The DCF Model: The Complete Guide… to a Historical Relic?

For the full written version and Excel files, please see: Table of Contents: 0:00 Introduction 2:29 Part 1: The Big Idea Behind a DCF 5:21 Part 2: Company/Industry Research 8:36 Part 3: DCF, Step 1: Unlevered Free Cash Flow 21:46 Part 4: DCF, Step 2: The Discount Rate 28:46 Part 5: DCF, Step 3: The Terminal Value 34:15 Part 6: Common Criticisms of the DCF – and Responses 39:09 Recap and Summary