The Valuation Process
1. Initial Consultation
A highly trained Powell Group valuation consultant will meet with you to determine the following:
- Whether a valuation is necessary for your situation and the purpose of the valuation
- Which one of our full-range of services are appropriate, including which valuation method will be used
- An overview of the process along with a timeline for the valuation
After the initial consultation, an engagement letter will be drawn up documenting our mutual understanding of the valuation to be completed and the information we’ll need from you to complete the work.
2. Gathering Pertinent Information
Murphy valuation consultants will walk you through the process of gathering the necessary business financial documents needed to complete your valuation. These documents may range from tax returns and financial statements to a list of assets and risk/value drivers.
3. Research & Analysis
Once we have the necessary documentation, we set out to fully understand all the financial and operational aspects of your company. We will tour your business and its surroundings, learn your sales approach, analyze your market position and your competition, and interview key personnel. Murphy valuation consultants research relevant economic factors, industry trends, revenue and earnings over recent past years and expectations for the future, potential risk factors and comparable industry transactions.
4. Valuation Report Preparation
Using a variety of valuation methodologies, weighing the purpose of the valuation, and analyzing the data collected, Murphy valuation consultants will create a comprehensive report delineating our findings. You and the Murphy consultant will review the report to make sure you fully understand the independent, objective and supportable conclusions outlined and to ensure that the report meets its intended purpose. Revisions will be made if necessary and a final report will be prepared. All Murphy valuation reports adhere to the Institute of Business Appraisers standards and Uniform Standard Professional Appraisal Practices.