Editing Discounted cash flow (section)

{{Short description|Method of valuing a project, company, or asset}}
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The '''discounted cash flow''' ('''DCF''') analysis, in [[financial analysis]], is a method used [[Valuation (finance)|to value]] a [[security (finance)|security]], project, company, or [[financial asset|asset]], that incorporates the [[time value of money]]. 
Discounted [[cash flow]] analysis is widely used in investment finance, [[real estate developer|real estate development]], [[corporate financial]] management, and [[patent valuation]]. Used in industry as early as the 1700s or 1800s, it was widely discussed in financial economics in the 1960s, and U.S. courts began employing the concept in the 1980s and 1990s. <!-- Related is the [[carbon discounted cash flow]], which integrates [[climate change|climate-related]] considerations. -->