Valuations

Merchantec Capital offers a wide range of objective and independent valuation services to listed, private, multinational and governmental organisations.

We have a dedicated team of valuation professionals who use efficient processes and systems to ensure that effective, transparent and independent solutions are produced for even the most complex of transactions. Together, the valuations team has over 50 years’ combined experience in various industries including: mining, financial services, I.T, retail and healthcare to name just a few.

Merchantec Capital is accredited in terms of the JSE and the Takeover Regulation Panel to perform independent valuations and make recommendations to companies’ boards and shareholders.

One of the key objectives is to look at each transaction holistically and provide a tailored service offering on a case by case basis – which is obtained from the insights gained from a number of local industries and market niches using the team’s experience.

Over the last three years, the Merchantec Capital Valuations team has completed over 100 valuations in over 10 sectors with a total transaction value in excess of R40 billion.

Valuation Services

Company Valuations

The purpose of performing a company valuation is to gain an independent view of the estimated amount for which an asset should exchange on the effective valuation date between a willing buyer and seller in an arm’s length transaction.

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Independent Expert Report (IER)

In compliance with the South African Companies Act, 2008, companies are required to obtain an IER to provide shareholders with an opinion as to whether a transaction is fair and/or reasonable.

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Fairness Opinions (F&R)

A fairness opinion is a report prepared by a JSE approved independent expert, expressing an opinion on whether a transaction is fair/unfair to shareholders.

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Purchase Price Allocation Valuation (PPAV)

The PPAV process is one whereby the fair value of all significant business intangible assets, including goodwill, and liabilities of an acquired enterprise must be determined in accordance with IFRS 3: Business Combinations.

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Option Valuations

Option valuation estimates the value of unique financial instruments, including share-based payments, employee incentive schemes and general share options.

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Intangible Asset & Goodwill Testing Valuation

Our team values an entity’s non-physical assets which generate a measurable economic benefit to the owner, such as customer relationships and brand. Additionally, we provide goodwill testing valuations which is an annual requirement of IFRS 36: Impairment of Assets.

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