An experienced business valuator uses a variety of techniques and approaches to replicate how the market will view value of a business. A thorough understanding of the particular business (its operations, management and financials) and in-depth research into the market for industry transactions are all required in order to arrive at a defensible conclusion of value.
Our professionals have completed literally hundreds of business valuation assignments for a variety of purposes, including:
- tax planning/compliance
- succession
- purchase/sale (M&A)
- shareholder disputes
- marital dissolution
- financial reporting
In our experience, the key to our successful valuation practice is four-fold:
- sifting through a collection of data on the business, industry research and market evidence;
- modelling future valuation scenarios in an uncertain and dynamically changing industry and economic environment;
- being able to conclude on a supportable and defensible valuation;
- and finally, communicating to clients and other stakeholders the results of our work in an understandable (yet technically proficient) manner.
Our most senior professionals also have experience in preparing expert reports and testifying as expert witnesses in a variety of litigation and investigative disputes, such as shareholder dispute, expropriation, breach of contract, tort and marital dissolution. Financial expert reports can cover a wide range of business disputes, from valuation, loss quantification, forensic accounting and determination of guideline income for support purposes.
Valuation Reporting – Alternatives
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Level of valuation
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Comprehensive Opinion
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Pricing Analysis (M&A)
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Estimate
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Calculation
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Level of assurance
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Highest
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Moderate, with limitations
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Moderate, with limitations
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No assurance – ballpark
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Level of analysis, investigation and corroboration
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Extensive and in-depth
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Moderate, but includes some industry research and consideration of possible strategic buyer premium.
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Moderate, but includes some industry research.
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Limited and no industry research
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Appropriate or best use
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Trial and other contentious or high-risk matters.
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M&A planning or negotiations
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Planning, income tax compliance and/or small business
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Preliminary estimates, income tax compliance and/or small business
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Reporting
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Comprehensive detailed report/schedules along with summary presentation
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Summary presentation & schedules
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Detailed report along with summary presentation
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Brief report
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Estimated fees
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Highest
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Less than Comprehensive
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More than Calculation
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Lowest
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