Overview
We designed and developed a web-based valuation platform for a financial advisory practice that transforms a company's historical financials into a complete, defensible business valuation. Users upload profit & loss and balance-sheet data, and the application builds multi-year financial projections (3–10 years) and computes enterprise and equity value across multiple internationally accepted methodologies — ending in a single weighted valuation with a per-share value output.
The Challenge
Business valuation is traditionally a spreadsheet exercise: every engagement starts from a template workbook, assumptions live in scattered cells, and each analyst applies methodologies slightly differently. That makes valuations slow to produce, hard to review, and difficult to defend when a client, auditor, or counterparty asks "why this number?"
The advisory practice needed a platform that would standardize the entire valuation workflow — same inputs, same methodology library, same audit trail — while still giving analysts full control over the assumptions that drive the model.
What We Built
Financial ingestion and projections
The platform accepts a company's historical P&L and balance-sheet data and builds forward projections over a user-selected horizon of 3 to 10 years. The projection engine drives every downstream methodology from one consistent set of forecast financials, so income, market, and asset approaches never silently disagree on the underlying numbers.
The methodology library
Valuations are computed across eight internationally accepted methods, grouped into three approach families:
| Approach | Methodologies |
|---|---|
| Income | Discounted Cash Flow via FCFF (free cash flow to firm) · DCF via FCFE (free cash flow to equity) · Excess Earnings (Residual Income) |
| Market | Relative Valuation using peer multiples (P/E, P/B, EV/EBITDA, Price/Sales) · Comparable Transaction Multiples |
| Asset & specialised | Net Asset Value · Sum-of-the-Parts · Black-Scholes option pricing for ESOP valuation |
Each method produces its own enterprise and equity value, visible side by side, so an analyst can immediately see where the approaches converge and where they diverge.
The assumptions engine
A configurable assumptions layer drives the entire model:
- Cost of equity via CAPM, with industry-relevered betas
- WACC-based discounting for firm-level cash flows
- Choice of risk-free benchmarks to match the engagement context
- Tax regime selection so cash flows reflect the correct jurisdiction
- Terminal growth assumptions for the post-forecast period
- DLOC / DLOM adjustments — discounts for lack of control and lack of marketability
Every assumption is explicit, editable, and recorded — which is what makes the resulting valuation defensible rather than a black box.
From eight numbers to one
Results from each methodology are blended into a final weighted valuation. The analyst assigns weights that reflect the engagement's context — a mature asset-heavy business might lean on NAV and transaction multiples, a growth company on DCF — and the platform produces the final equity value and per-share value output.
The Outcome
The practice now runs end-to-end valuations through one platform instead of one-off spreadsheets: consistent methodology, explicit assumptions, and a repeatable process that stands up to scrutiny from clients and reviewers alike.
Have a financial modeling or valuation workflow that lives in spreadsheets today? Talk to us about turning it into a platform.