Your company value using the average of 2 valuation method is
Calculated EBITDA Multiplier
Discount Rate
© 2019 Meristem Securities Limited

1/14What is your current annual Revenue?

2/14What is your annual Earnings before Interest, Taxes, Depreciation, and Amortization (EBIDTA) ?

3/14What is the value of your company's debt/loan ?

4/14Non-operation/Non-dividend payment to Founders (Non-recurring payment) if any ?

5/14What is your anticipated average revenue growth rate  over the next 10 years (0% to infinity) ?


6/14What portion of the market does your company serve (Market Share)  (0% to 100%) ?


7/14What is the company capital expenditure budget/need (Capex) ?

8/14What portion of revenue are from your top customer (Revenue from top customers / Total Revenue) (0% to 100%)?


9/14Do you have a website and have more than 2 full time employees

10/14Are your financial records audited ?

11/14Does your company have more than 2 years historical operation record ?

12/14Do you have repeat or subsription based customers ?

13/14Do you have a Management Team with over 20 years of combined work experience?

14/14Does your company have Sustainable Competitive Advantage/ price premium over competition

Business Valuation Report


Output Summary

Typically Nigerian Startups companies are valued for between 3x to 5x normalized EBITDA by private equity investors. The difference in the multiple is generally the result of a variety of characteristics specific to your business. In additon we will alaso determine the value of your business today based on discounted future cash flows with consideration to "excess compensation" paid to owners, level of risk, and possible adjustments for small size or lack of marketability.

Opinion letter

The enclosed Valuation Report is prepared by Meristem Capital Limited for the exclusive and confidential use. In undertaking this engagement, we have relied on the historical financial information provided by the management of the company. We also moderated the forecast provided by the company and the business risk of the industry.

For our valuation, we utilized multiple of earnings and adjusted discounted EBITDA Cash flow Models. We acknowledge that there are challenges in making forecasts, and by implication, actual earnings and cash flows might not converge to the forecasts made and the variations can be material.

This is an estimate only and not a binding valuation of your company or commitment to buy.
Your Company Value using the average of 2 valuation methods is
Calculated EBITDA Multiplier
Calculated Discount rate
Average Company Valuation Analysis
Discounted EBITDA Cashflow
Summary Analysis Adjusted Discounted EBITDA Cashflow
Total future earnings plus additional compensation to founders
Calculated discount rate
Present value of today's earnings/excess compensation
Less adjustment for small size/lack of marketability
Estimated Company value (1)
Summary Analysis - Ebitda Multiplier
Additional Salary/Dividend to Founders
Adjusted EBITDA
Multiple (x)
Enterprise Value
Less Corporate Debt
Company Value (2) is
This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.