Independent Valuations
A defensible valuation built to hold up in front of a buyer, a lender, a board, or a regulator.
Our view
A valuation is not a number. It is an argument for a number. The figure matters far less than whether it holds up when a buyer, a lender, a board, or an examiner pushes on the assumptions behind it. We build valuations to be defended, grounding every key assumption and testing the range, so the opinion survives the room rather than simply arriving in it.
When this is the work
When the number has to hold up under scrutiny.
A transaction, a raise, a buy-sell, or an audit needs an independent opinion that survives questioning. We build it to be defended, not just delivered.
- A transaction, raise, or buy-sell needs a defensible number
- A board or auditor needs an independent opinion
- A dispute or compliance need requires defensibility
The Ore to Edge Discipline
The same three-phase discipline on every engagement, adapted to the demands of this work. See the full discipline.
Assay and refine
- Partner: understand the business and normalize its financials with a quality-of-earnings lens
- Collect: market and transaction comparables, precedents, and the discount-rate environment
- Filter: the assumptions that actually move the number
Normalized financials and the assumptions that drive value
Alloy and form
- Apply the three approaches: income (DCF), market, and asset
- Run sensitivity, scenario, and Monte Carlo analysis where warranted
- Frame the value thesis and the range
A defensible value range across all three approaches
Forge and hone
- Deliver the written opinion and the model behind it
- Stand behind the number under scrutiny and re-value on material change
A written opinion that holds up with a buyer, lender, or auditor
What you get
A number you can take into the room.
- A defensible valuation opinion
- The full model and assumptions
- A number that holds up under questioning
Common questions
Independent Valuations, in plain terms.
What are the three approaches to valuation?
The income approach, typically a discounted cash flow; the market approach, using comparable companies and transactions; and the asset approach, based on net asset value. A credible valuation weighs all three and explains which carries the most weight and why.
Why do I need an independent valuation instead of doing it myself?
Independence is what makes the number defensible. A valuation prepared by someone with a stake in the outcome invites challenge. An independent opinion, built to professional standards, is what a buyer, board, auditor, or court will actually rely on.
What drives the difference between two valuations of the same company?
Assumptions, mostly: the discount rate, growth expectations, normalization adjustments, and the comparables selected. That is why we surface and defend the assumptions that move the number rather than burying them.
Will the valuation hold up in a dispute or an audit?
That is what defensible means. We document the basis, the approaches, and the assumptions so the opinion can be explained and supported under questioning, whether the questioner is a counterparty, an auditor, or a court.
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