MBAWare Enterprises, Inc. 4606 16th Street North Arlington, VA 22207 www.mbaware.com E-mail: firstname.lastname@example.org Business Valuation Software at MBAWare An accurate, up-to-date valuation is critical for any business. Some common us es for business valuations include: buying or selling a business; pricing shares for new investors; private company incentive and stock plans; evaluating business performance; litigation support and much more. Use the valuation software trusted for accurate, credible business valuations. We offer the ValuSource line of software that has been widely used for nearly 20 years by the customers who require the most accurate valuations available: CPAs and certified valuation analysts. ValuSource products are recommended by the most important professional organizations for valuations such as the AICPA and NA CVA. Whether you are valuing your own company or performing business valuation services for other companies, you need a solution where you can trust the results. Valuation Software Comparison Busine ss Express Busine ss ValuSource Pro Evaluation Valuation System s Pro General Information Purchased most by Business Brokers Accountants, Accountants, Cons ultants, M&A Cons ultants, M&A Specialists, Corporate Specialists, Corporate CFOs/Controllers CFOs/Controllers Ease of Use Simplest—limited Medium-High—requires Sophisticated—requires knowledge of an understanding of a more detailed financial financial financial statements statement and valuation statements and and valuation theory knowledge. valuation theory needed. Main purpose Basic business Business Valuation for Business Valuation for evaluation and deal firms of any size firms of any size terms—best for firms under $1 Used regularly for million. litigation support Financial modeling “Expert System” - User is more involved. Highly customizable and Program handles Limited customization high user involvement nearly all details available. on valuation det ails. Financial Statement Format/Chart Limited financial Standardized financial Fully Customizable of Accounts statement data statements with a few financial statements and used income statement line chart of accounts. items customizable User Interface Software - Standalone software, Standalone software, but Interview format but can switch into can easily switch into Excel mode. Excel mode for editing there. Valuation methods 11 Built-in methods 19 Built-in methods 19 Built-in methods including detailed MBAWare Enterprises, Inc. 4606 16th Street North Arlington, VA 22207 www.mbaware.com E-mail: email@example.com Busine ss Express Busine ss ValuSource Pro Evaluation Valuation System s Pro discounted cash flow projection method with line-by-line financial statement projections. Custom valuation methods can be created. Valuation Statistics Optional: Optional: Optional: Bizcomps statistics Bizcomps, Mid-market Bizcomps, Mid-market of 7,300 small comps, SBBI, IRS, Comps, SBBI, IRS, business. Mergerstat and RMA Mergerstat, RMA data data can be auto- can be auto-loaded Other data can be loaded manually entered Report writer Built-in 37 page Built-in 25+ page Can print all charts and report report. For more power, schedules. Optional optional Business Business Valuation Valuation Report Writer Report Writer for $395 for $395 ($100 ($100 discount). discount). Extensive functionality including hotlinks and templates. Assists in structuring deal terms Yes Limited Limited Geographic Use Nort h America International International Price $495 $595 $995 General Data Input Appraiser Information X X X General Business Profile X X Business Ownership and Shares X X Federal Tax Table X X Questionnaire topics include: X owner’s discretionary income; equipment; leasehold improvements; vehicles; supplies; rent; intellectual property; deal structure/financing; employee information; customer information; competitor information. Financial Statement Input Balance Sheet Standardized line items Detailed, customizable line items Income Statement Revenue, owner Standardized with Detailed, customizable discretionary some customizable line line items income items Cash Flow Statement Manually entered Derived Derived cash flow Summary Statements and Charts Yes Yes Created from financial statement input MBAWare Enterprises, Inc. 4606 16th Street North Arlington, VA 22207 www.mbaware.com E-mail: firstname.lastname@example.org Busine ss Express Busine ss ValuSource Pro Evaluation Valuation System s Pro Financial Statement Adjustments GAAP and other GAAP and other adjustments for Going adjustments for Going Conc ern, Liquidation Conc ern, Liquidation value value Historic Financial Statement Annual Annual plus partial Annual, partial year Periods current year can be annualized, quarterly, annualized monthly Analysis Functions Common Size Financial Statement Yes Yes trends wit h comparison to optional industry data Financial