ETF DCF is a project which allows user to view a list of ETFs with their fair (intrinsic) value calculated using discounted cash flows (DCF) model.
Current blocking issue: DCF model relies on future earnings estimate. How to derive the figure without heavy reliance on potentially biased analysts' estimates?
Potential solutions
- At least half of the estimate can include past performance.
- For another part a metric should be developed which derives the potential overall economic growth from a price-related and therefore timely and so-called coincident indicator, such as credit spreads.