A draft revision of the IDW S 1 valuation standard is available. This is caught between the requirements of valuation practice and the relevant valuation theory. In the current issue of Valuation News, we explain the conceptual link between the valuation concepts set out in the standard and the resulting practical requirements.
Another article in Valuation News is dedicated to the valuation of early-stage investments in start-ups, in which we deal in particular with the determination of the observable returns on these investments. These are of central importance for investors and founders as well as in the context of company valuation.
The discounted cash flow method (DCF method) is increasingly being used in private equity (PE) practice - especially by listed PE firms. Our article on valuation methods in the PE sector explains the reasons for this and the advantages offered by the DCF method.
Stefan Schöniger
Partner, Deal Advisory, Valuation
KPMG AG Wirtschaftsprüfungsgesellschaft
