Using Rule of Thumb Data to Uncover Cooked Books
In addition to using rule of thumb data to corroborate a value conclusion reached using other methods, the data are also helpful for validating historical financials—particularly for cash-intensive businesses. An example and some metrics for cash businesses are presented.
A Channel Analysis Is Key When Valuing a Fast-Food Restaurant
There has been a seismic shift in the operations of limited-service restaurants since the pandemic—and there’s no sign of reverting. Channels of revenue have been upended. Therefore, an analysis along these lines is important when valuing these entities, advises an expert in this space.
BVR to webcast Energy Valuation Conference May 16
Once again, this year, BVR is pleased to partner with the Houston Chapter of the American Society of Appraisers (ASA) to present a live webcast of the Energy Valuation Conference on May 16.
Some wine with that valuation?
Very few attendees at a recent webinar had ever done a valuation of a winery.
The Valuation of Dealerships
Many items are purchased from dealerships. We will provide the background and history of dealerships, walk through the profit centers of dealerships, and perform a high-level mock valuation of a dealership.
BVR’s Guide to Physician Practice Finance and Valuation, Fourth Edition
April 2024 Hardcover, PDF (594 pages)
Mark Dietrich
Business Valuation Resources, LLC
Is Your Subject Business Still Feeling the Effects of COVID-19?
The pandemic is over, but the symptoms may linger for a long time. For valuation analysts, the concern is whether the businesses they are appraising will be impacted over the long term—an impact that could be positive or negative. An example is the limited-service restaurant business, such as fast-food, pizza, coffee shops, and the like.
Harvesting Knowledge: The Valuation of Wineries
A winery is a unique business that is easy to understand but difficult to value. This presentation will dig into the anatomy of a transaction and how deals are priced and closed as well as the valuation of a winery for compliance purposes. These different scopes of work present different challenges that focus on a buildup of value and assets combined with a fundamental understanding and value of consolidated cash flows. We will present two ...
Kroll examines the staffing industry
Here are a few insights on the North American staffing and human capital industry from Kroll.
A Wealth of Rules of Thumb in the 2024 Business Reference Guide
At a recent conference, an audience member asked top valuation thought leader Gary Trugman (Trugman Valuation): “Do you use rules of thumb in your valuations?” He replied: “Absolutely! But only as a sanity check.” A good source of rules of thumb is the Business Reference Guide, which has been updated for its 2024 edition.
FactSet Review, 2024
May 2024 Hardcover, PDF
FactSet Mergerstat
Business Valuation Resources, LLC
2024 ASA Energy Valuation Conference
Valuers need to examine the lingering effects of COVID-19
The pandemic is over but not for some businesses that continue to feel the effects—and this impacts valuation.
SBA lending data added to Vertical IQ
The Vertical IQ industry research platform has added key data sets of Small Business Administration (SBA) lending trends and industry performance insights.
Next in Line! Valuing a Limited-Service Restaurant
The restaurant segment is broad and consists of multiple segments with different risk and growth profiles. It is important to categorize a restaurant concept into the appropriate segment properly. This webinar will provide a basis for the classification of restaurants into the appropriate segment. No business is valued in a vacuum, and, to value a restaurant properly, it is important to classify the subject restaurant correctly and understand the different risk and growth profiles across ...
Reminder: Preorder deal on the 2024 Business Reference Guide
The 2024 print edition of the Business Reference Guide (BRG) by Tom West is now available for preorder at a 20% savings if you click here (valid through December 31).
Kroll releases Valuation Insights Q4 2023
In the Q4 2023 edition of Valuation Insights, Kroll experts provide a recap of current global economic and financial market conditions and discuss the implications of a higher cost of capital on valuations, M&A, and IPO markets in the fourth quarter of 2023 and 2024.
Preorder deal on the 2024 Business Reference Guide
The 2024 print edition of the Business Reference Guide (BRG) by Tom West is now available for preorder at a 20% savings if you click here (valid through December 31).
New Research Finds That Industries Have Different Growth Rates
An update to ongoing research by Roger Grabowski (Kroll) and Dr. Ashok Abbott (West Virginia University) supports the use of different long-term growth rates for different industries and the use of the three-stage DCF.
BVPro adds new guide on valuing jewelry stores
BVR’s BVResearch Pro platform adds new content continually to its collection of over 20,000 articles, books, special reports, court case digests, webinar transcripts, and more.
Several industry reports of note
Some valuation firms and practices that have specialties in various sectors put out some interesting industry-specific reports, and they are free.
What It’s Worth: Valuing Jewelry Stores
November 2023 PDF (113 pages)
BVR (editor)
Business Valuation Resources, LLC
Any impact to multiples from Section 174 changes? Not in this industry
The tax code’s Section 174 requires research and experimentation (R&E) expenses to be capitalized and written off over time.
The 2023 Cannabis Reset: A Redux of 2019?
As we roll through 2023, getting well past what many are calling the post-COVID-19 pandemic era, the cannabis industry appears to be hitting a major reset button. Inflationary trends continue near a 40-year high with no sign of a quick retreat, legislative reforms for the industry have stalled, interest rates and the cost of capital continue to be significant challenges in the sector, and labor and supply-chain disruptions also continue in some jurisdictions.
Private Equity Roll Up of Professional Practices Valuation Considerations
This webinar transcript focuses on private equity roll-up acquisitions of professional practices and the possible effect of these transactions on business valuation.