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Valuation of NOVOKOV, spol. s r.o.
Filouš, Michal ; Brabenec, Tomáš (advisor) ; Dvořák, Jaroslav (referee)
The diploma thesis focuses on valuation of the company NOVOKOV, spol. s r.o. The purpose of the valuation is determination of the companys market value. The valuation is performed on the basis of the revenue analysis. The discounted cash flow for owner and creditor is applied, DCF Entity. The diploma thesis begins with the presentation of the company and continuous with the financial analysis, the strategic analysis, determination of the necessary and the unnecessary assets, the prognosis of the value drivers and the financial plan. The final chapter is dedicated to the valuation itself, including determination of the weighted average cost of capital.
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The Valuation of 100% Business Share in the Company NEOLUXOR, s. r. o.
Fořtová, Kristýna ; Brabenec, Tomáš (advisor) ; Körtvelyová, Adéla (referee)
The aim of this thesis is valuation of NEOLUXOR, s. r. o. to the date of valuation, which is set on the 31. 12. 2014. This company operates one of the most important networks in the retail sale of books. The valuation will be determinate on market value. The introduction of the company, is followed by financial and strategic analysis. Financial plan is set on base of chapture Value generators. The valuation is performed by DCF entity method, as a supplementary valuation method is used industry multiples method.
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Valuation of Plzeňský Prazdroj, a.s.
Varga, Matúš ; Brabenec, Tomáš (advisor) ; Poborský, František (referee)
This master thesis is concerned with the estimation of the market value of equity of Plzeňský Prazdroj, a.s. as at 30 September 2016. The market approach has been selected as the primary valuation approach with the largest impact on the value estimation; specifically the guideline public company method and the comparable transactions method are employed. The income approach based on the DCF Entity method verifies the value conclusion derived from the market approach. The going concern premise is supported by thorough analyses concerning the relevant market; market position of the valued company in relation to its competitors; and its financial health. The thesis concludes a clearly defined and justifiable range of value.
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Valuation of Limited Liability Company
Pätnická, Lucie ; Brabenec, Tomáš (advisor) ; Dvořák, Jaroslav (referee)
The main goal of the thesis is to find the market value of the limited liability company as of the date 31. 12. 2014. Companys business activities are divided into four divisions : accumulators and batteries, measuring equipment, security systems and solar systems. Financial analysis is conducted for the enterprise as a whole, strategic analysis is due to the different sectors in which the individual divisions operate handled separately for each division. Based on the results of the financial and strategic analysis, the valuation method of the discounted cash flow variant entity was used to determinate the estimated market value. The prognosis of the value drivers and financial plan are also parts of this thesis.
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Způsobila alkoholová prohibice pokles počtu dopravních nehod spáchaných řidiči pod vlivem alkoholu?
Brabenec, Tomáš ; Montag, Josef (advisor) ; Potužák, Pavel (referee)
This paper tries to find out whether a short ban on sales of liquors reduced the harmful use of alcohol with respect to motor vehicle accidents. I make use of short (two weeks) alcohol prohibition which was imposed by the Ministry of Health Care in the Czech Republic in September 2012 aiming to stop the deadly wave of methanol poisoning. To estimate the effect of prohibition on the number of road traffic accidents, I exploit the methodology of differences-in-differences. I use daily data about traffic accidents from the Czech Republic (treatment group) and from neighboring countries such as Austria, Germany and Poland (control group). The result suggests that there is no significant drop in term of road traffic accidents.
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Valuation of PEBAL s.r.o.
Turza, Vladimír ; Brabenec, Tomáš (advisor) ; Keselý, Ladislav (referee)
The thesis aims to determine the equity value of the company PEBAL s. r. o. as of January 1st 2016. It is not separated into theoretical and practical part, because it is considered as fake appraisal of an expert. That is the reason why the whole thesis is practical with occasional theoretical background explanations. In the first part there is basic information provided about the appraised company along with its characteristics. Then financial analysis is carried out which will provide an overall picture of financial health of the company along with determination of competitors. Followed by strategical analysis which deals with the market as whole and predicts its future development as well as development of sales of the valued company. The next part consists of analysing and predicting value drivers and the overall financial plan. Result of the last part is the valuation itself applying discounted cash flow (DCF) method using discounts rate calculated earlier in the chapter. The final chapter also contains market valuation using method of comparable companies along with Monte Carlo simulation, that provides probability distribution of the value of the company.
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Valuation of the company KRPA PAPER, a.s.
Červinka, Jan ; Brabenec, Tomáš (advisor) ; Lepič, Lukáš (referee)
The subject of the thesis is the market value of the company KRPA PAPER, a.s. as of December 31st, 2014. The aim of the thesis is an aplication of teoretical knowledge in a particular example. The purpose is to determine the net market value of the company. The thesis is divided into chapters which represent the typical phases of the valuation of a company. At the beginning of each chapter there is a brief description of its purpose in a business valuation. In the introduction part the basic aspects of the valuation are described. The financial and strategic analysis, the value drivers, the financial plan and the valuation chapters follow. For the valuation itself the DCF Entity method is used. The discount on the entity level is applied.
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Zero Waste - "Valuation and business planning" for a potential investor
Sedlák, Jiří ; Brabenec, Tomáš (advisor) ; Dvořák, Jaroslav (referee)
The target of Zero Waste "Valuation and business planning" for a potential investor is to explore and evaluate the identified market opportunity. Business plan concerns the foundation of food and consumer goods retail business which is aimed towards reducing consumers negative impact on the environment, supporting local jobs and sustainable farming. The thesis is based on theoretical knowledge from the publications listed in the resources which were confronted with the reality in interviews with the owners of comparable businesses. Resulting from the business planning a calculation of present value of the proposed model enterprise has been made. Value calculated using discounted cash flows had shown that cannot be unequivocally recommended to establish the company. Pessimistic scenario shows a negative net present value and realistic option shows a positive net present value. However it is necessary to understand the thesis as a model business plan for valuation of such businesses. As for example with a different form of funding or reduction of initial investment, the company may change to a version that would be recommendable to implement.
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