French appraisers association morning meeting (05/19/2020)
The morning meeting of the SFEV (french appraisers association) of Tuesday May 19, 2020 focused on the impact of Covid 19 on the value.
On this occasion, Roland Clère presented the impact of the COVID-19 crisis on the main market indicators used to assess the cost of equity (equity risk premium, default risk, evolution of medium-term operating cash flow forecasts) along two axes:
- Transatlantic analysis of the impact of the crisis (European indicators vs American indicators);
- Differentiation of the risk perception between large caps and small caps.