I recently realized that the value of a firm's stock is simply equal to the Present Value of its future profit. If you assume a constant rate of profit and a risk and inflation weighted interest rate and a time horizon of say 30 years, you get some pretty sane results. Its the world's simplest formula:
PV = Profit(1-(1+r)^-n) /r.
Does anyone have any experience with this? Obviously you can make it a lot more complicated but maybe we shouldn't...
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Today, the pace of innovation in the manufacturing industry is faster than ever before, but at the same time engineers are under increased pressure to get concepts to market quickly. Development teams must make fast and accurate decisions during the conceptual stage of design.