Sample Appraisal Report

A typical appraisal report is divided into many sections and usually considers the following areas:

• The history of the Company and the nature of the business.
• General economic outlook and the outlook of the particular industry.
• Book value of the stock and the financial condition of the business.
• Earnings capacity of the Company.
• Dividend paying capacity.
• Whether the enterprise has goodwill or other intangible value.
• Sales of stock and the size of the block to be valued.
• Market prices of stock of other comparable companies traded on exchanges.

Here are links to the following sections:

1. INTRODUCTION AND SUMMARY
2. VALUATION CONSIDERATIONS AND OTHER FACTORS
3. DESCRIPTION
4. VALUATION
5. INCOME STATEMENT
6. BALANCE SHEET
7. HISTORICAL AND PROJECTED CASH FLOW
8. RISK ASSESSMENT, COMPARATIVE ANALYSIS
9. APPROACHES TO VALUE
10. MARKET DATA
11. CAPITALIZATION RATES AND MULTIPLIERS
12. COMPUTATION OF VALUE
13. ADJUSTMENTS TO VALUE
14. CERTIFICATION
15. SOURCES OF INFORMATION
16. CONDITIONS AND ASSUMPTIONS
17. QUALIFICATIONS