Episodes

  • 10. The problem with control premiums
    Oct 6 2022

    Control premiums.  What are they, how did they come about and what is the problem with using them.

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    7 mins
  • 9. Enterprise value?
    Oct 6 2022

    What is enterprise value? What is equity value?

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    3 mins
  • 8. Multiples?
    Sep 19 2022

    What are multiples and how do they reflect private business valuation?

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    4 mins
  • 7. Cost of capital
    Sep 19 2022

    How do you arrive at a cost of capital for your business valuation?

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    4 mins
  • 6. Normalisation
    Sep 8 2022

    Normalisations.  What cash flows can an investor expect?

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    4 mins
  • 5. The cash flow story
    Sep 8 2022

    Cash flows reflect the business story and compose of revenue, margins and growth.  

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    3 mins
  • 4. Lack of liquidity
    Sep 6 2022

    Unlike shares in listed companies, an interest in a private company takes time to sell. The interest is illiquid. How do we measure this lack of liquidity?

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    7 mins
  • 3. Risk and return
    Sep 5 2022

    How is risk and return measured in a privately held business?

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    6 mins