Maarschalk Valuations Inc https://validator.w3.org/feed/docs/rss2.html 2.01 Valuation methodologies and calculations 1.01 A Better Understanding of Business Valuators’ Reports ESOP Canada Conference 2021: valuation methods & influences Resources The 3 – 5 times EBITDA myth Home Contact About 3.01: Common terminology in valuators’ reports 3.02: Capital assets 3.03: Capitalization rates 3.04: Discount rates 3.05: EBITDA – Earnings before interest, tax and depreciation/amortization 3.06: En bloc value 3.07: Enterprise value 3.08: Equity value 3.09: Fair market value 3.10: Fair market value adjustments to tangible assets 3.11: Free cashflow 3.12: Going concern 3.13: Goodwill 3.14: Personal goodwill 3.15: Transferable goodwill 3.16: Conditionally transferable goodwill 3.17: Multiples (and capitalization rates) – one size does not fit all 3.18: Non-voting shares 3.19: Preferred shares 3.20: “Premium” as used in valuators’ reports 3.21: “Price” as used in valuators’ reports 3.22: Pro forma cashflow statements 3.23: Professional judgment and contrasting conclusions provided by multiple CBVs 3.24: Redundant assets 3.25: “Special purchasers” 3.26: Sustaining capital expenditures 3.27: Synergies 3.28: Tangible asset backing 3.29: Tax shields 3.30: Working capital 2.19 Hindsight in valuators’ reports? 2.20 Discount for lack of control (minority discounts) 2.21 Discount for lack of liquidity (marketability discounts) 2.15 Disposition costs in valuators’ reports 2.14 Taxes in valuators’ reports 2.17 Industry analysis in valuators’ reports 2.16 Materiality in valuators’ reports 2.10 Valuation methodology – adjusted net asset methods 2.02 Valuation methodology – income methods 2.03 Valuation methodology – capitalized cashflow method 2.06 Discounting cashflows