Service

Business and company valuation

Three methods computed independently and reconciled to one figure, with an explicit bridge from enterprise value to equity value. For owners, shareholders and investors — Warsaw and all of Poland.

When a valuation is needed

Selling the company or a block of shares — to enter negotiations with your own number, not the buyer’s.
Investor entry or buying out a partner — two sides, one model, explicit assumptions.
Succession, asset division, family foundation — a value a notary, a bank and the tax office will accept.
A dispute over value — when a valuation prepared by one side does not convince the other.
A board decision: whether an investment, an acquisition or a tax regime change raises the value of the company or only its revenue.

How I work

1Source data, not the seller’s deckRegistry filings in machine-readable form, ledger exports, contracts, time records. If something is missing, I say so at the start, not in the summary.
2Normalising the resultOne-off events, related-party transactions, owner remuneration, private costs in the company. Every adjustment has a number, an amount and a rationale — both sides can argue each one separately.
3Three methods, three independent resultsA five-year DCF with terminal value and a sensitivity test on the cost of capital. Transaction multiples with a discount for lack of marketability. Adjusted net assets, also in a liquidation variant.
4EV → equity bridge and reconciliationFrom enterprise value I deduct net debt, debt-like items and the working-capital gap. Method weights follow the company’s profile — not an equal split out of habit.
5A document you can put on the tableWorkbook, report and presentation state the same figure. The model recalculates when assumptions change, so “what if” can be checked in the meeting instead of promised for tomorrow.

What you get

An Excel model on live formulas: assumptions in one place, three methods, the EV → equity bridge, sensitivity tables.
A report describing every adjustment and its basis, the method weights and the source of every figure.
A presentation for the meeting with a partner, investor or bank — in Polish, English or French.
A conversation after reading: what can be challenged, what is solid, where the negotiating room lies.

Before you get in touch

You can get the order of magnitude yourself — the valuation calculator on this site uses the same construction (DCF and multiples, bridge to equity), only on seven numbers instead of full financial statements. The calculator result is a starting point for a conversation, not a valuation.

Business valuation calculator

Frequently asked questions

How long does a valuation take?

Usually two to four weeks from receiving the complete data. Most of the time goes not into computing but into normalisation and questions about what sits behind the line items.

What data is needed?

Financial statements for three to five years (ideally the XML files filed with the registry), a trial balance for the latest period, a list of material contracts, information on debt, leases and related-party transactions, and a budget or forecast if one exists.

Is the valuation sufficient for court, a bank or the tax office?

The document describes methods, assumptions and sources in a way that allows verification — the standard banks and investors expect. If proceedings require a court-appointed expert, I will say so before the work starts.

What is the difference between enterprise value and equity value?

Enterprise value (EV) is the value of the whole business to all providers of capital. Equity value is what remains for the owners after deducting net debt, debt-like items and the working-capital gap. The price in a share purchase agreement is for equity, so the bridge between the two is part of the valuation, not a footnote.

Do you work for the buyer or the seller?

For one side in a given transaction, on source data. The model and adjustments are documented so the other side can verify them — that usually shortens negotiations more than a higher or lower number would.

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