Business Valuation Update
- How to Review a Report’s Valuation Methodology
- Ideas for Solving Two Problems in the BV Profession
- How Do Your Firm’s Benefits Stack Up?
- Using Rule of Thumb Data to Uncover Cooked Books
What to Do About Applying Size Premia in Australia
The size premium is an important valuation issue for two reasons: (1) it is difficult to estimate; and (2) its inclusion in deriving a cost of capital can have a material effect on the outcome of a valuation assignment. This article provides an overview of the current status of the size effect and size premia in Australia, examples of cases from Australian courts and tribunals in which size premia have been considered, and the issues and challenges faced in estimating size premia within the Australian market.
Book Review: The 2014 Valuation Handbook – Industry Cost of Capital
When my copy of the 2014 Valuation Handbook – Industry Cost of Capital (Duff & Phelps) arrived, the cover somehow struck me as familiar. I checked my library, and, sure enough, the cloth-over-cardboard cover was the same type of binding as that on my cost ...
A Preview of the New Benchmark Resource for Industry Cost of Capital
Duff & Phelps published the 2014 Valuation Handbook ‒ Guide to Cost of Capital in March, providing key year-end data previously available in the Morningstar/Ibbotson SBBI Valuation Yearbook and the Duff & Phelps Risk Premium Report. The Guide to Cost of C ...
Duff & Phelps Moves Cost of Capital Data to Online Platform
Duff & Phelps is launching the online Cost of Capital Navigator, which will replace the print versions of the Valuation Handbook series.
The New Duff & Phelps Cost of Capital Navigator—(Some of) Your Questions Answered!
Responses to audience questions during the first public demo of the Duff & Phelps online Cost of Capital Navigator, which will replace the print versions of the Valuation Handbook series.
An In-Depth Look at the New D&P Valuation Handbook
The SBBI Valuation Yearbook from Morningstar Inc. and the Duff & Phelps Risk Premium Report were the two most common resources utilized by valuation professionals for estimating the cost of capital through 2013. In September 2013, Morningstar Inc. announ ...
BV News At-a-Glance
A monthly roundup of key developments from the standard setters, regulators, and valuation professional organizations (VPOs), plus noteworthy new books, research papers, and studies of interest to business valuation experts.
Book Review: Cost of Capital, Fifth Edition: A True Must-Have
It is a cliché to refer to a book as a “must-have,” but it is true of this fifth edition of Cost of Capital, Applications and Examples by Shannon P. Pratt and Roger Grabowski. If you are at all serious about the valuation of securities, business entities ...
Redefining the BV Profession at NACVA’s Annual Conference
In today’s so-called “connected” world, more people get their information electronically than ever before. That’s great, but there’s nothing like face-to-face interaction with your peers and BV thought leaders to help keep you informed about what’s going ...
An In-Depth Review of the Duff & Phelps Risk Premium Calculator
The Duff & Phelps Risk Premium Calculator is an online tool used to calculate the cost of equity capital. The Calculator allows valuation professionals to enter inputs relevant to the specific valuation date and to the subject company being valued and yie ...
Some Key Takeaways From the AICPA FVS Conference
Over 1,100 attendees converged on Las Vegas for the AICPA Forensic and Valuation Services Conference 2015. BVU was there and heard some outstanding speakers and topics. Covered below are just a few of the takeaways. Future issues will cover these—and more.
Inside Pratt’s Stats: Impact of Entity Form on Selling Price (Part 1)
Editor’s note: This is a two-part article that explains how transaction size and the entity form of the buyer and seller support the existence (and the magnitude) of the “pass-through entity premium” where the buyer is able to take advantage of the pass-t ...