Operating value
Form a range from durable operations, cash, cycle and required investment
MTH-0006 / Valuation tool
Full Value Bridge
A valuation tool within the M&A domain method, separating operating value, equity value, consideration, net proceeds and accounting effects.
METHOD POSITION
Valuation tool
M&A domain method → valuation judgment → full value bridge
Parent method: Full M&A Capability Chain →WHEN TO CALL
These signals call for a structured method
- 01
Price is discussed without a shared value definition
- 02
Acquisition, disposal, restructuring or control paths need comparison
- 03
Accounting gain, cash proceeds and long-term value diverge
DECISION GATES
Turn the method into gates that change action
Enterprise & equity value
Separate debt, debt-like items, non-operating assets and risk reserves
Consideration
Add control scope, payment, conditions and synergy discount
Net capital outcome
Deduct tax, debt repayment, transaction cost, continued investment and tail liability
Accounts & outcomes
Show accounting gain, cash movement and later value-realisation conditions separately
REQUIRED OUTPUT
01Six-layer full-value bridge
02Value and price scenario range
03Cash and accounting impact table
04Buyer ceiling or seller net-proceeds boundary
STOP CONDITIONS
A method must also show when not to proceed
Synergy enters value at 100% certainty
Accounting gain replaces cash and long-term value
Required capital to realise value is omitted
RELATIONSHIPS
Cases generate the method; judgments and principles constrain it
PUBLIC BOUNDARY
This is Howard's current public method structure. It does not replace project-specific finance, legal, tax, valuation, regulatory or board judgment. Thresholds, risk appetite and final decisions remain with the responsible owners using complete facts.