What are the three ways of evaluating a company?

1. DCF 2. Precedent transaction (mult) 3. Publicly traded comparables (mult)

Asset Approach - used to estimate enterprise and equity value. Start with the balance sheet, Identify unrecorded assets and liabilities. Market Approach - how these pricing multiples are determined. Income Approach - Net operating income (I) ÷capitalization rate (R) = value (V)