Jennison’s Value team seeks to uncover investment opportunities by identifying meaningful gaps between a company’s market price and its underlying worth—or intrinsic value. We determine intrinsic value through rigorous, proprietary fundamental research and detailed earnings models that estimate a company’s long-term free cash flow (FCF) generation potential. FCF is a powerful indicator of corporate health and long-term value creation—it enables reinvestment back into its business, share repurchases, and dividend growth, all of which can contribute to shareholder returns.