The net asset value method is used for Company valuation, is not an independent procedure there, but is used as a supplement.
The intrinsic value can be:
A daily value of the assessable assets of the company at the time of the transfer or sale, which are necessary for the business.
A future-oriented intrinsic value that is understood as the difference between the discounted payments of the company to be assessed and the discounted payments for a correspondingly similar, newly established company.
Future substance value
The future substance value can result:
A negative future substance value that does not make buying the company to be assessed appear advantageous.
A positive future substance value that shows how high the - discounted - savings are if the company to be assessed is acquired instead of being rebuilt.