Then, it introduces the traditional theory and methods of value assessment in detail. These methods are method based on assets value, market comparative method and discountmethod.
The dividend discount model is the essential method used to estimate the stock intrinsic value. No-arbitrage equilibrium theory is the foundation of present financial theory.
股息贴现模型是估计股票内在价值的基本方法，无套利均衡是现代金融理论的基础。
3
The contingent claims analytical method as an all new one can overcome the defects of discount cash flow method in a few aspects.