Akkredit Könyvvizsgáló és Adótanácsadó Kft.

The value of a company is not the same as its book equity, nor can it be determined from a single historical performance indicator. A proper valuation must take into account the company’s future earnings capacity, risks, financing structure, market position, and the specific purpose of the valuation. The International Valuation Standards set out dedicated professional requirements for the valuation of businesses and ownership interests and distinguish, among others, between income-based, market-based, and cost-based approaches.

We select the appropriate methodology based on the characteristics of the company and the purpose of the valuation. In an income-based valuation, the focus is on expected future cash flows and the risks associated with them; under a market approach, valuation multiples derived from comparable companies or transactions may provide relevant benchmarks. Beyond the calculations themselves, it is equally important to assess the realism of the business plan, sustainable profitability, required working capital, financing structure, and the proper treatment of one-off items. The IVS effective from 2025 also places particular emphasis on the quality of data and inputs used, as well as on the documentation of the valuation process.

A business valuation may be required in connection with an ownership transaction, the sale or purchase of a business interest, the admission of an investor, succession planning, a corporate transformation, or a shareholder dispute. At Akkredit Kft., valuation is not treated merely as the output of a mathematical model: our calculations are built on an understanding of the company’s actual operations, risks, and economic environment. Our objective is to determine a transparent and professionally defensible range of values whose assumptions and sensitivities are also clear to decision-makers.