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Creation of an Investment Portfolio Based on the Economic Results of the Issuers
Kotas, Daniel ; CFA, Daniel Gladiš, MBA, (referee) ; Ptáček, Roman (advisor)
The main goal of this thesis is an evaluation of executive management in public companies in regards to their ability to allocate excess cash as well as their ability to manage said companies in order to build and mantain competetive advantages as means of estabilishing dominant market position and generating above-average profit, together with quantitative evaluation using methods of financial analysis and corporate finance in order to evaluate financial stability, effectivity and rentability of these companies as well as estimating the value of these companies in comparison to the market price of their shares in order to determine, whether a company can be considered a value investment and whether it will be elligible for incorporating the shares into a value portfolio. This thesis is then divided into two parts-theoretical basis of the thesis and practical part, whereas the theoretical basis revolves around researching practical procedures as well as theoretical knowledge in the field of value investing and financial markets in order to establish unified framework for applying mentioned principles. Beforehand defined value investing principles are used in the practical part of the thesis. Therefore, in the practical part, we evaluate three public companies- Apple, Inc. NIKE, Inc. a The Estee Lauder Companies, Inc. pursuing a goal of estimating their fair value and determine, whether they are eligible for being incorporated into a value portfolio.
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Creation of an Investment Portfolio Based on the Economic Results of the Issuers
Kotas, Daniel ; CFA, Daniel Gladiš, MBA, (referee) ; Ptáček, Roman (advisor)
The main goal of this thesis is an evaluation of executive management in public companies in regards to their ability to allocate excess cash as well as their ability to manage said companies in order to build and mantain competetive advantages as means of estabilishing dominant market position and generating above-average profit, together with quantitative evaluation using methods of financial analysis and corporate finance in order to evaluate financial stability, effectivity and rentability of these companies as well as estimating the value of these companies in comparison to the market price of their shares in order to determine, whether a company can be considered a value investment and whether it will be elligible for incorporating the shares into a value portfolio. This thesis is then divided into two parts-theoretical basis of the thesis and practical part, whereas the theoretical basis revolves around researching practical procedures as well as theoretical knowledge in the field of value investing and financial markets in order to establish unified framework for applying mentioned principles. Beforehand defined value investing principles are used in the practical part of the thesis. Therefore, in the practical part, we evaluate three public companies- Apple, Inc. NIKE, Inc. a The Estee Lauder Companies, Inc. pursuing a goal of estimating their fair value and determine, whether they are eligible for being incorporated into a value portfolio.
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Start-up Company Valuation when Applying Strategic Marketing Methods
Štěpánek, Michal ; Svačina, Pavel (advisor) ; Rýdlová, Barbora (referee)
The thesis is aiming to describe a procedure suitable for business valuation of start-up companies. Secondary aim is to provide the value itself. There are several methods described in the theory, which are utilized to define the strategic position of a start-up company. Most of them come from strategic marketing. Chapters about finances and risk follow and work with the conclusions about the strategic position of the company. The application part starts with defining strategy and concludes with market value estimate. In respect to the width of the topic, the application part is aimed at core aspects only.
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Appraisement of enterprise value
Slabý, Ondřej ; Kislingerová, Eva (advisor) ; Kolářová, Blanka (referee)
The purpose of this text is to estimate the value of Plzeňský Prazdroj, a.s. in order to determine value for yet unknown buyer. Approaches commonly used for appraisement of enterprises' value are used within the text, such as strategic analysis, financial analysis, finacial plan composition and the use of discounted cash flow methods. This thesis results in an appraisement of value of firm's equity on the date of evaluation.
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Estimation of EVRAZ VÍTKOVICE STEEL, a.s. value
Neumann, Zdeněk ; Kislingerová, Eva (advisor) ; Kolářová, Blanka (referee)
The point of this diploma work is an estimation of EVRAZ VÍTKOVICE STEEL, a.s. value through using an approach of DCF valuation model that works with FCFF cash flow. The estimation of the value is based on a strategic analysis - that analyses macro and micro environment of the company and a SWOT analysis. That was followed by a financial analysis which examined a financial health of the company and in conjunction with the strategic analysis created a base for a financial plan which is necessary for the valuation when DCF methods are applied. By the financial plan there were estimated cash flows for three future years and after that the estimation of the value was determined by application of the DCF model.
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