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Performance Evaluation of Swoboda - Stamping, s.r.o.
Chaloupková, Tereza ; Pastrňák, Martin (referee) ; Režňáková, Mária (advisor)
This Master’s thesis is devoted to the evaluation of the performance of a company engaged in the production of components for the automotive industry. The theoretical part describes the basic concepts and methods of performance evaluation. In the analytical part, methods of strategic and financial analysis are used in the monitored years 2017-2021 to evaluate the current state of the company. Based on the outputs from these analyses, a proposal is drawn up, which is a recommendation for maintaining the company's performance.
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Valuation of the Firm by Using Income Capitalization Approach
Tománková, Denisa ; Režňáková, Mária (referee) ; Karas, Michal (advisor)
The diploma thesis is focused on estimation the value of ABC, s. r. o. by using the income capitalization approach as of 1/1/2022. The theoretical part of the work deals with the definition of important concepts, the definition of methods and the entire process of company valuation. The practical part is focused on the company ABC, s. r. o., which is the subject of the valuation. A strategic and financial analysis, a forecast of value generators and a financial plan of the company was carred out. The last part of the diploma thesis determines the resulting estimate of the objectified value of the selected company using the discounted cash flow method.
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Methodology for determining the value of family businesses in the succession process
Režňáková, Mária ; Karas,Michal ; Srbová, Pavla ; Pěta, Jan ; Brychta, Karel
The methodology is based on valuation methods commonly used for valuation of companies. This methodology offers a refinement and modification of the application of standard valuation methods based on the knowledge obtained from the analysis of data of Czech enterprises and affects the specifics of small and medium-sized family businesses in the Czech Republic. From this perspective, it is an original approach, which was developed by the project researchers, justified by appropriate methods of statistical data processing and continuously submitted for review in presentations at scientific conferences and in professional articles. In the framework of the project, a family-friendliness factor has been developed, which allows the specificity of family businesses to be incorporated into the valuation model. In addition, a cost of equity model for small and medium-sized enterprises was derived, which is a modification of the CAPM and is based on data from Czech SMEs. It takes into account both the industry specifics of Czech enterprises and the rate of return achieved in the Czech Republic. Users have at their disposal total beta coefficients (beta total) for individual NACE industries (in many cases even sub-industries), which have not yet been quantified for the Czech Republic and their use is wider than just within the framework of this methodology. The methodology provides both recommendations for specifying input parameters in determining the value of a company according to the purpose of the valuation and the expected development of the company, as well as information on the industry values of the parameters used in the valuation. Users who are not professionally involved in this issue have the possibility to use the software developed, which allows to determine the value of a family business in a simplified way. The simplification lies in the fact that it is not possible to take into account all the specifics of each entity that may be valued, but also in the fact that the input parameters are generally set on the basis of past developments. At the same time, the user has the possibility to adjust these parameters according to the knowledge of the situation of the enterprise to be valued. The methodology is also an original approach from an international point of view: the authors are not aware of any other published methodology that measures the specificity of family businesses and at the same time demonstrates their influence on the performance of family businesses, and incorporates the family factor into the process of determining the value of a family business. This methodology is certified by the Czech Society for Quality (certificate number M063/M/2022 dated 29.11.2022)
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Valuation of Engineering Company using Income Capitalization Approach
Holly, Kristýna ; Karas, Michal (referee) ; Režňáková, Mária (advisor)
The diploma thesis deals with the determination of the value of the company Mubea IT Spring Wire s.r.o. by using method of discounted cash flow in entity variant as at 31. 12. 2020. The theoretical part is focused on the description of basic concepts and all analysis applied in the practical part. The practical part contains of strategic and financial analysis, prognosis of value drivers, the compilation of a financial plan and determination of the value of the company.
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Valuation of Engineering Company using Income Capitalization Approach
Pejchal, David ; Širilla, Jiří (referee) ; Režňáková, Mária (advisor)
This master thesis deals with a valuation of the company FLSmidth spol. s r.o. It is focused on finding its maximally objectivised value, for the future strategic planning purposes (as of 1st January 2021). The chapters about strategic and financial analysis are followed by value drivers and a financial plan that provides a basis for the chosen valuation method DCF APV. Based on this metod the final valuation is estimated.
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Financial Plannnig of Manufacturing Company
Pěčková, Tatiana ; Žižlavský, Ondřej (referee) ; Režňáková, Mária (advisor)
This diploma thesis deals with the financial planning in a manufacturing company. The work is divided into two parts - theoretical and practical. The theoretical part discusses the issue of creating a financial plan. The practical part is an analysis of external and internal factors that affect the functioning of the company. Based on that, an assessment of the current state of the company has been performed and a draft of the financial plan prepared in two options. At the end of the diploma thesis, the assessment and comparison of both variants of the financial plan have been laid out.
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Business Valuation using Income Capitalization Approach
Hanáková, Kamila ; Vimr, David (referee) ; Režňáková, Mária (advisor)
The diploma thesis deals with determining the value of the company Ecoclean Technologies s.r.o. to 31.12.2020. The theoretical part explains the procedures for determining the value of the company. The practical part includes strategic analysis, financial analysis, analysis and forecast of value generators, financial plan and the resulting valuation of the company using the discounted cash flow method.
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Business Valuation using Income Capitalization Approach
Čeloudová, Adéla ; Bouchner, Martin (referee) ; Režňáková, Mária (advisor)
Master´s thesis is focused on the determination of the value of the company ACO Industries, k. s. The theoretical part of the thesis defines the procedures related to the issue of determining the value of the company. The analytical part of the thesis includes a strategic and financial analysis, on the basis of which a financial plan is developed and an estimate of the company´s value is proposed.
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Valuation of a Firm Operating in the Engineering Industry
Sýkorová, Pavla ; Karas, Michal (referee) ; Režňáková, Mária (advisor)
This diploma thesis is devoted to determining the value of a company operating in engineering. The work is divided into six parts. The first part presents the objectives of the work and processing methods. The next part contains theoretical background. In the third part, the awarded company is subjected to a strategic analysis. The following chapter deals with value generators, which are further supplemented in chapter five, which contains the financial plan. The last chapter presents the final valuation of the company and the change of input parameters.
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Business Valuation using Income Capitalization Approach
Špačková, Monika ; Činčalová,, Simona (referee) ; Režňáková, Mária (advisor)
The diplom thesis deals with determining the value of the company ZDAR, a.s. by using income-based method at 1. 1. 2021. The work includes strategic and financial analysis, a subsequent summary of data in the SWOT analysis, from which we identify the strengths and weaknesses, opportunities and threats of the selected company. The subsequent valuation of the company is determined using the discounted cash flow method.
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