As most Finance professionals say valuation is more like an Art rather than Science. There are various valuation methodologies that one could apply in order to determine the value of a company. The main methods are: Discounted Cash Flow (DCF), Comparable Multiples Method (CMM), Comparable Transactions (CT) and Real Options (less common). DCF incorporates the…… Continue reading Valuation of Pharmaceutical and Biotechnology Companies: DCF (Part 1)