Core capability 05 of 12
Valuation Analysis
Institutional valuation work with the assumptions visible: discounted cash flow, trading and transaction comparables, and sensitivity across the drivers that matter.
DCF with explicit driver and discount-rate assumptions
Trading and transaction comparable sets
Multiple build-up and bridge analysis
Two-way sensitivity and valuation range
Intelligence interface
Valuation workspace
Valuation Analysis · Example Holdings Ltd.
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DCF midpoint
$34.80
Per share
Trading comps
$31.20
Median 8.9× EBITDA
Transaction comps
$37.40
Median 9.6× EBITDA
WACC
11.2%
Build-up
Range
$29 – $39
80% band
Valuation range by method
$ per share
$29.4
$34.8
$31.2
$37.4
$39.1
DCF low
DCF mid
Trading
Transaction
High
Sensitivity — WACC vs. terminal growth
| Assumption | Value | Impact |
|---|---|---|
| WACC 10.2% | $38.90 | +11.8% |
| WACC 11.2% (base) | $34.80 | Base |
| WACC 12.2% | $31.40 | −9.8% |
| Terminal growth 2.0% | $32.60 | −6.3% |
| Terminal growth 3.0% | $37.30 | +7.2% |
| Margin −100 bps | $31.90 | −8.3% |
AI analysis
The methods converge in the low thirties; the transaction comparables sit highest because two precedents carried control premia. Value is most sensitive to terminal margin, not growth — a point worth testing against the forensic finding on cash conversion.
Evidence trail
[1]
Annual Report
FY25 · p. 84, segment note
[2]
Earnings Filing
Q4 FY25 · statement of cash flows
[3]
Company Presentation
Investor day · slide 22
[4]
Regulatory Filing
Related-party disclosure
How teams use Valuation Analysis
Fairness work
Show the range and the assumptions that produce it.
Investment committee
Move from method to method without rebuilding inputs.
Scenario testing
Flex drivers and see the bridge, not just the answer.