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DCF Valuator

Fact Sheet

The DCF Valuator website provides access to a suite of online interactive investment models. Investors can evaluate any stock on any market in any currency at any time in any place. The eight basic model types apply accepted discounted cash flow techniques to calculate intrinsic value per share, Monte Carlo simulation for a range of value scenarios and mean value, value-implied growth rate, and rate of return. Automatic market price fetching for U.S. listed equities is standard in all models. Market prices for all other securities may be retrieved manually. Results are presented in narrative, tables and graphs.

Access to the models is free, and no downloading is required. With focused effort, the models are easy to learn with click-through demonstrations and easy to use with context-specific pop-up help windows.

Price is not value, and pricing models are not valuation models. This is more than merely a semantic distinction. The difference between price and value, referred to as the margin of safety, is the raison d'Ítre of valuation models. Model labels can be misleading. It is necessary to look inside the box to discover all the assumptions being made. The DCF Valuator models are genuine valuation models as opposed to statistical models with
market beta and other alleged risk factors or to stock screening with market timing. The beta coefficient is the sole explanatory so-called risk factor specified in the conventional academic capital asset pricing model as opposed to the multiple specific risks or perils such as price-level inflation that may be included in a valuation model.

 

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