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Valuation Services for the Transportation Industry

How We Can Help

The Valuation practice of Deloitte Financial Advisory is deeply experienced in the performance of complex assignments for clients in the transportation industry. The cornerstone of our leadership role in the transportation arena is our willingness to strategically invest in a team of professionals dedicated to this industry. This commitment has allowed our team to develop a breadth and depth of industry experience in a variety of key transportation sectors. The following list provides a representative sample of our recent engagements.

Our practice has valued assets for businesses in the following sectors:

  • Aviation
  • Commercial Transportation
  • Passenger Vehicle Portfolios
  • Rail
  • Shipping

Our practice has valued a variety of assets including:

  • Aircraft
  • Airports
  • Bridges
  • Bus Maintenance Facilities
  • Coal Cars
  • Freight Locomotives
  • Marine Terminals and Ports
  • Passenger and Freight Rail Systems
  • Passenger Vehicles
  • Rail Cars
  • Rail Infrastructure
  • Rail Maintenance Facilities
  • Rail Marshalling Yards
  • Ships
  • Toll Roads
  • Trucks
  • Tunnels

Aviation

Valuation of Wizz Air

Deloitte performed valuation of Wizz Air in Hungary to determine the fair market value of the Company and the Employee Share Options provided by the Company. The analysis was prepared for IFRS reporting purposes. To estimate the fair market value of the company we applied the income based approach and the market approach. The value of the options was calculated by using the binomial and Black-Scholes model.

Scandinavian Airport

Deloitte performed a study of a major airport in Scandinavia. Our study included the following: detailed replacement cost analysis, operational revenue and cost analysis, highest and best use evaluation, which included feasibility analysis and valuation, and alternate operator and user analyses. The facility included runways, terminals, parking structures, miscellaneous office buildings, land improvements, power facilities, and telecommunications equipment.

Rail

Valuation of the fixed assets of Latvian Railways

Deloitte performed estimation of the fair market value of the fixed assets and property of the company in order to assist management and the government in establishing a balance sheet value of the assets. Through this valuation, the railway company was able to establish an asset depreciation base that contributed information related to developing a tariff structure for the railway.

Municipal Passenger Rail Infrastructure Systems

Deloitte performed studies of several major municipal passenger rail infrastructure systems in Europe. Our studies included economic and regulatory studies, a detailed historical construction cost and current replacement cost analysis, operational revenue and cost analysis, and alternate operator and user analysis. The assets analyzed included grading, trackage (ballast, ties, and rail), railroad civil structures (bridges, tunnels, and viaducts), railroad facilities (rolling stock storage and maintenance facilities), passenger terminals, electrical distribution equipment, and signalization and telecommunications systems. We have performed rail infrastructure valuation work for municpal passenger systems in the following countries:

  • Austria: 60 kilometers of track infrastructure
  • Belgium: 300 kilometers of track infrastructure
  • Germany: 1,000 kilometers of track infrastructure

Toll Bridges, Roads, and Tunnels

Greek Toll Road Project

Provided a feasibility analysis for a toll road in Greece. At the time of our analysis, this highway represented the largest construction project undertaken in Greece. When complete, the road will span the entire width of northern Greece from the Aegean Sea coast in the west to the Turkish border in the east. We assisted the agency developing the toll road by identifying and evaluating various means of commercial use of the road. In addition to capitalizing on the road facility itself, we also assisted in feasibility analysis for commercial land uses along the roadway.