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Modelování technicko-ekonomických informací v průběhu životního cyklu stavby
Biolek, Vojtěch ; Heralová,, Renáta Schneiderová (referee) ; Petráková,, Zora (referee) ; Witala, Lukáš (referee) ; Hanák, Tomáš (advisor)
This dissertation focuses on the issue of the effective use of information on construction life cycle costing (LCC) when designing buildings. Information is key data about the environment, conditions and processes, but nowadays it is increasingly important to use it effectively, especially in the construction industry. In the current state of construction practice, the close connection between architects/designers and construction economists in the phase of construction designing is underutilized. For investors, such as developers or public entities, it is crucial to ensure the efficient use of funds and the consideration of construction life cycle costing. The life cycle costing of construction (LCC) indicator seems to be ideal for investment evaluation, as it includes the costs associated with the entire construction life cycle from procurement to disposal. However, the LCC indicator is still underutilized or is used inappropriately with imprecise inputs. For its effective use, accurate technical and economic information is needed, which in current practice is often missing or inaccurate. The resulting LCC indicators are thus only informative and provide limited information on the future costs of the construction. The aim of this thesis is to propose a methodology for the effective use of the LCC indicator in the design of buildings. The methodology will be focused on obtaining accurate technical-economic information, such as repair and maintenance costs, construction life and acquisition costs. In this way, it will be possible to create high-quality constructions withoptimal life cycle costing. The effective use of the LCC indicator will contribute to better decision-making by investors and support a sustainable approach in the construction industry.
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Business valuation of Nutrend D.S., a.s.
Husslíková, Gabriela ; Machek, Ondřej (advisor) ; Boukal, Petr (referee)
The aim of this thesis is to determine the value of Nutrend D.S., a.s. referring to 31st December 2015. The thesis is divided into theoretical and practical part. The first part consists of methodology and theoretical basis, that are used in the practical part afterwards. Before the valuation itself, strategic and financial analysis are included, which are followed by financial plan for the next years. For the purposes of valuation, the discounted cash flow method based on free cash flow to the firm was applied. For comparison, the book value of company was used as minor method.
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Valuation of Budějovický Budvar, n.p.
Kempská, Monika ; Strouhal, Jiří (advisor) ; Dvořáček, Jiří (referee)
The aim of diploma thesis is to determine the value of the company Budějovický Budvar, n.p. In the theoretical part is specified theoretical principle of valuation, which is applied in the practical part of the thesis. The diploma thesis includes financial and strategic analysis, which is used for creating financial plan for future period. The main method of the valuation is DCF Equity. The main method is supported by minor methods (book value and Value/EBITDA).
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CAPM and its application in the business valuation
Vavrouch, Martin ; Pošta, Vít (advisor) ; Kulbakov, Nikolay (referee)
The Bachelor thesis deals with the use of CAPM within the business valuation process. In the first, theoretical, part, the DCF model is explained, the CAPM is derived and the link between the DCF model, used for intrinsic value computation, and CAPM, used for discount rate calculation, is shown. The second, practical, part concerns itself with the application of the theoretical model CAPM in the real world and on the real company ČEZ a.s. In this part the basic methods of CAPM computation are shown as well as the main pitfalls of this calculation. At the end of the second part, the valuation of ČEZ using DCF and the discount rate obtained from the CAPM is performed.The main goal is to demonstrate to the reader how to calculate the discount rate using CAPM and to calculate the actual discount rate of ČEZ.
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Picking stocks with the value investing strategy
Slánský, Filip ; Pošta, Vít (advisor) ; Makovský, Petr (referee)
The Bachelor thesis focuses on the whole process of picking stocks. In the first, theoretical, part, the importance of investing both in personal and corporate life is mentioned. It also describes the screening process of a stock market inluding the list of all used screening criterias, and the DCF pricing model, as one of the most used valuing methods out there. All the parts of DCF model (cost of capital, cashflow, growth, valuation) are explained there. In the second, practical, part, we use the screening proces to pick one company from NYSE (New York Stock Exchange). The company is National Oilwell Varco, Inc., and the DCF model is used to execute valuation of the company with all necessary calculations. In closing of the second part, the investment decision is carried out applying the concept of margin of safety, and final thoughts depict the possible flaws in the valuation, acquired insights and future recommendation.
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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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Valuation of the company SYNER
Gergelyová, Jana ; Kislingerová, Eva (advisor) ; Vápeník, Martin (referee)
The subject of this thesis is to analyze the financial health of the company Syner, and determine the market value of the company based on publicly available information. The value of the company should provide important information for owners, whether access to the proposed takeover of foreign investors or reject the offer. The theoretical part of the thesis describes the processes and methodology of valuation, then in the practical part is introduction of company, financial and strategic analysis and valuation of the company itself.
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The evaluation of company DHL Express (Czech Republic) s.r.o.
Trecáková, Tatiana ; Scholleová, Hana (advisor) ; Mackenzie, Iveta (referee)
The aim of this thesis is to determine the market value of DHL Express (Czech Republic) s.r.o. based on publicly available information as at 31.12.2011. The first section details the methodological framework for strategic and financial analysis, building a financial plan and determining the market value of a company. The beginning of the practical part contains the evaluated company information and declares the purpose of determining the market value of a company. The strategic analysis and evaluation of a company's financial health is an essential part of the evaluation process. In addition, the individual company value generators are prognosed on the basis of which the financial plan for the next period is built. On the assumption of company's continued existence, the discounted cash flow method DCF was selected.
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