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Valuation of the company Krakonoš spol. s r.o.
Wiesner, Jiří ; Krabec, Tomáš (advisor) ; Šnajberg, Oxana (referee)
The aim of this thesis is valuation of the brewery Krakonoš spol. s r.o. to the 31st December 2014. The thesis consists of four parts. First part is devoted to the theoretical introduction to the business valuation and performance of the Krakonoš spol. s r.o. Next parts focuse on financial, strategic analysis, financial plan, including generators of value, and business valuation of the Krakonoš spol. s r.o. As the main valuation method was used DCF Equity, like one of the yield methods
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Evaluation of OSRAM Česká republika s. r. o.
Michalová, Tereza ; Pláničková, Markéta (advisor) ; Plánička, Pavel (referee)
Diploma thesis is formed as an expert opinion and the goal of this opinion is to find value in use of the company OSRAM Česká republika s. r. o., to the date 1. 10. 2014. The aim of the valuation is to estimate the Value in Use of the company while using the methods of DCF Equity and Branch Multipliers. The parts of the thesis are strategic and financial analysis, opertional asset allocation, value drivers and the estimated financial plan.
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Business Valuation of GZ Media, a.s. on Global Market
Červenková, Anna ; Rýdlová, Barbora (advisor) ; Hanzal, Martin (referee)
The aim of the thesis is to determine the market value of the company GZ Media, a.s. to 1.1.2015. The first part provides the basic information about the company. This chapter is than followed by financial analysis which is assessing the overall financial health of the company for the years 2010 to 2014. Strategic analysis focuses on the market and competitive position of the company and provides the forecast of the sales. The next chapter analyzes and forecasts the value generators and defines the main indicators later used for financial plan. The value of the company is calculated based on the DCF Equity method.
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Valuation of manufacturing company HET spol. s r.o.
Jančová, Adéla ; Rýdlová, Barbora (advisor) ; Musil, Petr (referee)
The diploma thesis is focused on the valuation of the HET spol. s r.o. The company´s core business is production of paints and varnishes. The aim of the valuation is to estimate the market value of the company while using the methods of DCF Entity and Branch Multipliers. The parts of the thesis are financial and strategic analysis, operational asset allocation, value drivers and the estimated financial plan. The text is supplemented by arranged tables and graphs. At the end of the text there is an estimated of final market value of the company.
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Cost of Equity for Market Valuation in the Czech Republic with an Emphasis on Market Risk Premium
Novotný, Tomáš ; Maříková, Pavla (advisor) ; Brabenec, Tomáš (referee)
The aim of the work is to analyze the theoretical basis of determination of the market risk premium in conditions of the national market in the Czech Republic with CAPM and practical procedures of its determination using the market data provided by Bloomberg. The work addresses some open problems of practical determination of market risk premium as a choice between historical and implied risk premium, determination of credit spread as a representative of country risk and accurate determination of the equity and bond market volatility ratio. The thesis also contains research on the cost of equity and single-factor sensitivity analysis demonstrating the significant influence of a small change in one parameter entering the calculation of the discount rate on the resulting value.
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The Valuation of the Manufacturing Company
Kovalenko, Maria ; Kislingerová, Eva (advisor) ; Brabec, Martin (referee)
The objective of this Master's Thesis is to estimate the market value of the company Moravskoslezské cukrovary, a.s., as of 28. 02. 2013. Thesis is divided into two parts, the first part is theoretical and the second part is practical. The theoretical part provides the reader with the definition of the most important terms used in the practical part and describes the processes used for an evaluation of the company. In the practical part financial and strategic analyses are used to assess the financial health of the company, to forecast potential profits of the company and to examine the internal and external working environments. Analyses are followed by the creation of the complete financial plan based on the value generators plan. The main method used for an evaluation is the method of discounted cash flow to equity; an additional method is economic value added method. The discount rate is determined using the CAPM method.
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Business valuation of the company Automotive Lighting s.r.o.
Přibyl, Matěj ; Heřman, Jan (advisor) ; Zeman, Karel (referee)
The final thesis "Business valuation of the company Automotive Lighting s.r.o." is divided into the theoretical and the practical part. The theoretical part is first focused on general issues of valuation. Its following parts then theoretically describe the general method of business valuation. The practical part is dedicated to the application of methods described in the theoretical part. Only the discounted cash flow to equity method (representing income valuation methods) and the EV/EBITDA multiple method (representing market methods) are applied due to the scope of the thesis. The property approach is represented by the equity book value. The thesis concludes with the final value statement.
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Business valuation of Alza.cz, a.s.
Zakieva, Yana ; Machek, Ondřej (advisor) ; Tyll, Ladislav (referee)
The master thesis is devoted to the market value estimation of the company Alza.cz, a.s. by 1.1.2014. The company is valuated with help of discounted cash flow to equity approach (DCF equity) and branch multipliers method. Thesis consists of financial and strategic analysis, operational asset allocation, value drivers determination, financial plan creation and business valuation.In conclusion the estimated business value is calculated.
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The Valuation of Edenred CZ s.r.o.
Hýža, Petr ; Heřman, Jan (advisor) ; Zeman, Karel (referee)
The aim of this diploma thesis is to estimate the market value of the company Edenred CZ s.r.o.. The thesis consists of two parts, theoretical and practical. In theoretical part is described applied methodology for valuation of company. Practical part contains analysis of market potential and company's business potential, financial analysis and analysis of value drivers. Subsequently, there is prepared financial plan as the company is evaluated in long-term perspective. As main valuation method is used DCF Equity and as complementary method Capitalized Net income.
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The valuation of the company Poděbradka, a.s.
Hollý, Michal ; Heřman, Jan (advisor) ; Zeman, Karel (referee)
The aim of this thesis is to estimate the market value of czech soft drink producing company Poděbradka, a.s. to the date of 31rd December 2013. The thesis is divided to two logical units -- theoretical and practical. The teoretical unit describes principles, theories and generally recognized ways of corporate valuation in the Czech Republic and in the world. Practical unit continues and expands the theory in its application. Due to the extent of the thesis, just two main yield methods of valuation will be used -- method of discounted cash flow, which is used mainly in Anglo-American valuation praxis and method of capitalized netto earnings, which is mainly used in German-speaking countries. Master thesis ends with terminal valuation statement, which defines the market value of the valuated company.
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