Business Valuation
Understanding the true value of a business is essential for confident decision‑making. Whether you’re planning an exit, preparing for succession, resolving a dispute, or assessing strategic options, a professionally prepared valuation provides clarity, credibility, and direction.
At 19 Steps Business Advisory, we specialise in delivering independent, defensible, and commercially grounded business valuations for private companies, family enterprises, and professional practices across Australia.
Our approach combines technical rigour, industry insight, and clear communication — so you receive a valuation that is not only accurate, but genuinely useful.
Why Businesses Need Valuation
Clients engage us for valuations across a wide range of situations, including:
- Exit planning & business sale
- Succession and generational transfer
- Shareholder or partnership restructuring
- Mergers & acquisitions
- Family law and commercial disputes
- Taxation and compliance requirements
- Lending, investment, and capital raising
- Strategic planning and performance benchmarking
- Solvency assessments and early‑stage distress reviews (light touch)
Every valuation is tailored to the purpose, because value is context‑specific, and the right methodology depends on the commercial reality behind the numbers.
Why Choose 19 Steps for Your Valuation?
Over 20 years as a Chartered Accountant
Bringing deep experience across financial analysis, modelling, and commercial advisory, not theory, real-world outcomes.
Business valuation specialists
Valuation isn’t a side service here. It’s the core of what we do, delivered with depth, rigour, and market relevance.
Clear, practical communication
We translate complex financial concepts into insights you can actually use to make decisions, negotiate, and move forward.
Scenario modelling and value drivers
We don’t just calculate value. We show what’s driving it, what’s hurting it, and how to shift the outcome.
Professional standards assured
All work is compliant with APES 225 and CAANZ requirements, with defensibility built in from day one.
Independent and confidential
Every engagement is handled with absolute discretion, objectivity, and professional integrity.
Our Valuation Methodologies
We use internationally recognised valuation approaches and select the method, or combination of methods, that best reflects your business model, industry, and the purpose of the valuation.
1. Income Approach
Focuses on the future earnings capacity of the business.
Common methods:
-
-
Discounted Cash Flow (DCF)
-
Capitalisation of Earnings (COE)
-
Best suited to businesses with stable cashflows, reliable forecasts, or significant intangible value.
2. Market Approach
Assesses value by comparing your business to similar companies or transactions.
Common methods:
-
-
Comparable Transaction Analysis
-
Industry Multiples
-
Most effective where strong market data and benchmark comparables exist.
3. Asset-Based Approach
Values a business based on the fair value of its assets and liabilities.
Common methods:
-
-
Net Asset Value (NAV)
-
Adjusted Book Value
-
Typically used for asset-heavy businesses or where earnings are volatile or inconsistent.
4. Hybrid and Scenario-Based Modelling
For complex, distressed, or uncertain situations, we use scenario modelling to reflect risk, volatility, and strategic alternatives.
Our Valuation Process
A structured, transparent approach that delivers clarity, confidence, and defensible outcomes.
1. Scoping and Purpose Definition
We start by understanding the purpose of the valuation, key stakeholders, and commercial context. This ensures the outcome is fit-for-purpose and aligned with relevant standards.
2. Engagement and Independence Confirmation
We issue a formal engagement letter covering:
-
-
Scope and deliverables
-
Methodology
-
Fees and timelines
-
Independence and conflict checks
-
Confidentiality obligations
-
3. Information Collection
We gather financial, operational, and legal data required to perform a robust and defensible analysis.
4. Management Discussions
We meet with owners and leadership to understand:
-
-
Business model and revenue drivers
-
Risks and opportunities
-
Industry dynamics
-
Growth plans
-
Non-recurring or abnormal items
-
5. Financial and Risk Analysis
We conduct detailed analysis including:
-
-
Earnings normalisation
-
Working capital requirements
-
Margin and cashflow sustainability
-
Industry benchmarking
-
Customer concentration and key person risk
-
Solvency indicators (where relevant)
-
6. Valuation Modelling
We apply the most appropriate methodologies and test value across multiple approaches. Where relevant, we reconcile methods to arrive at a defensible valuation conclusion.
7. Draft Report and Review
You receive a draft valuation and a walkthrough of assumptions, calculations, and outcomes in clear, plain English.
Speak With a Valuation Specialist
If you need clarity, confidence, and a defensible valuation you can rely on, we’re here to help.Your Vision. Our Expertise.
Contact Us
Please contact up below for a confidential discussion