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Valuation of Phillip Morris Czech Republic, Inc.
Šusták, Denis ; Dvořáček, Jiří (advisor) ; Boukal, Petr (referee)
The aim of this diploma thesis is first of all clarify the topic of the valuation and the methods of valuation in the first theoretical part and then apply these methods on the selected company Philip Morris, Inc. The theoretical part explains the reasons to perform valuation and how to do it. The practical part consists of introducing the company being valuated and afterwards performing all the analysis explained in theoretical part. The strategic analysis consists of PEST analysis and Porter five forces model. In the financial analysis are analyzed absolute indicators, ratios and differential indicators. Based on the results of both strategic analysis and financial analysis financial plan is created. After this, valuation is made via different methods. After the valuation a brief summary follows with results of this thesis.
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Valuation of the company Lidl Czech Republic
Chodl, Filip ; Rýdlová, Barbora (advisor) ; Hanzal, Martin (referee)
The main goal of the thesis is the valuation of the company Lidl Czech Republic which is one of the major discount supermarket chain in the Czech Republic. The purpose of the valuation is to independently determine market value of the company at 1. 1. 2015. According to specifics of this market it is used discounted cash flow method, DCF Entity, which is complemented by the alternative method of market comparison. The parts of the thesis are financial and strategic analysis, value drivers and financial plan.
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Valuation of Papillons a.s.
Stillerová, Andrea ; Rýdlová, Barbora (advisor) ; Pláničková, Markéta (referee)
The Diploma thesis is focusing on the valuation od the company PAPILLONS a.s., which belongs to the significant czech manufacturers of home textile products. The aim of the valuation is to estimate the market value of the company PAPILLONS a.s. The market value of the company was estimated using the method DCF Entity. As a secondary and supportive tool was used valuation by market comparison using branch multipliers. The parts of the thesis are financial and strategic analysis, operational assets allocation, value drivers and the estimated financial plan. The analyses are supplemented by tables and graphs. At the end of the text there is an estimated market value of the company PAPILLONS a.s.
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Evaluation of König-Porzellan Sokolov, spol. s r.o.
Hájek, Jan ; Špička, Jindřich (advisor) ; Vaculovič, Jiří (referee)
This diploma thesis, entitled as evaluation of König-Porzellan Limited company, Sokolov, Czech Republic, aims to determine the objectified value of the König-Porzellan, Limited company to the date of December 31, 2015. This research is proceed especially for the needs of management and owners of the company. The work is divided into four main parts. The first part consists of the introduction, setting out the objectives and main preconditions for the creation of the work, as well as theoretical and methodological part which presents the methodology for individual instruments involved in the work. This is followed by a practical part, which contains the presentation of the award-winning company, defining the company's position in the market through strategic analysis. The economy aspect of the company will be represented by financial analysis. After compilation of the financial plan for the period 2015 - 2020 to approach to the actual evaluation of the company using the yield discounted cash flow method variant FCFF. The total value of the company to date of December 31, 2015 is 105 177 CZK. This value is further analyzed by Monte Carlo simulations.
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Valuation of the company Pegas Nonwovens SA
Šperňák, Filip ; Sieber, Patrik (advisor) ; Dostálek, Michal (referee)
The aim of this thesis is the valuation of the company Pegas Nonwovens SA and estimates a fair market value of the share price. The thesis was split into two parts. The theoretical part describes all methods and fundamentals used in the practical part. The practical part starts with a strategic and a financial analysis that evaluate the current situation of the company and identifies main drivers of the equity value. Introduction of key value drivers provides a baseline for the financial plan and the CF projection and it is followed by the final valuation with discounted cash flow model using FCFF. In addition, comparable companies multiples are used as a supplementary valuation method and in the end the thesis also provides an investment recommendation.
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The Valuation of the company FARMAK, a.s.
Valderová, Lenka ; Scholleová, Hana (advisor) ; Šedivá Krejčí, Dana (referee)
The diploma thesis is dealing with the valuation of the Compaq FARMAK, a.s. and it is created for potential investors. The company evaluation refers to December 4, 2013. The beginning of the thesis is related to the theoretical part, where methods used in the practical part are described. In the first instance, there is financial analysis of financial statements performed. The analysis has three elements -- vertical analysis, horizontal analysis and ratio analysis. Then the strategic analysis is performed with its analysis of micro and macro environment. Then financial plan was planned based on previous analyses and prognosis of value generators. The valuation of the company is using yield method of discounted free cash flow. -- FCFF and then the value is compared with the accounting value of the company.
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Determination of value of the company
Mičková, Martina ; Scholleová, Hana (advisor) ; Brabec, Martin (referee)
The aim of this Master's Thesis is to determine the value of cheese factory Orrero to December 1, 2013 for yet unknown buyer. The first part of the thesis deals with a theoretical basis for company valuation, there are stated reasons for evaluating the company and there is described a valuation procedure, followed by a description of strategic and financial analysis, financial plan and valuation methods. In practical, core part of the thesis I have presented Orrero enterprise and then I have worked out its valuation in accordance with the theoretical part of the work. As a valuation method there was chosen free cash flow to the firm.
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Valuation of Choceňská mlékárna, s.r.o.
Ptáčková, Blanka ; Scholleová, Hana (advisor) ; Čámská, Dagmar (referee)
The aim of this thesis is to determine the value of Choceňská mlékárna s.r.o. to the date 30th April 2014. The thesis is divided into two main parts -- theoretical and practical. The theoretical part informs the reader about the methodology used when valuating a company and this information is than applied in the practical. First of all there is a strategic analysis (analysis of both macro- and microenvironment) followed by evaluating of health of the company using a financial analysis. Based on these analyses' the company is found healthy and therefore a yield method (FCFF) is used for the valuation. Subsequently a financial plan is made to be used for valuating using the yield method. The valuation of the company is in the end of this thesis establishing both the value of the whole company and the equity.
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Determining the value of gynecological surgery
Bauerová, Alena ; Scholleová, Hana (advisor) ; Komínek, Petr (referee)
The aim of the thesis is the valuation of functioning gynecological surgery for the primary purpose of selling this meical practice in the next 5-10 years. The value of this surgery was based on the strategic and financial analysis and compiled financial plan for the next 5 years. The resulting valuation is done first by using the equity method and then by the method of returns and also by relative valuation method. The first two methods were then used as the basis for the valuation by the combined method. All calculated values of the company are set to 31st December, 2013. Finally, it contains the recommendation wheather it is better to sell this medical practice as a self-employed person or a as legal entity.
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Business valuation of Pivovar Nymburk, spol. s r.o.
Stibůrková, Petra ; Kislingerová, Eva (advisor) ; Smrčka, Luboš (referee)
The aim of this master thesis is business valuation of Pivovar Nymburk, spol. s r.o. to the date 31. 12. 2012. The valuation is made to inform the owners of the enterprise value. This thesis is divided to two parts, theoretical and practical. The first theoretical part presents the key concepts and process of valuation, which is important for the practical part. In the practical part are strategic and financial analysis, analysis and prognosis of generator value, financial plan and mainly business valuation using discounted free cash flow in the variant FCFF. The value of the company is 101 405 000 CZK. Conclusion of the work includes an evaluation of the results.
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