How Can the Integrative Value of a Firm Increase Over Time?

How can the intrinsic value of a firm increase over time if it is the present value of all its future cash floes? It's great question. The answers it cannot. So that makes you wonder, how can it be the presentvalue of all itsfuture cash flows? But in the real world, there'd always be information coming in and so ther the sure answer thows, of course, that the present value has been incorrectly calculated for some time.