Participants will explore different methods used to value a firm, including comparables and discounted cash flow approaches. Case studies and real-world examples will be used to show the impact of discounting and market influences on the price of a firm. Recent research on succession planning will also be discussed.

Key Topics:

• Comparables vs. Discounted Cash Flow Models
• Discounted Free Cash Flow, Dividend Discount Model, CAPM
• Common Discounts -- Liquidity, Lack of Marketability, etc.
• Earnings Quality
• Financing the Purchase
• Research on Succession Planning