Valuation expertise
Convertible & Structured Securities
Specialist analysis of securities with conversion, redemption and preference features, recognising how contractual terms shape each instrument's underlying economic value.
An informed perspective
The value of a structured security depends on what its terms allow, require and protect. We assess convertible debentures, preference shares and other instruments with distinct economic features. Our work considers the underlying business alongside conversion mechanics, payment terms and the rights attached to the security being valued.
When this expertise matters.
- Compulsorily convertible instruments
- Optionally convertible instruments
- Preference shares and structured investments
- Issue, transfer and transaction valuation
Our approach.
We read the instrument documents closely and map the relevant economic outcomes before building the valuation. Depending on the terms, the assessment may involve income, scenario or option-based techniques. Particular attention goes to the assumptions that connect contractual rights, the underlying business and the value attributed to the instrument.
A clear, useful conclusion.
The exact scope and deliverables are agreed at the outset. An engagement may include:
- An instrument-specific valuation conclusion
- Analysis of material contractual features
- Model assumptions and supporting explanation
Every engagement starts with a conversation
Your next decision.
A clearer perspective.
Tell us what you’re considering.
We’ll help you understand the valuation you need.