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European Association of Certified Valuators and Analysts

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Blog

TAF ED Understanding the Differences: Conclusion of Value v. Value CalculationsConclusion of Value v. Value Calculations

Wolfgang Kniest · 28 April 2022

Bild von David Schwarzenberg auf Pixabay

The Appraisal Foundation published this Exposure Draft 26 April 2022. For more details please see here.

KPMG Netherland on Equity Market Risk Premium as of 31 March 2022

Wolfgang Kniest · 23 April 2022

Bild von Sergei Tokmakov Terms.Law auf Pixabay

KPMG Netherland increased their recommended ERP as of 31 March 2022 by 50 bps to 5.5% compared to the fourth quarter of 2021. For the full-text information please follow this link.

Normalized Risk Free Rate US (Kroll) 7.4.2022

Wolfgang Kniest · 14 April 2022

Photo by Austin Distel on Unsplash

Kroll has increased their recommended normalized risk free rate for US from 2.5% (31. December 2021) to 3% (7. April 2022). The recommended ERP is unchanged with 5.5%. For Europe, the recommended German normalized risk free rate and ERP are also unchanged 1.5% (risk free ) and 5.5% to 6.0% (ERP) (German investors perspective).

For more information please follow this link.

Excellent Video: Modelling a cap table & distribution waterfall in Excel

Wolfgang Kniest · 1 April 2022

Photo by Bram Van Oost on Unsplash

Excellent presentation and funding examples, extremely thorough, very well explained. 

Follow the link: https://www.youtube.com/watch?v=hJT1uJeHDrM

Inflation and Business Valuation

Wolfgang Kniest · 14 March 2022

Aswath Damodaran: Inflation is a real problem and there is no easy way to address it

Link to the interview at CNBC (Feb 11, 2022)

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