Valuing shares, businesses, assets and intangible assets
Valuation is a complex and sometimes controversial subject. It requires in-depth understanding of the market, the asset and its competitors, together with financial and non-financial information, as well as factors such as the legal and regulatory environment.
Effective valuation advice combines the right blend of analysis, experience and professional judgment.
Who we are
Our Valuation group includes qualified CAs, MBAs and CFA Charter holders from a variety of backgrounds who bring to bear their qualifications and experience for the benefit of our clients.
What we do
We have extensive experience of valuing shares, businesses, tangible and intangible assets in a variety of commercial and contentious contexts. Our commercial perspective is supported by technical rigour, in addition to the insights and experience gained from performing numerous major assignments in the South Africa and internationally every year.
In addition to providing stand-alone valuation advice, we work closely with our industry and technical specialists across our four service lines – Audit, Tax, Consulting and Corporate Finance – to deliver an integrated solution tailored to our clients’ needs.
How we can help
Our team can assist your business wherever a question of valuation arises, including the following examples:
- Business Enterprise and Equity valuations
We perform valuations of business enterprises, ordinary and preference shares, partnerships, options and other derivative instruments.
- Fair and Reasonableness opinions
We specialise in providing independent fair and reasonable opinions which are required in terms of both JSE (related party transactions and share issues at a discount) and SRP rules (change of control).
- Purchase price allocation
We value intangible assets for financial reporting purposes [International Financial Reporting Standards 3 (IFRS)] relating to an acquisition.
- Cost of capital calculations
We can develop a cost of capital rate including a cost of equity and a cost of debt.
- Option valuation
We make use of complex models to value derivatives or options. Typically we value share options for listed shares and employee share option schemes.
- Intangible asset valuation
We employ systematic well established approaches to measure accurately and manage effectively various categories of intangible assets. These categories typically include brands, trademarks and licences.
- South African Reserve Bank (“SARB”) valuation
We provide limited assurance valuation reporting for SARB purposes where transactions involve non-Residents.
- Model reviews
We review complex business models, largely Excel-based, for logical compilation and mathematical accuracy.
For more information about our services, please contact Lwazi Bam on +27 (0) 11 209 8807.
