GuideBuying, selling and buyouts
How the premises lease affects what a business is worth
How the remaining lease term, renewal options, rent reviews, assignment consent, make-good and relocation or demolition clauses affect a business valuation.
Valuo Insights
All publications: page 2
66 publications, newest first. Browse a topic for a shorter list.
GuideFundamentals
How to normalise a working owner's salary in a business valuation
Why a valuation replaces what a working owner draws with the market cost of the roles they perform, including super, family payroll and evidence.
GuideFamily law and disputes
How to review a valuation report prepared for the other side
A practical checklist for reviewing a business valuation report prepared for the other party in a dispute or buyout, from the instructions to the equity bridge.
GuideFundamentals
How to value a business with negative or volatile earnings
Why a simple earnings multiple fails when profits are negative or erratic, and how the cause of the losses points to normalised earnings, DCF or net assets.
GuideFundamentals
How valuers choose a capitalisation multiple
For accountants: the evidence and reasoning behind the capitalisation multiple in a business valuation, how it links to a required return, and the risk factors that move it.
GuideBuying, selling and buyouts
Is a 25% shareholding worth 25% of the company?
Why a minority shareholding is not automatically worth its percentage of equity value, and how rights, agreements, control and liquidity shape the answer.
GuideBuying, selling and buyouts
Is stock included in a business valuation or added on top?
Whether stock is inside a business valuation or added on top, how plus stock at value sales work, and how slow and obsolete stock is dealt with at completion.
GuideFamily law and disputes
Letter of instruction for a business valuation expert: a checklist
A checklist for family lawyers instructing a single expert to value a business: what the Family Law Rules require, plus the valuation questions the letter should settle.
ReferenceFundamentals
Market value, fair value and special value: which standard applies?
A reference for lawyers and advisers: how market value, fair value and special value differ in Australian tax, accounting, takeover and shareholder agreement settings.
GuideFundamentals
Preparing a client's financials for a valuation: an accountant's guide
For accountants: how to prepare a client's figures for a business valuation, with a worked example from the tax return through add-backs to normalised EBITDA.
GuideBuying, selling and buyouts
Preparing for a buyer's due diligence
What a buyer and their accountant usually ask for in due diligence, why they ask, and what a seller should have ready before the business goes to market.
GuideBuying, selling and buyouts
Preparing for a shareholder or partner buyout
What both sides should settle before a shareholder or partner buyout: the agreement, valuation date and basis, the valuer, documents, loans, timing and funding.