Global BV News: Higher multiples for cross-border vs. domestic buyouts per new study
An analysis of over 1,000 global private equity transactions reveals that cross-border buyouts are associated with significantly higher valuation multiples than domestic ones, says a new study.
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.
Global BV News: Updated guide bridges Canadian valuation standards to IVS
The CBV Institute is Canada’s valuation professional organization (VPO) whose members have the Chartered Business Valuator designation.
Can you simply reduce the value of all private companies in the UK? Scottish Mortgage and IPEV say yes.
Investment trust Scottish Mortgage, managed by Baillie Gifford, provided a simple solution in April by cutting the value of private companies in its portfolio to recognise the fact that private-company valuations are not insulated from public markets.
Adjusting the Gordon growth model for cross-border valuations
A new research study—‘International Valuation: A Proposed Method Using the Constant Perpetual Growth Model,’ by Thomas J. O’Brien (University of Connecticut—Department of Finance)—attempts to reduce valuation mistakes introduced by cross-border foreign exchange and cash-flow risks.
A Quiet Revolution Is Going On in DCF Techniques in UK Cases
An initial cautious trickle of valuers using the discounted cash flow (DCF) in litigation work in the United Kingdom has broadened into a stream.
Global BVU News and Trends July 2020
Business valuation news from a global perspective.
Global BV News: Pretransaction PPAs increasing in GCC region, says Deloitte report
The growing importance of intangible assets has triggered an increased number of stakeholders from within the Gulf Cooperation Council (GCC) requesting a pretransaction purchase price allocation analysis, according to a new report from Deloitte Middle East in collaboration with the Saudi Authority for Accredited Valuers (TAQEEM).
Global BV News: Proposed international valuation method using Gordon model
With the valuation of a going concern in mind, a newly proposed international valuation method uses the constant perpetual expected growth model (Gordon growth model).
IVSC interviews European Financial Reporting Advisory Group on new intangibles reporting issues and other topics
The new interview on the interaction between European views on IASB standard-setting and the valuation professions is now available from IVSC.
Global BV News: COVID-19 impact on EURO STOXX 50 captured in new study
Not surprisingly, in the first four months of 2020, only six of the EURO STOXX 50 had positive return and the average return was -24.4%, according to Shareholder Return of the EURO STOXX 50 Companies: 2004-2020 (April 30) from Pablo Fernandez (University of Navarra—IESE Business School, Spain).
Global BV News: IVSC interviews EFRAG leaders
Issues that overlap the valuation and financial reporting disciplines were discussed during an interview with leaders of the European Financial Reporting Advisory Group (EFRAG).
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.
Global BV News: D&P examines ‘breaking point’ for global firms
Almost half (47%) of alternative investment fund managers polled by Duff & Phelps say that three months is the “breaking point” at which the current economic restrictions impair the ability of businesses to resume business as usual after the lockdown.
Third IVSC goodwill paper looks to step up ‘headroom’ alternatives to amortisation
The IVSC have published ‘Opportunities for Enhancing the Goodwill Impairment Framework,’ the third and final paper in its series looking at the IASB proposal to revert to goodwill amortisation.
Global BV News: IVSC issues third and final paper on goodwill amortization vs. impairment
A new paper offers some suggestions for enhancing the goodwill impairment framework in order to improve the information the framework provides.
Global BV News: At NYSSCPA, Zyla gives update on IVSC
The third in a series of three “perspective papers” from the International Valuation Standards Council (IVSC) on the matter of goodwill amortization vs. impairment is expected to be released soon, according to Mark Zyla (Zyla Valuation Advisors).
Global BVU News and Trends May 2020
Business valuation news from a global perspective.
Global BV News: KPMG on cost of capital in Austria
KPMG Austria recommends a risk-free rate of 0.0% and an equity risk premium of 8.5% to 9.0% as of March 31, 2020, for the Austrian market, according to its latest quarterly brief.
Global BV News: Two new members join the IVSC
The International Valuation Standards Council (IVSC) has announced two new members: the European Mortgage Federation (Institutional Member) and the University of Economics, Prague (Academic Member).
Global BV News: First edition of European BV standards from TEGoVA
The first edition is available of the European Business Valuation Standards (EBVS) developed by the European Group of Valuers’ Associations (TEGoVA).
Global BV News: ASA Signs an MOU with Nigerian VPO
The American Society of Appraisers (ASA) and The Nigeria Society for Professional Valuation (SPV) have signed a Memorandum of Understanding (MOU).
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.