Business owners often have a significant amount of their net worth tied to their own businesses. When evaluating strategic options, a business valuation is often a good place to start. Our expertise in valuation allows us to advise clients on valuation issues in connection with the sale of companies and informs our advice on the process by which they are sold. When selling an entire company, we advise clients to look for synergistic and industry buyers who can realize the greatest benefits from the acquisition, and thus pay the highest price for the company.
Situations Where
Valuations Are Needed
Gift & Estate
Corporate Planning
Transaction Advisory
Succession Planning
Expert Witness
Financial Reporting
Areas Where We Have Performed Valuation Assignments
Industrials
Business Services
Financial Services
Environmental Services
Technology
Healthcare
Retail
Asset, Investment & Other Holdings
How do we value businesses?
A business’s value is based on the cash flow expected to be available to the owners after paying for all expenses of running the business. We normally utilize three standard methods to value every business.
Market Approach
Buyers will pay no more for a property than it would cost to acquire a substitute property with the same utility.
Income Approach
Buyers only care about future cash flows of the business.
Asset Approach
Buyers pay value of individual assets (company worth more dead than alive).
Valuation Practice Team
Jim White
Chairman
Goodloe White, CFA
President
Michael Stone, CFA, ASA
Managing Director
Our Valuation Insights
What’s It Worth – Q3 2022
Despite a record setting year in 2021, M&A activity is being challenged by macroeconomic and geopolitical headwinds. Rising interest rates and inflation rates are putting downward pressure on pricing metrics in both the public and private markets. Public markets are taking the hardest hit in 2022, as economists and industry professionals are signaling for a... Read More >
