As a value investor it is always important to remind oneself of what is valuation vs pricing. This is even more true during times
when a potential investment idea (stock of a trendy company) is much talked about in the media. Here is a piece of valuation — probably at its best — of the expert of Valuation: Prof. Aswath Damodaran.
One thought on “Valuation at its best: IPO of Saudi Aramco”
Part 2 is about how regime change risks, i.e. Cashflows being zero after year three, are usually not accounted for within DCF-Models in a good way. Read: http://aswathdamodaran.blogspot.com/2019/11/regime-change-and-value-follow-up-post.html?m=1