Finder.Corporate Finance

Business valuation for strategic and shareholder decisions.

Finder values companies, businesses and projects using discounted cash flow and market multiples, with explicit assumptions, scenarios and a report that shows how the value was reached.

The result is a well-supported value range, to negotiate, decide or monitor holdings with numbers that stand up to the other side of the table.

Request a valuation See what you receive

When it makes sense

When you need to know what it is worth, and why.

Shareholder entry or exit
A technical basis for buying or selling a stake.
Equity fundraising
The value behind the investor conversation and the dilution of the round.
Acquisition, merger or sale
How much to pay or ask, and what explains the gap between the parties.
Group reorganization
The value of each business in groups, holdings or spin-offs.
Succession planning
A value reference for decisions among family members and partners.
Portfolio monitoring
Periodic updates of the value of holdings for funds and holding companies.

What you receive

Explicit methodology, documented assumptions and a value range.

Discounted cash flow

Value based on the business's own cash generation. The primary method when projections are sound.

Free cash flow projection
Cost of capital (WACC or cost of equity)
Terminal value and explicit horizon

Market multiples

Value by comparison with similar companies and transactions, as a reference and cross-check.

EV/EBITDA, EV/Revenue and sector metrics
Available trading and transaction comparables
Adjustments for size, liquidity and risk

Other methods, where relevant

For cases in which cash flow or multiples do not tell the whole story.

Adjusted net assets
Sum of the parts, for diversified groups

Diagnosis and normalization

The starting point: historical results cleaned of one-off effects.

Review of financial statements
Non-recurring adjustments
Net debt and non-operating items

Scenarios and sensitivity

How much the value moves when the assumptions that matter move.

Base, downside and upside cases
Sensitivity to discount rate and growth
Reconciliation between methods

Valuation report

The document that supports the decision and the negotiation.

Methodology, assumptions and sources
Results and value range
Limitations of the analysis
Editable model, where in scope

Finder's valuations are economic and financial analyses to support decisions and negotiations. Valuations required for specific legal, tax, accounting or regulatory purposes may carry their own requirements and signatories, which are assessed case by case before engagement.

Point of view

Value is a range, not a number.

Every valuation rests on assumptions. The job is to make clear which ones move the value, by how much, and what would have to happen for the value to be different.

That is what makes a negotiation productive: instead of arguing over the final number, the parties discuss the assumptions, one at a time.

Growth: how much, and for how long.
Margins: what is sustainable.
Risk: the rate that reflects the business.
Terminal value: what lies beyond the horizon.

How we work

From valuation date to report.

Purpose and date
What the valuation is for, who will use it and the date value is measured.
Diagnosis
Historical financials, normalization of results and debt position.
Projections
Growth, margin, capex and working capital assumptions, agreed with management.
Calculation and scenarios
DCF, multiples, sensitivities and reconciliation.
Report and discussion
Presentation of results and of the assumptions that weigh most on value.

Frequently asked questions

What clients usually ask.

DCF or multiples: which valuation method is better?

Usually both. Discounted cash flow captures what is specific to the business: growth, margins, investment and risk. Multiples show how the market prices similar companies.

When the two methods point to very different values, explaining that gap is often the most useful part of the valuation.

What information is needed to value a company?

Financial statements for recent years, the latest management accounts, the debt position, the budget or business plan if there is one, and corporate information. Operating data helps calibrate the assumptions.

Can a valuation support a negotiation between shareholders?

Yes. It gives the parties a common technical basis and shows which assumptions explain the gap between their expectations. In transactions, Finder also supports deal modeling and negotiation, alongside each party's lawyers.

Is there a standard revenue multiple for my sector?

There is no single multiple. It varies with sector, margins, growth, size and market conditions, and two companies with the same revenue can be worth very different amounts. A multiple is a reference, not a substitute for analyzing the business.