{"id":44199,"date":"2019-04-01T00:00:00","date_gmt":"2019-03-31T22:00:00","guid":{"rendered":"https:\/\/techma.bakertilly.es\/aspectos-criticos-de-una-valoracion-de-empresas\/"},"modified":"2024-09-13T10:18:28","modified_gmt":"2024-09-13T08:18:28","slug":"critical-aspects-of-a-company-appraisal","status":"publish","type":"diccionario","link":"https:\/\/techma.bakertilly.es\/en\/como-hacer\/aspectos-criticos-de-una-valoracion-de-empresas\/","title":{"rendered":"Critical aspects of a company valuation"},"content":{"rendered":"<p>In order to achieve a good and realistic valuation, there are certain critical aspects of a company valuation that need to be treated with great care.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"1024\" height=\"844\" src=\"https:\/\/techma.bakertilly.es\/wp-content\/uploads\/2022\/11\/risk-assessment-graph-chart-spreadsheet-table-word-1024x844.jpg\" alt=\"Critical aspects of a company valuation\" class=\"wp-image-54679\" title=\"\" srcset=\"https:\/\/techma.bakertilly.es\/wp-content\/uploads\/2022\/11\/risk-assessment-graph-chart-spreadsheet-table-word-1024x844.jpg 1024w, https:\/\/techma.bakertilly.es\/wp-content\/uploads\/2022\/11\/risk-assessment-graph-chart-spreadsheet-table-word-300x247.jpg 300w, https:\/\/techma.bakertilly.es\/wp-content\/uploads\/2022\/11\/risk-assessment-graph-chart-spreadsheet-table-word-768x633.jpg 768w, https:\/\/techma.bakertilly.es\/wp-content\/uploads\/2022\/11\/risk-assessment-graph-chart-spreadsheet-table-word-1536x1266.jpg 1536w, https:\/\/techma.bakertilly.es\/wp-content\/uploads\/2022\/11\/risk-assessment-graph-chart-spreadsheet-table-word-2048x1688.jpg 2048w, https:\/\/techma.bakertilly.es\/wp-content\/uploads\/2022\/11\/risk-assessment-graph-chart-spreadsheet-table-word-15x12.jpg 15w, https:\/\/techma.bakertilly.es\/wp-content\/uploads\/2022\/11\/risk-assessment-graph-chart-spreadsheet-table-word-600x495.jpg 600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Risk Assessment Graph Chart Spreadsheet Table Word<\/figcaption><\/figure>\n\n\n\n<p>Get to know the vast world of <span style=\"text-decoration: underline;\"><a href=\"https:\/\/techma.bakertilly.es\/en\/business-valuation\/\" data-type=\"URL\" data-id=\"https:\/\/techma.bakertilly.es\/valoracion-de-empresas\/\">company valuation<\/a><\/span> with our financial academy <strong>HowTo<\/strong>.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_83 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Contents\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/techma.bakertilly.es\/en\/como-hacer\/aspectos-criticos-de-una-valoracion-de-empresas\/#Aspectos_fundamentales_para_valorar\" >Fundamental aspects to assess<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/techma.bakertilly.es\/en\/como-hacer\/aspectos-criticos-de-una-valoracion-de-empresas\/#%C2%BFCuales_son_los_aspectos_criticos_de_una_valoracion_de_empresas\" >What are the critical aspects of a company valuation?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/techma.bakertilly.es\/en\/como-hacer\/aspectos-criticos-de-una-valoracion-de-empresas\/#A_Implicacion_de_la_empresa\" >A) Involvement of the company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/techma.bakertilly.es\/en\/como-hacer\/aspectos-criticos-de-una-valoracion-de-empresas\/#B_Multifuncional\" >B) Multifunctional<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/techma.bakertilly.es\/en\/como-hacer\/aspectos-criticos-de-una-valoracion-de-empresas\/#C_Estrategica\" >C) Strategic<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/techma.bakertilly.es\/en\/como-hacer\/aspectos-criticos-de-una-valoracion-de-empresas\/#D_Remuneracion\" >D) Remuneration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/techma.bakertilly.es\/en\/como-hacer\/aspectos-criticos-de-una-valoracion-de-empresas\/#E_Analisis_historico\" >E) Historical analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/techma.bakertilly.es\/en\/como-hacer\/aspectos-criticos-de-una-valoracion-de-empresas\/#F_Tecnicamente_correcta\" >F) Technically correct<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Aspectos_fundamentales_para_valorar\"><\/span>Fundamental aspects to assess<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>First and foremost, it is important to know that the valuation is <strong>a dynamic process<\/strong>, in which different hypotheses are made and as more information is obtained or the company or industry is better known, adjustments must be made.<\/p>\n\n\n\n<p>Any change that may affect the company or the sector must be included. In other words, when making models, you should start with drafts and improve them until you get very realistic models.<\/p>\n\n\n\n<p>Having explained this, the following sections should be emphasized:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%C2%BFCuales_son_los_aspectos_criticos_de_una_valoracion_de_empresas\"><\/span>What are the critical aspects of a company valuation?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"A_Implicacion_de_la_empresa\"><\/span>A) Involvement of the company<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p><strong>The company must be a participant<\/strong> in the process. It should not be a mere spectator that only offers the annual accounts, it should help to offer its vision of the sector, of the company and collaborate at all times to identify those crucial aspects of the company that only they know.