Calculator
Business valuation calculator
Seven numbers from the accounts — and an indicative equity value by two methods, with the bridge from enterprise value to equity value. The same construction as a full valuation, only on figures from memory instead of the ledger.
Equity value
16,9m
Sensitivity to cost of capital ±1 pp: 15,9 – 18,1 m
- Income approach
- 19,5 m
- Market approach
- 18,0 m
- Enterprise value
- 18,9 m
- Bridge to equity value
- −2,0 m
The model discounts a cash flow calculated as EBITDA after tax less maintenance capital expenditure and the increase in working capital (assumed at 4% of revenue). The result is an estimate based on seven numbers — a real valuation requires normalising the result, reviewing contracts and checking source data.
I want this calculated properlyFrom method to equity value
Where the figure on the right comes from. Every step can be challenged on its own, which is the point.
An indicative tool: the result is an order of magnitude on your assumptions, not a valuation or tax, legal or investment advice. Data entered into the form is never sent or stored anywhere.
How it is computed
- 1Income approach (DCF) — weight 60 %Five forecast years: revenue grows at the assumed rate, EBITDA margin drifts linearly to the target. Cash flow = EBITDA after 19 % tax minus reinvestment of 4 % of revenue (without it the income approach overstates by half versus multiples — verified). Terminal value at 2.5 % growth. Discounted at the cost of capital (WACC).
- 2Market approach — weight 40 %EBITDA times the multiple you enter. For small and mid-sized private companies in Poland in 2025–2026 a typical indicative range is 3–6× EBITDA, depending on sector, scale and growth — a reference point, not a rule.
- 3EV → equity bridgeThe weighted average of both methods gives enterprise value (EV). Net debt is deducted from it — that is the indicative equity value. A full valuation adds debt-like items: leases, declared dividends, disputes, the working-capital gap.
- 4The rangeThe lower and upper bound are the same model with the cost of capital one percentage point higher and lower. If the range is wider than 30 %, the result depends mainly on WACC and that one number is worth agreeing first.
What is not here
- EBITDA normalisation — the calculator takes the number you enter; in a valuation every adjustment is numbered and justified.
- The asset approach — it needs a balance sheet, not seven fields; for a growing company it is a floor, not a valuation.
- Discounts for lack of marketability and for a minority stake — each can move the result by double-digit percentages.
Frequently asked questions
Is the calculator result a valuation?
No. It is an order of magnitude on your assumptions, without normalisation, without the asset approach and without discounts. It is for a conversation, not for a contract.
What cost of capital (WACC) should I enter?
For Polish mid-sized private companies in 2025–2026 typically 10–14 %: the smaller the company, the greater the owner dependence and client concentration, the higher. Check the result at two values — if the range is wide, that one number is the crux of the negotiation.
Why do DCF and the multiple give different results?
Because they measure different things: DCF — your forecast, the multiple — what the market paid for similar companies. A gap above 35 % signals that either the forecast is too optimistic or the multiple does not fit the sector. The calculator shows both separately precisely so the gap is visible.
Is my data stored anywhere?
No. The numbers stay in your browser. Analytics receives only the fact that someone used the calculator — no values. The “share” link carries the data in the page address, so send it only where you intend to.
Let’s talk about your situation
Write a few sentences about the company and the problem. I reply within two working days and the first conversation is free.
Write to me