Just curious. Why is DCF unreliable?
Usually I use reverse DCF to calculate the approximate implied growth... that should be within a reasonable range and should not be untenable... this I cannot do when there are negative parameters as inputs...
and for conventional DCF, established companies have some anchor at least for all the assumptions we are forced to make... I find myself groping in the dark when working on "startup-like" companies and come up with bizarre values (hence unreliable for me)... even when some assumptions are firmly based on facts like mgmt commentary on breakeven forecasts, the working capital turnover for eg. seems outrageous... aur waise bhi ye startup wale chokre TV pe aake bohot jhoot bolte hai... can they be trusted...
Have you applied for Zomato or Burger or Devyani Sri sir?