Valuation & Capital Structure

A company's intrinsic value underpins crucial corporate decisions, influencing everything from capital-raising strategies to M&A moves. Our valuation services transcend the typical application of financial methods like DCF and EBITDA multiples, leveraging a holistic toolkit of valuation techniques to assess a company’s worth comprehensively.

We often utilize a net asset value (NAV) or sum-of-the-parts (SOTP) methodology, valuing the client’s assets and liabilities independently to determine the fair market value of the company’s consolidated assets, debt, equity, and NAV per share. This method provides a robust reference point and a deep understanding of the client’s business, enabling us to model and assess the pro forma effects of planned transactions and future events.

Forecasted earnings and liquidity are integrated into our valuation services to calculate weighted average cost of capital (WACC) and liquidity/solvency ratios. For clients with rated debt, we adopt calculation methodologies that align with the major rating agencies (Moody’s, S&P, etc.) and the client's covenant metrics to assess the pro forma impact of planned corporate transactions, capital markets activities and external events or conditions.