Chris Hamilton recently published an article in “Financial Valuation and Litigation Expert,” a technical journal for experts on valuation, forensic/fraud and litigation services.  In most business valuations, two elements drive value and are the focus of attention. One is the risk rate. The second element, and the focus of this article, is the benefit stream.  Whether using the capitalization of earnings methods or the discounted future earnings methods, adjustments to net income are usually made to arrive at a long-term cash flow available to equity benefit stream.  (read full article)