ratio trends with Yes Yes comparis on to optional industry data Financial ratio trend charts with 27 charts 24 charts comparis on to optional industry data Financial statement growth trends Yes Income Statement Analysis Multi-year averages, growth rates, margin analysis, return on average equity, benefit stream analysis Equity Analysis Reconciliation of equity, Shares Outstanding Appraisal/Valuation Adjustm ents Used for Various Methods Cont rol Premiums/Minority X X Discounts Marketability Discounts X X Company Specific Premium X X Asset Valuation Methods Book Value X X Adjusted Book Value: Going X X Conc ern Adjusted Book Value: Liquidation X X Value Incom e Valuation Methods Capit alization of Earnings 6 earnings bases 9 earnings bases, sensitivity analysis Summary Discounted Cash Flow 1 earnings base, 6 earnings bases, 4 9 earnings bases, 6 manual entry (e.g. methods of projecting projection methods, from business plan) earnings or manual sensitivity analysis entry (e.g. from business plan) Detailed Discounted Cash Flow Line by line projections MBAWare Enterprises, Inc. 4606 16th Street North Arlington, VA 22207 www.mbaware.com E-mail: email@example.com Busine ss Express Busine ss ValuSource Pro Evaluation Valuation System s Pro of balanc e sheet, income statement, capital expenditures, intangible assets and long term debt with a variety of relevant projection methods for each line item. Valuation on 9 earnings bases, sensitivity analysis. Capit alization of Excess Earnings 6 earnings bases 9 earnings bases, sensitivity analysis Market Methods Market: Price to Earnings X X Market: Price to Revenue X (with Optional X X BizComps) Market: Price to Assets X X Market: Price to Book Value X X Market: Price to Cash Flow Seller discretionary X X cash flow (with Optional BizComps) Market: Price to EBT X Market: Price to EBIT X X Market: Price to EBITDA X X Industry: Price to Earnings X X Industry: Price to Revenue X X Industry: Price to Book Value X X Industry: Price to Cash Flow X X Subject Company Trans actions X X Custom Methods Generat e your own valuation Default of 2 custom methods by customizing methods, more can be worksheets that can link to any added. data source in the program. Evaluation Methods Tangible Asset Value X Basic Method X Capit alization Method (ROI) X Critical Factors Method X Debt Capacity X Industry Method X National Method X Weighted Factors X Valuation Conclusions Weighting of each method X X X Rejection of some methods X X Chart of valuation conclusion X X X MBAWare Enterprises, Inc. 4606 16th Street North Arlington, VA 22207 www.mbaware.com E-mail: firstname.lastname@example.org Busine ss Express Busine ss ValuSource Pro Evaluation Valuation System s Pro Valuation of a partial share of the X X business Deal Structure/Sanity Checks Allocate purc hase price among X assets and liabilities Hypothetical Terms of Sale X X X Buyer’s and Seller’s Settlement X statement Post sale cash flow X X X Payback period X X Internal Rate of Return (IRR) X X X What-if performance and valuation X X Customization Customized worksheets/schedules 3 worksheets E very schedule is fully customizable Add worksheets/schedules X Delet e worksheets/schedules X Optional Data Sources Bizcomps (business sales under Auto-loaded Auto-loaded Auto-loaded $1 million) Mid-market comps (business sales Auto-loaded Auto-loaded from $1million to $100 million) RMA Annual Statement Studies Auto-loaded Auto-loaded (industry ratio data) SIC/ NAICS Dat abas e Auto-loaded Auto-loaded Mergerstat Control Premiums Auto-loaded Auto-loaded Mergerstat PE ratios Auto-loaded Auto-loaded Ibbotson SBBI Data for cost of Auto-loaded Auto-loaded Capit al IRS Corporate Ratios Auto-loaded Auto-loaded Pratt’s Stats Manual Manual IBA Ratios Manual Manual Mercer Capital Manual Manual Public and Privat e Transactions Manual Manual Analyst Data Manual Report Writer Included Included $395 optional Business Valuation Report Writer Auto-generat ed report that can be Yes Yes Yes with optional edited lat er in Word Business Valuation Report Writer Hot-linked cells, ranges, charts Yes Yes with optional Business Valuation Report Writer Customizable report contents Yes Yes with optional Business Valuation MBAWare Enterprises, Inc. 4606 16th Street North Arlington, VA 22207 www.mbaware.com E-mail: email@example.com Busine ss Express Busine ss ValuSource Pro Evaluation Valuation System s Pro Report Writer Customizable, reusable report Only with optional Yes with optional templates Business Valuation Business Valuation Report Writer ($395) Report Writer Support from wit hin Microsoft Word Only with optional Yes with optional for adding cells, ranges and charts Business Valuation Business Valuation from valuation schedules, including Report Writer ($395) Report Writer adding data only if a certain criteria is met.
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