The document presents Deutsche Bank's intrinsic valuation model for the S&P 500, which combines detailed EPS analysis with intrinsic valuation expertise. It uses a single-stage earnings discount model, similar to a dividend discount model (DDM) or a discounted cash flow (DCF) model, with EPS as the direct input. The document includes a table showing Deutsche Bank's 2015 S&P 500 EPS estimates and assumptions for fair long-term returns and inflation.
documents/vol00010-efta01459072-pdf.pdf
{"title":"US Equity Insights","document_date":"2015-11-20","document_type":"tabular","key_organizations":["Deutsche Bank"]}