Description
2020-144: Part 2 COVID-19 and Business Valuation – What to do NOW! Valuing Small, Medium, and Large Businesses
**Webinar 144: Live Broadcast Date: June 9, 2020**
VPS StraightTalk Webinar Series: COVID-19 and Business Valuation – What to do NOW! Valuing Small, Medium, and Large Businesses PART 2
“This was one of the best and most important valuation training webinars that we could possibly have at this time. Please continue with this subject.” – COVID-19 and BV webinar Part 1 participant
Speakers: Jim Hitchner, CPA/ABV/CFF, ASA and Kate Morris, MBA, ASA
Learning Objectives
The participant will learn about the following:
Given the pandemic, the valuation methods that are the most reliable
The use of probabilistic/scenario analyses in the DCF and CCF
How to normalize income in years 2020, 2021, 2022, and the terminal year of a DCF model
How to apply the CCF model with “bolt-ons”
How to put a value on the CARES Act stimulus
How should actual company results for 2019 impact value estimates at March 31, 2020
How the discount rate has changed and why
How to support interim and long-term growth rates
What to do if there are no projections
Various adjustments to validate the guideline company transactions method
• Pre-COVID transactions
• Post COVID transactions
• Adjusted and unadjusted earnings
How to select guideline public companies and calculate the proper valuation multiples
• Pre-COVID multiples
• Post COVID multiples
• Adjusted and unadjusted earnings
How to reconcile the values
Note that all webinars in this Covid-19 series are stand-alone. They each cover a different topic related to valuation engagements with a valuation date during the pandemic.
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