Understanding what an asset is worth, and what drives that value, is essential when management and stakeholders need to make informed, and effective, business and investment decisions. This requires decision-makers to trust the valuer’s opinion.
In this report, KPMG presents the key findings of its Valuation Practices Survey. The survey, conducted in October 2019, provides a short-form summary update of opinions on the current market environment and key valuation assumptions.
We captured the views of 59 professionals from a variety of organisations across Australia, including Australia’s Big 4 accounting firms, leading corporates, investment banks, investment funds, prominent boutique firms, second-tier accounting firms and smaller practitioners.
2019 was a continuation of the challenges that emerged in the global economy during 2018 – Brexit is unresolved, the US/China trade dispute is ongoing and a brief increase in risk free rates proved to be temporary as yields have once again dropped. We asked respondents for their opinion as to current level of value for certain key asset classes in Australia.
We believe the results provide insight into current perceptions of value. We hope the survey will help build consistency in valuation practices and enhance trust in the accuracy and independence of the valuation community.
We hope this report will help build consistency in valuation practices and enhance trust in the accuracy and independence of the valuation community.
The third edition of KPMG’s bi-annual Distance to default report focuses on the changing state of corporate health across all ASX sectors.
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