by Simon Cook | May 5, 2023 | Business Valuation, Forensic Accounting
The 2023 Pepperdine annual private cost of capital survey is just out! The survey captures the current views and behaviour of finance professionals, including, Private Equity (PE) firms, business brokers and business appraisers. This year while only sixty four brokers...
by Simon Cook | Jan 30, 2023 | Business Valuation
A recent paper by Randy Priem and Andrew Gabellone analyses the relationship between ESG scores and the observed cost of capital of six hundred European-based companies. The research examines the impact of the individual components of ESG on the cost of equity, beta...
by Simon Cook | Nov 23, 2022 | Business Valuation
Compared to a hypothetical diversified investor in a public company, a hypothetical controlling investor in a private business can potentially suffer from two key disadvantages: reduced opportunity to diversify away unsystematic risk; the business may be their main...
by Simon Cook | Sep 6, 2022 | Business Valuation, Risk
Business valuation is linked to risk. The risk investors attach to future cash flows. In private business valuation unsystematic risk is a key driver in determining value. The disadvantages of investing in a private business Compared to a hypothetical diversified...
by Simon Cook | Jul 28, 2022 | Business Valuation, Transfer & ATO Valuation
The ATO sets out comprehensive requirements of what is expected in a valuation report. These requirements include that the report is understandable, replicable, reasonable and defensible. But what are some of the issues the ATO encounters with valuation reports?...
by Simon Cook | Oct 27, 2020 | Business Valuation
The market share price of a listed public company represents the portfolio interest price. That is to say, the price an investor is prepared to buy or sell a small parcel of shares, typically less than 5% of the company. In takeovers of listed companies, an acquirer...
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