Valuation by multiples compares the values of companies through financial multiples, such as:

• Price/Earnings;
• Value/EBITDA and others.

The premise of this methodology is that companies have similar profiles, but some points must be analysed:

• even core business;
• analysis of products, services and added values;
• customers: quantity, diversity, scope, market niches;
• distribution channels;
• risks and opportunities;
• business culture;
• financial profile;
• profitability, among others.

The necessary adjustments must be made to sustain the values estimated by unequal parameters.

Mynarski evaluates by adjusted multiples and defines company values accurately.