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BewertungsPraktiker
– Fachinformationen zu Bewertungsfragen. Am 28.09.2020 ist der BewertungsPraktiker 3/2020 erschienen, u.a. mit folgenden Themen:
- Bottom-Up Debt Beta (Prof. Dr. Matthias Meitner, CFA / Prof. Dr. Felix Streitferdt / Prof. Dr. Lothar Streitferdt)
- Debt Beta und WACS – Empfehlung Debt Beta der KSW (Österreich) und IDW Praxishinweis 2/2018 im Vergleich (WP/StB Dr. Kai Behling)
- Debt Beta und Wertabschlag Credit Spread (WACS) – Replik auf Behling, BWP 2020 S. 69 ff. – (WP/StB FH-Hon.Prof. MMag. Alexander Enzinger, CVA)
- Extraktion und Versand von funktionsfähigen Modellteilen mit Microsoft Excel (Andreas Emmert, CFA, CIA)
- Betafaktoren (Prof. Dr. Bernhard Schwetzler, CVA / Dr. Benjamin Hammer)
- Standard-Transaktionsmultiplikatoren (Prof. MMag. Dr. StB Stefan O. Grbenic, CVA)
News & Aktuelles
Corporate Tax Statistics Database
Publiziert in Fachliche News Mittwoch 16.01.2019
In developing this first edition of the database, the OECD has worked closely with members of the Inclusive Framework on BEPS (Inclusive Framework) and other jurisdictions willing to participate in the collection and compilation of statistics relevant to corporate taxation. The Corporate Tax Statistics database is intended to assist in the study of corporate tax policy and expand the quality and range of data available for the analysis of base erosion and profit shifting (BEPS).
The European Champions Report 2019
Publiziert in Fachliche News Mittwoch 16.01.2019
In the third edition of “The European Champions Report”, KPMG’s Football Benchmark team pays tribute to the champions of Europe’s most prominent leagues in the 2017/18 season, reviewing and comparing some of their most relevant business performance indicators to provide perspective on these clubs’ future.
Industries in 2019
Publiziert in Fachliche News Dienstag 15.01.2019
A special report from The Economist Intelligence Unit.
The world's major industries are all set for further growth in 2019, but there are some worrying risks.
The state of the deal: M&A trends 2019
Publiziert in Fachliche News Freitag 04.01.2019
Annual comprehensive look at M&A activity by Deloitte about deal trends and common challenges faced by corporations and private equity firms.
Truth and Bias in M&A Target Fairness Valuations: Appraising the Appraisals
Publiziert in Aktuelle Veröffentlichungen Donnerstag 27.12.2018
by Matthew Shaffer, Harvard Business School.
In U.S. M&A transactions, target directors are effectively required to seek and consider a “fairness opinion” and supporting valuations before accepting a takeover offer. Despite their legal status, critics have argued that these valuations are biased and sometimes low-quality, and that even unbiased valuations would not be useful to public companies, which can use their pre-deal stock price as an appraisal of their value.
KPMG Valuation News - Winter 2018
Publiziert in Fachliche News Donnerstag 27.12.2018
Die Winterausgabe 2018 beinhaltet einen Beitrag zu den Auswirkungen des neuen Leasingstandards IFRS 16 auf die Unternehmensbewertung, einen Beitrag zu Monte-Carlo-Simulationen als Grundlage für eine fundierte Ableitung eines nachhaltigen Ergebnisses sowie eine Zusammenfassung der Ergebnisse der aktuellen Kapitalkostenstudie 2018.
Cost of Capital Study 2018 (New Business Models - Risks and Rewards)
Publiziert in Fachliche News Dienstag 18.12.2018
by KPMG. The thirteenth edition of the study includes 276 companies.
Murray Devine Valuation Advisors Publishes Q3 Private Equity Valuations Report
Publiziert in Fachliche News Mittwoch 12.12.2018
The Q3 report, “This Train Keeps Rolling,” breaks down private equity activity in 2018 between deal size and sector. While valuations remain near historic highs, multiples have come down slightly in all but the small-market. Still, debt markets and considerable sums of dry powder available to private equity investors have allowed sponsors to pay a considerable premium over strategic acquirers as of the end of Q3.