valuation-triangulatorlisted

# Valuation Triangulator ## Purpose Produce a valuation range that survives a senior banker's review and a sophisticated counterparty's diligence — anchored in multiple methodologies, reconciled where they disagree, and translated cleanly from enterprise value down to equity value per share. The output is not a number. It is a defended range, a football field, and a written view on which methodology should carry the most weight in this specific situation. ## Governing Principle **Every valuation methodology is wrong on its own. The triangulation is the answer.** A single methodology produces a number. Triangulation produces a thesis. Senior bankers do not pick a method; they reconcile across methods and explain the gaps. ## The Five Lenses Every Valuation Must Triangulate Each lens answers a different question. Run all five, then weight by deal context. 1. **DCF** — what is the business worth based on its own cash flows and risk? 2. **Trading comps** — what would the public market pay for this business as a minority stake? 3. **Precedent transactions** — what have control buyers actually paid for similar businesses? 4. **LBO / sponsor view** — what could a financial buyer pay and still hit return thresholds? 5. **Premiums paid / 52-week high** (for public targets) — what does the market reaction-and-history floor look like? A control sale lands between precedents and LBO. A minority recap lands closer to comps. A take-private clears the LBO floor and the 52-week hig