Business ValueXpress® (BVX^®)
In 2001, after 10 years of research, Mike Adhikari introduced Business ValueXpress (BVX), a valuation software and a transaction analysis tool with interactive what-if capability. BVX is a new paradigm in valuation objectivity. Its objectivity comes from eliminating theoretical errors in conventional methods. These errors are the use of weighted average cost of capital (WACC) as the discount rate and the capitalization formula to calculate terminal value. Both WACC and capitalization assume that equity holder has the same right to cash flow as debt holder and that debt can be continuously refinanced. In addition, conventional methods ignore debt-service. BVX addresses these issues by using financial statements to determine cash flow to equity and then using DCF to calculate value. In BVX value depends on capital structure and financing markets. (Visit www.BusinessValueXpress.com for an article on WACC).

BVX objectivity helps narrow gap between buyer and seller in a logical manner. It has a highly intuitive and interactive interface that virtually eliminates training and learning curve. Its unique capabilities are value maximization, optimal debt/equity determination; asset vs. stock purchase valuation; impact of financing (cost of capital, amortization and availability) and S Corp. vs. C Corp. valuation.