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Stay appraised of all the latest business considerations in the jewelry industry! The report explains how jewelry stores operate, the nature of their revenue streams, value drivers, the industry environment, the risks involved, and other key factors.
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The Balance Sheet and its Correlation to Company Specific Risk
The pandemic is teaching us that businesses, small and large, and their balance sheets are important not just from handling a pandemic, but also from sustaining operations. Understanding assets, and which matter, will help analysts determine the specific company risks. Expert Josh Shilts discusses which categories are important in understanding risk and what ratios and other analyses can be used to measure risk. Identifying and linking balance sheet financials to company-specific risk is a critical ...
Family Matters: Standard of Value, DLOM/DLOC Discounts and Drama in BV
A buried body, sex surrogates, and family-owned business create a dramatic background for a recent court case impacting valuation. With complex minority discounts, this case kicks off a compelling discussion of key issues in family law. Experts Stacey Udell, Neil Beaton, and Ron Seigneur tackle these thorny issues with clarity and comedy. Get treated to the tricks and tips you’ll want when your next family-owned business engagement rings your doorbell.
Forecasting: Removing Rose Colored Glasses
Projections are commonly relied on for business valuations, lost profits analyses, reorganization plans, and a host of other projects within litigation. Using forensic accounting analysis, the speaker will address “rose-colored” projections and how to work with them. Expert Josh Shilts will discuss how to increase confidence levels of projections using macro and micro market data along with statistical analysis.
A Hybrid Approach to Determining Company-Specific Risk
This webinar will first explain the theoretical reasoning as to why a company-specific risk premium is necessary for a small business when using the buildup method to estimate the cost of capital. I will then present a hybrid approach using the multiattribute utility model to quantify the company-specific risk premium. Finally, I will show how to incorporate Monte Carlo simulation into the model to determine the range of potential company-specific risk premium. Attendees will have ...
Alternate Valuation Methods in the Era of COVID-19
COVID-19 has substantially affected the financial and economic characteristics of privately held and publicly traded businesses throughout the U.S. In this presentation, the presenters will address the valuation impact of COVID-19 and the potential distortions that can occur when traditional valuation approaches and methods are mechanically applied. In the current environment, it is important for analysts to think “outside-the-box” when performing business valuations with valuation dates occurring during the first and second quarter of 2020.
Advanced Workshop on Cost of Capital
The emergence of recent studies, resources, and scholarship has created something of an evolution of how appraisers understand and implement cost of capital techniques. Despite the age and ubiquity of this valuation tool, new questions are being asked about how best to derive and apply its constituent parts to arrive at a reasonable and defensible conclusion of value. Driving the way are new questions regarding the make-up and application of data resources; the relative validity ...
Better. Faster. Free. How Business Intermediaries Can Excel With DealStats (A Free Webinar)
Listing a business with well-researched comps and data-backed analysis gives confidence to both the advisor and business owner. In this special session, designed for business intermediaries and business brokers, learn how to use DealStats (formerly Pratt’s Stats) to identify and analyze comparable private business sales. DealStats has advanced search functionality and built-in analysis tools to take the pain out of doing market research. Join over 10,000 deal professionals who make up the BVR Contributor Network ...
U.K. Case Law Update: Recent Decisions That Impact Your Valuation
Business valuation is undergoing significant evolution in the UK, and it's impacting the way valuations are treated in court. Join valuation experts Andrew Strickland and Luke Morris for a look at recent UK cases that address key areas of business valuation, including the increased use of definitions from the International Valuation Standards in Court. Get briefed on four cases that challenge the roles of UK valuation experts, and get tips for using financial models in ...
Credit Ratings and Debt Ceilings: How Will Recent Actions by the S&P and Federal Government Affect Business Valuation?
The news late August 5 of Standard and Poor's downgrading of U.S. credit for the first time in history sent uncertainty through debt and equity markets with unheralded speed. For the business appraisal community, the move has the potential to reach far and wide: from unsettling the certainty of a truly "risk-free" rate to potentially impacting the outlook and forecasts of many diverse and seemingly disparate industries. On August 16, BVR welcomes Ron Seigneur and Don ...
Finding and Analyzing Royalty Rates
By rejecting the previously accepted 25% "rule of thumb," Uniloc v. Microsoft has established a future where more stringent analysis and documentation will be paramount to creating a compelling argument in the calculation of patent infringement damages. With a new onus on appraisers to perform thorough and exhaustive due diligence in royalty rate calculations, third-party licensing agreements have become an even more important part of any damages analysis. For many practitioners, knowing where to find ...
Valuation of Small Promissory Notes
Privately held promissory notes (typically $0 to $10 million) need to be valued for gift/estate, tax, and related party transactions. However, bonds from publicly traded companies are not comparable because publicly traded companies are large, diversified, and represent much less risk. Note buyers typically discount the outstanding balance of privately held notes to yield a return of 12% to 20% depending on the collateral and other risk factors. Since corporate bonds yield around 4% to ...
