In Focus

• Preparing a Company to Go Public
• The Intersection of M&A and Internal Controls: A Comprehensive Report
• Post-Transformation Integration Considerations for Internal Auditors
• Complexities Abound in Debt and Equity Accounting and Valuation
• New SEC Rules Require Cybersecurity Disclosure: How To Prepare

Wide Lens

• How IT Due Diligence 2.0 Maximizes Value in M&A Transactions
• Chapter 11-Related Liability Transactions Require Tax Review
• M&A Deal Slowdown Gives Firms Time for a Tax Portfolio Physical
• Performing a License Agreement Comparability Analysis in Patent Litigation: Key Decisions and Considerations
• Do Gig Workers Do Gigs or Are They Employees Under New DOL Rule?

What’s Trending

• The Clock Is Ticking: Legislative Effect on the Valuation of TikTok
• Biden Announces Pause on Pending Approvals of LNG Exports
• Q1 Activity Shaping the Outlook for 2024 in Life Sciences Sector
• The Top Value Drivers of Companies in the Oil and Gas Industry
• Scaling the Finance Function for a Pharmaceutical Product Launch
• Understanding 409A Valuation in Biotech: Unique Challenges and Approaches

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As auditors continue to place increased focus on the implementation of advanced qualitative methods for valuing securities, Stout’s Complex Securities & Financial Instruments team works with businesses to structure and value compensation awards that align employee incentives with long-term company performance, including performance units, total shareholder return awards, and performance options.

Our team of experts complete 1,000+ complex security engagements annually and have deep experience in the following services: 

• Pre-award planning, design, structuring, and valuation consulting
• Consultation on accounting standards and disclosure requirements
• Estimation of forfeiture rates, volatilities, correlations, and other inputs for valuing awards
• Valuing any type of award to satisfy regulatory requirements, including those with complex performance- or market-based vesting, payoff, or exercise features 

Learn more about our Complex Securities & Financial Instrument practice.

Select Engagements

• Performed complex security valuations for biotechnology company
• Assisted pharma company with valuations at all stages of evolution
• Equity valuations and PPA for next-gen healthcare software company
• Equity valuations to administer stock incentive plan

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Select Insights

• Analyzing the Risk Profiles of 4 Common Types of Equity-Based Employee Awards
• Valuing Equity Interests in Complex Capital Structures: Common Valuation Approaches
• Valuing Equity Interests in Complex Capital Structures: Case Studies
• A Roadmap for the Valuation of Pre-IPO Equity Interests 

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Our 1H 2024 Energy & Power Industry Report includes an overview of macro trends, energy credit trends, private capital, and more.

Key insights from the report include:

• Strong M&A activity was observed in upstream and midstream markets due to commodity price increases
• Liquified natural gas markets continued to grow, responding to global supply-demand imbalance
• 2024 is set to test energy transition as regulation increases

Download the full report and subscribe to our industry updates.

“The engagement partner was incredibly professional and performed a complex valuation under extreme time pressure. His interactions with (our auditor) gained their confidence and sped up our audit process.” - Chief Financial Officer at medical device company

“When an additional valuation was needed to support our project, (Stout) quickly took on the extra work and delivered on time.” - Vice President - Controller and Finance Operations at travel management platform

Stout had an excellent year in 2023, growing our revenue by nearly 45% and adding 236 new professionals. You can read more about our accomplishments from 2023 in Stout's annual report.

Stout is proud to be recognized as a top fairness opinion provider in 2023 by LSEG in its Global M&A Financial Advisory Review.

Stout is delighted to announce its partnership with Chainalysis, a blockchain data platform that provides data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 70 countries.

Stout is proud to announce the 2024 winners of the Women in Business Scholarship, the Diverse Emerging Leaders Scholarship, and the inaugural LGBTQ+ Scholarship. These scholarships provide $2,500 each to students who demonstrate a commitment to promoting diversity and are pursuing a business-related career.