BVU News and Trends November 2020
A monthly roundup of key developments of interest to business valuation experts.
‘Overstated’ projections sink plaintiff’s fair value determination
Earlier this year, a New York trial court presiding over a buyout dispute featuring an online wholesaler of faucets, sinks, and fixtures rebuffed the departing shareholder’s valuation.
DealStats now lets nonsubscribers search comparables
The DealStats public- and private-transaction database now allows a nonsubscriber to fully utilize the “Quick Search” and “Search” tabs to view limited information on the “Data” tab.
BVU News and Trends April 2020
A monthly roundup of key developments of interest to business valuation experts.
BVU News and Trends February 2020
A monthly roundup of key developments of interest to business valuation experts.
BV opportunities in the construction industry
Ever since the housing crash, residential and commercial construction has been in a steady state of rebound.
BVU News and Trends January 2020
A monthly roundup of key developments of interest to business valuation experts.
BVU News and Trends December 2019
A monthly roundup of key developments of interest to business valuation experts.
Median EBITDA multiple now 4.4x for small and medium enterprises
The median selling price/EBITDA multiple across all industry sectors is 4.4x, according to the 4Q 2019 DealStats Value Index (DVI).
New DealStats Hall of Fame members
DealStats now lists over 30,000 private-company and 4,000 public-company M&A transactions, thanks to business brokers and other intermediaries who contribute the data.
DealStats adds 35 new fields of data, other enhancements
As of October 16, DealStats, the leading database of transactions in the private and public sectors, will have 35 new fields of data.
EBITDA multiples by industry: 2Q 2019 analysis on private-company selling prices
Business Valuation Resources recently published EBITDA multiples by industry in our DealStats Value Index (DVI). DVI presents an aggregated summary of valuation multiples and profit margins for over 30,000 sold private companies listed in our DealStats database. This post includes some of the highlights from the report.
BVR offers resources to help UK business valuation professionals
Financial analysts in the UK have often struggled to find auditable market and financial data to support their assumptions and conclusions.
M&A world converges July 15-17 at the AM&AA summer confab in Chicago
The 22nd Annual AM&AA Global Summer Conference boasts a solid program and a once-a-year networking opportunity for anyone in the deal-making space!
Dates for your business valuation diary
IVSC-WAVO Global Valuation Conference 2019,13-14 June, Frankfurt, Germany ...
BVWire—UK survey of multiples sources confirms lack of a perfect small-business valuation comparables resource
Business valuers in the UK often rely primarily on public-company multiples, given the lack of other comparables.
The Legend of Weighted Average Return on Assets and Benchmarking Purchase Price Allocation Data
The author's research shows that only current assets, non-competes, and customer relationships have any predictability to WACC in limited industries. In general, when intangibles have significance, their coefficients are negative, which reduces WACC and implied risk. This finding supports the claim by Lev and Gu (2008) that intangibles are important assets, which reduce, not increase risk. The concept that intangible always should have a premium above WACC is unfounded, and the premise of ARM 34 that intangibles are ancillary assets is outdated. The author suggests and alternative method to use purchase price allocation data to support the selection of premiums above WACC.
Pratt’s Stats/DealStats Market Analysis Survives Appeal by Owner Spouse
Appellate court finds no error in trial court’s adoption of market-based value determination by husband’s expert; expert acknowledged this was not the preferred method to value the small company, but company’s problematic financials and uncooperative attitude “compelled” use of this approach.
Hultz v. Kuhn
Appellate court finds no error in trial court’s adoption of market-based value determination by husband’s expert; expert acknowledged this was not the preferred method to value the small company, but company’s problematic financials and uncooperative attitude “compelled” use of this approach.
Infographic reveals value predictor via DealStats analysis
BVR’s “What’s Your Company Worth?” infographic is as visually captivating as it is informative, concisely summarizing the most statistically significant predictor of value for each major NAICS industry.