The Trifecta of Value: Cash Flow, Risk, and Growth
Nobody really needs it, but almost everybody knows E=MC²—Einstein’s formula for relativity. It’s a concept that sticks, even if most people don’t fully understand it. The same could be said about valuing companies. From Discounted Cash Flow (DCF) models to multiples-based approaches and asset valuations, countless methods claim to crack the code for determining value. […]
Angels & Advisors
Recent discussions with German M&A firms show that the number of SME deals have significantly dropped in the last few months. A survey in May showed that 85% got stalled or stopped. Partially because business plans have turned havoc with Corona, partially because price expectations have diverged. Any other reason also works for an explanation. […]