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Valuation of a Company
Opluštilová, Lucie ; Michlovská, Lenka (referee) ; Zinecker, Marek (advisor)
The aim of this thesis is to define the subjective value of stock company VINSELEKT MICHLOVSKÝ by using selected yield methods of valuation. Valuation will be made to 1. January 2011 and will be used for internal needs of management. The theoretical part explains the main concepts and describes the methodological approaches, related to the valuation of the company. Theoretical basis of literature search are developed and applied to specific business entity in the next section. The practical part is introducing the evaluated company, includes the results of the strategic and financial analysis and in the final stage also the suggestion of valuation.
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Valuation Fortuna Entertainment Group NV
Lernerová, Lucie ; Štamfestová, Petra (advisor) ; Fazekaš, Michal (referee)
This thesis focuses on the valuation of the Fortuna Entertainment Group NV, which is leader in sports betting market in central Europe. Analyzing, describing and predicting methods are used for determination the adequate corporate value. The master´s thesis defines theoretical framework, which is a starting point for finding the value of the company. The basic used methods include PESTLE analysis describing factors, which affects Fortuna externally, Porter´s five forces analysis characterizing internal factors, financial analysis capturing financial condition and financial plan created as support for the valuation. For the valuation purposes author assumes functioning of the group based on going concern principle, therefore the yield methods, specifically DCF entity, are used. Using the identified assumptions and methods in this thesis the value of the group at 31th December 2014 is established. The calculated value of the Fortuna exceeds market value resulting from market capitalization. This fact is presumably caused by different level of information used for each of these methods.
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Valuation of the company Jan Becher - Karlovarská Becherovka, a. s.
Novotný, Jakub ; Brabenec, Tomáš (advisor) ; Lepič, Lukáš (referee)
The aim of the Master´s Thesis is the valuation of the company Jan Becher - Karlovarská Becherovka, a.s. at market value to 31. 12. 2014. The first parts of the thesis acquainted with the purpose of the valuation and with the valued company. Then follows financial analysis, where is analyzed financial health of the company and the premise of going concern. Strategic analysis and prognosis of sales of the company, which is based on the strategic analysis, follow. Then value generators are predicted and subsequently financial plan created. The final part of the thesis deals with the valuation of the company by method DCF Entity and also by market comparison method as the method of support.
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Business valuation of Pardubický pivovar a.s.
Dvořák, Jan ; Maříková, Pavla (advisor) ; Hanzal, Martin (referee)
The thesis "Business valuation of Pardubický pivovar a.s." is divided into six parts. The first part is devoted to the description of the business. In the next parts follow strategic and financial analysis. In the fourth part are analysed and forecasted value drivers resulting in building a financial plan of the business. The valuation is made consequently by DCF entity method using parametric formula for terminal value. Last part is devoted to the theoretical concept of determining beta by bottom-up approach with a simple example.
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Valuation of company PRESTIGE REAL, s.r.o.
Sopko, Marián ; Maříková, Pavla (advisor) ; Šnajberg, Oxana (referee)
The goal of the thesis is valuation of the company Prestige Real s.r.o. The date of the valuation is 1.1.2016. The thesis consists of several parts. In the first part there is basic information about the company followed by strategic and financial analysis and evaluation of going concern principle. Subsequently, the financial plan for 2016 to 2020 is prepared, which serves as a foundation for final valuation. The valuation of the company is performed by two methods. The primary method is DCF entity method and the secondary is method using industry multiples.
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Valuation of the company MODELÁRNA LIAZ spol. s r.o.
Matějček, Jakub ; Rýdlová, Barbora (advisor) ; Mahdík, Miloslav (referee)
This diploma thesis deals with the valuation of MODELÁRNA LIAZ spol. s r.o. The main business of the company is focused on development, production and construction of components, tools and products for automotive, energy and aerospace industries. The main goal is to estimate the market value of this company with using DCF Entity method. As a supportive method was used method of sector multipliers. The diploma thesis also includes financial and strategic analysis, analysis and forecast of the main value drivers and financial plan for the future.
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The valuation of Český porcelán, a.s.
Hlava, David ; Smrčka, Luboš (advisor) ; Schönfeld, Jaroslav (referee)
The aim of this diploma thesis is the determination of market value for Český porcelán, a.s. to the date of December 31, 2014 for the purpose of sale for average investor on the market. The thesis is divided into two main parts. Theoretical part is focused on definition of main terms, explaining of process and methods used for the company valuation. This is followed by a practical part, where are these information applied in practice. It contains of financial analysis, which is evaluating financial health, strategic analysis defining its position on the market. After analysis is drawn up the financial plan, which leads into valuation of Český porcelán, a.s. using DCF Entity.
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Business evaluation of Pivovar ZUBR a.s.
Vasilišin, Ľubomír ; Brabenec, Tomáš (advisor) ; Pucci, Slavomír (referee)
The aim of this Master's thesis is to evaluate the market value of the Zubr Brewery a.s., to the 1.1.2014. The main method selected for estimating the value of the company is discounted cash-flows for creditors and owners, also known as DCF entity. The early chapters are dedicated to making financial and strategic analysis of the company and of its competitors. After confirmation of going concern, the generators are defined and financial plan is executed, which serves as the key of the valuation using the income methods. The final value of the company is complemented by the valuation using book value method and multiples. In the end, the chapter deals with deferred tax liability and its possible use in the planning of forecast of the company.
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Valuation of the company Tradiční pivovar v Rakovníku, a.s.
Kolská, Šárka ; Rýdlová, Barbora (advisor) ; Svačina, Pavel (referee)
The aim of the Master´s Thesis is a valuation of the company Tradiční pivovar v Rakovníku, a.s. at market value to 1. 1. 2015 for the purposes of hypothetical sale on the basis of publicly available information. The first part of the thesis acquainted with the purpose of the valuation and with the valued company. Strategic analysis and prognosis of sales of the firm, which is based on the strategic analysis, follow. In the next part the thesis focuses on financial analysis and evaluation of financial health of the company. Attention is paid to the analysis and prognosis of generators of value and to the estimation of financial plan of the company. The conclusion of the thesis deals with the valuation of the company by yield method DCF Entity. The market value is alternatively determinates by market comparison method.
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Business valuation of Crystalex CZ, s. r. o.
Klíma, David ; Rýdlová, Barbora (advisor) ; Pláničková, Markéta (referee)
The aim of this thesis is to determine the market value of Crystalex CZ, s. r. o. to 1. 1. 2015. At the beginning of the work assessed company is introduced. Then follows financial analysis, where is analyzed financial health of the company and the premise of going concern. Thesis continuous with the strategic analysis and the prediction of companys sales. Then value generators are predicted and subsequently financial plan created. In a final chapter the market value is calculated by DCF Enity method in three scenarios.
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