Conduct fundamental analyses to estimate intrinsic value of the firm.
As a part of the valuation process, you need to analyze the companies' financial statements and examine other sources of information, such as articles, books, accounting pronouncements, and industry literature to gain an understanding of the significant strategy, accounting and financial issues. You can obtain financial statements from the SEC filings (10-K, 10-Q etc.) of your company and its competitors. Besides, you can use a number of online services such as LEXIS/NEXIS-Universe, CEOexpress.com, Dow Jones News/Retrieval Service, Global Disclosure, Zack's Investment Research, and Fortune 500 to gather information about the company, its industry, competition, and its economic environment in general.