1. Executive Summary We have been engaged to estimate the fair market value of the business enterprise known as Mazor Robotics, Ltd. (below “Business Enterprise”) as of September 30, 2014 for the purpose of learning and exploring the valuation of the subject as a part of the semester paper. This estimate of value analysis is based on the use of fair market value as the standard of value. For the point at the matter of this analysis, fair market value is defined as the expected price at which the business would change hands between a willing buyer and a willing seller1, based on its future evaluation income, neither being under a constraint to close the deal and both having full conversance of all the relevant facts. This is nearly similar to the market value basis definition as it is stated under the International Valuation Standards2. The report was conducted under the basis of value in on-going activity as a going concern business company. We have based our analysis on the business financial statements, which were available as a public data. We have employed one of methodologies for which to measure valuation. Some of the of limited size medical technology companies do not turn profitable immediately as they
