Mergers and Acquisitions Public and Private Company Valuation, James Tompkins
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- Опубликовано: 2 ноя 2015
- This is an advanced topic and assumes an understanding of all lectures in the “Corporate Finance Lecture Series” playlist on this channel. I begin by setting some themes. For example, do financial principles (e.g. risk and return) apply equally to both public and private companies? Is there is a logical minimum and maximum price when a target is bought by an acquirer? What are the impacts on these prices when the target is not liquid and/or there is a change in control between the target and acquirer? Next I tackle the big picture concepts of valuing the target considering valuation issues in both a public and private company setting. Is public company information relevant and useful to private company valuation? What are some other approaches to valuation beyond discounted cash flow? I explore these and other issues using “real life” data when Media General announced its acquisition of Meredith in September 2015.
Really nice to find this channel, thank you
You are a gifted teacher. Thank you for creating this video and sharing your knowledge.
Thanks and you are welcome. :)
☝
Thank you so much for dedicating time to make these videos. It was very useful.
Thank You. More clear now.
Thank you for taking the time to make this and post it. I'm forever greatful. The way you explained everything was magnificent. Thank you soooooooooo much!
My pleasure. :)
Hi sir I love your classes sir especially you on how the way you teach. I like the way that you're repeating over and over those important definitions and to specially make us understand the big picture. Sir could you please make more nuggets because it takes a lot of time watching the lectures . Thank you sir more power pleasr continue helping us .
God bless
thank you for the wonderful video! 😎😎😎
Due to sickness I had lost 2 weeks of my International Finance classes and lost track of the course, when I found your videos on IF I gave it a shot and thanks to your online teaching I passed my exams, so I need to thank you for your kind help! By the way the drawings we really nice too
Thank you again
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Thank you very much for this lesson, Mr Tompkins. I found it quite useful.
You are welcome. Glad it was useful.
Thank you!
Much appreciated for the content
+Grant X Your welcome.
I learned heaps from this video.
Great! Thanks.
Thanks 🙏
Mr. Tompkins, I went through the CMAP program at Kennesaw, and thoroughly enjoyed it. I have done a few DCFs since then on smaller deals ($1M to $3M EBITDA) and they come out extremely high. I have done quite a bit of research on risk premiums for company specific and for smaller businesses, but most of them give discount premium estimates for a small business as defined by the measure of a public company (still hundreds of millions of dollars in market share, and in those cases 3% to 5% size risk premiums). Do you have any guidance or resources you can share that assist with calculating risk premiums for the discount rate for very small companies? I have read several articles that indicate it isn't uncommon for a discount rate in the range of 25% to 30%+ for very small businesses. I just would like a more defined process for calculating that risk premium if one exists.
Thank you for taking time on this. How do you make and edit such a video. What apps and tools do you use. Id so much appreciate a feedback.
I think the tax computation is high when finding free cash flow..you should deducted interest to get taxable profit then add back interest..what do I know..I might be wrong😎
No worries...:) I do not like to answer questions on You Tube (poor teacher/watcher ratio)...but this issue is addressed in the "asset Investment decision" video....in case that is helpful...
Hi Sir. How are you??