This paper analyses the discounted free cash flow model to the firm (FCFF) on 50 different companies in the swedish stock market. There are few studies that examine the models relevance when it comes to predicting enterprise value for publicly listed companies, therefore this study aims to fill the gap between the models theoretical framework with its practical use. The aim of this study is to examine if the model’s estimates are closely related to the share price of each company and if the model can be used as an investment tool efficiently for a layman as well as for a professional practitioner. By analysing historical data between 2013-2019 forecasts regarding the free cash flows can be made using the theoretical assumptions from the FCFF-model. The result reveals an imprecise predictability with an absolute prediction error of 75.22%. This study draws the conclusion that the model is better suited for professional practitioners rather than laymen due to its complexity and subjective nature.