I spent the last month up to my neck in photocopied accounts and spreadsheets. I set out to find exactly which Irish companies were valuable, how much they were worth, and what made them valuable. There’s an easy way to value a company – just multiply its earnings by the industry multiple. But that number is broad and it doesn’t tell you much interesting. So I valued them from the ground up, using a discounted cash flow (DCF) model, to see what makes them tick. Last week we started to publish my findings. You can click here to read the first part…

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