Expanding the Cost of Capital Horizon Beyond CAPM
We will see many advances in estimating the cost of capital in future years, as it is still relatively unknown how risk is priced. That was one of the messages of two sessions on cost of capital at a recent valuation conference. In addition, insights were offered on such topics as normalising the risk-free rate, the ERP, the size premium, and liquidity.
Historic Trends in MVIC/EBITDA Multiples From Pratt’s Stats™
We last presented quarterly median valuation multiples, as derived from the Pratt’s Stats™ database, in the December, 2004 BVU. At the time, we included median values of the MVIC/EBITDA multiple for the quarters 1Q 1998- 3Q 2004. Since then, several sub ...
The Impact of Real Estate on the Valuation of an Auto Dealership
The status of the dealer’s real estate can significantly affect the valuation of an automobile dealership. Aside from inventory, real estate is often an auto dealership’s largest asset. Depending on how the real estate is recorded in the dealership’s fina ...
Valuation Multiples for Accounting Firms Per Pratt’s Stats
Editor’s note: It’s merger mania time for accounting firms—and it won’t let up anytime soon, according to the new 2015-2016 Rosenberg MAP Survey of CPA firms. This article examines recent transaction data for sales of accounting firms to help valuation an ...
Expanding the Cost of Capital Horizon Beyond CAPM
We will see many advances in estimating the cost of capital in future years, as it is still relatively unknown how risk is priced. That was one of the messages of two interesting sessions on cost of capital at the recent NACVA annual conference in San Die ...
Suggested Quality-Assurance Practices for Monte Carlo Analysis of a Geometric Brownian Motion Process
This article suggests certain procedures that a valuation specialist can perform to test the results of a Monte Carlo analysis of a geometric Brownian motion process. First, this paper describes the Monte Carlo technique and the geometric Brownian motion process. Next, several examples are provided to show simulation results using different assumptions. Finally, this paper recommends certain procedures, calculations, and analyses that will help test the veracity of the model.
Auto Dealership Valuation and Damages: Under the Hood (A BVR Web Workshop)
For BVR's first workshop of the year, experts Adam Lawyer, Robert Davis, Stephen Dietrich, and Joseph Roesner put the pedal to the metal on what you need to know about valuing auto dealerships. Participants will get a top-of-the-line understanding of the different dealership models and the industry as a whole. Why should you attend? —Practical tips and advice: Join our auto industry expert panel to get current and practical tips for your next auto dealership valuation; —Valuation ...
Improvements to BVMarketData enhance usability of valuation databases
Over the past year, the increase in transactions and the improvements to Pratt’s StatsTM and the other database products, as well as several new features, continue to make the BVMarketDatasm ...
Trends in MVIC to EBITDA by quarter as revealed by Pratt’s StatsTM
We are including here updated median multiples through the third quarter of 2004.
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 ...
New Excel Add-In: Incorporate Guideline Public Company Data Seamlessly
Join the Value Analytics team for a deep dive into the Value Analytics Excel plug-in. This demo will provide an overview of the plug-in functionality and supporting documentation. Proprietary templates are introduced to facilitate analysis for users. Find out how to access public-company data at an affordable price ...
Valuing Auto Dealerships: Applicable Methods, Value Drivers, and Current Economic Environment
Join Tim York and Adam Lawyer to learn about a multitude of considerations to take into account when valuing an automotive dealership, including franchise, location, real estate, management, and more. Today’s dealership valuation environment is further impacted by continued consolidation, a new wave of investors, the cyclical nature of the business, and possible other industry disrupters. Get the presenters’ perspectives on the many unique factors to consider in auto dealership valuation along with an update ...
Latest Issues in Valuing Auto Dealerships
Join Tim York and Adam Lawyer to learn about the multitude of considerations to take into account when valuing an auto dealership valuation, including franchise, location, real estate, management, and more. Today’s dealership valuation environment is further impacted by a new wave of investment capital stemming from private equity and family office investor entry. In addition to the challenges related to private equity/family office side, there is often a lack of understanding in terms of ...
Excellent speakers and varied topics at the AICPA’s 2004 business valuation conference (Part 3 of 5)
The AICPA’s 2004 National Business Conference took place at the JW Marriott Orlando Grande Lakes Resort in Orlando, Florida (November 7-9, 2004).
Excellent speakers and varied topics at the AICPA’s 2004 business valuation conference (Part 4 of 5)
The AICPA’s 2004 National Business Conference took place at the JW Marriott Orlando Grande Lakes Resort in Orlando, Florida (November 7-9, 2004).
Excellent speakers and varied topics at the AICPA’s 2004 business valuation conference (Part 5 of 5)
The AICPA’s 2004 National Business Conference took place at the JW Marriott Orlando Grande Lakes Resort in Orlando, Florida (November 7-9, 2004).
Finding Comps in DealStats: Examples and Best Practices (A Free Webinar)
The market approach is required in most valuations, but taking hours to find comps? That’s optional. Join Adam Manson, Mitchell Cameron, and Oday Merhi, the team behind the world’s largest private-transaction database, for a review of 10 time-saving functions within DealStats. With five search scenarios, you will get firsthand lessons on how to maximize your DealStats experience. Be sure to get your questions answered in this free training session!
Valuation of Technology Companies: A Fair Value Update
Get an update on the guidance to fair value measurement under ASC 820 as applicable to the valuation of software companies, based on the guidance in the AICPA Guide on the Valuation of Portfolio Investments of Venture Capital and Private Equity Funds and Other Investment Companies and other best practices. Join Antonella Puca, Andreas Dal Santo, and Adam Kindreich for an overview of the valuation methodologies that are suitable for the valuation of software companies ...
DealStats: Market Data. Evolved. (A Free Webinar)
This July, Pratt's Stats will become DealStats, an enhanced and vastly upgraded transaction data platform. While maintaining all of the critical features you have come to rely on, BVR has added upgraded and enhanced benefits for valuation's go-to source for the market approach. If you perform the market approach, you know the value of finding better comps faster. Don’t miss this event led by the ace team behind the data, and be ready for the ...
Take Control of Your Premiums
Join BVR for a first look at the new Control Premium Study platform. In the session we will cover the basics of the control premium study, discuss the enhancements to the platform, and provide a walkthrough of how to best utilize the new platform to retrieve control premiums, minority discounts, and multiples.
Double Dipping: Income, Assets, and Double Counting in Divorce
In the first installment of BVR's Advanced Webinar Series on Business Valuation in Divorce, experts Stacy Collins and Don DeGrazia join attorney Adam John Wolff to examine how financial experts can avoid the double counting of income and assets in a marital dissolution. From practical guidance on best practices to regulatory and jurisdictional considerations, this experienced and knowledgeable panel will address how to recognize so-called "double dips" and how to properly value various business aspects ...
Built for BV: The New Platform for Guideline Public Company Comps
In March, BVR will launch a new guideline public company comps platform with Excel add-in. This new robust tool will help BV professionals maximize their guideline public company method work. Attend this webinar and learn how to streamline your guideline public company comparable searches and results by using this new platform. Using a structure similar to the DealStats platform, users will have the access to a wide range of beneficial features, which will be showcased ...
Getting the Most from the Mergerstat®/BVR Control Premium Study
Many practitioners use this database for minority discounts and control premiums, but did you know that this database serves as an excellent valuation tool? The valuation multiples published by the database are imperative when utilizing the merged and acq ...