Multiple Valuation of non-Listed Enterprises From the Health Care Branch - Concept and Analysis

Seminar paper from the year 2009 in the subject Business economics - Investment and Finance grade: 11 European Business School - International University Schloß Reichartshausen Oestrich-Winkel language: English abstract: The valuation of companies is one of the key issues facing corporate finance applications today. In practical business several methods of valuation compete with each other. Aside from the discounted cash flow method the valuation of companies with multiples is one of the most common methods used (Lie & Lie 2002 p. 44). (...) The aim of this paper is on the one hand to give sound insight in multiple theory and on the other hand to value a privately held small- and medium-sized enterprise (SME) in the hospital sector using multiples.