Analysis of the business model and risks
Analysis of market positioning, markets, performance drivers, and key risks, based on financial information and discussions with management.
Company Valuation
Business valuation based on a multi-criteria analysis. Intervention in transactional, tax, or litigation contexts, as well as within an accounting or reporting framework.
When is a company valuation necessary?
Company valuation involves determining the value of a business using appropriate financial methods.
It is required in particular for transactions, capital reorganisations, calculating the NAV of investment funds, impairment testing, shareholder disputes, tax audits, or litigation.
METHODOLOGY
Valuing a company requires understanding its business model and placing it within its environment, taking into account its asset position, growth prospects, and projected profitability.
Implementation of valuation methods
Application of appropriate valuation approaches: DCF, revalued net asset value, listed company and transaction comparables, cost approach, and analysis of transactions in the company's share capital, with cross-checking of results.
Analysis of valuation parameters
Assessment of key assumptions (WACC, growth, margins) and inclusion of discounts or premiums depending on the context (minority stake, liquidity, holding company).
Formalisation of conclusions
Presentation of the work in a structured report setting out methods, assumptions, and conclusions, usable in negotiations, legal proceedings, or accounting documentation.
Value results from cross-checking several approaches (DCF, listed comparables, comparable transactions, etc.) and depends on the context. Determining a price may also involve analysing liquidity, negotiating position, potential synergies, and other factors.
Each method has its own advantages and limitations. Cross-checking approaches provides a better understanding of the value attributed to a company and supports the valuation range adopted.
In the event of a transaction, tax payment, shareholder disagreement, tax audit, or litigation requiring a well-reasoned and documented analysis. It is also required in accounting contexts (impairment testing, PPA) and financial reporting (calculating the NAV of investment funds, investor communications).
We define the schedule in our engagement proposal, following an initial analysis of the company and its context.
WHAT WE OFFER
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Robustness of the valuation
Assessment based on recognised methods and assumptions consistent with the market.
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Independence of the analysis
Acting as an independent expert, ensuring an objective assessment of value.
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Credibility of conclusions
Structured, well-reasoned work that can be used by parties, advisors, or courts.
