BV News and Trends January 2024
A monthly roundup of key developments of interest to business valuation experts.
BV News and Trends December 2023
A monthly roundup of key developments of interest to business valuation experts.
BVPro adds new guide on valuing jewelry stores
BVR’s BVResearch Pro platform adds new content continually to its collection of over 20,000 articles, books, special reports, court case digests, webinar transcripts, and more.
Any impact to multiples from Section 174 changes? Not in this industry
The tax code’s Section 174 requires research and experimentation (R&E) expenses to be capitalized and written off over time.
Global BVU News and Trends June 2023
Business valuation news from a global perspective.
BVPro adds new guide on valuing fitness clubs
The BVResearch Pro platform adds new content continually to its collection of over 20,000 articles, books, special reports, court case digests, webinar transcripts, and more.
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.
‘Eye-opening’ valuations for RIA firms
A review of 2021 M&A activity among registered investment advisors (RIAs) shows that valuations “increased materially, while the median-adjusted EBITDA multiple set a record,” according to the newest edition of “The RIA Deal Room,” an annual study from Advisor Growth Strategies.
Three special BVR workshops in May: energy, estate/gift, and intangibles
The month of May will see BVR webcast three special events.
Shining a Spotlight on Nightclub Valuation
Get ready to jump the line with this lesson on valuing bars and nightclubs with Jason Pierce and Lynton Kotzin. The entertainment venue industry is nuanced, and the pandemic changed the approach for these valuations. Hear specific examples of specialized issues, including deconstructing the revenue streams, matching the risk to the business model, properly applying transaction multiples and other benchmarks, and utilizing lessons learned from court cases. Valuation experts, financial analysts, legal counsel, industry practitioners ...
Newest valuation data for A/E firms
The latest transactional data on the fair market value of businesses in the architecture, engineering, and environmental consulting industries (A/E firms) is now available in the Architecture/Engineering Business Valuation and M&A Transaction Study, 9th edition.
BV News and Trends November 2021
A monthly roundup of key developments of interest to business valuation experts.
Global BV News and Trends November 2021
Business valuation news from a global perspective.
Newest What It’s Worth guide examines insurance agencies
What makes insurance agencies and brokerages tick? How are changes in the industry impacting firms?
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).
Evaluating and Applying Control Premiums
In recent years, a greater amount of scrutiny has been placed on valuation analysts’ selection and use of control premiums. As a result, there has been a renewed interest in distinguishing acquisition premiums from control premiums and equity premiums from invested capital premiums. Join Timothy Meinhart for a comprehensive discussion of the proper quantification and application of acquisition premiums and control premiums and also learn about the benefits of using market-based invested capital premiums rather ...
Valuing Enterprise Cash Flows
The integrated theory of business valuation provides a conceptual framework for disciplined analysis of valuation questions. Too often, valuation analysts are tempted to view individual components of a valuation assignment on a piecemeal basis. Adhering to the integrated theory helps valuation analysts develop base valuation conclusions, discounts, and premiums that are rooted in a shared perspective of the subject company and the subject ownership interest. In Part 1 of the series, Chris Mercer and Travis ...
BVU News and Trends December 2020
A monthly roundup of key developments of interest to business valuation experts.
Restaurant Valuation: Serving Your Clients During the Covid-19 Crisis
Few industries have been as harshly impacted by COVID-19 as the restaurant industry. Join Lynton Kotzin for an overview of the state of the restaurant industry and what the future looks like for different restaurant types. Learn the reasonableness test, value drivers, and proper application of the approaches during these volatile times. Be ready to advise and value your restaurant clients.
Take Control of Your Premiums
Join BVR for a first look at the new Control Premium Study platform. In the session we will cover the basics of the control premium study, discuss the enhancements to the platform, and provide a walkthrough of how to best utilize the new platform to retrieve control premiums, minority discounts, and multiples.