About us

Activities

About us

Activities

Valuation

Enterprise value

The question of what a business is worth arises at various moments: in preparation for a sale, during a transfer within the family or to management, when an investor comes on board, or as a starting point for strategic decisions. In addition, an independent valuation is often required in a tax or legal context, such as a shareholder dispute, divorce, inheritance, or a dispute with the Tax Authorities.

Valuation is as much an art as it is a science. The value of a company is different for every party: where a financial investor sees risks, a strategic buyer sees opportunities through synergy. Future expectations are by definition uncertain, and special circumstances, cyclical results, dependency on the director-major shareholder (DGA), customer concentration, or an ongoing dispute often make a standard approach inadequate. The choice of method and assumptions has a major impact on the outcome.

Valuation

Enterprise value

The question of what a business is worth arises at various moments: in preparation for a sale, during a transfer within the family or to management, when an investor comes on board, or as a starting point for strategic decisions. In addition, an independent valuation is often required in a tax or legal context, such as a shareholder dispute, divorce, inheritance, or a dispute with the Tax Authorities.

Valuation is as much an art as it is a science. The value of a company is different for every party: where a financial investor sees risks, a strategic buyer sees opportunities through synergy. Future expectations are by definition uncertain, and special circumstances, cyclical results, dependency on the director-major shareholder (DGA), customer concentration, or an ongoing dispute often make a standard approach inadequate. The choice of method and assumptions has a major impact on the outcome.

Valuation

Enterprise value

The question of what a business is worth arises at various moments: in preparation for a sale, during a transfer within the family or to management, when an investor comes on board, or as a starting point for strategic decisions. In addition, an independent valuation is often required in a tax or legal context, such as a shareholder dispute, divorce, inheritance, or a dispute with the Tax Authorities.

Valuation is as much an art as it is a science. The value of a company is different for every party: where a financial investor sees risks, a strategic buyer sees opportunities through synergy. Future expectations are by definition uncertain, and special circumstances, cyclical results, dependency on the director-major shareholder (DGA), customer concentration, or an ongoing dispute often make a standard approach inadequate. The choice of method and assumptions has a major impact on the outcome.

What you can expect

The valuation process

The purpose of the valuation largely determines the approach. Where necessary, we normalize historical results and emphatically look forward. 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 market-compliant, 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 provide the outcome with a sensitivity analysis on 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.

Why Maasdael?

Several advisors have completed the postgraduate program in Business Valuation at the Rotterdam School of Management, and we are affiliated with the Netherlands Institute of Register Valuators (NIRV). Consequently, we are regularly engaged by courts and lawyers for expert opinions in complex disputes. This knowledge is not detached from practice. Our valuations are inextricably linked to our transaction practice: we know what a valuation actually does in a negotiation. This is how we combine theory and practice in a single advisory. Theoretically correct and practically realistic.

Our approach is personal and no-nonsense. In family transfers and disputes, where emotions play a role, professionalism and humanity go hand in hand with us.

Want to know more about the enterprise value of your business?

Erik van 't Hoog is happy to help you.

Want to know more about the enterprise value of your business?

Erik van 't Hoog is happy to help you.

Want to know more about the enterprise value of your business?

Erik van 't Hoog is happy to help you.