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The objective of this paper is to present the common errors in the valuation process to estimate the intrinsic value of a company/asset. The discounting cash flow (DCF) approach is considered to be the most accurate (theoretically), flexible and widely used method. It is for that reason that most analysts prefer to use it for valuing a company/asset. In this paper, we will give attention to some conceptual errors when applying the DCF approach.
[url=http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1851768]Read more about Common errors in the valuation process (DCF)[/url]
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