The document discusses the drivers of the S&P 500 intrinsic value model, focusing on normalized EPS estimates and their impact on valuation. It explains the methodology for assessing EPS normality, accounting adjustments, and the intrinsic value drivers such as interest rates, risk premiums, and growth premiums. The document also compares EPS discount models with dividend discount models and discusses the impact of inflation on EPS quality.
documents/vol00010-efta01459073-pdf.pdf
{"title":"US Equity Insights","document_date":"2015-11-20","document_type":"tabular","key_organizations":["Deutsche Bank Securities Inc."]}