Investing··8 min
How to Value a Stock With a DCF (Without a Finance Degree)
A DCF says a stock is worth all the cash it will ever produce, discounted back to today. Four inputs move the answer, and one of them, the discount rate, swings 'fair value' by 40% on a change you could defend either way. Here is the whole method with a per-share worked example.
valuationdcfintrinsic value