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    Valuation Isn't Exact Science.
    But It Must Be Transparent.

    Every valuation method tells a different story. The art lies in choosing the right method for your context and critically interpreting the results.

    Methodologically sound. Sector-specific. Transparent.

    Why valuations so often lead to conflict

    I receive a purchase offer based on multiples but don't understand whether the multiple is appropriate.

    I have two valuation opinions that diverge by 40% and don't know which is correct.

    I want to have my company valued, but the valuation firm doesn't know my industry.

    I'm negotiating a purchase price and need robust arguments for my price expectation.

    Does this sound like your situation?

    Let's clarify in a free initial consultation whether and how we can help.

    The four standard methods at a glance

    Business valuation uses four core methods: (Discounted Cash Flow) values future cash streams, multiples compare with market transactions, the earnings value method capitalises sustainable earnings, and the asset value method sums up asset values. Each method has strengths and weaknesses. In practice, at least two methods are combined to determine a valuation range.
    In regulated industries (energy, concession holders), sector-specific valuation approaches are necessary that account for regulated revenues and concession terms.

    Our valuation approach

    01

    Financial analysis

    Cleansing and normalisation of financial metrics: one-off effects, owner adjustments, working capital analysis.

    02

    Method selection

    Selection of appropriate valuation methods based on industry, business model and transaction context.

    03

    Sensitivity analysis

    Calculation of valuation ranges with variation of core parameters: growth, margin, discount rate.

    04

    Valuation opinion

    Transparent opinion with method presentation, assumptions, sensitivities and recommendation.

    • Financial analysis with normalisations
    • Multi-method valuation opinion
    • Sensitivity analysis and ranges
    • Negotiation support for price discovery

    Typical valuation results

    2-3

    Methods per opinion

    20-40%

    Typical valuation range

    5-8x

    EBITDA multiple range (DACH)

    < 3 wks

    Opinion turnaround

    Ranges dependent on industry, size and earnings profile.

    What happens without sound valuation?

    • Overpayment: Buyers without their own valuation rely on seller figures and systematically overpay.
    • Undervaluation: Sellers without an opinion give away value because they don't know their own position.
    • Negotiation disadvantage: Without robust valuation, the argumentation basis for price negotiation is missing.
    • Wrong structure: Without understanding value components, the wrong transaction structure is chosen.

    Frequently asked questions about valuation methods

    Further reading

    Do you know what your company is worth?

    Start with our free calculator or commission a professional opinion directly.

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