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Valuation of the Blatenská ryba, spol. s r.o. company
Bláhová, Jana ; Sieber, Patrik (advisor) ; Štamfestová, Petra (referee)
The diploma thesis focuses on the business valuation. The goal of this thesis is to appraise the market value of the Blatenská ryba, spol. s r.o. company for its owners. The thesis has two parts -- theoretical and practical sections. Necessary theoretical basis is described in the theoretical section and then the presented tools are applied in the practical section. Within the business valuation, there are introduced a strategic analysis and a financial analysis to identify critical factors which can influence the value of the chosen company. After this value generators are prognosticated and a financial plan is compiled. The method of discounted free cash flow to the firm (FCFF) is applied for the valuation of the Blatenská ryba, spol. s r.o. company.
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Evaluation of photovoltaic power plant project
Nádlerová, Simona ; Sieber, Patrik (advisor) ; Machek, Ondřej (referee)
The purpose of this diploma paper is to present economic models used to evaluate the investment and its implementation in calculating merits of investment in photovoltaic power plant. It consists of theoretical and practical part. Most importantly, the discounted cash flow method is used to evaluate the investment. To calculate the impact of potential adverse scenarios, cash flow streams of each of them were multiplied by their probabilities. Next stage of the paper provides sensitivity analysis for major risk factors. Finally, the breakeven point was determined and presented as a subsidiary case for investment decision.
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Valuation Ozex company
Kozáková, Barbora ; Kislingerová, Eva (advisor) ; Stupák, Jozef (referee)
The aim of this master thesis is to assess the objectified value of entity of the Ozex company. The valuation is based on the method of discounted cash flow, specified in Free Cash Flow to the Firm. For the valuation, the neccesary basis is financial plan. Financial plan, together with performed strategic and financial analysis are foundation for valuation. The financial statements were used for the determining the value of the company. Some information were gained also via interviews with inner employee. The value of enitity based on income approach is estimated to be 15 639 271,63 Eur.
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Evaluation of the market value of a firm – Drubezarsky zavod Klatovy as of 1st of January 2014
Novák, Michal ; Heřman, Jan (advisor) ; Kislingerová, Eva (referee)
This master's thesis dealing with appraisal of a firm Drubezarsky zavod Klatovy which is headquartered in Klatovy is composed of seven essential chapters such as company background, strategic analysis, financial analysis, value drivers, financial plan, valuation and valuation summary along with sensitivity analysis in order to provide a complete range of understanding. Individual key chapters are divided into subchapters. The company ranks among the biggest manufactures of a poultry meat in the Czech republic. The primary aim of this thesis is to detect and review key attributes, which are affecting or even are capable of having an influence on company market value as of 1st of January 2014. Market value were set according to International Valuation Standards (IVS). The business valuation is primarily determined by two methods. The first main method known as discounted cash flow analysis (DCF) in the form of adjusted present value approach (APV) is not at all employed in valuation practice, but it is deemed to be some kind of reference method of all DCF forms. Another one, I employ, is called German income approach (German: Ertragswertverfahren -- EWV). Across texts are used statistical methods in conjunction with statistical programme R that tell me help my specified goal.
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Valuation of the company Měšťanský pivovar Havlíčkův Brod, a.s.
Bláha, Dalibor ; Kislingerová, Eva (advisor) ; Plaček, Jan (referee)
The goal of this Master's Thesis is to estimate the value of company Měšťanský pivovar Havlíčkův Brod, a.s. as of 31. 12. 2014. The valuation is made to inform the owners of the enterprise value. This thesis is divided to two parts, theoretical and practical. The theoretical part explains basic terms and methods from field of evaluation, which will be 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 entity. The conclusion discusses the results of evaluation process.
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Evaluation of METRANS DYKO Rail Repair Shop, s. r. o.
Klečka, Jaroslav ; Špička, Jindřich (advisor) ; Čámská, Dagmar (referee)
The aim of this thesis is to determine an objectified value of equity capital of the company from a perspective of a parent company. The evaluation will be done by an yield method, however, it will also be compared with the accounting method. FCFF (free cash flow to firm) will be used for the final evaluation. The result of this method will be compared to the evaluation based on EVA (economic value added). When creating evaluations and its components. I will have access to company data and used procedures will be continuously consulted with the management of the evaluated company. The evaluation by the yield method is based on the financial plan. For its objectified construction it is necessary to conduct strategic and financial analysis that will result in a basis for predicting the future economic activities of the company. At the end of the thesis I will apply Monte Carlo Simulation to the chosen evaluation method in order to take into account the uncertainty in financial planning for the next 6 years. The awards resulted most likely mean (arithmetic average) valued company in the amount of 406 600 thousand. CZK.
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Company Valuation Hollandia Karlovy Vary s.r.o.
Teimlová, Magdaléna ; Scholleová, Hana (advisor) ; Habrnal, Marek (referee)
The thesis consists of valuation of the company Hollandia Karlovy Vary s.r.o. up to the 20th of August, 2014. It includes a strategic analysis describing inner and outer potential based on which the market and company sale prognosis were made. Furthermore, it includes a financial analysis and industry comparison. After that the financial plan and free cash flows were generated. The valuation itself follows based of the FCFF method. The value of the second phase was estimated using Gordon's growth model as well as the Parametric formula.
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Valuation of the company Verizon Communications
Beneš, Ondřej ; Kislingerová, Eva (advisor) ; Štamfestová, Petra (referee)
The main objective of this thesis is to valuate the company Verizon Communications, Inc. Master thesis is divided into two main parts -- theoretical and practical. Theoretical part includes description of methods used in the practical part, especially introduces steps and methods of valuation. Practical part contains strategical analysis, financial analysis for years 2008 -- 2012 and financial plan for years 2013 -- 2017. Based on the preceding steps the lone valuation is carried out. Valuation is carried out by two different methods. The first one is the discounted cash flow method in FCFF version and the second is valuation by EBITDA sector multiple.
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Valuation of the company VUIS - CESTY spol. s r.o.
Lipinská, Jana ; Svačina, Pavel (advisor) ; Menčlová, Barbora (referee)
The diploma thesis represents valuation of company which is focused on applied research, certification and testing of road construction material. The goal of the valuation is to estimate the market value of the company, using the methods of DCF Entity and Branch Multipliers. The paper includes strategic and financial analysis, asset allocation into operationally necessary and unnecessary, value generators and financial plan of company. Text is accompanied by clear tables.
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Brewery business valuation
Jandík, Jan ; Kislingerová, Eva (advisor) ; Synek, Miloslav (referee)
The presented master thesis aims to estimate the equity value of the company PIVOVAR SVIJANY, a.s. as of 31.12.2011. The value is estimated using income approach, specifically the DCF entity method. The introduction section presents the motives for the valuation and the applied approach. The theoretical part addresses the basic concepts and approaches, which are fundamental for the selection of an appropriate valuation method and the value estimate itself. The practical section deals with strategic and financial analyses of the company, financial plan forecast and the business value estimate. In conclusion, the key findings of the individual sections are summarized. The results of the analyses confirm excellent financial standing of the company, which has been valued at CZK 2 739 663 thousand.
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