You are a good rewriter. Rewrite the given response without adding extra information or knowledge.

Response:  The key factors that determine the value of a company's stock price in the long run include the company's financial performance, growth prospects, industry trends, competitive landscape, macroeconomic conditions, and management quality.\n\nThe dividend discount model (DDM) is a valuation approach that estimates the intrinsic value of a stock based on the present value of its future dividends. The DDM assumes that the value of a stock is equal to the sum of all future dividends discounted back to their present value. This approach is most suitable for mature companies that have a stable dividend payout history. For example, a utility company that pays a consistent dividend every year may be valued using the DDM.\n\nComparative valuation is a method of valuing a company by comparing it to similar companies in the same industry. This approach involves analyzing the company's financial ratios, such as price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio, and comparing them to the ratios of its peers. This approach is most suitable for companies that operate in a competitive industry with similar business models. For example, a technology company may be valued using comparative valuation by comparing its P/E ratio to other technology companies in the same sector.\n\nDiscounted cash flow (DCF) valuation is a method of valuing a company based on its future cash flows. This approach involves estimating the company's future cash flows and discounting them back to their present value using a discount rate. The DCF approach is most suitable for companies that have high growth potential and are expected to generate significant cash flows in the future. For example, a biotech company that is developing a new drug may be valued using DCF valuation by estimating the future cash flows from the drug and discounting them back to their present value.\n\nIn conclusion, the key factors that determine the value of a company's stock price in the long run depend on various factors, including the company's financial performance, growth prospects, industry trends, competitive landscape, macroeconomic conditions, and management quality. Different valuation approaches, such as DDM, comparative valuation, and DCF valuation, may be used depending on the company's characteristics and the investor's preferences.