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Valuation of the Firm by Using Income Capitalization Approach
Šviková, Šárka ; Huňatová, Eva (referee) ; Karas, Michal (advisor)
This master thesis deals with the valuation of the firm NHKZ Steel s.r.o. by using income capitalization approach. In the first part, there are described theoretical foundations of the thesis and process used for valuation of the company. The practical part contains the strategic and financial analysis, compilation of value drivers, proposal of the financial plan and cost of capital. At the end of the thesis, there is the valuation of the firm to the date 1. 1. 2017 using the method of discounted cash flow method DCF entities and the economic value added method.
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Valuation of the Firm by Using Income Capitalization Approach
Šviková, Šárka ; Huňatová, Eva (referee) ; Karas, Michal (advisor)
This master thesis deals with the valuation of the firm NHKZ Steel s.r.o. by using income capitalization approach. In the first part, there are described theoretical foundations of the thesis and process used for valuation of the company. The practical part contains the strategic and financial analysis, compilation of value drivers, proposal of the financial plan and cost of capital. At the end of the thesis, there is the valuation of the firm to the date 1. 1. 2017 using the method of discounted cash flow method DCF entities and the economic value added method.
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Aspects of financing the LBO acquisitions
Durdil, Lukáš ; Jílek, Josef (advisor) ; Rybáček, Václav (referee)
This diploma thesis deals with the acquisition of companies by means of the Leveraged Buyout (LBO) method. This method differs in many respects from the standards M&A. This work examines the specific features of the given business transactions from the viewpoint of the target companies, procedures and entities involved in these transactions. As the key element of the LBO method is the debt financing of the acquisition, the work also deals with this aspect and evaluates the positions of the creditors from the viewpoint of the influence on the stability of the financial system. The thesis further analyses the question whether the LBO method has an effect leading to an increased effectiveness of processes in a company, or whether, conversely, the proceeds of acquisition investors are a consequence of a transfer of values from other entities. The text is based on available theoretical and empirical sources which are supplemented by the author's analyses.
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