Expert Opinion

Method at reason's disposal

Business and intangibles valuation

The correct measure of value – of the company as a whole and with respect to its parts – has always been a critical issue for entrepreneurs, managers and economists.

What are the real value drivers? What is their degree of interdependence or separability? Which is the most consistent and reliable measuring method?

Providing robust and authoritative answers to these questions has always been difficult, as no single, standardized solutions are available. The difficulties have recently increased, since intangibles - trademarks, licenses, sales networks or customer lists – are now regarded as the distinguishing elements of the competitive advantage; their pivotal role is also acknowledged in international accounting principles (IAS and impairment tests).

The complexity of the subject implies that no reliable result can be delivered without extensive skills and thorough insights.

Accounting and financial statement analysis, financial and statistical models, analysis of competitive scenarios, supply chains, consumer behavior and trust. The cross-industry and multidisciplinary experience and know-how of VVA Expert Opinion comes up with solutions that fit the objectives and features of each specific case. Where appropriate, we know how to go beyond traditional valuation approaches.

Some of the needs we address:

  • Measure the value of an enterprise or its parts for the purpose of transactions, company restructuring or accounting obligations (IAS)
  • Assess the strategic and financial sustainability of a company’s business model
  • Evaluate intangibles in order to apply international accounting principles, for the purpose of transactions or to determine royalties and arm’s-length transfer prices in the case of leasing and/or assignments
  • Determine strengths and weaknesses, growth potential and risks associated with intangibles to back strategic choices made by management