After reading the book "Market Masters" a  few times, there are at least 2 "Masters" that swear by free cash flow yield. In fact, they both mentioned 8- 10% yield as a very attractive proposition. Hence, I did a scan of all the companies in my portfolio, excluding the reits and financial companies, and discovered several such companies. I calculated FCF yield by using 5 years average OCF minus  5 year average PPE minus 5 year Purchase of Business (If regular and significant), then divide by number of shares and then finally the price. Data drawn from FSM Screener. I gave Sembcorp Industries a miss, since it is considered a "new" business after demerger and Keppel, because its number are too volatile, for the numbers to be meaningful. They are: 1) Lung Kee (HK 0255) (15%) 2)Yangzijiang (13%) 3) Lonking (HK3339) (13%) 4) *Diary Farm International (13%) Closely followed by Silverlake Axis and Singpost in the 8-9 % range....