BVX Income Approach
last modified
2006-02-01 21:47
Contributors:
Strategic Benchmarking
Business ValueXpress (BVX) uses basic principles of finance. However, it differs from traditional valuation in its assumption of how capital markets function. Unlike traditional valuation, BVX does not assume constant capital structure and continuous debt refinancing. Instead, BVX assumes that debt has priority over equity and has to be repaid. This is a market reality in leveraged transactions.
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