Intrinsic or fundamental value of firm and Extrinsic or fair market value

Intrinsic or fundamental value of firm: is the figure determined by an unbiased, qualified professional appraiser and is computed with reference to the company’s free cashflow or dividends.

Extrinsic or fair market value: is the value given by the market; usually by willing buyers and sellers who are under no pressure to relate and all have reasonable knowledge of the significant facts of the situation.