Equity & Company Valuation
Valuation is the scientific estimation of the fair value of an asset, business or security. Its quality directly affects M&A transactions, IPOs, capital increases and financial restructuring — making it one of the most specialised areas of financial advisory.
Kahkeshan's Valuation Methods
1. Discounted Cash Flow (DCF)
The gold standard, based on projected free cash flows and a risk-adjusted discount rate.
2. Market Multiples
Peer-group comparison using ratios such as P/E, EV/EBITDA and P/S.
3. Net Asset Value (NAV)
Appropriate for holding companies, project funds and businesses with significant fixed assets.
4. Replacement Cost
Calculating the cost of recreating the company's assets at current prices.
5. Hybrid Approaches
Weighted combinations of multiple methods, calibrated to the business and the valuation purpose.
Applications
- M&A: establishing a fair transaction price
- IPO: offering-price determination
- Capital increase: pricing newly issued shares
- Restructuring: spin-offs and consolidations
- Litigation & arbitration: expert reports for courts and tribunals
What Makes Our Reports Stand Out
- Aligned with international standards (IVS, IFRS)
- Transparent, defensible and regulator-ready
- Includes sensitivity analysis and alternative scenarios
- Reviewed by a senior partner before release
A professional valuation report is the gold standard for supporting negotiations and stakeholder confidence.