Valuation of company and enterprise

Valuation of a company, enterprise, and organized part of an enterprise is our oldest service, provided continuously since 1995.

Our methodology considers legal requirements and standards of conduct applicable to the valuation of capital instruments. We refer to international valuation standards adopted by the International Valuation Standards Council, including IVS 105 “Valuation Approaches and Methods”, IVS 200 “Business and Business Interests”, and RICS Valuation – Global Standards.

In the case of innovative startups, we consider the provisions of the International Private Equity and Venture Capital Valuation Guidelines.

In controlled transactions, we follow the transfer pricing practices established as part of the work of OECD, BEPS, and JPTF in the Transfer Pricing Guidelines and relevant legal regulations.

In the practice of valuing capital instruments, the following are usually used: the Discounted Cash Flow (DCF) method in the income approach, the CTM (Comparative Transaction Method) method in the market approach and the NAV (Net Asset Value) Adjusted Net Assets method in the cost approach, as well as simplified / specific methods used by VC funds when valuing startups.

In many cases, we use financial models processed using simulation analysis to more precisely take into account the uncertainty resulting from information conditions, to make the analysis of the sensitivity of the valuation result to the variability of assumptions more realistic, and to generate a range of the value of the valuation result with a specific level of confidence.