Beware of this loaded question about projections amid COVID-19
Projections have always attracted scrutiny, but the pandemic has intensified this attention.
Is COVID-19 changing the types of new BV engagements?
BVWire—UK discussed this topic with a number of business valuation experts in the UK and North America and discovered a surprising degree of stability, given FTSE risk and overall predictions of GDP reductions in the 7%-to-15% range.
AAML/BVR Virtual Divorce Conference starts September 9
It’s a whole new world for valuations in the context of marital dissolution, so don’t miss the Virtual Divorce Conference, presented by the American Academy of Matrimonial Lawyers (AAML) and Business Valuation Resources (BVR).
VSCPA BVFLS conference September 16-17
Valuing a business in the post-COVID-19 pandemic economy, how to review a valuation report, the misunderstood calculation report, and practice-building strategies are just some of the topics at the Business Valuation, Fraud and Litigation Services Conference sponsored by the Virginia Society of CPAs.
Global BV News: Damodaran to conduct masterclass on valuation
Professor Aswath Damodaran (New York University Stern School of Business) will conduct a masterclass in valuation as part of the IVAS-IVSC Business Valuation Conference 2020 October 6-7.
What do KPMG and BDO have to say about current valuation and forecasting approaches?
COVID-19 dominates a lot of the discussion in the latest edition of KPMG’s 3Q2020 International Valuation Newsletter (IVN), though, as editors Johannes Post and Rolf Langenegger note, it ‘is not the only issue.’ BVWire—UK readers looking for a good summary of the effects the pandemic has had on UK and global markets should turn here, even though the effects on private companies, the LSE, and other markets are now familiar to everyone.
What factors contribute to inconsistent business valuation multiples?
Three professors at the Leipzig Graduate School of Management reviewed 1,149 recent private equity cross-border transactions to determine the consistency of the business valuation metrics.
Understanding the Science of COVID-19 Is Key to Assessing Valuation Impacts
For the economy to recover, the origin, transmission, and “hot spots” related to the coronavirus have to be understood. Much of the economy is highly localized, so the nightmare of the spreading virus will impact future cash flow of the smaller businesses most valuation experts work with. This is an excerpt from the new “BVR Briefing: The Real Story of COVID-19 for Valuation and Litigation Experts.”
Cost of Equity and COVID-19: What to Do? (Update)
Using a forward-looking approach, implied volatilities, and total beta to determine an appropriate cost of equity to supplement one’s analysis during today’s unprecedented times.
BVU News and Trends August 2020
A monthly roundup of key developments of interest to business valuation experts.
Global BVU News and Trends August 2020
Business valuation news from a global perspective.
IRS deals with triple whammy as it reviews valuations
The government shutdown, budget cutbacks—and now the pandemic—have impacted the IRS and how it selects and reviews tax returns that include valuations.
D&P offers infographic on cost of capital amid COVID-19
Which financial market and economic indicators did Duff & Phelps take into consideration when it arrives at its recommended U.S. equity risk premium and accompanying normalized risk-free rate?
Estate planning opportunity amid depressed business values
Among the key takeaways from the recent ENGAGE 2020 conference sponsored by the AICPA was one of particular interest to business valuers.
Free webinar tomorrow on valuations for marital dissolutions
Join us for a free, action-packed, 60-minute webinar of short compelling insights into business valuations in a divorce context from leading experts.
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.
Virtual Divorce Conference offers 1:1 video networking
Want to connect one-on-one with a valuation expert or attorney specializing in divorce matters?
BVFLS conference in Virginia September 19-20
Last year, BVWire attended the Business Valuation, Fraud & Litigation Services Conference sponsored by the Virginia Society of CPAs (see some prior coverage here).
Free webinar reveals divorce valuation insights
Mark your calendar for an August 27 free webinar designed as a lightning round of observations and advice about divorce valuations in today’s challenging environment.
In COVID-19 Business Interruption Case, Court Finds Business Adequately Alleges It Suffered a Physical Loss
In this business interruption case resulting from mandatory shutdowns to control COVID-19, the court declined to grant a motion to dismiss claims of plaintiffs; plaintiffs, inter alia, adequately allege that they suffered a physical loss due to COVID-19.
Studio 417 v. Cincinnati Ins. Co.
In this business interruption case resulting from mandatory shutdowns to control COVID-19, the court declined to grant a motion to dismiss claims of plaintiffs; plaintiffs, inter alia, adequately allege that they suffered a physical loss due to COVID-19.
Global BV News: D&P surveys impairments in the Asia-Pacific region
Close to a third of the companies surveyed in the Asia-Pacific (APAC) region anticipate taking a goodwill impairment, according to a survey report from Duff & Phelps.
When market data are volatile, the best alternative is a more rigorous DCF
Quarterly economic indicators are barely sufficient for business valuers now.
How can you get BV CPD during COVID-19?
The short answer is ‘virtual.’
The Market Price of Risk: Quantifying a COVID-19 Equity Risk Premium Using High-Yield Bond Pricing
The authors demonstrate how a high-yield option-adjusted spread is used when doing appraisals of private companies while considering the market volatility and economic slowdown caused by the COVID-19 pandemic.