Financial/Business Valuation

Business Enterprise Value is the combination of all the tangible and intangible assets that comprise a going business concern, the value of which is equivalent to the fair market value of the company’s total stockholder’s equity plus long-term debt obligations. Investors generally do not look at businesses as a collection of separate assets; rather, it is the overall earning capacity of the business which investors are concerned with. So, while the underlying asset value is important, equally important is the value of the whole entity. Whether acquiring, divesting, merging, restructuring or measuring performance, Stirling Appraisals can provide invaluable assistance, in determining the enterprise value of a business.

Intangible Asset Valuation
Nowadays, many companies possess numerous significant amounts of intangible assets. These include brand names, trademarks, copyrights, franchises, intellectual property, licenses, mastheads, patents and established networks, etc. Frequently, these intangible assets can be of significant hidden value which have not been reflected in the books of the company.

Under the new accounting standards such as the International Financial Reporting Standards and Hong Kong Financial Reporting Standards, it is a requirement for companies to show the fair values of the intangible as well as tangible assets for their acquired companies and accordingly a purchase price allocation.

Financial Instruments Valuation
Valuation of financial instruments, which is required for accounting purpose, often involves complex valuation procedures. Commonly encountered financial instruments include options, warrants, convertible bonds, futures and swaps. Stirling Appraisals, with its team of industry-qualified professionals, is well positioned to assist clients in valuing their financial instruments. Our team has helped numerous clients listed in Hong Kong and US in valuing such financial instruments.

Feasibility Studies
Successful investments are based on successful planning. Feasibility studies are an important part of the investment-making decision requiring detailed knowledge of markets and financial realities. In China, they are a specific requirement of the joint venture establishment process. Whether you require a report for management, we are able to assist.

Fairness Opinions
Stirling Appraisals provide opinions pertaining to the fairness of the terms & condition of the contract/agreement and/or transactions.

Machinery and Equipment Valuation
Stirling Appraisals’ machinery and equipment valuation services include industrial valuation of machinery ranging from single assembly lines to petrochemical refineries and offshore drilling rigs. Plant & machinery often makes up a significant part of a company’s overall investment and for many manufacturing companies this frequently exceeds the value of real estate assets. In recognizing this fact and by bringing out specialist valuations identifying the latent value encompassed in many manufacturing plants, Stirling Appraisals has become a leader in the provision of specialized plant and machinery advice to major investors and manufacturers throughout the region.

Property Valuation

Real property is an essential and important component of every company’s fixed/investment assets. Stirling Appraisals prepares valuations based on accepted international standards for a variety of real estate assets. In addition, annual property valuation is carried out for companies holding real estate for investment purposes. Such companies are normally required to provide annual reports to shareholders showing the current values.

Development Appraisal
Feasibility Studies are designed especially for long range planning and the difficulty of forecasting future economic trends. Stirling Appraisals has extensive knowledge of property markets in Asia and can provide invaluable advice to developers or financiers.

Our transaction consulting services includes:

• Financial Reporting
• Merger & Acquisition Support
• Fairness Opinion Services