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"B_Multifuncional\"><\/span>B) Multifunctional<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>In the process of valuation <strong>should not only involve financial management<\/strong>. The managers of the different departments must enrich the process with the know-how of the department to which they belong.<\/p>\n\n\n\n<p>In this way, it is possible to have <strong>a real image<\/strong> of what is happening in each department and how they may operate in the future.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"C_Estrategica\"><\/span>C) Strategic<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The estimation of cash flows must be carried out <strong>should be done taking into account the strategy<\/strong> of the company to be valued. It cannot focus solely on an analysis of the sector, but this analysis should serve as a benchmark to see if these objectives or strategies are viable and to look for possible reliability problems.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"D_Remuneracion\"><\/span>D) Remuneration<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Executive compensation must be linked to the <strong>achievement of objectives.<\/strong> set out in the projection, in terms of sales, growth, market share, etc., so that the strategic objectives are aligned with the remunerations to promote their achievement.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"E_Analisis_historico\"><\/span>E) Historical analysis<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The following must be performed <strong>a historical analysis of forecasts and actual situations<\/strong>, by focusing on the cause of the deviations produced, seeing how the company's competitive strategy has worked and assessing the consistency of the forecasts.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"F_Tecnicamente_correcta\"><\/span>F) Technically correct<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The technique applied in the valuations must be <strong>correct<\/strong>, which means that great care must be taken when performing:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Flow calculations.<\/li>\n\n\n\n<li>The appropriate treatment of risk in the <a href=\"https:\/\/www.investopedia.com\/terms\/w\/wacc.asp\" data-type=\"URL\" data-id=\"https:\/\/www.investopedia.com\/terms\/w\/wacc.asp\" target=\"_blank\" rel=\"noreferrer noopener\">WACC<\/a>.<\/li>\n\n\n\n<li>Consistency of flows and rates used.<\/li>\n\n\n\n<li>Calculation of residual value.<\/li>\n\n\n\n<li>Treatment of inflation.<\/li>\n<\/ul>\n\n\n\n<p>Since once the financial projections have been made, these are the most relevant points, great care must be taken, since a small variation in these projections could result in a significant reduction of the financial projections. <strong>can have a major impact on<\/strong> the final evaluation.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Looking to maximise the value of your company? Let us help you!<\/strong><\/p>\n\n\n\n<p>At Baker Tilly Global Deal Advisory, we are experts in business valuation. Whether you are considering selling, buying or attracting investments, our specialist valuation team offers you customised and accurate solutions.<\/p>\n\n\n\n<p><strong>Why Choose Us?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Global Experience:<\/strong> We have a global team with experience in a wide range of sectors.<\/li>\n\n\n\n<li><strong>Advanced Analysis:<\/strong> We use the latest Data Analytics tools to provide you with detailed, data-driven analysis.<\/li>\n\n\n\n<li><strong>Personalised approach:<\/strong> We consider both quantitative and qualitative financial variables to provide you with a complete and accurate valuation of your company.<\/li>\n<\/ul>\n\n\n\n<p><strong>Boost the Value of your Company Today!<\/strong> Don't wait any longer to discover the true value of your business. Our team of experts is ready to help you make informed and strategic decisions.<\/p>\n\n\n\n<p><a href=\"https:\/\/bakertillygda.pipedrive.com\/scheduler\/42JEbRUd\/baker-tilly-consulta-valoracion-de-empresas\" data-type=\"link\" data-id=\"https:\/\/bakertillygda.pipedrive.com\/scheduler\/42JEbRUd\/baker-tilly-consulta-valoracion-de-empresas\" target=\"_blank\" rel=\"noopener\">Contact Us Now<\/a><\/p>","protected":false},"author":8,"featured_media":0,"template":"","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"tags":[155,1270,153,702],"paso-howto":[2227],"sectores":[],"class_list":["post-44199","diccionario","type-diccionario","status-publish","hentry","tag-corporate-finance-spain","tag-experto-en-valoracion-de-empresas","tag-global-corporate-finance","tag-valoracion-de-empresas","paso-howto-venta-valoracion"],"acf":[],"_links":{"self":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/diccionario\/44199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/diccionario"}],"about":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/types\/diccionario"}],"author":[{"embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/users\/8"}],"wp:attachment":[{"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/media?parent=44199"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/tags?post=44199"},{"taxonomy":"paso-howto","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/paso-howto?post=44199"},{"taxonomy":"sectores","embeddable":true,"href":"https:\/\/techma.bakertilly.es\/en\/wp-json\/wp\/v2\/sectores?post=44199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}