Good overview. There are a few different ways to do it, but DCF remains one of the most popular. However, there are some inherit issues with DCF in terms of predicting the future, so I actually stopped using it (errors in estimated values compound and can be quite large). I now use Earnings Power Value (EPV) for most companies, or a growth model for the few companies with competitive moats like Apple or Google. I use the methodology spelled out by Bruce Greenwald in "Value Investing: From Graham to Buffett and Beyond." Worth checking out if you enjoy value investing.