The Valuation of a business by an expert, third party is an integral part of sound business decision-making when preparing to sell a business or planning for an estate.

RFA bases its Valuations on a combination of the following approaches:

Discounted cash flow
Comparative P/E multiples
Comparison of similar transactions
Value of assets (book, liquidation, replacement)
Dividend capitalization

To arrive at an independent conclusion of value, RFA considers (i) the nature and history of the business, (ii) economic and industry outlook, (iii) earnings history and forecast, (iv) dividend paying capacity, (v) goodwill and intangible assets, (iv) prior stock sales, and (vii) stock prices of comparative companies.

In addition to Valuations related to mergers and acquisitions, RFA provides valuation studies for a variety of purposes including Employee Stock Ownership Plans, minority interest acquisitions, recapitalizations and reorganizations buy-sell agreements, stock repurchases and establishing values for warrants, options, and convertible securities.  The Valuation study is presented in a comprehensive report that includes a description of the company, financial analysis, economic and industry overview, description of the methodologies used and the conclusions reached.