Independent Business Valuation & Economic Analysis
Harry Pattikawa provides independent valuation research and economic analysis of listed companies, with a focus on cash flows, earning power, asset quality, capital discipline and business risk.
The research is designed for professionals, business readers, analysts, accountants and valuation-minded readers who want to understand how business value is estimated from publicly available information.
The objective is not to provide financial product advice, personal financial advice, stock recommendations, target prices, or buy, sell or hold opinions. The objective is to make valuation more transparent, more understandable and more connected to the economics of the underlying business.
“The purpose of valuation is not to make the future certain, but to make the assumptions about the future visible.”— Harry Pattikawa
Independent Business Valuation & Economic Research
Harry Pattikawa is an independent valuation and financial analysis specialist based in Rotterdam, The Netherlands. Graduated with a business valuation certificate from Rotterdam School of Management, Erasmus University (2001), combining 23+ years of professional experience across banking, corporate credit analysis, tax analysis, and financial reporting.
The research is designed for professionals, business readers, analysts, accountants, and valuation-minded readers who want to understand how business value is estimated from publicly available information without sales pressure or broker bias.
01. Valuation Framework & Business Quality
Structured valuation mechanics prioritizing Free Cash Flow to Equity, reinvestment efficiency, and financial resilience.
02. Implied Cost of Equity & Return Assumptions
Transparent discount rate estimates derived directly from observable market prices and fundamental cash flows.
03. Educational Valuation Case Studies
Comprehensive educational valuation research case studies on listed companies for analytical readers worldwide.
Research & Valuation Case Studies
The European Business Valuation Magazine
“Rethinking the Cost of Equity: A Transparency-Based Framework for Decision-Useful Business Valuation”.
Cash-Flow-Implied Valuation Methodology
Structured valuation mechanics prioritizing Free Cash Flow to Equity, reinvestment efficiency, and risk modeling.
Educational Business Valuation Report
Complete educational valuation research case study on listed companies including forecast assumptions and sensitivity matrix.