The debate between investors focused on GoPro's (NASDAQ:GPRO) long-term revenue outlook and those concerned with rising competition in the action camera space and the stock's high valuation has been intense in recent months. Valuing companies in a booming industry is always a difficult task. But in our view, a DCF (discounted cash flow) valuation is well suited to this kind of mission as it enables to capture the long-term potential (revenues and margins) of any company. As a result, we have decided to perform a DCF valuation of GoPro, actually two valuations (a bull and a bear case) to better assess the risk/reward. Read more