The purpose of the valuation largely determines the approach. Where necessary, we normalize historical results and take an explicitly forward-looking view. In practice, we combine multiple methods to increase the reliability of the outcomes. The DCF method is future-oriented and makes the underlying value drivers visible. The EBITDA multiple is faster and in line with market practice, but less suitable for unique or rapidly growing companies. A scenario analysis provides a range when the future is uncertain. We explicitly map out the value drivers and support the outcome with a sensitivity analysis of the critical assumptions.

We tailor the reporting to the objective—an indicative memo, a formal report, or an expert opinion with clear substantiation that also stands up externally: with the buyer, the bank, the tax authorities, or the court. This gives you more than just a number: insight into what your company is worth, why, and which elements you can influence to increase that value.