The identification of the most appropriate recovery methodology is the first step to start the process. It is chosen
according to the characteristics of the enterprise, the capacity to generate flows and the information available.
- In the case of companies in operation and with an adequate flow generation, the Discounted Cash Flows (DCF)
method is used, which is considered the most acceptable in such cases.
- Another widely used method is the Comparable Multiples, which is based on financial and functional information
from independent companies selected as comparable. Indicators with sales, EBIT, EBITDA, market capitalization,
company value, among others, are used to apply this methodology.
- The Real Options application methodology involves using the technical aspects related to the valuation of real
options to a company. Essentially, it can be used when there is uncertainty about the evolution of the business
and allows the operational flexibility of an organization and its strategic value to be