The Market Approach to Valuing Businesses
John Wiley & Sons, 2006. gada 22. febr. - 400 lappuses
Your Best Approach to Determining Value
If you're buying, selling, or valuing a business, how can you determine its true value? By basing it on present market conditions and sales of similar businesses. The market approach is the premier way to determine the value of a business or partnership. With convincing evidence of value for both buyers and sellers, it can end stalemates and get deals closed. Acclaimed for its empirical basis and objectivity, this approach is the model most favored by the IRS and the United States Tax Court-as long as it's properly implemented.
Shannon Pratt's The Market Approach to Valuing Businesses, Second Edition provides a wealth of proven guidelines and resources for effective market approach implementation. You'll find information on valuing and its applications, case studies on small and midsize businesses, and a detailed analysis of the latest market approach developments, as well as:
Must reading for anyone who owns or holds a partial interest in a small or large business or a professional practice, as well as for CPAs consulting on valuations, appraisers, corporate development officers, intermediaries, and venture capitalists, The Market Approach to Valuing Businesses will show you how to successfully reach a fair agreement-one that will satisfy both buyers and sellers and stand up to scrutiny by courts and the IRS.
1.5. rezultāts no 74.
Common Errors in Implementing the Market Approach 263 Inadequate Selection of Guideline Companies 264 Indiscriminate Use of Average (or Median) Multiples 265 18. 19. Failing to Consider Guideline Company Financial Statement Adjustments.
... Method Weighting and MVIC Calculation 235 Guideline Public Company Common Equity Method Weighting Multiple Calculation 236 Median Pricing Multiples from BIZCOMPS® and Pratt's StatsTM Data 254 Average P/E Multiples Relative to Sales ...
Kn = Risk premium associated with risk factor 1 through n for the average asset in the market (used in conjunction with Arbitrage Pricing Theory) WACC =Weighted average cost of capital INCOME VARIABLES E = Expected economic income (in a ...
... structure (Note: For purposes of computing a weighted average cost of capital [WACC], it is assumed that preceding weightings are at market value.) GROWTH g = Rate of growth in a variable (e.g., net cash flow) MATHEMATICAL FUNCTIONS ...
x ̄ = Mean average (the sum of the values of the variables divided by the number of variables) G = Geometric mean (the product of the values of the variables taken to the root of the number of variables) ADDITIONAL ABBREVIATIONS USED IN ...
Lietotāju komentāri - Rakstīt atsauksmi
Part II Finding and Analyzing Comparative Market Transaction Data
Part III Compiling Market Value Tables and Reaching a Value Conclusion
Part IV Sample Market Approach Cases
Part V Important Aspects of Using the Market Approach
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