BV News and Trends May 2024
A monthly roundup of key developments of interest to business valuation experts.
A lot of musing going on
Some thought leaders in the business valuation profession are shaking things up with their musings.
Next in Line! Valuing a Limited-Service Restaurant
The restaurant segment is broad and consists of multiple segments with different risk and growth profiles. It is important to categorize a restaurant concept into the appropriate segment properly. This webinar will provide a basis for the classification of restaurants into the appropriate segment. No business is valued in a vacuum, and, to value a restaurant properly, it is important to classify the subject restaurant correctly and understand the different risk and growth profiles across ...
Global BVU News and Trends October 2023
Business valuation news from a global perspective.
Adding Value to a Cannabis Business Valuation
Join the experts from Citrin Cooperman in navigating the ever-changing regulatory waters surrounding this industry.
IPL business value up 80%, per Houlihan Lokey study
Buoyed by a new media rights deal, the Indian Premier League (IPL) overall business value reached $15.4 billion (in U.S. dollars) in 2023, an increase of 80% over last year’s value of $8.5 billion, according to Houlihan Lokey’s inaugural IPL valuation study.
Construction Company Valuation
This webinar will provide insight into valuing residential and commercial construction companies. We will cover the approaches and methods that are most commonly used. In addition, we will cover the nuances that one needs to be aware of when valuing these types of companies.
Artificial Intelligence and the Future of Valuation
Artificial Intelligence (AI) and its progeny (such as machine learning [ML] and robotics) are increasingly becoming reality. The AI explosion is underway. Where and when it comes to the neighborhood of Business Valuation is a subject that we as Valuation Analysts should be informed about. In this webinar, Jim Alerding will explore the new frontier of Artificial Intelligence and discuss how it might impact the valuation of a business. Alerding’s s advice is that AI ...
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.
Double Backsolve Remains Unsupported
This article initially examines the mechanics of the established option pricing method (OPM) backsolve (OBS). It then quickly moves to a critical analysis of the more recently developed double backsolve (DBS) method, which certain practitioners have proposed as an alternative to OBS. We review the literature cited to support DBS and find it does not, in fact, support its use. In addition, we note some inconsistencies in the current use of DBS. We conclude that ...
NFT Valuation: Pictures Worth Ten Thousand Dollars…or Not—Part 2
This webinar will take you through the non-fungible token (NFT) life cycle from minting to destruction, elucidate the four major types of NFTs, and identify valuation techniques and special considerations for valuing each type of NFT. It will also orient you on how to read NFT records and where to find key information for valuation purposes.
2023 Overview of the Marijuana Industry: The Coming Wave of Consolidation and Beyond. Opportunities Abound!
The session will explore current trends and engagement opportunities in the cannabis industry. The continuing conflict between federal and state laws and regulations, coupled with the economic impact of inflation, the illicit cannabis market, and the aftermath of the COVID pandemic pause have resulted in a perfect storm for an incredibly unique industry. Recreational use of marijuana is currently legal for adults in 21 states and Washington, D.C., while medical marijuana is legal and available ...
DLOM: A Practical Look at a Complex Matter—Part 2
This webinar will continue to cover the theory behind discounts for lack of marketability. We will use the methodology we learned in the first part and see how we apply the models and theory to calculate DLOM’s.
BV News and Trends November 2022
A monthly roundup of key developments of interest to business valuation experts.
Embracing Subjectivity: The Illusion of Precision in BV
Nothing keeps a valuator up at night more than “squishy numbers.” Everyday someone comes up with another “objective quantitative method” that eliminates subjectivity. But guess what? Many of the methods are actually increasing the subjectivity exponentially and creating the illusion of precision. In this rip roaring session, we will shine a light on all of the subjective areas of the valuation process and learn to embrace it.
Embracing the Hockey Stick: Alternative Approaches to Formulating and Assessing Projections
The question of projections may be one of the most challenging elements of a business or intellectual property appraisal. Most business appraisers will be placed in a position of assessing projections, including projections another appraiser provided. Join Michael Blake for an exploration of the quantitative and empirical methodologies for creating and/or validating projections. As a result of this class, you will gain exposure to potentially new tools to help make your projections more robust and ...
Court uses old transaction to value a dental practice
In a North Carolina divorce case, the wife’s stake in a dental practice was valued based on what she paid for it two years before she and her husband separated in 2015 (the valuation date).
Six things to know from the NJCPA BV conference
While we enjoy attending the major valuation conferences, we also look forward to attending local state CPA society conferences that focus on valuation.
Hitchner on citing BV books and cases
It’s fine to cite authoritative texts in your report—but court cases are another story, advises Jim Hitchner (Financial Valuation Advisors). He spoke at last week’s Forensic and Valuation Services Conference hosted by the New Jersey Society of Certified Public Accountants (NJCPA).
A ‘field guide’ to BV just released
Based on all of the questions business owners have asked them over the years, appraisers Casey Karlsen and Seth Webber of BerryDunn have put together a helpful book, A Field Guide to Business Valuation.
Logue v. Logue
In this marital dissolution case in North Carolina, the appellate court affirmed the trial court’s determination of value of the wife’s dental practice. The trial court determined the value based on the value of the entire practice determined several years before the separation date. That value was determined by appraisals by professional appraisers to determine the buyout of the husband’s father’s 50% interest in the practice. No evidence of value as of the separation date was provided by the parties who decided not to hire appraisers to assess the value at the separation date.
North Carolina Appellate Court Values a Dental Practice Based on a Two-Year-Old Purchase of an Interest in the Practice
In this marital dissolution case in North Carolina, the appellate court affirmed the trial court’s determination of value of the wife’s dental practice. The trial court determined the value based on the value of the entire practice determined several years before the separation date. That value was determined by appraisals by professional appraisers to determine the buyout of the husband’s father’s 50% interest in the practice. No evidence of value as of the separation date was provided by the parties who decided not to hire appraisers to assess the value at the separation date.
Key Lesson to Be Learned From Valuing a Strip Club
A strip club may bare all, but not when it comes to every bit of information an analyst needs to do a valuation. The trick is knowing the right questions to ask to discover these hidden factors that may impact value, and that goes for other types of businesses as well.
Financial advisor’s book of business is not a marital asset
In a Tennessee divorce case, an appellate court affirmed the judgment of the trial court that the husband’s book of business as a financial advisor for UBS is not a marital asset.