Intrinsic Value

You’ve learned how to find good companies at a discount. Now let’s talk about what happens when that discount disappears — and what to do about it.

You’ve spent seven posts learning one tool. Here’s why it doesn’t work on banks — and what to use instead.

Six parts of groundwork. One payoff. Let’s calculate what Maple Ridge Manufacturing is actually worth.

Intrinsic Value, Part 6: Risk and the Discount Rate Future cash flows are worth less than cash in hand. The

Intrinsic Value, Part 5: Where the Growth Rate Comes From We don’t guess at growth. We derive it. In Part

Intrinsic Value, Part 4: Calculating Free Cash Flow to the Firm Time to open the financial statements and start building.

Intrinsic Value, Part 2: Why a Dollar Today Is Worth More Than a Dollar Tomorrow Before the calculations begin, there’s

Intrinsic Value, Part 3: Two Types of Free Cash Flow A short but important detour before the calculations begin. In

Intrinsic Value, Part 1: The Cash a Business Generates The first post in the Intrinsic Value series. No math yet