Intangible assets are essential for the growth and competitiveness of enterprises.
Due to the consultancy capacity and technical quality of its reports, Ikersa entrusted Gesvalt with the task of determining the value of a unique asset such as a genetic patent.
Hortícola Ikersa is a newly created agricultural company that has already become the largest specialist operator of hanging tomatoes in Spain. Much of its success is due to the marketing of patented varieties and specific products, as well as the possibility of customising the final product.
The company invested 4 years of research in collaboration with the University of Valencia to develop a new genetic variety of tomato.
Our work consisted of the valuation of plant breeder's right (genetic improvement) on a plant variety, a new genetic mutation created by the Andalusian company.
By definition, for a plant variety to be recognised as new, the breeder obtains the right by breeding, discovering or developing a plant variety through breeding methods and techniques, which can range from basic selection to the application of advanced genetic engineering technology.
How is the value of a special asset determined?
The valuation of a special asset may vary depending on its nature. A specific team of experts is needed to arrive at an appropriate value. In general, the methodology combines factors such as market demand, rarity, condition of the asset, usefulness and other factors particular to the type of asset.
The valuation of an intangible asset requires an investigation of the essential factors affecting its market value. In this regard, the following come into play:
- The nature of the asset: realised income and the potential of the business to generate future income.
- The current level of exploitation of the right and its correspondence with the income obtained.
- The state of the economy in general and of the market in particular.
- The risk involved in the investment.