BizMiner launches free help for your small-biz clients
BizMiner, a provider of industry and geographic data business valuers use, has launched a public service called the LOOK UP! Initiative.
Easing on physical inspections begins while RICS (and others) promote data-driven property appraisals
BVWire—UK has been following the evolution of the property appraisal market as it switched to data-only valuations in response to COVID-19 (and mortgage lenders either stopped issuing new loans, or significantly reduced their maximum loan-to-value cap, effectively keeping most new buyers out of the market).
CPE events
Side Effect of COVID-19: Beta Changes Impacting Business Valuations. New Date: December 10, 10:00 a.m.-11:40 a.m. PT/1:00 p.m.-2:40 p.m. ET; Featuring: Clifford Ang (Compass Lexecon) and Andrew Roper (Catalyst Economic Consulting LLC).
CPE events
Side Effect of COVID-19: Beta Changes Impacting Business Valuations. New Date: December 10, 10:00 a.m.-11:40 a.m. PT/1:00 p.m.-2:40 p.m. ET; Featuring: Clifford Ang (Compass Lexecon) and Andrew Roper (Catalyst Economic Consulting LLC).
Long-term inflation estimates rise, per Kroll infographic
Long-term inflation expectations for the U.S. and Germany, a key starting point to evaluate the long-term growth rate used in the terminal year of DCF analyses, are significantly higher when compared to June 2020, at the height of the COVID-19 crisis, according to a newly updated infographic from Kroll.
CPE events
The Impact of COVID-19 on Restructuring, Insolvency & Impairment. April 29, 10:00 a.m.-11:40 a.m. PT/1:00 p.m.-2:40 p.m. ET. Featuring: Craig Jacobson (GlassRatner), Richard Peil (GlassRatner), and Dan Korcyk (GlassRatner).
CPE events
Fair Value Measurements Amid the COVID-19 Crisis. July 29, 10:00 a.m.-11:40 a.m. PT/1:00 p.m.-2:40 p.m. ET. Featuring: Brad Taylor (Marcum) and Nicholas Parseghian (Marcum). Part of BVR’s Special Series on Fair Value.
Valuing Distressed and Impaired Companies in the Time of Coronavirus
The Coronavirus Pandemic has created perhaps the most unusual economic downturn at least in our lifetimes and likely in the past 100 years. For Americans, the Pandemic stopped in its tracks one of the most explosive economic growth and expansion in many years, if ever. Overnight almost, businesses that were economically sound and growing were turned into distressed and impaired businesses. Jim Alerding will analyze the valuation perspective needed to value a distressed or impaired ...
Journal of Business Valuation 2021 Edition
From the CBV Institute ...
Amid Market Data Volatility, the Best Option Is a More Rigorous DCF
A panel of global valuation experts who conducted a recent webinar co-sponsored by RICS, and also NACVA, the ASA, GACVA, and CBVI gives their comments.
Shares and Assets Valuation’s Thomas warns valuers to ‘please, do a sense check’
HMRC’s Shares and Assets Valuation (SAV), whose remit is the valuation of all shares and nonland assets for tax purposes, hosted popular Fiscal Forum meetings until 2018, but, for reasons of internal change and then COVID-19, business valuers have not had the opportunity to hear directly from the agency since then.
Valuing Telehealth Services
Join Todd Zigrang and Jessica L. Bailey-Wheaton for a discussion of the valuation of telehealth services in the healthcare industry. Learn the current telehealth trends and the role of telehealth in the healthcare industry. Gain an understanding of the types of telehealth services typically provided, such as clinical services, management services, and the provision of technology, and how these services may vary by healthcare industry subsector. Get expert guidance on typical valuation approaches as they ...
Deloitte releases surprisingly optimistic survey of UK CFOs
Deloitte’s latest CFO survey for Q4 2020 should provide an emotional lift for all business leaders and valuers—even though the survey was conducted the week before the new COVID-19 restrictions were announced on 19 December and the Brexit deal on 24 December.
Global BVU News and Trends May 2020
Business valuation news from a global perspective.
Will COVID-19 open up the PIPES market in the UK? Baker MacKenzie say yes.
Private investments in public equities (PIPES) are a little-used financing alternative in the UK, but a new article by Baker MacKenzie London partners Nick Bryans and James Thompson in this month’s International Financial Law Review (IFLR) suggests that need may outweigh the huge cultural and regulatory hurdles.
COVID-19 to Trigger More Requests for ‘Risky’ Calculation Reports, Expert Says
It’s a settled matter about whether calculation reports “can” be used, but “should” they be used is another issue. Veteran valuation expert Kevin Yeanoplos (Brueggeman and Johnson Yeanoplos PC) explores this concern in a session at the recent BVFLS conference sponsored by the Virginia Society of CPAs (VSCPA).
Will HMRC enforce its new tools in post-COVID-19 insolvencies?
Since 1 December 2020, HMRC has regained its status as a preferential creditor. Valuation experts working with distressed businesses and insolvencies will need to assess HMRC’s reinstated role carefully, since no one is entirely clear yet on how Treasury intend to respond once winding-up restrictions end or whether delayed tax payment agreements are enforced.
Adjusting Risk Free Rates Is Not the Best Answer
Are the traditional discounts developed by appraisers too low in this era of the Great Recession? Are they producing values that are too high as a result? Many appraisers have declared that the current low 20-year bond rates are an aberration and in nee ...
Valuation Issues in the Coming Wave of Goodwill and Asset Impairments
Widespread stock price declines and recessionary conditions will significantly affect corporate valuation and financial reporting of goodwill and long-term assets. The S&P 500 index, which represents a broad cross-section of the economy, declined by about ...
Goodwill Impairment in a Troubled Economy
Valuation experts Ed Morris, Jim Alerding, and Brian Steen will cover the hands-on, must-know issues relating to recognizing, testing, and accounting for goodwill impairment. For all valuation practitioners, this presentation is an imperative preparation for the coming wave of impairment-related valuation issues. Indeed, Ed Morris notes "we've seen some increase in goodwill impairment for the 2008 financial statements, but we think that's going to continue—and if nothing else accelerate—in 2009, and get into some of ...
New ‘Subchapter V’ bankruptcies gain steam
Valuations have always been a crucial element in bankruptcies.
‘Plenty of room' for new experts in bankruptcy valuations, says Reilly
There is “plenty of room in the bankruptcy discipline for new practitioners,” says Robert Reilly (Willamette Management Associates), who co-presented a session at the recent AICPA FVS Conference with Josh Shilts (Shilts CPA).
14 Ways to Detect Misrepresentations in Business Interruption Claims
Business interruption insurance claims are on the rise, and analysts need to be on the lookout for misrepresentations. Michael Haugen (JS Held) conducted a session on this at the recent AICPA FVS Conference, and it’s an area where valuation experts would do well to bolster their knowledge and skills in financial forensics. Haugen gives some tips on how to “sniff out” misrepresentations in these claims.
Be on the lookout for BI misrepresentations
Business interruption (BI) insurance claims are on the rise, and there are “great opportunities” for analysts on both the business owner side as well as the insurance company side, according to Michael Haugen (JS Held), in an article in the April issue of Business Valuation Update.
Major changes in energy sector valuations
In the wake of the pandemic, there is a “paradigm shift” in valuations in the energy sector, according to one speaker at the Energy Valuation Conference, hosted by the Houston Chapter of the American Society of Appraisers on May 12.