Package Offer: Practical Introduction to SME Valuations Series
This series will provide you with a practical introduction to the valuation of SMEs. You will gain a greater understanding of the complexities of the valuation processes, enabling you to provide expert advice to clients when reviewing valuations.
Description
This series will provide you with a practical introduction to the valuation of SMEs. You will gain a greater understanding of the complexities of the valuation processes, enabling you to provide expert advice to clients when reviewing valuations.
Each webinar in the series contains a combination of theory, practical examples, tips and common errors to avoid.
The series will cover the following topics:
Understanding the SME market
- Providing some context around what an SME is and where it fits in the NZ marketplace
What constitutes value?
- Looking at business characteristics to show that reality and expectations don't always align
- Fair value vs market value - what's the difference?
The Valuation process
- What is being sold and purchased?
- What is the purpose of the valuation and how should this be approached?
- Is valuing goodwill different from valuing shares? How to approach this
- What information is required and what needs to be considered?
Valuation methodologies - what are they and when to apply them focusing on practical examples including common adjustments and considerations
- Market Approach (briefly)
- Income based approaches
- Asset based approaches
Discount Rates and Multipliers
- Choosing an appropriate rate
- What factors to consider
- Pre or post-tax
Valuation is not an exact science - some examples of subjectivity
Presenters
Henry van Dyk
Partner, Polson Higgs
Carole Adair
Partner, Polson Higgs
Ryan Ehlers
Partner, Polson Higgs
CPD Hours and Recordings
3 CPD hours (1.5 per webinar)