Go-Public Transactions Research Repository

Valuation workpapers

Transaction pages state what a transaction cost and what public investors received. Valuation is a separate exercise resting on assumptions this project selects rather than on facts an issuer reported, so it is kept in its own workpapers where those assumptions can be read and disagreed with.

What these are, and what they are not

A workpaper sets out a peer set or an operating forecast, the reasoning behind each input, and the arithmetic that turns those inputs into a value. Under the citation standard, reported facts, site calculations, assumptions and conclusions are labelled separately, and in a valuation the assumptions dominate. Two analysts using the same filings will reach different values, and the workpaper exists so a reader can see exactly where the difference arises.

None of this is investment advice, a price target or a recommendation. The repository has not adopted a policy for making them.

Available

  • Bob's Discount Furniture comparable-company analysis

    Valuation workpaper · Bob's Discount Furniture 2026 IPO

    Seven US-listed furniture and home-furnishings retailers, with enterprise value computed both excluding and including operating lease liabilities, and Bob's stated on the same basis. Prices, share counts and balance sheet items are editable inputs; every multiple, peer statistic and premium recalculates.

    Fiscal year-ends span June 2025 to April 2026, so revenue figures are not contemporaneous and no common last-twelve-months basis is attempted. Multiples are trailing; IPO pricing generally references forward estimates, for which this project has no source. The set spans value to luxury positioning, so the median is reported alongside the full range and not as a target. Finance leases are excluded from every column, consistent with the transaction page.

  • Bob's Discount Furniture discounted cash flow

    Valuation workpaper · Bob's Discount Furniture 2026 IPO

    A ten-year free cash flow model built on the company's reported fiscal 2025 ratios, with every driver an editable input. A second sheet reports enterprise value across a grid of costs of capital and terminal growth rates, recalculating from the same cells.

    Every forward figure in this model is an assumption this project selected. The company published no projections with the offering, so none of them is a reported fact. The operating margin is held flat for ten years, more than half the enterprise value sits in the terminal value, and capital expenditure is proxied by cash used in investing activities. The enterprise value is discounted to December 28, 2025 while the equity bridge uses the March 29, 2026 balance sheet; that gap is not adjusted for. The sensitivity grid spans a range of 1.88 times from corner to corner, which is the result worth reading rather than the point estimate.

  • Social Capital Hedosophia sponsor promote and dilution model

    Dilution workpaper · IPOA / IPOB / IPOC de-SPACs

    Founder shares, private placement warrants, public warrants, deferred underwriting and equity-plan reserves reconciled to fully diluted share counts across all three vehicles on consistent terms. A separate sheet compares every projected line in each proxy, revenue and the non-GAAP lines, against reported results, with the margin and earnings measures built as formulas over editable reported inputs.

    Redemptions are deducted only for IPOC, whose completion Form 8-K states them; the other two are stated on a no-redemption basis and are upper bounds. Transaction expenses other than deferred underwriting are not disclosed in the filings reviewed and are not deducted. None of the three proxies reconciles its projected non-GAAP lines to a GAAP measure, so whether a projected measure and the later reported measure of the same name share a definition is not established.

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A note on access

The form above records an email address; it does not restrict access. This site is served as static files, so a workpaper is retrievable by anyone who has its URL whether or not they submitted the form. It is described here as a courtesy rather than presented as a control, because implying otherwise would misrepresent how the site works.

Email addresses submitted here are delivered to the repository's form provider and used to send the requested workpaper and notify recipients when it is revised. They are not sold.