A valuation you can put your name on.

When you are buying, selling, financing or contesting a price, the number has to hold up. Get a transparent, independent valuation and a written conclusion you can defend in front of a counterparty, an investment committee or an auditor.

An asset valuation answers one question with a number you can defend: what is this worth, and why. We build a transparent model (discounted cash flow, market and transaction multiples and scenario analysis) with every assumption in the open, and a written conclusion that states the value, the range around it and the few inputs that move it. The work is independent and by Tom Pickel, CAIA, who has valued and analyzed assets for institutions for 12+ years. You are the only one who pays us, so the number serves your decision and no one else's.

What the valuation includes

A model you can open, question and defend, not a single number with no workings behind it.

A transparent model

Discounted cash flow, market and transaction multiples and a scenario analysis, weighted to fit the asset and built so every line is visible and yours to challenge.

Every assumption in the open

The growth, margin, discount rate and exit assumptions stated explicitly, each with the source and the reasoning behind it, so nothing is hidden in a formula.

A scenario and sensitivity range

Base, downside and upside cases, and the handful of inputs that actually move the value, so you see the range and not a false-precision point.

A written conclusion

A clear statement of value and the range around it, written to hold firm in front of a counterparty, an investment committee or an auditor.

Who this is for

  • You are buying or selling a company, an asset or a stake and need a defensible price
  • You are financing, refinancing or contesting a valuation and need an independent number
  • A board, investment committee or auditor needs a valuation it can rely on

What you receive

  • A transparent valuation model (DCF, multiples and scenarios)
  • A written conclusion stating the value and the range around it
  • The assumptions and sensitivities that drive the result
  • A number you can defend, documented and owned by you

How it works

  • Send the financials and the context for the decision
  • We agree the approach and the assumptions that matter
  • You receive the model and the written conclusion

What this is and is not. This is an independent professional valuation for your decision, paid for only by you. It is not a fairness opinion, a statutory or court appraisal, an audit opinion or regulated investment advice. Where a formal regulated opinion is required, engage a licensed provider and use this work to go in informed. We value the asset on the materials you provide and state plainly where the data limits the conclusion.

Common questions

What valuation methods do you use?

Discounted cash flow, market and transaction multiples and scenario analysis, weighted to fit the asset and the decision. The method is always transparent and every assumption is visible and open to challenge.

What can you value?

Companies, business units, equity stakes and cash-generating assets, private or public. For a non-traded private deal offered to a private investor, the alternative investment review is the better fit.

Will the valuation hold up with an auditor or a counterparty?

That is the point. The model is transparent, the assumptions are stated and the conclusion is written to be defended in front of a counterparty, an investment committee or an auditor. It is an independent professional valuation, not a formal audit opinion.

Is this a fairness opinion or a statutory appraisal?

No. It is an independent professional valuation for your decision, not a fairness opinion, a statutory appraisal or regulated investment advice. Where a formal regulated opinion is required, engage a licensed provider and use this to go in informed.

What do you need from me?

The financials, any existing model or offer and the context for the decision. The more complete the materials, the sharper the valuation.

For a single high-stakes call that goes beyond price, see the investment decision memo. To weigh a fund or private strategy, see alternative investment analysis, or for a private deal offered to you, the alternative investment review. See the full advisory practice.

Put a number you can defend on the table.

Send the financials and the context for the decision. You get a clear next step and an independent valuation you can act on.

Request a valuation