Free webinar with 2010 cost of capital report, by Grabowski
The 2010 Duff & Phelps Risk Premium Report is on its way: Co-authored by Roger Grabowski and David King, this year’s compilation expands on prior cost of capital measures ...
Latest AHLA guide discusses fairness opinions, M&A, and goodwill
The AHLA Transactions Resource Guide is a free collection of articles from leading healthcare experts that discuss significant transaction issues in the healthcare industry. Some of the authors are with Duff & Phelps, VMG Health, Wipfli, and others.
Valuation Handbook - Guide to Cost of Capital and the Risk Premium Toolkit: What You Need To Know in 2016
Valuation Handbook - Guide to Cost of Capital and the Risk Premium Toolkit: What You Need to Know in 2016 Webinar Handbook March 30, 2015 Presenter: Roger Grabowski (Duff & Phelps) Please note: This Handbook does not ...
Are your cash flow forecasts getting less attention than they should?
Inputs for the cost of capital are increasingly evolving, and much debate takes place over which sources reign supreme—just look at the loyal camps that support ERP data from Duff & Phelps ...
IVSC adds Morton to Financial Instruments Board
The International Valuation Standards Council (IVSC) announced that Marcus Morton, a managing director of valuation services at Duff & Phelps/Kroll’s London offices, has joined its Financial Instruments Board.
BV movers . . .
Carla Nunes, managing director in the Office of Professional Practice (OPP) of Duff & Phelps, based in the Philadelphia office, and a Kroll Institute Fellow, has been elected as practitioner director of the Financial Management Association (FMA).
BV movers . . .
Joe Lee, CFA, CPA, a former Duff & Phelps associate, and Ilya Vorobyev, CFA, who was previously an assistant vice president at PwC, have joined Valuation Research Corp. (VRC) as vice presidents.
First-ever face-off of cost of capital platforms
BVR’s Cost of Capital Professional and the Duff & Phelps Cost of Capital Navigator went head-to-head for the first time, headlining the annual two-day conference of the Virginia Society of CPAs.
BVU News and Trends July 2019
A monthly roundup of key developments of interest to business valuation experts.
Does the Size Effect Still Exist? New Analysis From Pratt and Grabowski
In the upcoming fifth edition of their essential book, Cost of Capital: Applications and Examples, Shannon Pratt, FASA (Shannon Pratt Valuations), and Roger Grabowski, FASA (Duff & Phelps), reveal new analysis that examines the existence of the size premi ...
New Research From Grabowski and Abbott on Recovery and Growth
New upcoming research from Roger Grabowski (Duff & Phelps) and Ashok Abbott (West Virginia University) challenges conventional wisdom about long-term growth rates and economic recovery.
Global BV News: European goodwill impairment up 18% in 2019
Total goodwill impairment recorded by European-listed companies in the STOXX® Europe 600 increased for a second consecutive year, rising 18%, to €36.4 billion (bn) in 2019, as fears of a slowdown in global growth persisted, according to the “2020 European Goodwill Impairment Study,” from Duff & Phelps.
Grabowski to Appraisers: Read More than Just the Back Page of Ibbotsons
In this exclusive interview, Roger Grabowski, ASA (Duff & Phelps, Chicago) discusses the recent Risk Premium Report (RPR) update, its strengths as well as its weaknesses, and plans for future expansion.
Adjusting Cost of Capital for Prevailing Market Conditions
Revenue Ruling 59-60 requires that the fair market value of specific shares of stock reflect general economic conditions, be they “normal,” “boom,” or “depression.” However, this requirement cannot be met using the Ibbotson and Duff & Phelps cost of capit ...
Cost of Capital Options Increase As ERPs Remain Stable
There no longer seems to be any debate about which study of U.S. historic capital markets is “definitive.” Now that 2007 updates are available to both Morningstar/Ibbotson’s Stock, Bonds, Bills, Inflation® (SBBI) Valuation Edition Yearbook and Duff ...
Duff & Phelps Cost of Capital Navigator adds international industry benchmarking module
The new international industry benchmarking module (available in late October) provides subscribers with comprehensive global industry-level statistics for approximately 90 industries in four global regions, with data to support valuation dates from March 2015 to the present.
Concerns Over Data Security in Online Cost of Capital Tools
Business Valuation Update attended the recent NYSSCPA business valuation conference in New York City where several attendees expressed concerns about entering sensitive client data into online tools for estimating the cost of capital. The providers of the Duff & Phelps Cost of Capital Navigator and BVR’s Cost of Capital Professional respond to these concerns.
CPE events
Business Combinations and Fair Value for Financial Reporting. June 10, 10:00 a.m.-11:40 a.m. PT/1:00 p.m.-2:40 p.m. ET. Featuring: Dr. G. William Kennedy (Duff & Phelps, A Kroll Business). CPE Credits: 2.0.
Global BV News: Multiples in China lower than year-end 2020
As of Aug. 31, 2021, earnings multiples (price to LTM earnings) for Chinese companies were lower overall than those at the end of 2020, with an average of 30.8x compared to 40.3x for year-end 2020, according to “China Transactions Insights—Fall 2021” from Duff & Phelps (a Kroll business).
BV luminaries celebrate Festivus
What are the bugaboos of leading BV practitioners? For Roger Grabowski (Duff & Phelps/Kroll), it’s errors he sees in estimating long-term growth rates—he contends that analysts should not be using long-term real GDP growth plus expected inflation.
Family Law Dispute Resolution – Different Strokes for Different Folks
CICBV 2012 National Valuation Conference Family Law Dispute Resolution – Different Strokes for Different Folks September 21, 2012 Westin Bayshore, Vancouver, British Columbia Andrew J. Freedman, CA‧IFA, CBV, ASA Duff & Phelps Canada Limited duffandphe ...
D&P’s de Gray releases new financial damages guide for lost value calculations
Neil de Gray, a director in the Toronto office of Duff & Phelps, makes a strong argument for the use of business valuation professionals in any calculation of damages in his new guide The Financial Damages Model for Loss of Value, published late last month by Lexology.
Letter to the Editor: Avoid Double-Counting With Total Beta?
Dear Editor: I agree with the premise in Ted Israel’s article in the June 2011 BVU that the “opportunity” to double count risks is tremendous with either Ibbotson or Duff & Phelps data. As Professor [Aswath] Damodaran has indicated, the build-up method m ...
BV movers . . .
Nancy Czaplinski, CPA/ABV/CGMA, CFA, ASA, managing director in the Valuation Advisory practice at Duff & Phelps, has been appointed as a member of the AICPA Accredited in Business Valuation (ABV) Credential Committee for a 12-month term that started on May 21.