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In today’s environment, an understanding of the economy is more crucial than ever in valuations.
What do auditors expect from business valuation forecasts during COVID-19?
Auditors around the globe will be expecting multiple forecast scenarios in reports from their valuation experts.
BVU News and Trends June 2020
A monthly roundup of key developments of interest to business valuation experts.
Global BVU News and Trends June 2020
Business valuation news from a global perspective.
Global BV News: Auditors seek multiple scenarios for COVID-19 impact
To evaluate the possible outcomes of COVID-19 on valuation, auditors are looking for multiple scenarios for projections, reports a panel on a newly released webinar, June 2020 Update—COVID Webinar.
The CFNAI plunged to -16.74 in April
The Chicago Fed’s National Activity Index (CFNAI) came in at -16.74 in April, down from a revised -4.97 in March (see chart below).
Discounted Cash Flow: Speculative or Convincing
Gary Trugman and Harold Martin will discuss, debate, and dissect the pros and cons of using a discounted cash flow analysis, particularly in times of COVID-19. With questions such as how to handle the unknown future, when and how to use past performance to forecast the future, what to do when management gives you a forecast that you do not believe, and what to do when management is incapable of giving you a forecast at ...
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.
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.
Fifty percent of high street retailers could fail by August, say Alvarez & Marsal
Business valuers have stood their corners against changes in valuation methods based on economic crises.
March EOU tracks beginning of tough financial times
The Leading Economic Index (LEI) decreased 6.7% in March, the largest monthly decline in the 60-year history of the index, according to the March 2020 Economic Outlook Update (EOU).
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.
BVU News and Trends April 2020
A monthly roundup of key developments of interest to business valuation experts.
Cannabiz put to the test amid COVID-19
April 20 was supposed to be the once-a-year Black Friday for the legal cannabis market, but, instead, the industry is bracing for an economic blow from the coronavirus crisis.
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.
Appellate court ruling unfavorable to cannabiz
Section 280E of the tax code prohibits taking tax deductions for business expenses related to marijuana because of its status as a Schedule I controlled substance.
More resources for business valuers completing valuation engagements now
To help support the inquiries we’ve been receiving from our customers about how to address the coronavirus in the valuations they are working on, BVR has created a new COVID-19 business valuation resource website where we offer links to current news, past articles and webinars, third-party articles, and more to help BVWire—UK readers.
What risk-free rate should financial experts use now? New resources from Fernandez and BVR
‘This is a good time to revisit the implied ERP rather than the historical ERP,’ advises Dr. Michael A. Crain (Florida Atlantic University).
Global BV News: VRG releases free webinar on global valuation impacts of COVID-19
A spotlight on pandemic-related market developments in China and Hong Kong, India, Spain, and the U.S. is available as a free webcast from Valuation Research Group.
Global BV News: Look globally during pandemic, panel advises
We’re in more of a global economy today than during previous crises, but the coronavirus crisis will impact pockets around the world differently, points out a panel of global valuation experts in a free webinar the iiBV hosted.
Global BV News: EIU: Global economy will contract by 2.2%
In the wake of the coronavirus outbreak, the Economist Intelligence Unit (EIU) has revised its growth forecasts for all countries across the world, and the picture is “bleak,” it says in a report.
Update on U.S. Cannabis Valuations From PKF’s Practice Leader
Noam Hirschberger talks about the rapid growth and heavy regulations that have triggered a need for financial and advisory services, including valuation and tax planning, that will be critical to the ongoing success of firms in the cannabis industry.
Global BVU News and Trends March 2020
Business valuation news from a global perspective.
Risk levels of legal cannabis firms
Appraisals of legal marijuana firms continue to be challenging and risk is a major factor, say Ron Seigneur and Ryan Cram, who are both with Seigneur Gustafson LLP, a firm based in Colorado, one of the first states to legalize adult recreational marijuana.