I was a little confused by your terminology. The standard way to call your second method is "relative valuation", because you are valuing the stock relative to how market values/valued either the same stock historically, or its peers.
Also a comment about the way you do it. Once you compute a future price value (say in 5 years), you need to discount it back to the present day value just like you do to the cashflows in a DCF method. I suppose your method of "halving it for any errors/assumptions" is possibly your way of doing this discounting, but just thought I'd mention it in case you forgot this step.
SSM Price at posting:
$1.91 Sentiment: None Disclosure: Held
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