Equity valuation of partner: the case of a retail trade company of the Grande Florianopolis

Abstract

The company's valuation, in order to determine the value of equity of partner, comes mainly from the right of withdrawal, exclusion and death of the partner. When there is no consensual procedures and values among partners, such activity is carried out in the judicial sphere, resulting in the need of a professional appraiser to calculate the value of the share of the corporate social migrant. The objective of this study is to determine the value of equity and other assets, with economic focus, addressing both the value of material assets of the company and the value of intangible assets created, by using the case of a branch company of clothing retailer. The literature review was based on articles available on events' websites and CAPES journals' portal, covering the period from 2000 to 2011. The study data from this case were extracted from the financial statements provided by Empresa Beta Ltda. The results of the case study revealed that the company has the capacity to generate future cash in over R$ 20 million. Its economic value exceeded R$ 24 million, with goodwill of R$ 8 million, and the unit value of the share capital, which was originally R$ 10.00, after evaluation reached R$ 2,073.60.