Organization

The study examines the impact of a persistently uncertain market environment on the interplay between interest rate developments and growth expectations, as well as the resulting effects on business models, corporate developments and long-term return expectations (cost of capital) by sector-specific analyses.

[Read more…] about KPMG Cost of Capital Study 2024

The article by Timotej Jagrič, Dušan Fister, Stefan Grbenic and Aljaž Herman analyses a sample of more than 20,000 private company transactions (exclusively not stocklisted companies) using a specially developed regression analysis.

[Read more…] about Private Firm Valuation Using Multiples: Can Artificial Intelligence Algorithms Learn Better Peer Groups?

The Valuation Book is a comprehensive introductory valuation guide for investors, managers, accountants, lawyers and anyone else who needs to value a business.

Authors: Mark Aleksanyan and Kenneth Lee and Matthias Meitner and Neil Pande

The Valuation Book contains the tools needed by anyone who wants to make a robust valuation of a business.
No detailed prior knowledge of business valuation is required – the book covers everything you need to know, including how to read relevant parts of company accounts and the valuation tools (including DCF and multiples) that are used by professionals.
Written by academics who are also practitioners, The Valuation Book provides a unique mix of theory and practical application. It is designed around the authors’ experience of teaching thousands of people about valuation principles over the last two decades.
Short, accessible chapters with a consistent structure and layout allow readers to build up their knowledge step by step.
And the book is fully up to date, with accessible specialist chapters on integrating ESG into valuations, valuing immature companies, identifying flaws in valuation models, valuation for mergers and acquisitions, and more.

Link to the publisher

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Article by Johannes Baumgartner and Andreas Schüler in: Credit and Capital Markets – Kredit und Kapital, Vol. (2024), Online First : pp. 1-30.

[Read more…] about The Value Impact of Using Total Market Return and its Implications for Valuation Practice

published in Journal of Banking & Finance, June 2024, the paper is available on ssrn with the following link.