Valuation Handbook

The handbook is written for owners of small and mid-sized companies who want a sound understanding of what their business is worth — whether in preparation for a succession, a financing, a change among shareholders, or simply to take stock. It is equally suited to tax advisers, lawyers and management consultants who support clients on valuation questions and need a concise methodological overview.

No prior knowledge of valuation is required. The material is structured so that you can follow each method step by step, apply your own figures and assess the result in a measured way.

At the centre stand the five valuation methods most relevant in practice — from the multiples approach through discounted cash flow to the net asset value and capitalised earnings methods. You will understand when each method is appropriate, which data it requires, and how to avoid the typical pitfalls.

The handbook also addresses the qualitative value drivers — customer structure, owner dependency, scalability, competitive position — and works through a fully calculated case study showing how EBITDA, multiple and net debt yield a transparent equity value. Worksheets and test questions with solutions make the material directly applicable.