Yes, there are seven firm-specific and three interest-rate parameters that are all
determinants of a stock's fair value today, though the importance of each differs
across the parameters.
The firm-specific parameters reflect, among other things, its long-term EPS growth,
its actual-EPS growth stability, the nature of the firm's business cycle, the volatility
or stability of analyst expectations about its future EPS growth, and sensitivity
to macroeconomic risk factors. These EPS parameters differ from firm to firm and
across business sectors, giving the model ample flexibility to capture each stock's
distinct characteristics.