When valuing a business, there are three key valuation methods that are generally accepted:
- 资产估价法– calculates the value of tangible and intangible assets
- 贴现现金流量分析– determines the present value of future opportunities or cash flow
- 利润资本化– multiplies a business’ adjusted net profit before tax by a capitalisation factor, which is specific to each business and that particular point in time.
Different methods can be used for valuing different types of businesses.
If a business is heavily reliant on fixed assets, such as a machinery hire business, then using the 资产估价法 可能是最适用的吗. This method simply values the assets of the business at current market value and places no reliance on turnover, profit or goodwill of the business.
If a business is larger and more firmly established with fairly steady growth history to use as the basis for projections of future growth, 然后一个 贴现现金流量分析 could be used to value the business. The main weakness of using this method is the sensitivity to the forecasts and assumptions used in the valuation. Even small adjustments can cause a discounted cash flow valuation to vary widely.
利润资本化 is the most commonly used method for most business valuations. This method assumes the business is a going concern and establishes a value for the business in its current form, based on adjusted earnings (ie determines the goodwill of the business). The valuation does not incorporate future growth.
This valuation method is based on the profits (before interest and tax) generated by a business over the most recent relevant years, 通常是最近三年, adjusted for non-commercial transactions. A business capitalisation rate (profit multiple) is 然后一个pplied to determine the business valuation. 到这个数量, the other tangible and intangible assets of the business (net of applicable liabilities) are added to the business valuation to arrive at the total value of the enterprise. This value is divided by shares on issue to determine the share value for a company or units on issue to determine the unit value for a trust.
估值 of your business can be used for many reasons, the most common being:
- 出售业务
- Transferring shares/units in order to implement succession planning
- Insurance requirements for shareholder agreements
- 婚姻财产
作为一个企业主, knowing the current value of your business and subsequently how to improve the value of your business, is key to ensuring your business value is optimised when the time comes to move on. 请 speak to your local Accru advisor to discuss your business valuation options in more detail.
Think of selling your business or wanting to know how much it is worth? Accru have the knowledge and experience to help. 请 澳门赌场官网 your local office and see how Accru can help your business.
