Business and asset valuation
Business and asset valuation for transactions, reporting and investment decisions
Independent valuation of businesses and assets, including shares and participatory interests, financial assets, commercial and residential real estate, machinery and equipment, vehicles, intangible assets, early-stage projects and leasehold rights.
The value of a shareholding depends on the rights it carries: a controlling shareholding gives control over the company's cash flows, while a minority shareholding gives only a share in them, so the value of one share differs from one shareholding to another.
Synergy Audit carries out valuations for transactions, corporate decisions and reporting
Buying and selling a business
Supporting the price of a transaction with a shareholding or participatory interests, including on the basis of due diligence
Raising investment
Pre-money and post-money valuation of the company to determine the investor's stake and the entry terms
Corporate actions
In-kind contributions, share redemptions and reorganisations under the Civil Code of the Russian Federation and Federal Law No. 208-FZ "On Joint-Stock Companies"
Withdrawal of a participant from an LLC
Determining the actual value of the participatory interest, the part of the company's net asset value proportional to the size of the interest (Article 14 of Federal Law No. 14-FZ "On Limited Liability Companies")
Financial reporting
Purchase price allocation (PPA) and goodwill impairment testing under IFRS 3 and IAS 36 for IFRS financial statements
Taxes and disputes
Confirming the market price of shares, interests and property for tax purposes and supporting value in litigation
Businesses are valued in accordance with Federal Valuation Standard FSO No. 8 "Business Valuation". The income approach discounts cash flows under a reasoned forecast. The market approach uses guideline public company and guideline transaction multiples (EV/EBITDA, P/E and others). The cost approach uses the adjusted net asset method, restating assets and liabilities to market value. For a shareholding or participatory interest, a control premium and discounts for lack of control and lack of marketability are taken into account.
The valuation report is prepared under Federal Law No. 135-FZ "On Valuation Activities in the Russian Federation" and federal valuation standards and sets out a reasoned conclusion of value with supporting analysis for transactions and decisions.