Answer for Hi trainers, I would like to draw your attention to the valuation of Straco in the valuation quadrant webinar.

Hi Joselyn,
 
Usually companies with high depreciation have operating cash flow more than their earnings by 2 times or more.
 
Companies with negative earnings/cash flow you cannot use the discounted model unless you know the loss are temporary. Then you add the loss back to make the number positive and do the projection. If the negative earnings are 3 out of 10 years, you just need the latest year earnings to project