The Final Report

One or two complete document packages are typically prepared for a given client. Each of the packages contains the Market Value and Profit Sources Analysis Documents, plus all the respective support, background and other material resources. This allows one package to be forwarded to the client and one package to be retained by the client's agent/CPA, for their file. This report typically consists of between 80 to 100 pages.

When the project is initially discussed, clients will often authorize a Base Valuation which considers their current situation (most recent year end), a 5 Year Analysis (second valuation based upon 5 years of financial input), and/or a Proforma Valuation. A Proforma considers a past or projected up-coming year of the firm as its basis for financial performance. The Proforma (a complete additional valuation) provides a "future business worth estimate" illustrating graphically how initial, interim and/or longer term financial investment(s) become manifest in the operation's growth and related fair market value. When an HBVS Base Valuation and Proforma is used as a part of a lender's input criteria for a given candidate business venture, it allows for a more comprehensive risk/reward funding decision.

Also, P/E Ratios are calculated on final values and noted in the accompanying cover letter. (Not P/Es in the 20s typical in post IPO scenarios, but P/Es based upon the real net profit to value relationship, and contingent bottom line investment opportunity.)