Ethan Hitchcock

Manager | Keiter

Ethan H.R. Hitchcock is a Manager in Keiter’s Valuation and Forensic Services Department. He has over seven years of experience in financial consulting services. He specializes in valuation and forensic accounting, including financial investigations and litigation consulting services. He has qualified as an expert witness and testified in circuit court. He has performed over 500 valuation and forensic accounting projects.

His valuation experience includes buy/sell agreements; ESOPs; fairness opinions; financial statement reporting (purchase price allocation and goodwill impairment); mergers and acquisitions; purchase/sale of a security; stock-based compensation; taxation (estate, gift and income tax); stockholder disputes; divorce; and complex securities (e.g., preferred stock, convertible preferred stock, options, warrants, and stock appreciation rights).
His litigation consulting experience includes assisting clients with development of strategy; analyzing industries and markets; evaluating liability issues; assisting with discovery; developing alternative theories of damages; quantifying economic damages (e.g., lost profits, unjust enrichment, reasonable royalty, diminution of value); preparing demonstrative exhibits for trial; preparing expert reports; and analyzing opposing experts' damage models. Types of litigations in which he has served as a consultant include breach of contract, business interruption, fraud, intellectual property infringement (trade secrets, patents, copyrights, and trademarks), marital dissolution, post-acquisition disputes, professional malpractice, shareholder disputes, tortious interference, and wrongful termination.

His financial investigation experience includes assisting with planning the investigation; assisting with discovery and obtaining evidence (analysis of documents and searching of public records); performing computer forensic analysis to identify questionable transactions and to recover documents; quantifying damages; preparing demonstrative exhibits for trial; and preparing expert reports. Types of matters include employee embezzlement, management fraud, and investment scams.

He has served clients in a variety of industries including, but not limited to technology, financial, construction, healthcare, retail trade, manufacturing, distribution, wholesale, government contracting, and professional services.


The cost of capital is one the most important considerations in estimating value using the income approach. In this session, participants will learn the theory underlying the cost of capital, as More