The Valuation Paradigm of COVID-19: Using the DCF Method After an Economic Crisis
The challenge amid today’s market disruption is to revert back to the foundational elements of valuation and how to properly apply those “blocking and tackling” fundamentals during very untraditional times.
COVID-19 Cloud Has Silver Lining in the Cannabis Sector
A good example of the varying effects of COVID-19 on different industries can be found in the cannabis sector. Of course, the pandemic has had devasting effects overall, but something interesting happened in this sector that allowed it to weather the storm fairly well, according to valuation experts close to the industry.
Poll: Some valuation experts expect an increase in business
During BVR’s recent town hall webinar on the valuation impacts of COVID-19, 25% of the audience said they expect business valuation engagements to “increase slightly” and 21% said business will stay the same.
COVID-19 may have increased minority shareholder discounts, 1Q2021 study suggests
The FTSE and other UK indices show that noncontrolling marketable interests in listed companies have increased during COVID-19 (despite the Boris discount and other factors).
Michigan court decides COVID-19 business interruption claim; many more cases in the pipeline
COVID-19-related business interruption cases are winding their way through the court system, and one state court, in a matter of first impression, recently issued a decision.
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 ...
PwC survey: CFOs become less optimistic about recovery time
“Hopes that the outbreak will dissipate quickly are receding,” according to the PwC COVID-19 CFO Pulse Survey.
BV needs ‘outside-the-box’ solutions to document COVID-19-era business valuations
COVID-19 has substantially affected the financial and economic characteristics of privately held and publicly traded businesses.
COVID-19 takeaways from NACVA’s Virtual Super Conference
In the last issue, we gave you some takeaways from the NACVA and the CTI’s 2020 Business Valuation and Financial Litigation Super Conference that was held online over five full days (June 15 to June 19).
Global BV News: Eurozone private M&A soars despite COVID-19
Private equity acquisition prices in the eurozone soared to a new record, according to the free Q4 2020 Argos Index, confirming an overheated rebound to what now appears to be a business value “blip” caused by COVID-19.
Eurozone deal multiple index ignores COVID-19 and sets a record
The free Q4 2020 Argos Index, released last week, shows that private equity acquisition prices in the eurozone soared to a new record, confirming an overheated rebound to what now appears to be a business value “blip” caused by COVID-19.
Since COVID-19, 43% of home appraisals have ‘down-valued’ purchases
Benham & Reeves, the London estate agency, reports that 43% of UK house sales since COVID-19 (through May 2021) were sold despite being down-valued by their RICS.
COVID-19 may trigger set aside of previous marital consent order (and increase hidden bitcoin assets)
Love may not survive, but the financial obligations of marriage carry on, even when COVID-19 changes the valuation of marital assets.
Sequel to BVR’s free town hall webinar May 6
By popular demand, BVR will hold a second free town hall webinar, Valuation and COVID-19 Update: BVR Townhall and Q&A, on May 6.
Global BV News: Spotlight on pharma firms in KPMG’s 4Q20 valuation brief
COVID-19 continues to dominate a lot of the discussion in KPMG’s Quarterly Brief—International Valuation Newsletter for the fourth quarter of 2020.
Agenda available for Energy Valuation Conference May 12
A post-COVID-19 outlook for the energy sector, downstream refineries, upstream reserves, oil and gas valuations, and complex infrastructure assets are some of the topics on the agenda for the Houston Chapter of the American Society of Appraisers (ASA) Energy Valuation Conference on May 12.
Today! ASA Energy Valuation Conference streams live
A post-COVID-19 outlook for the energy sector, downstream refineries, upstream reserves, oil and gas valuations, and complex infrastructure assets are some of the topics on today’s agenda for the Houston Chapter of the American Society of Appraisers (ASA) Energy Valuation Conference.
How Is Coronavirus Affecting the Business Valuation Community?
The unpredictable coronavirus is disrupting work plans of valuation and accounting firms and impacting the global market. Conferences are being postponed and offering webcast versions, firms are limiting travel, supervisors are encouraging virtual meetings, and new ways to help prevent the spread of the disease are introduced every day. Here are some recent developments, issues, and advice that everyone should consider, including factors to favor when performing a valuation in this turbulent, uncertain time.
Can You Do Two Valuations With the Same Date? Yes, Says Hitchner
A valuation done pre-COVID-19 may be obsolete, so can you update it using the same valuation date and factor in the impacts of the pandemic? Yes, says James Hitchner (Valuation Products and Services), and he believes doing so is not in conflict with the valuation standards.
No act of God excuse for Victoria’s Secret buyer—February agreement excepted pandemic
In the wake of COVID-19, a number of buyers have resorted to force majeure (aka act of God) clauses to withdraw from deals.
Global BV News: Highlights of KPMG’s Q2 valuation brief
COVID-19 dominates a lot of the discussion in the latest edition of KPMG’s International Valuation Newsletter (12th edition), published quarterly.
Business interruption cases and the role financial experts can play
To mitigate the impact of COVID-19, business owners have increasingly turned to business interruption insurance.
COVID-19 impacts BV conferences
As BV conference season approaches, the obvious question is how the coronavirus is impacting these events.
What family law practitioners need to know about COVID-19-related legislation
In a recent webinar, hosted by the American Academy of Matrimonial Lawyers (AAML), high-caliber presenters examined provisions in the mammoth COVID-19 federal legislation that are of particular significance to family law practitioners (attorneys and business valuators).
Does COVID-19 alter the Companies Act, or the value of minority shares?
All business valuers accept the fact that minority shares hold discounted value.