Value can be determined by forecasting cashlows and the growth rate,  
as well as comparing similar businesses to triangulate the value.

Value more specifically can be identified by:
- contracts that can be transfered
- relationships that can be leveraged
- brand
- tangiable assets

It's hard to value intangiable assets and goodwill objectively (hence  
why the accounting standards don't recognise them unless you actually  
paid cash to acquire a business). But like any other business, it's  
fundamental valuation comes from the  cashlows.

So the question is: how much money can this business generate? And how  
much of it can be done (or only done) with the current staff of the  
business. If you can work that out, you've got half a Discounted  
Cashflow Model (a tool used to value companies).

Sent from my iPhone

On 08/06/2009, at 2:01 PM, Mick Liubinskas <[email protected]> wrote:

>
> Any thoughts on valuation ranges for services based businesses?
>
> x-y times revenue?
>
> w-v times ebit?
>
>
> >

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