i would like to write an essay about how to valuate a non listed company. one of the challenges i thaught about are : liquidity issues, need to use a discount when using multiples. but concerning the capm model and to determine the beta can anyone tell me how should i compute it.
tks

Question

i would like to write an essay about how to valuate a non listed company. one of the challenges i thaught about are : liquidity issues, need to use a discount when using multiples. but concerning the capm model and to determine the beta can anyone tell me how should i compute it.
tks

anonymous · Answer

I think this would help http://people.stern.nyu.edu/adamodar/pdfiles/papers/pvtfirmval.pdf & http://people.stern.nyu.edu/adamodar/pdfiles/papers/liquidity.pdf

anonymous · Answer

wow that so helpful. so many thanks to you :)