Fair Value Measurements Amid the Covid-19 Crisis
Reporting entities in recent years generally benefited from a growing economy, which may have allowed auditors to gain comfort with fair value measurements for financial reporting purposes with relatively less documentation. The disruption to global economic activity and financial markets suggest that a business as usual approach may no longer apply to these same fair value measurements. Consequently, reporting entities can expect fair value measurements to receive greater scrutiny from their auditors and a heighted ...
Small Business, Bankruptcy and Business Valuation
The Small Business Restructuring Act makes Chapter 11 reorganization proceedings faster, cheaper and more efficient for companies that come to Bankruptcy Court with debts below the statutory cap. That may allow certain small business to survive the current turmoil resulting from the corona virus pandemic. What is, however, not yet clear is the role of business valuators in the process. Michael Pakter explains what that role might be.
Up Your Industry Analysis: How Vertical IQ Can Improve Your Valuation Report (FREE WEBINAR)
Join the co-founder and CEO of Vertical IQ, Bobby Martin, who will share how industry intelligence can help you have more value-added discussions with the business owners you advise along with valuation expert Jim Ewart. By leveraging industry-specific content in the business valuation process, you will increase new client percentages and strengthen existing relationships. Learn the best practices for using industry intelligence to go beyond the basic requirements of business valuations.
Determining the FMV of Privately Held Promissory Notes
Privately held promissory notes need to be valued for gift/estate, tax, and related-party transactions. These appraisals must objectively consider the same risk and reward relationship that we use when valuing an operating company. However, the data sources that have historically been used are problematic. For example, corporate bonds from publicly traded companies are not typically comparable because publicly traded companies are large, diversified, and represent lower risk. This webinar will present a better source of ...
Law Firms: Valuation and Other Consulting Opportunities
Ron Seigneur examines of one of the trickiest and, some would say, most ubiquitous professional service companies to value. Through this presentation, expert Ron Seigneur reviews the operational characteristics of law firms, the challenges they present, and how best to overcome these obstacles in the valuation process. Participants will receive a customized information request list for a law practice valuation assignment. In addition to Seigneur's past position as CFO of a 50-attorney firm, he has ...
Advanced Workshop on Regression Analysis
Perhaps no valuation technique or method is more misunderstood or underutilized than regression analysis. When ignored, it removes a powerful and highly insightful tool from the valuation process, leaving the appraiser attempting to utilize less appropriate methods to accomplish similar results. While its omission may be a result of misunderstanding, an inability to explain and defend its workings, or a lack of awareness of its usefulness, it is a method not to be ignored. In the ...
Valuing Law Firms
In Valuing Law Firms, BVR's Industry Spotlight Series continues with an examination of one of the trickiest and, some would say, most ubiquitous professional service companies. Through their presentation, experts Ron Seigneur and Pete Peterson will review the operational characteristics of law firms, the challenges they present, and how best to overcome these obstacles in the valuation process. In addition to Seigneur's past position as CFO of a 50-attorney firm, this panel has consulted with ...
Fairness Opinions and Projections
Join the expert panel of Craig Jacobson, Richard Peil of GlassRatner, and Jeff Rothschild for this advanced instruction on fairness opinions in 2019. Learn both legal and financial aspects of fairness opinions, with a special focus on the role of projections used in the underlying valuation analysis, with special insight on the interaction between management and the opinion provider. The legal environment for fairness opinions, including descriptions of best practices, will also be considered.
American Business Appraisers and BVR Annual Key Issues Update
Every year American Business Appraisers brings together experts from across the country for a frank and practical discussion of the issues impacting business valuation. This year, everyone is invited to four great sessions. Get a current update on the SBA Paycheck Protection Program and the forgiveness application. Adam Rosenfield gives an overview of what the most recent changes to the program are and how that affects clients/future clients. Get guidance on how the loan and ...
Impact of Tax Cuts and Jobs Act on Valuation: Six-Month Review (A Web Workshop)
The Tax Cuts and Jobs Act (TCJA) was the biggest change to tax law in over 30 years, containing provisions related to individual and business taxation. Six months in, it is time to digest and discuss the impacts for valuation professionals. This expert-led panel includes Stacey Udell, Michelle Gallagher, Michael Morhaus, and Kevin Yeanoplos and will be sure to deliver an eye-opening discussion about key aspects of the TCJA and how it impacts your engagements.
Valuing Small Businesses Worth Less Than $1 Million
December 16, 2004 Teleconference Transcript; Panel: Rand Curtiss (Moderator), Jeffrey Jones, Shannon Pratt, and Gary Trugman ...
Discounting Damages to Present Value: Today’s Hottest Issue
July 2005 Teleconference Transcript; Panel: Robert Dunn (Moderator), Brian Brinig, Ev Harry, and Mike Wagner ...
Valuing Professional Practices
December 2005 Teleconference Transcript; Panel: Ron Seigneur (Moderator), Mark Dietrich, and Kevin Yeanoplos ...
Calculating Goodwill: What is Personal and What is Professional?
January 18, 2006 Teleconference Transcript; Panel: Ron Seigneur (Moderator), Jim Alerding, Kevin Yeanoplos, and Mark Dietrich ...