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The Valuation of The Company ITEST plus, s.r.o.
Andrlíková, Romana ; Scholleová, Hana (advisor) ; Mackenzie, Iveta (referee)
The Master's Thesis deals with the valuation and the enterprise value determination. The thesis is divided into two parts. The theoretical-methodological part presents the basic principles for the valuation and defines the notion of value; indicates the particular groups of method used in compliance with the valuation objective. Special attention is devoted to the yields methods, FCFF, FCFE, and DCF models. The aim of the application part is to appoint the value of the Company ITEST plus, s.r.o to the date 30 April 2014. The application part includes company profile, strategic analysis, and financial analysis, prognosis of value drivers, financial plan, and final valuation. The discounted cash flow method - free cash flow to the equity is used for appointing the value of the enterprise. The lower limit value of the Company is determined on the accounting property of the Company.
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The evaluation of company Model Obaly, a.s.
Šidák, Martin ; Scholleová, Hana (advisor) ; Erlitz, Jakub (referee)
The thesis focuses on the evaluation of company Model Obaly, a.s. The main goal is to quantify the market value of the company for the potential external investor. The estimated value refers to May 1st, 2014. The yield method of discounted free cash flow to the firm (FCFF) is applied for the company evaluation. Among others, there is financial and strategic analysis developed as minor goals of the thesis. Within strategic analysis, the author has conducted an examination of macroeconomic and microeconomic environment. The examination is carried out with PEST, SWOT analysis and Porter's five forces analysis. Financial analysis includes horizontal and vertical analysis of financial statements, ratio analysis and an examination of an indicator economic value added. Within the process of the evaluation there is evolved a financial plan, based on which is quantified the market value of the company to May 1st, 2014.
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Valuation of the Czech football clubs
Kalkantová, Adéla ; Novotný, Jiří (advisor) ; Kuchár, Róbert (referee)
This thesis deals with the valuation of the Czech football clubs. The aim of this thesis is to define the value of selected Czech football clubs. For this purpose, we selected two Czech football clubs. It is a professional club Bohemians 1905 Praha and an amateur club FC Melnik. Company valuation is based on data from publicly available sources. The theoretical part deals with the concepts of valuation, valuation approaches, the functioning of football in the Czech Republic and the specifics of doing business in this branch. The practical part applies the selected methods to individual clubs and sets the value of clubs. In the process of valuation the clubs are presented and their analysis is worked out. CVM and asset metod are applied for the valuation itself.
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Valuation of Poděbradka, a.s.
Priesol, Tomáš ; Scholleová, Hana (advisor) ; Čámská, Dagmar (referee)
The main goal of this Master's Thesis is to determine the value of Poděbradka, a.s. as at 31 March 2015. Free cash flow to the firm model has been used for the valuation purposes. The work includes strategic and financial analyses which are used as a basis for financial plan. Consequently, discount rate is calculated and used further in the thesis. The main valuation method is supported by minor methods that are based on market comparison. Comparative analysis based on comparable traded companies and comparable transactions was performed. The thesis also include sensitivity analysis that explores influence of key factors on the enterprise value.
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Evaluation of Hyundai Motor Manufacturing Czech, s.r.o.
Jirsa, Prokop ; Kotáb, Jiří (advisor) ; Scholleová, Hana (referee)
The theme of this final thesis is an evaluation of a Hyundai Motor Manufacturing Czech, s.r.o company. The goal of this thesis is to determine the value of the company based on discounted free cash flow and discounted economic value added methods using only publicly available sources while respecting "going concern principle". The date of valuation is 1. 12. 2013. This thesis consists of two parts. The first part focuses on the evaluation methodology. The second part focuses on the company, its market and surroundings. It contains strategy and financial analysis of the company needed for the evaluation process. The evaluation process itself is afterwards analyzed and explained thoroughly.
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Evaluation of Robert Bosch spol. s.r.o.
Novák, Josef ; Scholleová, Hana (advisor) ; Šmelhaus, Marek (referee)
Subject of the thesis is evaluation one of the plants of the biggest subcontractor of automotive components. The main goal of the thesis is to determine the enterprise value of Robert Bosch spol. s.r.o for the company management who wants to manage this value in terms of maximum fulfillment of the basic objectives of company owners. The value of the company refers to January 1. 2013. Evaluation is based on publicly available sources, mainly on informations from the annual reports. This data was consulted with employees of the company. In the theoretical part of the thesis, the process of evaluation is explained and some of the steps are examined in detail. In the practical part, introducing with the company and the business environment is made. Within the evaluation, financial and strategical analysis is prepared. The eavulation is based on yielding methods, method of discounted free cash flow and discounted economic value added.
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Business valuation
Kropáček, Matěj ; Kislingerová, Eva (advisor) ; Čámská, Dagmar (referee)
The diploma thesis is concerning the problematic of business valuation of Nestlé Česko. The estimated value of the company refers to 31. 12. 2012. Within business valuation, diploma thesis comprises several analyses such as SWOT analysis, PEST analysis, Porter five forces analysis and financial analysis. The yield method of discounted free cash flow to the firm (FCFF) was applied to the business valuation. The comparison of company Nestlé Česko with its closest competitor in terms of basic financial indicator is also a part of business valuation. The financial plan and discount rate are set up in order to determine value of Nestlé Česko.
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The Evaluation of Linet s.r.o.
Fišer, Karel ; Sieber, Patrik (advisor) ; Špička, Jindřich (referee)
This Master thesis deals with the valuation of the company Linet spol. s.r.o. to the date December 8, 2012. As a valuation method was used the earnings valuation method based on discounted free cash flow to the company. Except of value of the company, there is determined internal value of private equity. Financial analysis of the company and strategic analysis are applied in the process of valuation. Process of valuation is based on financial plan and another input variables such as avarage cost of capital. Delivery of the statement of the company value is followed by valuation. A single-factor sensitivity analysis has been carried out too. It focuses on individual factors that affect the final value of the company.
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The evaluation of IKEA Česká republika, s.r.o.
Pituchová, Vladimíra ; Scholleová, Hana (advisor) ; Kotáb, Jiří (referee)
The focal point of the thesis is the valuation of IKEA Česká republika, s.r.o. estimated as of December 31, 2012. Resulting value is set both on equity and enterpise levels. Financial analysis of the company, analyses of the macroeconomic and microeconomic environment and firm's position on a given market are included in the valuation process. To determine the value of company yield methods are applied: discounted free cash flow to firm (FCFF), discounted free cash flow to equity (FCFE) and discounted economic value added (DEVA). The resulting value represents a sum of present free cash flows intended for the owner of the company.
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Valuation of the Škoda Auto, a.s.
Rožánek, Lukáš ; Scholleová, Hana (advisor) ; Kotáb, Jiří (referee)
The thesis deals with the valuation of the Škoda Auto, a.s. The estimated value of the company refers to December 31, 2012. Financial analysis of the company, analysis of the macroeconomic environment and industry analysis are applied in the process of valuation. The yield method of discounted free cash flow to the firm is applied for the company valuation. After delivery of the statement of the enterprise value the attention is focused on the analysis of the major factors that affect the resulting value of the company to December 31, 2012. The effects of individual factors are based on sensitivity analysis. Suggestions resulting in increase of the enterprise value in the future are presented.
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