Discounted cash flow cf 1 1 r 1 cf 2 1 r 2 cf 3 1 r 3 p 3 1 r 3 2 00 1 0 10 1 2 10 1 0 10 2 2 20 1 0 10 3 20 00 1 0 10 3 2 00 1 10 2 10 1 21 2 20 1 331 20 00 1 331. Discounted cash flow analysis is one of the most important methods to accurately estimate the value of an asset via applying the concept of the time value of money tvm. Bei den discounted cash flow methoden wird grundsätzlich von einem 2 phasen modell ausgegangen.