The company's value and the value certificate
Settings › "Company Value" keeps the history of the company's valuations, which the profiles use to estimate what the shares are worth. In "Share Value" you prepare, year by year, the book value for the value certificate shareholders receive, with its template and its email notification.
The essentials. They are two different values. The one in "Company Value" is a valuation (that of a funding round, for example) and is used to estimate. The one in "Share Value" is the book value at the close of a financial year and is used to certify.
The company's valuation#
Settings › "Company Value" holds the table of values with their "Date", the "Company Value", the "Share Value" and whether it was given per share. The most recent valuation is the one the profiles use: the "Valuation" block of each shareholder and the value of each beneficiary's units.
- Click "Add value".
- Enter the "Date" and the value. You can give the whole "Company Value" or the "Share Value", per share, and choose whether it is calculated on the %ND or the %FD.
- Decide whether it updates automatically. A checkbox asks whether you want the company's value to update automatically when you record a capital increase, a split or a capital reduction.
- Click "Add". If you have several valuations to enter, tick "Do you want to add more valuations?" and the form stays open.
Below the table there is a setting to hide the incentives chart in beneficiaries' profiles.
The value certificate#
Many shareholders need, every year, a document with the value of their shares for their Wealth Tax return. In Sttok it is prepared in Settings › "Share Value", which has three parts:
- "Share Value": add the value for the year. Click "Add annual value". In "Details for the Share Value Certificate", choose the "Year", type the "Book value (Balance Sheet Equity Value)" and choose the "Signing administrator", who will receive an email notification. Save with "Save annual value".
- "Certificate template": review the text. This is the text of the certificate, with variables that Sttok fills in for each shareholder: the shareholder's name and NIF, their shares, their par value and the value that corresponds to them. You can edit it and save it with "Save".
- "Notify shareholders": let them know. It shows the details of the notification and a preview of the email, which tells them their certificate is available and takes them to their profile. It is sent with "Review and send notification".
Review the template before notifying. Variables are written between double curly brackets, such as SOCIO_NOMBRE_Y_APELLIDOS. If you delete one by mistake, that detail won't appear on any certificate.
What happens next#
- Each shareholder has their certificate in the Documents tab of their profile, under "Issued by the company".
- The "Share Value" table keeps each financial year with its book value, its EBITDA and the date it was last modified. Sttok doesn't calculate the EBITDA: the administrator enters it by hand.
Frequently asked questions#
Which value does a shareholder's profile use?
The valuation in "Company Value". The "Valuation" block of the profile takes it as its starting point, and its simulator lets you move it to see other scenarios. It is not a figure recorded in the register of registered shares: it is an estimate.
Can I issue the certificate for a previous financial year?
Yes: add the annual value for that year in "Share Value".
Related
- Issue a certificate for a shareholder A certificate attests, with an administrator's signature, something about the shareholder according to the register of registered shares: that they hold certain shares (ownership), what they are worth (value) or what they have received from the company (income), among others. Sttok generates it from the recorded data and stores it in the Documents tab of the shareholder's profile, under "Issued by the company".
- A shareholder's return (ROI) The "Investment and return" block in the Summary tab of a shareholder's profile compares what they have put into the company with what they have received from it. What was invested comes from the capital increases they subscribed and the shares they bought; what was received, from what they were paid when selling and from dividends. The difference is their realized result.
- The company's details Settings › "Basic details" holds the company name, the CIF, the type of company, the currency and the registered office, as well as settings that decide how Sttok works for that company: whether shareholders are notified, whether they can see the full shareholder base, whether it is a holding or test company and which language the emails are sent in. You edit them by clicking any row.
- What an incentive plan is An incentive plan is how Sociedad Ejemplo, S.A. shares with its team part of the value it creates: it grants you units that become yours over time and that turn into money when the company opens a liquidity window.