Sample business valuation report: what the PDF memorandum contains
A commissioned valuation is $199, one-time and self-serve, and the result is ready in under 10 minutes. You receive a PDF memorandum like the one below: a VA Range with bear, base and bull equity values, a VARI reliability score, and every method's output with the sources behind it. The editable Excel model is included on Pro. The sample company, Kestrel Managed Services, is illustrative, not a real business.
Where can I find sample business valuation reports online?
Right here. The complete Value Alpha sample memorandum is embedded further down this page, and the outline below follows the same table of contents the memo prints. It is the full PDF memorandum a commissioned valuation produces, with the VA Range, the VARI reliability score and every method's exhibits intact; the sample company is illustrative.
Cover: concluded equity value range
Page one carries the VA Range (bear, base and bull equity values), the VARI valuation reliability score out of 100, a valuation summary exhibit plotting each method's mid against the concluded range, and the company profile.
Discounted Cash Flow
Free cash flows are projected over the forecast window and discounted at the stated WACC, a terminal value captures the business beyond the explicit forecast, and cash and debt bridge enterprise value to equity value.
Comparable Companies
The peer set, the trading multiples each peer carries, and the equity value those multiples imply for the subject company.
Precedent Transactions
Closed deals in the same industry, their transaction multiples, and the value they imply when applied to the subject's financials.
Methodology & Blend
How the methods are weighted into the headline range, with weights set by data quality, peer availability and method fit for the industry.
Scenario Analysis
Each case re-runs the full valuation on a distinct assumption set (conservative, base and optimistic), flexing growth, margin and discount rate.
Asset-Based Value
What the business is worth on its assets alone as a downside anchor: adjusted net assets and the asset-based floors, including a forced-sale liquidation case.
Financial Statements
The income statement, balance sheet and cash flow statement as provided, plus the normalization from reported EBITDA to adjusted earnings.
Risk Factors & Limitations
The factors that could move the concluded range, tabled as key risks, each tied to the method it would move.
Appendix · Basis & Sources
The financial statements basis, the documents relied upon, the data sources behind the comparables and precedents, and the analyst adjustments entered by the preparer.