BV818-CON Estimating Long Term Growth Rates

CE 1 | BV

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Session Description

Terminal Value estimates used in the discounted cash flow (DCF) method often account for the largest percentage of the total indicated value and are highly influenced by growth rate expectations  Typical formulation of DCF requires an estimate of the expected organic growth rate of the subject business as it exists on the valuation date. Session will present new empirical research on organic industry-level growth rates – growth rates actually realized over the long-run with effect of acquisitions removed. In addition, we will present empirical data on how profitability changes as growth in revenues change.

Speaker Information

Roger Grabowski, FASA, Managing Director | Duff & Phelps
Ashok Abbott, Ph.D., Associate Professor of Finance | West Virginia University

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Disclaimer: The opinions expressed in this presentation are that of the presenter(s) and do not necessarily reflect the views and opinions of the American Society of Appraisers.

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