The introduction of fair value accounting, as defined by ASC 820 (formerly FAS 157) has rapidly elevated both the role and importance of valuation in accounting. Private and public companies alike now require third party valuation specialists to assist in engagements involving equity compensation and purchase accounting exercises prompted by acquisitions.
The area is rapidly evolving with best practices changing frequently and sometimes unexpectedly. Intrinsic professionals have played a leadership role among practitioners, authoring groundbreaking articles, participating in industry leading organizations such as the Appraisal Issues Task Force, and regularly interfacing with Big 4 accounting firms as valuation experts in SAS 73 reviews.
Intrinsic offers financial and accounting expertise to businesses in the areas of strategic planning, buy- and sell-side due diligence, and other decision support.
In evaluating any business, it is critical to understand where the business is today, how it got there, and where it is likely headed. The process requires perspective. We engage a top-down approach that starts with understanding the business and how it makes money, as well as the market conditions and industry factors that define the competitive landscape. This initial review and understanding of the big picture informs and guides the rest of the process as we perform rigorous financial and industry analysis to assess quality of earnings, identify the key factors driving business performance, evaluate liquidity, capital structure, and operating issues, and address other critical areas. Finally, we synthesize our analysis and present our findings in a format that provides our clients with a roadmap of the key financial and operational issues to address either in continuing operations, corporate strategy, or in connection with the due diligence process.
The advantage to partnering with Intrinsic is quite simple. Again, it is a matter of perspective. Our process is driven by understanding the big picture. The lack of leverage in our business model means that we partner closely with you and are personally involved to the finest level of detail. Our professionals offer an unrivaled combination of credentials, skills, and expertise gained from evaluating businesses in various contexts, including mergers and acquisitions, corporate strategy, financial reporting, internal and external audit, and high-stakes commercial litigation, investigations, and other disputes. Our experience enables us to approach complex business situations from a multitude of angles, including many that more traditional service providers don’t even consider. Ultimately, our clients benefit from sophisticated insight and perspective that is called for to maximize deal value, make informed decisions, and achieve superior results.
Intrinsic conducts in-depth analysis and assessment of matters in dispute. Our litigation support experience ranges from economic damages analyses to serving as experts in business and intangible asset valuations. Litigation advisory services: all phases of litigation, including case strategy, discovery, identification of key facts, weaknesses, and other issues, addressing the causal link between liability and damages, quantifying damages, trial preparation, and providing expert witness testimony.
Our approach includes a thorough evaluation of all available evidence to present a calculation of value based on solid financial theory, technical competence, and independent review of the facts relating to each matter.
Our litigation support practice-area includes economic damage assessments, calculations for the fair division of assets, and resolution of transaction disputes. Our emphasis on custom valuation analysis ensures our clients a direct point-of-contact with a valuation advisor who possesses technical expertise, and the resources to produce defensible valuations. Intrinsic offers guidance in matters such as shareholder disputes, family law, bankruptcy proceedings, intellectual property and intangible asset valuations.
Intrinsic professionals have extensive experience in valuing both illiquid interests and intangible assets in a variety of tax contexts. With limitless access to information resources and a vast network of fellow practitioners, attorneys, and tax experts, we stay abreast of all the most recent legislation and case law pertaining to valuation for tax purposes.
Intrinsic has significant expertise providing financial advisory services to companies in the Healthcare sector. Intrinsic has performed thousands of valuation engagements for tax, financial reporting, transaction advisory, and regulatory compliance. Specifically, our professionals have extensive experience regarding the economic and financial issues faced by the spectrum of Healthcare entities.
Assisted living and long-term care facilities
- Healthcare distributors
- Health systems
- Home healthcare providers
- Managed healthcare
- Outpatient services (diagnostic imaging, ambulatory, and dialysis centers)
- Physician groups
- Pharmaceuticals, Biotechnology & Life Sciences
- Life sciences tools and services
Intrinsic boasts a solid team of healthcare business valuation experts who are highly experienced in providing fair market value (FMV) opinions for all types of healthcare facilities. Determining the fair market value of any healthcare business requires detailed knowledge of the ever-changing regulatory factors that impact value.
Intrinsic professionals have deep industry knowledge throughout the energy value chain, including upstream, midstream, downstream, and oilfield services. We have performed valuation engagements for tax, financial reporting, transaction advisory, and regulatory compliance purposes, applying specific knowledge of the economic, financial, and geopolitical issues faced by the oil and gas industry.
Energy Chain Areas of Expertise
- Exploration and production
- Oilfield Services
Intrinsic has worked with companies in the energy space with assets from under $100 million to over $500 million in value; our valuations have been reviewed and approved by compensation committees and audit firms. Our professionals understand the challenges, opportunities, drivers, and unique facets of the industry, including the regulatory and market factors which impact value, and SEC standards for reserve estimations.
ESOPs are an effective vehicle for the transition of closely held business ownership to a company’s employees. Establishing an ESOP can strengthen your company through financial benefits and the creation of a productive ownership culture; however, all of the good effects of an ESOP can only be realized when the transaction is done right from the start. At Intrinsic, our priority is understanding your goals and working with you to ensure those goals have been fulfilled the right way.
ESOP Advisory and Valuation services include:
- Feasibility studies: Knowing that feasibility studies are an important first step in establishing an ESOP, Intrinsic provides essential information to all parties in order to avoid costly mistakes which could harm the long-term success of the ESOP.
- Transaction valuations: Our professionals leverage in-depth knowledge of ESOP transactions to provide guidance on ESOP planning, such as the design, structuring, and financing of the transaction.
- Fairness opinions: With experience in transaction valuations, we offer professional judgment of the proposed ESOP through an independent and comprehensive analysis.
- Annual ESOP valuations: We deliver annual valuations of closely held company securities within ESOPs in order to meet the objectives relating to ESOP administration.