17.15. Submenu: Company Evaluation

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Description

Leanus allows you to calculate Equity Value and Enterprise Value both with income method (Multiple EBITDA) and assets; Furthermore, for each analysis it makes an *estimate

The Leanus Evaluation is carried out using an algorithm that takes into account all the calculation methods Pfn and Ebitda and a parametric analysis based on a multiple value of 7. The user can intervene both on the calculation methods of Pfn and Ebitda, both on the value of the multiple and obtain a personalized evaluation of Enterprise Value and Equity Value

The calculation of Equity Value and Enterprise Value is available in the following menus:

• Financial Statement Analysis (for the analysis of company value on historical data)
• Benchmark (for comparing the business value of two or more competitors)
• Business Plan (for the analysis of company value on prospective data)
  

For the calculation of the Enterprise Value com Income method you use the formula

• Enterprise Value = EBITDA Multiple X
• Equity Value = Enterprise Value - Pfn

The reference values ​​used automatically are:

• Ebitda = the value reported in the Income Statement possibly adjusted by the user through the adjustment menu (See Rating / Company Evaluation / Numerical Analysis)
• Pfn = the value reported in the Balance Sheet possibly adjusted by the user through the adjustment menu (See Rating / Company Valuation / Numerical Analysis)
• Multiple = preset value = 7. The preset reference value can be modified by the user through the menu Rating / Company Evaluation / Numerical Analysis
  

Procedure

Calculate the equity value and the enterprise value
Log in to Leanus
Search or Process company analysis of your interest
Verify that the Leanus reclassification schemes are complete (green triangle) and consolidate your analysis model by making any changes to the reclassification or adjustments
Go to Financial Statement Analysis » Company Valuation » Numerical Analysis
Click on + placed next to each accounting period
Enter yours hypothesis, edit the multiple, correction the ebitda, enter the market value of balance sheet items
Update
For Graphic analysis Go to Financial Statement Analysis » Company Valuation » Graphic Analysis

NOTE: WELL:
STEP 2
If you want to use the standard settings go to step 8 (The Equity value calculated with the equity method will be, in the absence of adjustments, equal to the carrying amount of the net equity)

STEP 6
Any adjustments made to the EBITDA and in general in this menu, have no effect on the analyzes of the other areas of the software with the exception of the Menus
Competitive Positioning »Company Evaluation» Present Numerical Analysis and Business Plan »Company Evaluation» Numerical Analysis