Many have told me that fundamental analysis is a tool of value investing whilst others have said its two different things. I've always seen the two go very closley hand in hand as value investing principles tell us what it should be worth and fundamental analysis tells us how good that company is. My strategy thus far has been to utilise both. I apply the principles of value investing (such as financial ratios, intrinsic values through DCF etc...) and combine to the principles of fundamental analysis (analyising the company's products, management, financial trends, industry position etc..) From this, If the company looks to be trading below what I think its actually worth and the fundamentals of that company checks out, I make my intelligent decisions on whether to buy or pass. Am I wrong? Is there flaw in this logic? Is there a major difference between the two and should it be approached separately?