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Fundamentální analýza amerického automobilového průmyslu pro portfolio management investičního fondu
Ludwig, Marek
Ludwig, M. Fundamental analysis of the US automotive industry for portfolio management of an investment fund. Diploma thesis. Brno: Mendel University, 2023. The thesis focuses on a fundamental analysis of the automotive sector with a special emphasis on five automotive companies operating in the US market: General Motors, Toyota, Ford, Stellantis and Hyundai. The objective is to determine the intrinsic value of these companies and to establish investment recommendations for the management of an equity investment fund portfolio. The paper is divided into three parts. The first part presents the theoretical framework. Specifically, an explanation of the Free Cash Flow to the Firm method, which is used for the valuation itself. The second part focuses on the general industry analysis and the third part is devoted to the valuation of the studied companies and the determination of the investment recommendation. The result of the work is the determination of the intrinsic values of the companies studied, comparison with their market prices and the derivation of the investment recommendations.
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Venture capital investments
Šinkovic, Michal ; Brada, Jaroslav (advisor) ; Kiska, Andrej (referee)
Diploma thesis analyses venture capital, which is part of alternative asset class investment. At the outset, paper very briefly discusses the private equity industry and differences between venture and buyout capital. Followed by a chapter that discusses entrepreneurship, entrepreneurial finance, financing alternatives for new ventures and the importance of venture capital and its impact on new businesses. Next chapter describes problems and risks that venture capital fund and entrepreneurs face after the contract is being signed. The paper also highlights some instruments that can be used against these risks and problems. The biggest part of thesis describes whole venture capital investment cycle from getting money, screening opportunities to valuation and exit of portfolio companies. Lastly the paper analyses venture capital in Central and Eastern Europe region (CEE) and briefly describes venture capital company based in Prague - Credo Ventures and its portfolio companies.
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The valuation of the company Poděbradka, a.s.
Hollý, Michal ; Heřman, Jan (advisor) ; Zeman, Karel (referee)
The aim of this thesis is to estimate the market value of czech soft drink producing company Poděbradka, a.s. to the date of 31rd December 2013. The thesis is divided to two logical units -- theoretical and practical. The teoretical unit describes principles, theories and generally recognized ways of corporate valuation in the Czech Republic and in the world. Practical unit continues and expands the theory in its application. Due to the extent of the thesis, just two main yield methods of valuation will be used -- method of discounted cash flow, which is used mainly in Anglo-American valuation praxis and method of capitalized netto earnings, which is mainly used in German-speaking countries. Master thesis ends with terminal valuation statement, which defines the market value of the valuated company.
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