Global BVU News and Trends June 2023
Business valuation news from a global perspective.
Global BVU News and Trends May 2023
Business valuation news from a global perspective.
BVU News and Trends April 2023
A monthly roundup of key developments of interest to business valuation experts.
Free report on public-company multiples
Salvidio & Partners has developed a quarterly research report that provides multiples for global operating public companies by industry.
SaaS valuation multiples see dramatic decrease
While the software-as-a-service (SaaS) industry is poised for significant growth, revenue multiples are projected at a three-year low, averaging a prepandemic level of about 5.5%, according to a report from FirstPageSage.
Global BV News: 2022 was a record year for Swiss M&A, per KPMG
Despite the gloomy economy, the number of mergers and acquisitions with Swiss involvement hit a new record high in 2022, surpassing the numbers of the past 10 years, according to KPMG in its report “Clarity on Mergers & Acquisitions.”
Global BV News and Trends January 2023
Business valuation news from a global perspective.
Global BV News: Industry multiples down in Europe
EV/EBITDA multiples have generally decreased in Europe over the third quarter of 2022, according to the fourth edition of Kroll’s “Industry Multiples in Europe” quarterly report.
Valuations of German and European banks
The decline in market capitalizations coupled with a positive earnings outlook has led to record levels of the implied cost of equity of 14.8% for European banks and 17.8% for German banks, according to the latest edition of the Alvarez & Marsal’s “Germany Valuation Insights.”
Global BV News: Industry multiples in Europe decrease in 2Q22
Almost all sectors/industry groups presented in a recent Kroll report observed a decrease in their EV/EBITDA multiples during the second quarter of 2022.
Global BV News and Trends November 2021
Business valuation news from a global perspective.
Global BV News: Market risk premium reverts in Germany
Recent analysis on the German market suggests that the perceived risk of equity investing has dropped back to its precrisis levels, according to Alvarez & Marsal, which does a regular analysis of pricing dynamics in Germany.
Global BV News: Multiples in China lower than year-end 2020
As of Aug. 31, 2021, earnings multiples (price to LTM earnings) for Chinese companies were lower overall than those at the end of 2020, with an average of 30.8x compared to 40.3x for year-end 2020, according to “China Transactions Insights—Fall 2021” from Duff & Phelps (a Kroll business).
Enterprise Value Adjustment Multiple for Post-Tax Reform Valuations
An intuitive method to adjust enterprise values that were calculated using pretax reform M&A multiples that arguably do not reflect the tax characteristics of the new tax law.
Done Deals data supports small company risk premiums
The controversy continues both as to the impact of company size on pricing multiples and also as to whether public companies tend to command higher prices than private companies in control sale transa ...