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Topic 5 – Equity
Module 6 – Private Company Valuation
LOS : Contrast important public and private company features for valuation purposes.
LOS : Describe uses of private business valuation and explain key areas of focus for financial analysts.
LOS : Explain cash flow estimation issues related to private companies and adjustments required to estimate normalized earnings.
LOS : Explain factors that require adjustment when estimating the discount rate for private companies.
LOS : Compare models used to estimate the required rate of return to private company equity (for example, the CAPM, the expanded CAPM, and the buildup approach).
LOS : Explain and evaluate the effects on private company valuations of discounts and premiums based on control and marketability.
LOS : Explain the income, market, and assetbased approaches to private company valuation and factors relevant to the selection of each approach.
LOS : Calculate the value of a private company using incomebased methods.
LOS : Calculate the value of a private company using marketbased methods and describe the advantages and disadvantages of each method.