Details

Valuing Businesses Using Regression Analysis

A Quantitative Approach to the Guideline Company Transaction Method
1. Aufl.

von: C. Fred Hall
50,99 €
Verlag:	Wiley
Format:	EPUB
Veröffentl.:	16.04.2021
ISBN/EAN:	9781119793434
Sprache:	englisch
Anzahl Seiten:	192

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Beschreibungen

Titelbeschreibung

Demystifies regression-based valuation through simple explanations, easy-to-understand charts, and time-saving bonus resources Current methodologies using median, quartiles, or standard deviations to calculate revenue multipliers and cash flow multipliers often produce values that are wildly divergent. This forces the appraiser to choose between a very high or a very low value or consider averaging the values, opening the possibility for the appraiser to be challenged. On the surface, regression analysis appears to be the more complex, mathematical model, so many professionals shy away from using it out of fear that readers will be confused and reject the results of the appraisal. Valuing Businesses Using Regression Analysis solves this issue by breaking down regression to its simplest terms and providing easy-to-read charts and explanations that can be understood by all. Since regression analysis does not come pre-installed in Excel, this book will show you how to enable Excel's regression in your computer. Then you'll learn four different Regression tools that can be used for business valuations or for forecasting in general. As an added perk, this book also comes with a template that simplifies the entire regression methodology into the click of one button. With a minimal amount of work, you can use this template to produce a compelling four-page valuation report. <ul> <li>See why current valuation methodologies can be wildly inaccurate and why regression analysis is a practical and preferable alternative</li> <li>Learn how to set up Regression in Excel and use single-variable linear regression to predict revenue and cash flow multipliers</li> <li>Walk through the process for conducting more advanced analyses, including curved regression with outliers and multiple variable regression</li> <li>Use the bonus template to create attractive four-page valuation reports using regression analysis in Excel</li> </ul> This book is an excellent choice for valuators and other financial professionals ready to take the leap into regression analysis for more accurate, more objective business valuations.

Inhaltsverzeichnis

Foreword Preface i CHAPTER 1: Current Methodologies 1 CHAPTER 2: The Solution 15 CHAPTER 3: Identifying Outliers Using Re-gression 26 CHAPTER 4: Cash Flow Multiplier Regression 31 CHAPTER 5: Enterprise Multiplier 41 CHAPTER 6: Polynomial Regressions 45 CHAPTER 7: Multiple Variable Regression 50 CHAPTER 8: Selection of Transactions in the Sample 62 CHAPTER 9: Regression 2.0 92 CHAPTER 10: Using Excel’s Regression Utility 107 CHAPTER 11: Excel Valuation Template 125 CHAPTER 12: Conclusion Acknowledgments 142

Autorenportrait

FRED HALL is CEO and owner of Amador Appraisals and Acquisitions. He has eighteen years of experience in writing business valuations and has appraised over 800 companies. He is a sought-after lecturer and speaker on business valuation techniques at national conferences. His research has been published in IBA’s quarterly journal, Business Appraisal Practice, Business Valuation Resource’s quarterly, Thomson-Reuter’s Valuation Strategies, NACVA’s The Value Examiner, and others.

Back cover copy

A SIMPLE EXPLANATION OF REGRESSION-BASED VALUATION WITH EASY-TO-UNDERSTAND CHARTS AND TIME-SAVING BONUS RESOURCESValuing Businesses Using Regression Analysis offers readers a down-to-earth and mathematically simple exploration of how to use regression analysis to create accurate, defensible business valuations that outperform other, more traditional, models that sometimes produce wildly divergent values.Complete with bonus resources, including a template that transforms your next regression analysis into a single click in an Excel spreadsheet, this book translates what seems like an intimidating subject into approachable explanations, examples, charts, and graphs. You’ll learn how to use single-variable linear regression to predict revenue and cash flow multipliers, as well as more advanced topics, like curved regression and multiple variable regression.The author takes you step-by-step through the process of setting up regression analyses in your version of Microsoft Excel and explains when to use the various methods of analyses he describes in the book.Ideal for valuators and other financial professionals seeking to create the most accurate and objective business valuations that current models can provide, Valuing Businesses Using Regression Analysis will become your go-to reference for both foundational and advanced topics in regression valuation.