BV549 Reaching an Equity Price with DealStats: A Case Study

Class Date/Time

Tuesday, April 15, 2025
1:00pm-2:30pm Eastern Standard Time

Registration Includes

• Access to virtual webinar via zoom will be accessible via education dashboard (login required)
• Electronic webinar handout(s)*

*Any webinar handouts will be made available to registrants the morning of the live event and made accessible via your education dashboard (login required). Once handouts have been posted for download, the class is no longer refundable. 

Continuing Education (CE) Credit

This webinar will award 1.8 CE/CPE hour(s) for the live event. 

If you are a designated member of ASA, CE credit will automatically be entered into your record after you participate in the live webinar and complete any required post-webinar components within the Course Wrap-up section.  

NASBA and Continuing Professional Education (CPE) Credit

Policies: ASA's Refund and Cancellation Policy and ASA's Complaint Resolution Policy. ASA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website www.learningmarket.org

CPE Credit: Up to (1.8) CPE credits
Program Level: Fundamental
NASBA Knowledge Type: Specialized Knowledge
Delivery Method: Virtual
Prerequisites: None
Advanced Preparation: None 

Webinar Description

This webinar will showcase how to determine equity value using DealStats multiples. It will cover the differences between asset sale MVIC prices and stock sale MVIC prices, and compare standard MVIC prices with the Pure Play MVIC Price. A case study will guide attendees through five methods to calculate the equity price of a hypothetical subject company, using a set of comparable companies. Additionally, we will compare the results from all five methods to highlight the differences in valuation outcomes. 

Instructional Methods

Methods include lecture, visual PPT presentation and polling questions. 

Course Audience

Business Appraisers

Learning Level 

Fundamental

• Brief introduction to DealStats data 
• Show differences between asset sales and stock sales 
• Compare standard MVIC prices to Pure Play MVIC price 
• Discuss the importance of having the same assets in the selling price of your comparable companies 
• Walkthrough general methodology for reaching an equity value using asset sales, stock sales, and Pure Play MVIC prices 
• Case study: Using mostly asset sales and a few stock sales, reach an equity price for a hypothetical subject company using five scenarios. 
  • Do not adjust any selling prices, apply median and harmonic mean multiple from set of transactions, use asset sale add backs to reach equity value 
  • Remove stock sale transactions, apply median and harmonic mean multiple to asset sales transactions, use asset sale add backs to reach equity value 
  • Separate asset and stock sales transactions, apply median and harmonic mean multiple from each set, use asset sale add backs for asset sales and stock sale add backs for stock sales to reach equity value 
  • Adjust stock sales to asset sale equivalent, apply median and harmonic mean multiple from set of transactions, use asset sale add backs to reach equity value 
  • Use Pure Play MVIC prices, apply median and harmonic mean multiple from each set, use Pure Play MVIC add backs 
  • Compare the results of the 5 methods 
  • Discuss pros and cons of each method 

Upon completion of this course, students will be able to:

• Introduce the differences between asset sale MVIC prices and stock sale MVIC prices in DealStats;
• Differentiate between Pure Play MVIC prices and standard MVIC Prices;  
• Explain the importance of understanding what assets and liabilities are included in the selling prices of your comparable company set;
• Provide a case study using five different methods to reach an equity price using a set of comparable asset sale and stock sale transactions;
• Review and compare the results of the five different examples; and 
• Summarize the pros and cons of each of the five methods.

eMaterials

All course materials included with you registration are PDF Download Only items made available to students prior to the start of the class and are not for resale or distribution. All downloadable materials are accessible via your education dashboard (login required). Once eMaterials have been posted for download, the class is no longer refundable.

Accessing eMaterials

eMaterials are provided electronically in PDF format and posted to the class the morning of the live event and listed within the education dashboard for all registrants to securely access prior to the start of the webinar. When opting to print downloadable materials, it is recommended that settings be adjusted to print in black and white (or grayscale) and consider printing double-sided on recycled paper.

Certificate of Completion

A certificate of completion will be available to view and/or download immediately via your education dashboard once all required components are completed.