如何评估一家公司：企业估值过程的深入指南（英）.pdf

How To Value A Company: An In-Depth Guide To The Business Valuation Process 2021 WHAT IS CB INSIGHTS? CB Insights helps the world’s leading companies make smarter technology decisions with data, not opinion. Our Technology Insights Platform provides companies with comprehensive data, expert insights and work management tools to drive growth and improve operations with technology. SIGN UP FOR A FREE TRIAL Table of Contents What is a valuation? 4 • Data used to determine valuations • Who uses business valuations? How to value a company 8 • Methods for post-revenue companies • Methods for pre-revenue companies Selecting a business valuation method 19 Determining if a company is over or undervalued 20 • Examples of overvalued companies • Examples of undervalued companies Where to find valuation data 27 • Public filings (S1, IPO, government filings) • Actuals and estimates (through CBI Dow Jones VentureSource data) • Whisper valuations Trusting the market 32 How To Value A Company: An In-Depth 3 Guide To The Business Valuation Process In this report, we explore what data is needed to value a company, how to spot undervalued or overvalued businesses, and which valuation methods to use. Both a science and an art, valuing a business is notoriously hard. But knowing a company’s value is crucial. Business valuations help venture capital (VC) firms track their portfolio performance, mergers and acquisitions (MA) teams analyze acquisition targets, and entrepreneurs raise money. In this report, we explore how to value a company, whether it’s public or private, pre-r