Reliable Valuations for Small and Medium Enterprise: M&A Methods Win
If you have been involved in an M&A transaction and seen how
different the M&A model is from the buildup method with public data,
have you ever wondered why the M&A model isn’t a key valuation
approach or wondered how M&A data differ in character from public
market data? In this seminar, Jim Lisi explains why the M&A model
with private data is the more reliable approach. The difference between
deal data for whole companies and the public markets is explained with
Shannon Pratt’s concepts. In the valuation models, just as deals are
constructed, the valuation problem is broken into two parts: a value for
the operating assets and a value for the nonoperating assets.
Similarly, operating cash flows are differentiated from invested capital
cash flows, and a central tendency of value will be found using both
the market approach and capitalization rates. Then, the two most
important financial factors for specific company risk are evaluated,
along with discussion of what to do with the nonfinancial factors.
IMPORTANT: Each Training Pack includes an MP4 video file, MP3 audio file, complete transcript, slide presentation in PDF format, and additional reading materials when available. Please note that Training Packs can take up to 4 weeks after the webinar to complete. Once available you will receive an email with a special link to download your Training Pack. If you are ordering a Training Pack after the 4 week window, the download link will be sent to you immediately via email. Please check your spam folder and add firstname.lastname@example.org to your "safe list" to ensure you receive your Training Pack.