Financial analysis and valuation.
For accounting firms and M&A boutiques
Upload a FEC ledger or a tax return. Valo CapFi reads every entry, normalises EBITDA, handles intragroup flows and produces the analysis for every engagement, in files linked to each other.
- 200,000 comparables
- FEC or tax return as input
- 5 deliverables per file
From upload to file, in ten steps.
- Upload: Tax return, FEC or CapFi grid
- Reading the FEC: Every year, line by line
- The Sieve: Entries to adjust
- Normalised EBITDA: The bridge, one adjustment at a time
- Working capital, cash, debt: From enterprise value to equity
- Group and intragroup: Year-ends aligned, flows eliminated
- Score out of 10: Each entity, each year
- Comparables and convergence: All methods on one axis
- Simulation and deliverables: Levers, agent, linked files
- Updating the file: The bridge between two versions
One upload, six uses.
Reasoned value
More than four approaches combined on a single axis, a defensible range and the step from enterprise value to equity value.
Financial due diligence
Quality of earnings and normalised working capital, each adjustment tied to the entries behind it. The PowerPoint comes with comments pre-filled for the engagement.
Groups and staggered year-ends
Several FEC files, years that do not end on the same date: entities are aligned on the same period and internal flows eliminated.
Borrowing capacity
Normalised cash flow and borrowing capacity, recomputed for term, rate and target debt cover.
Business plan and levers
Multi-year projection, levers to simulate and an alert on the year the margin hits its low.
Score and updates
A score out of 10 for each entity and each year. The file updates when new accounts arrive, with the bridge between two situations.
200,000 comparables, the closest ones first.
For each file, Valo CapFi finds the closest deals by NAF code or business vertical, by size and by date, then derives a reasoned multiple. Every comparable kept stays available to review.
- 100,000 deals in France, 100,000 internationally
- Matched by NAF code or business vertical
- Median, quartiles and chosen multiple justified
- The funds and trade buyers behind these deals, ready to approach
Every adjustment comes with its proof.
The screening sweeps the accounts, suggests adjustments and sets aside anything already counted. Normalised EBITDA is rebuilt step by step, each one tied to its entries.
- Owner pay and rents brought to market
- Non-recurring items isolated
- Incomplete years annualised
- Duplicates flagged and set aside
Internal flows, eliminated by default.
Entities are aligned on the same period, even with staggered year-ends, and internal flows are eliminated before any analysis.
- Staggered years realigned on one period
- Recharges and internal sales eliminated
- One scope, ready for valuation
- Client weight measured without internal flows
How much can the company borrow?
Starting from normalised cash flow, Valo CapFi computes the borrowing capacity based on term, rate and target debt cover.
- Cash flow normalised like EBITDA
- Term, rate and DSCR as settings
- Guardrail on the plan’s lowest margin
Pull a lever, the value responds.
Margin, owner pay, customer payment days, chosen multiple: each lever recomputes the bridge down to equity value. Underlined figures respond to the levers, the others are measured and stay put.
Four checks, done automatically.
Incomplete years annualised: An 11-month year no longer distorts the margin.
Normalised working capital: Choice of method and computed price adjustment.
Computed materiality threshold: Measured on the file, never left at zero.
Bridge to equity value: From enterprise value to equity value, line by line.
Hosted in France, no closed format.
Hosted in France: Your file data stays in France.
Tax returns read in Europe: Forms 2050 to 2059 are processed by OCR in Europe.
Your files: Workbooks and presentations belong to you, no closed format.
Try it on one of your files.
A demo on a FEC ledger or tax return of your choice, with our team.
