Enterprise Value to Equity Value Calculator
Bridge Enterprise Value to indicative Equity Value using working capital, net debt or cash and non-operating assets. Model debt-free, cash-free transaction adjustments transparently using your own figures.
No account required. Financial inputs are processed in your browser and are not saved.
The adjustments that bridge Enterprise Value to Equity Value
An agreed Enterprise Value is only the starting point. ValuBridge brings together the principal completion adjustments used to reconcile that value to the indicative amount attributable to shareholders.
Enterprise Value vs Equity Value
Enterprise Value reflects the value of the underlying operations. Equity Value is the residual value attributable to shareholders after relevant completion adjustments.
Working capital
Compare current operating working capital with an agreed or normalised target and calculate the resulting positive or negative adjustment.
Net debt / net cash
Reconcile debt-like items against cash available for credit, including an optional minimum operating cash requirement.
Non-operating assets
Identify surplus property, investments and other non-core assets that may be added separately to Equity Value.
Transparent classifications
Classify each balance-sheet item once as Operating, Cash, Debt-like, Non-operating, Outside Equity or Excluded to reduce double-counting.
Print-ready output
Produce a clear browser-generated equity bridge summary suitable for review, discussion and inclusion in a transaction working file.
A transparent reconciliation from deal value to shareholder value
ValuBridge applies the familiar debt-free, cash-free bridge used in M&A transactions while keeping each adjustment visible and separately reviewable.
The precise treatment of individual items depends on the relevant transaction documents and agreed completion mechanics. ValuBridge allows classifications and assumptions to be reviewed and adjusted accordingly.
Enterprise Value is not the cheque a shareholder receives
M&A transactions are commonly negotiated by reference to Enterprise Value, but the amount ultimately attributable to shareholders can differ materially once the balance sheet and completion mechanics are considered.
Working capital relative to an agreed target, cash available for distribution, bank borrowing, lease obligations, tax balances, deferred consideration and surplus assets can all affect the bridge from Enterprise Value to Equity Value.
ValuBridge makes those adjustments explicit rather than burying them inside a spreadsheet model.
Current vs target working capital
A surplus or deficit against the agreed target moves Equity Value up or down.
Cash available for credit
Surplus cash, subject to a minimum operating level, can reduce the net debt deduction.
Debt-like liabilities
Borrowing, lease obligations and tax-like balances are deducted from Enterprise Value.
Non-operating and surplus assets
Assets outside the core operations are added back separately to reach Equity Value.
Build the bridge in four steps
Enter Enterprise Value
Enter the agreed or assumed Enterprise Value and optional transaction reference.
Enter the balance sheet
Add only the balances relevant to the transaction and review their classifications.
Review the adjustments
Set target working capital and, where relevant, the minimum operating cash assumption.
Review Equity Value
See the complete EV-to-Equity reconciliation, supporting schedules and waterfall, then print or save the analysis as PDF.
See a complete Enterprise Value to Equity Value bridge
Follow a fictional UK SME transaction through working capital, cash, debt-like items and non-operating assets to see exactly how the final Equity Value is derived.
View Sample Equity BridgeUseful across the M&A process
ValuBridge is designed for situations where Enterprise Value must be reconciled transparently to an indicative Equity Value.
Buy-side analysis
Review likely completion adjustments before or during financial due diligence.
Sell-side preparation
Understand how cash, debt and working capital may affect proceeds to shareholders.
Corporate finance
Produce a consistent equity bridge for transaction analysis and discussions.
Accountants & advisers
Model transaction adjustments without maintaining another bespoke spreadsheet template.
Built for transparent analysis
Browser-based
Financial inputs are processed locally in the browser.
No account
Start using the calculator without registration or login.
Visible methodology
Key calculations, classifications and assumptions are shown rather than hidden behind a black-box result.
Visible methodologyBridge Enterprise Value to Equity Value
Enter your transaction assumptions and build a transparent indicative equity bridge in minutes.