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Warren
Are there any good tutorials (online or within literature) on how to calculate the stable long-term growth rate of the dcf terminal value (except valuecruncher blog)?
growth rate of the economy in which company operates or a tad lower
Then how would you calculate the TV stable growth rate or, put another way, for how many years would you take the average of the GDP if the company is private, but mature and stable in growth? In my case, I have a 3 year forecast incl. corresponding GDP growth rates. Is it common to use the 3 years average and go a tad lower? If so, how much? Every response is appreciated
Take your best guess. Who is going to check your numbers after 3 years?