Skip to Content
ETF Specialist

A Better Way to Intrinsic Value

Focus on expected returns from conservatively forecast cash flows and not on the false precision of academic models, writes Morningstar’s Sam Lee.

A version of this article was published in the May 2014 issue of Morningstar ETFInvestor. Download a complimentary copy here.

In the first part of this two-part series, "Understanding Intrinsic Value," I briefly described intrinsic value and its relationship with time and risk. In this second and final part, I describe a more practical way to apply the intrinsic-value framework.

To view this article, become a Morningstar Basic member.

Register for Free