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M&A · AUGUST 2026 · CASTELLANOS - RICO Y ASOCIADOS

Financial due diligence: the numbers that can change a transaction price

The objective is to distinguish sustainable earnings from extraordinary effects, accounting policies or situations that should not be projected forward.

What to review

A good due-diligence process quantifies findings and helps determine whether price, structure, warranties or transaction terms should change.

Management implications

Reported profit is only the starting point when analyzing an acquisition.

  • Normalizaciones de EBITDA.
  • Quality of earnings
  • Caja disponible.
  • Net debt and debt-like items
  • Normalized working capital

Key indicators

Our work in key indicators combines financial, tax and business considerations to support practical decision-making.

A single metric is rarely enough.

Value emerges when indicators are read together, compared with budget and translated into concrete management action.