Damodaran examines impact of inflation on profitability
In his fifth data update for 2023, Professor Aswath Damodaran (New York University Stern School of Business) focuses on trends in company profitability in 2022, including the impacts of inflation.
A fifth exposure draft of USPAP is in the works
Based on feedback to the fourth exposure draft of USPAP, a fifth exposure draft will be issued, according to a statement from The Appraisal Foundation (TAF).
Dental practices take top spot in industry research on Vertical IQ
For 2022, the most popular industry profile on the Vertical IQ industry research platform was dental practices, based on number of user visits.
Global BV News: First-ever Innovation Valuation Summit in Korea March 21-22
“Valuation of new assets, what’s the future?” is the theme for the premier Innovative Valuation Summit.
Nix v. Nix
This case concerned an appeal of a trial court opinion in a divorce case in Indiana. The trial court based the value of a warehousing and logistics business on an offer to purchase the business the daughter of the divorcing parties presented at trial. The mother, the owner operator of the business, rejected the offer, made prior to the filing for dissolution of marriage. The appellate court remanded the decision of the trial court for revaluation of the business with instructions to determine a value within the valuation conclusions experts submitted for each party at trial.
Indiana Appellate Court Remands Value of Business—Trial Court Value Based on a Defective Offer to Purchase
This case concerned an appeal of a trial court opinion in a divorce case in Indiana. The trial court based the value of a warehousing and logistics business on an offer to purchase the business the daughter of the divorcing parties presented at trial. The mother, the owner operator of the business, rejected the offer, made prior to the filing for dissolution of marriage. The appellate court remanded the decision of the trial court for revaluation of the business with instructions to determine a value within the valuation conclusions experts submitted for each party at trial.
Next-gen BVers warn about too much technology
Veteran valuation experts have raised red flags about relying too much on technology and automation. This advice is directed particularly to young BV practitioners who have grown up surrounded by automation.
NACVA sets dates for two “super” conferences
This year, NACVA will host two multi-day “super” conferences—one in Snowbird (Salt Lake City) July 12-14 and the other in Ft. Lauderdale Dec. 13-15.
Global BV News: CBV Institute launches ED&I working group
The CBV Institute, Canada’s valuation professional organization (VPO) and standard setter will roll out a series of equity, diversity, and inclusion (ED&I) initiatives targeting the business valuation profession.
Inflation appears to have peaked, per Kroll
The latest cost of capital infographic from Kroll says that inflation seems to have topped out toward the end of 2022.
Year-end 2022 data now in the Cost of Capital Professional
Year-end 2022 data, including equity risk premia, CRSP decile size premia, and industry betas/IRPs, are now available in BVR’s Cost of Capital Professional platform.
Report drills down on dental practice financials
PKF O’Connor Davies has released its 2022 edition of “Dental Practices by the Numbers,” which provides key financial benchmarks.
Global BV News: IVSC’s Talbot gives his views for 2023
Several key trends are shaping the valuation profession, namely environmental, social, and governance (ESG) factors, technology, and the increasingly global nature of business, says IVSC chief executive Nick Talbot.
EACVA sets date for 2023 conference
EACVA’s 16th International Annual Business Valuation Conference will be held on November 30 and December 1, in person in Berlin, Germany.
IRS updates job posting for BV experts
The IRS added one more open slot to its job posting in its quest to hire more business valuation experts—and has also added more job locations.
TAF seeks candidates for its board of trustees
The Appraisal Foundation (TAF) is searching for candidates to serve on its board of trustees.
Vertical IQ enhances its industry research platform
Eleven U.S. industry sector profiles have been added to the Vertical IQ industry research platform, including: accommodation and food services; agriculture, forestry, and fishing; educational services; information sector; real estate; and transportation and warehousing.
What BV developments did you miss in 2022?
Now’s your chance to catch up on all things BV with the latest editions of two BVR yearbooks.
BVResearch Pro adds another issue of the ASA’s BV Review
Among many other resources, the BVResearch Pro platform contains the full archive of the Business Valuation Review going back to 1982.
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.”
BV Year in Review 2022: Ongoing Challenges
What did you miss in 2022? Catch up on the highlights in the business valuation profession through over 70 articles and hundreds of news items this newsletter covered in 2022.
An Inside Look at the Stout Acquisition of Vantage Point
Hear from the architects of this acquisition what makes a business valuation firm an attractive acquisition target—and what attributes of the buyer make it a good fit for the target.
BVLaw Review: The Top Valuation Cases of 2022
Here is our pick for the most noteworthy valuation cases that emerged over the past year. They include state and federal court decisions covering many areas of law that enhanced our understanding of valuation issues as they arose in a litigation setting.
Recap of the Biggest BV Event of 2022—the AICPA FVS Conference
The AICPA’s plans for its forensics and valuation section, incredible frauds, an opportunity in bankruptcy, tips for determining goodwill, and the future of BV are discussed in this recap article—the first of several that will cover this biggest conference of the year.
BVR Survey Reveals Career Obstacles of Young BV Practitioners
What do today’s young BV practitioners see as holding them back in their careers? Managers need to know this or risk losing good people. Here are some valuable insights from a first-ever survey BVR and the BV recruiting firm Borrowman Baker conducted with the cooperation and support of the American Society of Appraisers (ASA).