New Epsilon Research, FactSet, and DealStats studies offer valuers first indications of the current trajectory in private-company values
Most valuers sense that small and medium-sized enterprises are less marketable, and less valuable, than they were at the beginning of the year.
Meanwhile, business analysts must be ever more cautious in their selection of listed company comparables
Choosing listed company comparables as a proxy for a small-business valuation has always required a leap of faith.
A Revisit of ‘Known or Knowable’ and Subsequent Events in the COVID-19 World
The authors have a recurring client for whom they perform an annual valuation as of December 31. They give a best practice suggestion as to how to address the coronavirus in their valuation report. The article includes a COVID-19 timeline they developed.
A Veteran Valuer’s Guidance on COVID-19 and the ‘Soul’ of a Business
An interview with Robert Schlegel, FASA, MCBA (Houlihan Valuation Advisors), in which he gives his perspectives on our current economic environment and how that affects the business valuation community.
Perfect Storm: COVID-19 and 2020 Election—Unexpected Windfall for E&G Tax Planning
Insights into the impacts on the estate and gift tax area and the opportunities it presents for business valuers.
A View From the UK on the Cost Approach Amid the Current Crisis
The Cinderella of business valuation approaches is likely to make it to the ball when we start to count the economic cost of the present crisis.
Is History Repeating Itself? A List of BV Guidance From the 2008 Financial Crisis
Insights from business valuation history can give some degree of help during today’s crisis. Here are some blasts from the past courtesy of the search capabilities of the BVResearch Pro platform.
BVU News and Trends May 2020
A monthly roundup of key developments of interest to business valuation experts.
Global BVU News and Trends May 2020
Business valuation news from a global perspective.
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.
Structure, Valuation & Tax Insights for Logistics & Trucking Companies
Join Jaclyn Burket Frank and Ricky Castillo for an engaging trip into the world of logistics and trucking businesses. Discover the different types of entity structure along with the advantages and disadvantages of each structure. Learn how the 2018 tax law impacted each entity structure and common deductible/nondeductible expenses for the logistics and trucking industry. The industry-specific adjustments to consider along with specific questions to ask business owners to determine whether economic, governmental, and location ...
AICPA issues FAQs on valuing distressed or impaired businesses
Strong companies may see the current pandemic as an opportunity to fortify their balance sheets and other assets, according to the AICPA’s FAQs on Valuation Considerations When Valuing Distressed or Impaired Businesses.
Alternate market-based valuation methods amid COVID-19
In order to use the market approach in the wake of the coronavirus, your approach will depend on the valuation date and the date the impact of COVID-19 was felt in the market.
Valuation and Covid-19 Update: BVR Townhall and Q&A
In part two of this town hall-style event, Michelle Gallagher, Gary Trugman, Stacy Collins, and Harold Martin talk through key impacts of COVID-19 on valuation issues. From cost of capital to family law to guideline companies, the impact on the inputs, approaches, and the business we value is profoundly felt. Experts who have weathered financial crises before are doing a yeoman’s job of keeping current with the ever-changing information. Send early questions and comments to ...
Should you consider a special COVID-19 premium?
During a recent webinar, a question came up as to whether or not valuation analysts should be separately identifying a risk rate associated with the impact of COVID-19 on a subject company.
Global BV News: IVSC extends comment period on inventory guidance
The International Valuation Standards Council (IVSC), the independent standard-setter for the global valuation profession, has extended the comment period to June 30 for its exposure draft on the valuation of inventory.
IVSC’s Darling describes how business valuation during COVID-19 differs from the 2008 financial crisis
The IVSC, in collaboration with RICS, released a new video looking at the impact of COVID-19 on global markets, geopolitics, and the global economy on 20 April.
In BVU article, Strickland suggests cost approach may be the ‘Cinderella’ of current crisis
The cost approach is normally accorded a lower status for going concerns, but Andrew Strickland advises valuers to think twice given the current crisis.
EU risk-free rate declines, and the market risk premium increases to 9.0%
A special edition (fifth) of the “European Capital Market Study” from ValueTrust was released last week.
IPEV offers guidance for 31 March valuations
The International Private Equity & Venture Capital Valuation Guidelines Board has issued special guidance for applying the IPEV Valuation Guidelines when estimating fair value at 31 March 2020.
Market Volatility and Its Impact on the Valuation Advisors Pre-IPO Database
The recent stock market volatility has ripple effects on pre-IPO studies, which are used to estimate a discount for lack of marketability (DLOM).
The Impact of COVID-19 on Restructuring, Insolvency & Impairment
The world of valuation has changed along with everything else. In this panel on the Impact of COVID-19 on Restructuring, Insolvency & Impairment, three experts will discuss the changing environment for valuation assignments. Craig Jacobson, Richard Peil, and Dan Korcyk each bring a unique perspective and will discuss three specific areas where valuation activity might increase due to the virtual shutdown of the U.S. economy. Finally, we will discuss topics related to performing valuations in ...
Hitchner shares his COVID-19 timeline
When was COVID-19 known or knowable for valuation purposes?
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.
Global BV News: Cost of capital parameters in Europe as of March 31, 2020
ValueTrust has released a special edition (fifth) of its “European Capital Market Study” that serves as a comprehensive compilation of capital market parameters such as cost of capital and implied as well as historical risk premiums for European countries.