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by sokoloff
841 days ago
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> I have a company that is worth $1000 / that value already existed as an intrinsic property of the company (eg. NAV) Upon what is this based in a world where no long-term investors exist? Even in the "DCF of dividends plus NPV of terminal enterprise value" model, the last is dependent on long-term investors. (For the high number of tech and high-growth companies who pay no dividends, the first term in the valuation is $0.) |
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