Valuation

Mergers & Acquisitions

Estate & Gift Tax

Buy/Sell Agreements

Succession Planning

Employee Stock Ownership Plans (ESOPs)

Marital Dissolution

Minority Stockholder Disputes

Shareholder Buyouts

Stock Option & Stock Grant Plans

Goodwill and Intangible Asset Impairment Tests

Purchase Price Allocations

Fairness Opinions

Personal Financial Management (Just Want to Know What It's Worth)

Black and white business image with individuals from a financial services firm inside a building overlooking the city.

Built's valuation group performs formal and informal valuations for each of these purposes.

Formal valuations or “Full Appraisals” are long-form reports that are usually required for IRS-related appraisals (gift and estate taxes) or where there is a likelihood that the report will be used in a legal setting (divorces, stockholder disputes, damage cases, etc.).

Informal valuations or “Restricted Appraisals,” usually presented in the form of an opinion letter, are prepared for internal planning and all other purposes.

Valuation Approaches:

In determining the value of an E&C company, Built utilizes the three valuation approaches commonly considered in the profession to arrive at the value of the business: the Asset, Income, and Market approaches.

The Asset approach assumes that the worth of a company is best represented by the value of its underlying assets.

The Income approach assumes that the value of the business is best estimated by the present value of the future benefits (cash flow or earnings) generated by the business.

The Market approach is based on value that can be determined by analyzing recent public stock trading and acquisition transactions in the public and private market of comparable companies.

Built’s experience in working with buyers and sellers of companies in the construction industry gives us a unique, real world understanding of acquisition transactions, especially for privately owned businesses, under this approach.

Depending on the purpose of the valuation, the standard of value used, and the block of stock to be valued, Built weights the value estimates derived from the methods under all three valuation approaches to determine our final estimate of value.

Business valuation

Valuations are performed for a variety of reasons including:

Built's valuation group performs formal and informal valuations for each of these purposes.

VALUATION
APPROACHES

Valuation Approaches:

The Asset approach assumes that the worth of a company is best represented by the value of its underlying assets.

The Income approach assumes that the value of the business is best estimated by the present value of the future benefits (cash flow or earnings) generated by the business.

The Market approach is based on value that can be determined by analyzing recent public stock trading and acquisition transactions in the public and private market of comparable companies.

Built’s experience in working with buyers and sellers of companies in the construction industry gives us a unique, real world understanding of acquisition transactions, especially for privately owned businesses, under this approach.

Business valuation

Valuations are performed for a variety of reasons including:

Built's valuation group performs formal and informal valuations for each of these purposes.

VALUATION APPROACHES

Valuation Approaches:

The Asset approach assumes that the worth of a company is best represented by the value of its underlying assets.

The Income approach assumes that the value of the business is best estimated by the present value of the future benefits (cash flow or earnings) generated by the business.

The Market approach is based on value that can be determined by analyzing recent public stock trading and acquisition transactions in the public and private market of comparable companies.

Built’s experience in working with buyers and sellers of companies in the construction industry gives us a unique, real world understanding of acquisition transactions, especially for privately owned businesses, under this approach.

VALUATION
APPROACHES