|
|
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.
|
|
|
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.
|
|
|
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.
|
|
|
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.
|
|
|
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.
|
|
|
Ocenenie podniku
Oravčík, Vladimír ; Heřman, Jan (advisor) ; Zeman, Karel (referee)
The aim of this Master's Thesis was to find enterprise value dated 31. 12. 2012. To set the enterprise value I used method of discounted economic value added EVA. Evaluation was made in software named Evalent. It is supporting tool for valuation of companies. Part of analysis was SWOT analysis and strategy analysis. To find the value of company I made financial plan of company based on data disposable for evaluation. I compared company with its main competitors and result of the comparison is that company is above average in each evaluated field. Value of company was set to 997.959.000 CZK.
|
|
|
Evaluation of the company Cayman Pharma s. r. o.
Klicperová, Lucie ; Scholleová, Hana (advisor) ; Špaček, Miroslav (referee)
The goal of this master thesis is to perform valuation of the company Cayman Pharma s. r. o. and examine company's future on the date of evaluation August 29, 2012. The theoretical part of the thesis is based on specialized literature written mainly by professionals who work for the University of Economics, Prague. The theory describes in a logical order all necessary methods for company valuation -- strategic and financial analysis and a list of different methods of company valuation. In the second part of the thesis the theory is applied on the relevant environment of Cayman Pharma s. r. o. and on the specific values acquired from publicly known sources. Finally the company is valuated based on an estimation of the financial plan of Cayman Pharma s. r. o. using the methods of discounted free cash flows.
|
|
|
The Valuation of the pharmaceutical company Ferring-Léčiva, a.s
Karbanová, Iveta ; Scholleová, Hana (advisor) ; Baník, Jozef (referee)
The thesis deals with the valuation of the Ferring-Léčiva, a.s.. The estimated value of the company refers to April 1, 2012. Financial analysis of the company, analysis of the macroeconomic environment and industry analysis are applied in the process of valuation. The methods which are applied for the company valuation are free cash flow to the firm and free cash flow to the equity. Both methods are applied with two-stage model. After delivery of the statement of the enterprise value the attention is focused on the comparison with the method based on the accounting property of the company which is based on difference of the total assets and liabilities of the firm.
|
|
|
The Impact of Information and Time on Company Value
Hart, Dominik ; Kislingerová, Eva (advisor) ; Daňhel, Jaroslav (referee)
The aim of this thesis is to discuss the issues of real-world company valuation. For this purposes a valuation of Shell Czech Republic a.s. in period from 1/1/2010 to 1/5/2012 is provided to inform a potential exogenous investor, who has no access to insider information. The valuation is based on yield methods built on present value of future cash-flows. These methods are FCFF (Free Cash-Flow to the Firm), FCFE (Free Cash-Flow to the Equity), DDM (Dividend Discount Model) or a method of flows connected to EVA (Economic Value Added). Analysis shows the future growth potential and discount rates have the main influence on the company value.
|
|
|
Valuation of the Company PREST PŘEROV a.s.
Dostál, Jan ; Scholleová, Hana (advisor)
The goal of this Master's thesis is to perform valuation of the company PREST PŘEROV a.s. and determine its market value on the date of valuation 20th of December 2011. The theoretical part describes basic terms, general description of the valuation process, strategic and financial analysis methodology and the most commonly used valuation methods. In the practical part of this work, the theoretical foundations are applied on the specific conditions of the valuated company PREST PŘEROV a.s. Strategic and financial analysis of the company is performed. After the formulation of its financial plan the company is valuated using the discounted cash flow method in the entity version, because pre-conditions of the going concern principle are met.
|
guest ::
