It's no secret that Apple (NASDAQ:AAPL) is a cash cow. While the company's free cash flow growth has slowed in recent quarters, Apple's 2013 free cash flow is up about 50% from its 2011 figure. Sure, investors shouldn't expect Apple's free cash flow growth to look equally robust in the next two years, but investors also shouldn't expect recent quarters to be an indication that Apple has no growth left. And if there is any growth left for Apple's free cash flow, the market isn't pricing it in to the stock at today's valuation.

In the following video, Fool contributor Daniel Sparks takes a closer look at Apple's free cash flow and how the market is possibly underestimating Apple's potential to generate cash for shareholders.

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Daniel Sparks owns shares of Apple. The Motley Fool recommends and owns shares of Apple, Google, Intel, and McDonald's. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.