Greenfield investment valuation assesses a project that is being built from scratch, such as a new factory, power plant, data centre, mine or market entry, before it has any operating history. Value comes entirely from projected future cash flows. That makes rigorous feasibility analysis and risk assessment essential for investors, lenders and boards.
When Greenfield Valuation Is Needed
- Investment decisions and board approval for new projects
- Project finance and lender due diligence
- Joint ventures and partner contributions, including the value of land, licences or technology contributed
- Development-finance and government-supported projects requiring independent appraisal
- Financial reporting for projects under construction, including impairment indicators
Key Methods
- Project DCF and NPV: construction-phase capex and ramp-up, followed by operating cash flows, discounted at a project-specific rate
- IRR and payback analysis, compared with the hurdle rate and financing costs
- Scenario and sensitivity analysis on capex overruns, delays, demand, tariffs and commodity prices
- Real options, to value the flexibility to phase, expand or abandon the project
How We Approach It
- Review the business plan, market study and technical feasibility.
- Test the capex, opex, timeline and ramp-up assumptions against benchmarks.
- Build a project financial model, including the funding structure and debt service coverage.
- Derive a discount rate that reflects country, construction and market risk.
- Report the NPV, IRR and key risks, with sensitivity tables.
Trusted by Public and Private Companies and Multinational Corporations
Valtech Valuation is an independent valuation and transaction advisory firm with offices in Hong Kong and Singapore. Public companies, private businesses and multinational corporations rely on our valuations for financial reporting, transactions, fundraising and disputes. Our clients range from Fortune 500 companies, listed groups and US-listed firms to private equity funds, family offices and high-growth startups, across Hong Kong, Mainland China, Singapore, Southeast Asia, the Middle East and the United States, including investment projects financed by the World Bank.
Why Appoint Valtech Valuation for Reliable International Valuation Services
- Independent and defensible conclusions: objective, well-documented reports prepared to withstand audit, regulatory and investor scrutiny.
- ISO 9001 certified quality management: a certified quality process for consistent, reliable results.
- Proven with listed and multinational clients: experience supporting publicly listed groups, US-listed firms and Fortune 500 companies.
- International reach, local expertise: cross-border project experience, including infrastructure and power.
- Project modelling expertise: integrated financial models with scenario and real-options analysis.
- Multi-disciplinary qualified team: accounting, finance, risk management, surveying and business valuation professionals on every engagement.
Professional Credentials of Valtech's Team
- PhD holders
- Certified Public Accountants – CPA (HKICPA)
- Chartered Financial Analysts – CFA
- Financial Risk Managers – FRM (GARP)
- Chartered Valuation Surveyors – MRICS (Royal Institution of Chartered Surveyors)
- Accredited in Business Valuation – ABV (AICPA)
- Certified Valuation Analysts – CVA (Singapore)
- Certified Public Valuers – CPV (China Appraisal Society)
Planning a New Project?
Tell us about the project and its stage, and we will prepare a tailored proposal.