## Comment on Introducing "Varsity"

Hey,

I was trying the DCF valuation as given in chapter 3: fundamental analysis and had a few questions.

1) Should we multiply the face value of the share after calculating the final intrinsic value (i.e the total/ share capital as given in the balance sheet)? I ask because I got huge variating in the share value and CMP without considering the FV but they were reasonable when I adjusted for the FV.

2) I was not sure whether to add the current year borrowing in the debt section (it made a huge difference for companies with high debts)

3) How do I value companies with net negative cashflows?

Thank you