Valuo Insights
66 publications, newest first. Browse a topic for a shorter list.
GuideBuying, selling and buyouts
A checklist for lawyers drafting the valuation clause in a shareholders agreement: standard of value, date, discounts, loans, valuer appointment, process, costs and deadlock.
GuideFundamentals
Why a valuation must say whether it values the business assets, a company's shares or a trust's units, and what comes across to the buyer in each case.
GuideTax, CGT and restructures
For accountants: how assets are valued and which entities are counted for the $6 million maximum net asset value test, with a worked calculation across connected entities.
GuideFamily law and disputes
How a valuer tests claims that a business has unrecorded cash takings or runs personal expenses through its books, and why ATO benchmarks are a cross-check, not proof.
GuideTools and checklists
What an accountant should agree with the valuer before a business valuation starts: purpose, date, interest, basis of value, scope, access and independence.
ReferenceFundamentals
One hypothetical business valued four ways: capitalised earnings, discounted cash flow, net assets and market evidence, with the assumptions and limits of each.
ResearchResearch and evidence
A research programme on Australian private business transaction evidence. The methodology, evidence standards and data sources are published; findings are released only when licensed data supports them.
GuideFundamentals
A practical test for which costs can be added back as genuinely one-off when a business is valued, and which so-called one-offs keep coming back.
GuideFundamentals
Goodwill is what is left after the identifiable net assets are taken from the value of the whole business: how it is worked out, when it is nil, and an example.
GuideFundamentals
When a discounted cash flow valuation suits a private business and when it is unreliable, with a decision table and a worked sensitivity on growth and discount rates.
GuideFundamentals
When net assets, not earnings, set a business's value: the realisation floor, plant valuations, economic obsolescence and freehold property, with an example.
GuideFundamentals
Last year, an average, a weighted average or a forecast: how the pattern of a business's results decides which earnings figure a valuation should rely on.
