by Simon Cook | Feb 19, 2026 | Business Valuation
Business Valuation and Add-backs Add-backs impact business valuation. Many business owners have a “number” in their head for what their business is worth. However, the raw EBITDA in the books may tell a different story. Add-backs in small owner...
by Simon Cook | Feb 4, 2026 | Blog, Business Valuation
Business Valuation – Income Approach Business valuers often use the Income Approach as the primary business valuation approach. However, this approach assume that the business is profitable or expects to be profitable in the future. Business Valuation –...
by Simon Cook | Feb 4, 2026 | Blog, Business Valuation, Valuing financial instruments
How to value ZEPOs in private companies for financial reporting? What are ZEPOs? ZEPOS are a type of call option issued under an Employee Share Scheme. A call option provides the owner the right (but not the obligation) to purchase an underlying asset at a fixed price...
by Simon Cook | Oct 28, 2025 | Uncategorized
Business valuation is linked to risk, and that risk is reflected in the cost of equity. The cost of equity is the return shareholders require. This article expores the costs of equity for 2025. Each year the “Dean of Valuation”, Professor Damodaran,...
by Simon Cook | Oct 28, 2025 | Business Valuation, Risk
Valuation risk and return are interrelated. That is because investors expect higher returns for increased risk. Higher returns reduce value. Increased valuation risk and increased expected returns The figure below summaries the expected returns for different classes...
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