Course 404:  
Putting DCF into Action  

Now that we have covered the workings of discounted cashflow (DCF) models in general and a bit about how we treat them at Morningstar, we'll dig a little deeper into how to determine fair values for stocks. In this lesson, we'll walk you through a stepbystep sample DCF model that uses the "free cash flow to equity" method. Here are the main steps to generating a per share fair value estimate with this method:
Next: Step 1Project Free Cash Flow >> 
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