BV Specialists

MAY 6, 2024

The appraiser you choose to work with should be certified through the NACVA, ASA, or some other nationally recognized association. If you own a lot of equipment and real estate as part of your asset base, you should first engage with accredited appraisers who specialize in those areas before completing the full company valuation.

Fair Market Value 77

Fair Market Value Appraisal EBITDA Equity 77

Chris Mercer

NOVEMBER 15, 2022

I have heard many appraisers suggest that one should not normalize owner compensation when valuing minority interests “because the minority shareholder cannot change compensation.” Otherwise, the appraiser is not valuing the appropriate asset. Assume a company has reported an EBITDA of $2.0 million (6 x $2.0

Business Valuation 52

Business Valuation Normalized Earnings EBITDA Appraisal 52

Chris Mercer

APRIL 7, 2023

However, in most circumstances, transaction costs are not factored into the appraisal of the subject interest since the pricing information of frequently traded comparable securities is not adjusted for these factors.” Appraisers use transaction multiples from transactions in similar companies with the guideline transactions method.

Marketability 52

Marketability Fair Market Value Appraisal EBITDA 52

FE International

MARCH 23, 2022

If you want to understand how to value a business, the first question is whether to look at a multiple of SDE , EBITDA or Revenue. SDE vs. EBITDA vs. Revenue. A new benchmark of earnings before interest, taxes, depreciation and amortization ( EBITDA ) is employed. For most businesses, the valuation benchmark debate stops there.

EBITDA 105

EBITDA Start-ups Business Valuation Marketability 105

Musings on Markets

JANUARY 5, 2024

Return on Equity 1. Equity Risk Premiums 2. Costs of equity & capital 4. Costs of equity & capital 1. Fundamental Growth in Equity Earnings 2. Return on Equity 2. Standard Deviation in Equity/Firm Value 2. EBIT & EBITDA multiple s 5. Beta & Risk 1. Debt Details 1. Buybacks 2.

Dividends 98

Dividends Risk Premium Equity Book Value 98

Chris Mercer

FEBRUARY 14, 2024

This second musing addresses the use of restricted stock studies to support marketability discounts in gift and estate tax appraisals prepared for the Internal Revenue Service (or for anyone, for that matter). This musing is addressed to all appraisers, regardless of which valuation credential(s) they hold. of Integrated Theory 3.

Marketability 52

Marketability Dividends Appraisal Business Valuation 52

Musings on Markets

OCTOBER 6, 2023

In this post, I will look at another initial public offering, Birkenstock, that is likely to get more attention in the next few weeks, given that it is targeting to go public at a pricing of about €8 billion, for its equity, in a few weeks.

Intangible Assets 104

Intangible Assets Book Value Equity Start-ups 104