how to best answer this application question? only, valuation, question, describe, position

koba

For an entry level/graduate position in M&A:

"How would you go about valuing a company?"

-What steps would you take to come to the valuation?
-What might impact a valuation that you reach for a company?



This is the only competency question in a set of 4 x 250 (word limit) application questions, so I want to show a degree of competency but at the same time i don't want to appear as though i have just copy/pasted from a finance text book.

Which valuations methods would you describe and in how much detail?

how about comparing Enterprise value to EBITDA and when one method might be superior to the other?