Not 'ham sap' accountant meh? 

I believe he has a huge Excel sheet with all the formulas and variables, ready to plug and play. Now, the easiest way is to hack his PC 

Better to hire a hacker 

This one ah....   

There are many ways to calculate fair value one, it is more of an art than science... so it depends on each individual expectation of the stock growth.

The most basic will be PE.. BUT it has a lot of limitations...My back of the envelope (ie. fast method) FV calculation will be...

FVPE = (5 Year FUTURE Growth% + DY% p.a.)*100
FV = FVPE x TTM

Example : Stock A, you expect it to have growth of 10% p.a. and currently yield 3%. TTM EPS is 20 cents/share

FVPE =(10%+3%)*100 = 13
FV = 0.20 x 13 = RM 2.6

Please note this is just the fast method, if it looks interesting to you, you NEED to investigate further on the free cash flow, net cash/debt, profit margin, growth sustainability, RNAV, DCF, management etc etc...

There is NO sure way of calculating FV one... if you put super high growth expectations, everything will also look very cheap, so be very very conservative. 

Again I repeat, getting FV is an ART not a calculable SCIENCE because the market, company and profits change all the time... and more often than not you will wrong MOST of the time. 

TTM = tentative twelve month OR past 4Q earning combined

I have edited my original post sometimes it is better to use next FY expected EPS for calculation if you can reliably predict one. I use TTM and FY14 EPS interchangeable depends on stock.

But one thing I have to add....whenever calculate Intrinsic value, the most important part is understand the business enough 1st before you can do so. So you can have the confidence to believe your IV.

Just my opinion 

There are few methods...

For constant growth and stable growth company.. you can use the average of 5 or 10 years CAGR (Compounded annual growth rate)

For high growth companies, well, you just gotta read more and get a feel on the industry and where it is headed... this one is the most difficult, you need in depth understanding on the industry

For negative/unstable/yo-yo growth companies, don't bother - run far far away... 

Ya estimating growth is the key, you need to know the demand/supply of the product/service of the company and also advantage of the company securing market share. All these you got to know the industry in deoth.

For example, last time i bought NTPM... i went to  a few supermarket to see the products they sell, including the new diaper & female towel brand and compare their pricing/packaging to other competitor.  [U]

Visit visit also good 

Help me push Scientex?

Tease me again 

learn to respect KFC trader 

Texas Fried Chicken lousy meh?

Haha kidding only 

Thinking whether to top up 0099 ... Got some wind but can't verify 

I told many times liao .... Back then was 795 ..... No one listened 

Now, if my wind proves to be true, then at 1 still can chase 

Homer becoming coma...