Company valuations

The aim of each corporate evaluation is to provide a reliable basis for what is often a far-reaching decision, whether for the purchase or sale of a company or an investment, as a fairness opinion or as part of succession arrangements.

Today, an evaluation is usually based on an adequate mix of the following methods: discounted cash flow, adjusted present value, market multiples, transaction multiples. Depending on the initial situation, net asset value, liquidation value or other methods may also be used.

However, sound valuation is more than just juggling numbers. It is based on an understanding of the industry and the business, detailed knowledge of the various methods used and many years’ experience. We not only produce state-of-the-art valuations, but we have also been teaching valuation at universities and business schools for years. 

Selected references / Further references