GuideFundamentals
Adjusting profit when the business rents from the owner
How profit is normalised when a business pays an owner's related entity more or less than market rent, with a worked example and the evidence a valuer needs.
Valuo Insights
All publications
66 publications, newest first. Browse a topic for a shorter list.
ReferenceFundamentals
Business valuation glossary
Plain explanations of the terms used in Australian business valuations, each linked to a worked example or deeper guide.
DownloadTools and checklists
Business valuation preparation pack
Document checklists by business type and a briefing template that an owner completes with their accountant before a valuation starts. Free, no email needed.
ExplainerProperty
Business valuation, property valuation, or both?
When you need a business valuation, a property valuation or both: freehold going concerns, SMSF premises, family law, business-only sales and CGT on property.
ToolTools and checklists
Capitalised earnings sensitivity table
See how a range of capitalisation multiples, which you supply, changes an earnings-based value, and the capitalisation rate each multiple implies.
GuideFundamentals
Choosing the valuation date and valuing a business at a past date
Why the valuation date matters, who or what sets it, and how a business is valued at a past date using only what was known or reasonably foreseeable then.
ToolTools and checklists
Earnings normalisation worksheet
Adjust reported profit for owner remuneration, personal expenses, related-party rent and genuinely non-recurring items, over up to three years. Download it as an Excel workbook.
ToolTools and checklists
Enterprise value to equity value calculator
Bridge from enterprise value to equity value with surplus cash, debt, debt-like items and a working capital adjustment, with every formula shown.
GuideFundamentals
How cash, debt and debt-like items change what the shares are worth
How surplus cash, borrowings and debt-like items such as unpaid tax, leave and shareholder loans move a business value to a share value, with a worked bridge.
GuideFundamentals
How dependence on the owner affects business value outside healthcare
How reliance on the owner's relationships and skills affects what a trades, consulting or service business is worth, with a dependence scorecard and transition steps.
ExplainerResearch and evidence
How much weight completed sales, asking prices and valuation opinions carry
Why a completed arm's length sale, an advertised asking price and another valuer's opinion are different kinds of market evidence, and how to weigh each one.
GuideFundamentals
How relying on a few large customers affects business value
How dependence on a few large customers affects maintainable earnings and value, how valuers reflect the risk, and what owners can do before a sale.