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The discounted sum of all future cash flows.
However, "real" is an odd word for a number derived from estimates of future cash flows.
The share prices of such companies depends on future cash flows.
Many of these are companies that are showing growth in current and future cash flow".
As for bundling the future cash flow into securities, Mr. White sees little risk.
In future, cash for public-transport schemes may be tied to road pricing.
"The challenge is figuring out what those future cash flows are.
The value of these securities is based on the future cash flow they provide to investors.
Secondly, that the imagined future cash flows are actually much lower than expected.
Dixons will receive a 3% stake in Drillisch and a share of future cash flows.
What really matters to Wall Street is the future cash flows a company will produce.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com