Valuation
Real assets and project valuation
Independent economic and financial valuation for investment, negotiation, governance and special-situation decisions.
The decision
Real assets combine CAPEX, schedule, operating risk, demand and capital structure. Value must be explained through traceable assumptions — not reduced to a headline number.
When to engage
- Investment or divestment analysis
- Greenfield and brownfield project valuation
- Technical support for negotiations, governance or special situations
Deliverables
- Auditable DCF/FCFF model
- Assumptions and sources register
- Scenarios, sensitivities and value drivers
- Decision-ready executive memorandum
Method
- 01
Perimeter and valuation-date definition
- 02
Reconciliation of technical, operating and financial evidence
- 03
Integrated modelling and consistency checks
- 04
Explicit communication of limits and evidence gaps
Selected mandate
Instrument linked to a large iron-ore asset
Economic and financial opinion estimating US$386.5 million as the present value of instrument cash flows under an FCFF methodology and documented assumptions.
Next step
Discuss a project