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M&A

What is your company worth?

A first orientation in two minutes. The calculator uses common sector EBIT multiples and accounts for the factors buyers actually negotiate over.

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Bank debt less freely available cash. A negative figure means net cash.

Revenue growth over recent yearsdeclining … double-digit

average

Share of recurring revenueproject work … contracts

average

Independence from the ownerowner is the business … second tier carries it

average

Customer concentrationone key account … well diversified

average

Margin stabilityvolatile … predictable

average

Second management tiernone … established

average

Order book / pipelineunder 3 months … over 12 months

average

Supplier and sourcing risksingle source … replaceable

average

Capex needs / asset conditionbacklog … modern

average

Digitalisation & processesspreadsheets … integrated systems

average

Site, permits & ESGopen issues … clean

average

Quality of accounts & documentationpatchy … audited

average

Indicative range

Enterprise value

4.77.3 Mio. €

Equity value (after net debt)

4.26.8 Mio. €

Applied EBIT multiple
3.9× – 6.0×
EBIT margin
15.0 %

What this calculator does – and what it does not

The logic is a multiple approach as commonly used for mid-market companies: EBIT times a sector factor, adjusted for qualitative features. It does not replace a valuation. Purchase prices are negotiated – across structure, warranties, earn-out and tax. For a reliable indication we look at the last three sets of accounts.

Background

Why the range is this wide

Two companies with the same EBIT can differ in price by a factor of two. Rarely because of the numbers alone.

01

Owner dependency

If client relationships, pricing and purchasing sit with the owner, the buyer prices in a replacement – or ties a large share of the price to a multi-year stay.

02

Quality of earnings

Contracted, recurring revenue is valued far above project work with good but volatile margins. Predictability pays.

03

Deal structure

Cash at closing, vendor loan, earn-out, rollover equity: the headline price says little until the structure is settled.

04

Adjusted EBIT

Owner salary, rent paid to own properties, private items: normalisation comes before valuation. This is often where the biggest lever sits.

05

Net financial debt

Bank debt is deducted from enterprise value, excess cash added. The definition – leases, pensions, working capital – is regularly contested.

06

Buyer universe

A strategic buyer with synergies pays differently from a financial investor with a return target. Who you approach often moves the price more than any method.

Next step

From a number to an indication

If you want to know what the market would actually pay, we look at the last three sets of accounts and current management figures. That turns into an indication you can work with – confidential, no mandate required.

Have your company value assessed confidentially

A short teaser is enough. NDA upfront on request.

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