Heidi Walker (Fannon Valuation Group), speaking on BVR’s webcast yesterday focusing on transaction databases, reminds users that “equity price” on Done Deals doesn’t quite mean what most appraisers think it does. If no debt is assumed, invested capital price equals equity price…so we have to remove debt from our subject company.
Because all of Done Deals transactions come from SEC filings, Walker recommends that you always go back to the purchase price allocation information to see what assets transferred.
For more information on the webinar, “Putting Transaction Databases to Work”, click here.
Please let us know
if you have any comments about this article or enhancements you would like to see.