valuation art
DESCRIPTION
Part of a three part series of presentations to the Student Investment Club at the University of Florida entitled: Valuation - Art, Science and Voodoo.This part deals with the art of valuation including qualitative factors of valuation.TRANSCRIPT
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Valuation
The Introduction
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Valuation
• Art– Intangibles that make give the investment
value• Science–Determining the correct number by using
math• Voodoo–Making it fit in your portfolio
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The Set-Up
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Market
–Size–Growth– Competition– Segmentable
/ Reachable
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Management
– Proven–Full–Vested– Quality over
Quantity
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Momentum
– Partners–Management–Customers– Get promises
for something from somebody
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Money
– Financials
–Projections
–Funding Past & Future
–Are you looking for a dividend business or a capital growth business?
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Model
– Revenue Model
– Sales Model
– Value Chain
– Does it Scale?
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Magic
–Sustainable competitive advantage– Intellectual
property– Barriers to
entry
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Match
– Space – Stage–Round size–Diversify my
portfolio?
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Final Notes
• Everything is: – Personal– Relative
• And the true price of something is only as much as something is willing to pay for it!
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The End