Myrtle Beach, SC, Orlando, FL and Washington, D.C. January 7, 2014—Highland Global has released its 2014 economic outlook based on internal analysis, input from the independent think tank, Thinking Outside the Boxe, and consultations with colleagues within the valuation profession and business community. Highlights of Highland Global Business Valuation’s economic outlook follow: Economic growth showed … Continue reading Economic Outlook 2014
Valuation Insights & Articles
Welcome to Valuation Insights & Articles, where Highland Global shares thought leadership, expert guidance, and commentary on the ever-evolving world of business valuation. Here, you’ll find practical insights tailored for SBA lenders, business owners, attorneys, and financial professionals. Topics include SBA 7(a) valuation standards, goodwill analysis, tax-related valuation, M&A strategy, litigation support, and valuation methodology best practices. Stay informed with clear, actionable content rooted in real-world experience and regulatory knowledge.
Discount Statistics Of Closed-End Funds Update For The 4th Quarter 2013
This article will update the Highland Global study, “Discount Statistics of Closed-end Funds,” (originally published in November 2005 and updated quarterly) for data relating to the fourth quarter of 2013. The original article with more details regarding discount statistics of closed-end funds is available at http://www.HighlandGlobal.com. Historic releases of our research can be accessed from … Continue reading Discount Statistics Of Closed-End Funds Update For The 4th Quarter 2013
Highland Global Business Valuations announces the release of the 4th Quarter 2013 Update to “Discount Statistics of Closed-End Funds”
Myrtle Beach, South Carolina, Orlando, Florida, Dallas, Texas & Washington, DC, January 28, 2014—Highland Global Business Valuations is pleased to announce the release of its 4th Quarter 2013 Update to its quarterly research on “Discount Statistics of Closed-End Funds.” Each quarter, Barron’s Online (www.barrons.com) reports statistics on publicly-traded closed-end funds. The statistics reported include the … Continue reading Highland Global Business Valuations announces the release of the 4th Quarter 2013 Update to “Discount Statistics of Closed-End Funds”
Discount Statistics Of Closed-End Funds Update For The 3rd Quarter 2013
This article will update the Highland Global study, “Discount Statistics of Closed-end Funds,” (originally published in November 2005 and updated quarterly) for data relating to the third quarter of 2013. The original article with more details regarding discount statistics of closed-end funds is available at http://www.HighlandGlobal.com. Historic releases of our research can be accessed from … Continue reading Discount Statistics Of Closed-End Funds Update For The 3rd Quarter 2013
Top 10 Questions of Value: 10. What is the Difference between EBITDA and Seller’s Discretionary Earnings and Why are they Important in Financial Analysis?
EBITDA stands for Earnings Before Interest, Taxes, Depreciation and Amortization. EBITDA earnings are used by many valuation professionals and financial analysts as a method to compare the cash earnings of a subject company with cash earnings of comparable companies. This method of earnings comparison is useful because it equalizes differences between or among companies in … Continue reading Top 10 Questions of Value: 10. What is the Difference between EBITDA and Seller’s Discretionary Earnings and Why are they Important in Financial Analysis?
Top 10 Questions of Value : 9.What Is the Difference between Enterprise Value and Equity Value?
Sometimes people use the two terms interchangeably. However, for valuation purposes there may be a significant difference in the two terms. Enterprise value is often referred to as the value of the invested capital which includes the value of the equity and the value of the firm’s liabilities. This could represent the asset side of … Continue reading Top 10 Questions of Value : 9.What Is the Difference between Enterprise Value and Equity Value?
Top 10 Questions of Value: 8.What Is the Difference Between an Expert Consultant and Expert Witness?
As an expert consultant, the valuation professional is engaged to develop information that will be used by the attorney in a variety of ways, including settlement negotiations with the opposing side. In these instances, the valuation professional is usually not expected to testify or to develop an opinion of value that will be entered into … Continue reading Top 10 Questions of Value: 8.What Is the Difference Between an Expert Consultant and Expert Witness?
Top 10 Questions of Value: 7. How Is a Valuation Useful when Drafting Buy-Sell Agreements?
Buy-sell agreements for privately-held companies provide the shareholders with a mechanism by which the interest of a deceased or withdrawing shareholder may be liquidated through a repurchase agreement, a cross-purchase agreement, or a hybrid agreement. Providing for how the value of the shares is established is critical for a successful buy-sell agreement. Generally, there are … Continue reading Top 10 Questions of Value: 7. How Is a Valuation Useful when Drafting Buy-Sell Agreements?
Top 10 Questions of Value: 6. Are “Rules of Thumb” Useful in Business Valuations?
Rules of Thumb are generally expressed as multipliers. A common example would be that some particular type of business will sell for .75 to 1.50 times annual revenues. Another popular multiple is a multiple of discretionary earnings. For example, a particular type of business is said to sell for X times Seller's Discretionary Cash Flow … Continue reading Top 10 Questions of Value: 6. Are “Rules of Thumb” Useful in Business Valuations?
Top 10 Questions of Value : 5. What Are the Qualifications of an Accredited Valuation Analyst and a Certified Business Appraiser?
An Accredited Valuation Analyst (AVA) is a valuation professional who has completed specialized advanced training in business valuations through the National Association of Certified Valuation Analysts (NACVA) and who has also completed a comprehensive examination and submitted a complete written valuation report to examiners. AVAs receive continuing education in valuations each year and observe the … Continue reading Top 10 Questions of Value : 5. What Are the Qualifications of an Accredited Valuation Analyst and a Certified Business Appraiser?
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