N°02
Business Valuation
Case Study N°2 :
Business Valuations: When Uncertainty Becomes an Opportunity
1
Context
Whether for a start-up raising capital or a mid-sized company undergoing a regulated transaction, valuation is always a strategic matter.
Traditional methods — DCF, comparables, multiples — are not always sufficient in uncertain environments or fast-moving markets.
EUROP-CONSULT assists founders and investors in developing fair, consistent, and defensible valuations — transforming numbers into genuine decision-making tools.
2
Challenges
Our clients share a common need: to have a clear and credible valuation that convinces.
Determining a fair value in an uncertain environment.
Challenging key assumptions within the business plan.
Providing a solid basis for discussions with investors and auditors.
Without independent analysis, valuations risk lacking consistency and can stall strategic negotiations.
3
Our Approach
We combine technical rigor with advanced tools to give meaning to value:
Critical review of business plans (margins, working capital, CAPEX).
Probabilistic DCF and Monte Carlo simulations.
Real options to factor in flexibility and future growth potential.
Sensitivity analyses on key assumptions (WACC, margins, terminal growth).
Clear and actionable deliverables, ready for use in fundraising discussions.
Our presence alongside management teams during presentations helps explain assumptions and build mutual understanding among stakeholders.
4
Results
A clear valuation range (low, median, high).
Alternative scenarios to capture uncertainty.
A defensible, credible, and well-documented valuation.
“EUROP-CONSULT assisted us during an equity fundraising with an Emirati fund. Their presence and ability to clearly explain the valuation assumptions made a real difference and helped secure a positive outcome.”
— CEO, Digital Start-up
— CEO, Digital Start-up
This transaction enabled the company to present a valuation range between €50M and €65M, facilitating a €10M fundraising round.