How does the free cash flow model differ from the dividend growth model, and what are the

Question:

How does the model differ from the growth model, and what are the advantages and disadvantages of each model? Do these models produce the same answers to the total value of a firm and the value of its stock?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their... Free Cash Flow
Free cash flow (FCF) represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets. Unlike earnings or net income, free cash flow is a measure of profitability that excludes the...