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  • 10. The problem with control premiums

    10. The problem with control premiums
    2022/10/06

    Control premiums.  What are they, how did they come about and what is the problem with using them.
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    7 分
  • 9. Enterprise value?

    9. Enterprise value?
    2022/10/06

    What is enterprise value? What is equity value?
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    3 分
  • 8. Multiples?

    8. Multiples?
    2022/09/19

    What are multiples and how do they reflect private business valuation?
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    4 分
  • 7. Cost of capital

    7. Cost of capital
    2022/09/19

    How do you arrive at a cost of capital for your business valuation?
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    4 分
  • 6. Normalisation

    6. Normalisation
    2022/09/08

    Normalisations.  What cash flows can an investor expect?
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    4 分
  • 5. The cash flow story

    5. The cash flow story
    2022/09/08

    Cash flows reflect the business story and compose of revenue, margins and growth.  
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    3 分
  • 4. Lack of liquidity

    4. Lack of liquidity
    2022/09/06

    Unlike shares in listed companies, an interest in a private company takes time to sell. The interest is illiquid. How do we measure this lack of liquidity?
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    7 分
  • 3. Risk and return

    3. Risk and return
    2022/09/05

    How is risk and return measured in a privately held business?
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    6 分