Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. In discounted cash flow (DCF) analysis, ...

Andy Smith is a Certified Financial Planner (CFP®), licensed realtor and educator with over 35 years of diverse financial management experience. He is an expert on personal finance, corporate finance ...

DCF valuation helps you figure out what an investment is worth today based on projected cash flows by adjusting for risk and time. A critical weakness in many DCF models lies in the terminal value — ...