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Valuation of Engineering Company using Income Capitalization Approach
Pejchal, David ; Širilla, Jiří (referee) ; Režňáková, Mária (advisor)
This master thesis deals with a valuation of the company FLSmidth spol. s r.o. It is focused on finding its maximally objectivised value, for the future strategic planning purposes (as of 1st January 2021). The chapters about strategic and financial analysis are followed by value drivers and a financial plan that provides a basis for the chosen valuation method DCF APV. Based on this metod the final valuation is estimated.
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Valuation of Engineering Company using Income Capitalization Approach
Pejchal, David ; Širilla, Jiří (referee) ; Režňáková, Mária (advisor)
This master thesis deals with a valuation of the company FLSmidth spol. s r.o. It is focused on finding its maximally objectivised value, for the future strategic planning purposes (as of 1st January 2021). The chapters about strategic and financial analysis are followed by value drivers and a financial plan that provides a basis for the chosen valuation method DCF APV. Based on this metod the final valuation is estimated.
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Business Valuation of the company MELITES, spol. s r. o.
Kűchler, Jiří ; Maříková, Pavla (advisor) ; Dvořák, Jan (referee)
Thesis deals with the valuation of the chosen company. Strictly speaking thesis topic is business valuation of the company MELITES, spol. s r.o. This company is a local producer of frozen bakery products. The goal of the thesis is to estimate a market value of one hundred percent share in this company. The thesis is composed of only a practical part, which is divided into nine chapters.
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Business valuation of ZON spol. s r. o.
Brož, Michal ; Pláničková, Markéta (advisor) ; Krch, Přemysl (referee)
Diploma thesis "Business valuation of ZON spol. s r. o." is formed as an expert opinion and its goal is to find a market value for hypothetic sale on the date 31. 12. 2014. Thesis is divided into five parts. The first part is devoted to the description of company. In next parts financial and strategic analyses follow. In the next part value drivers are analysed and planned, which result in completing financial plan of business for years from 2015 to 2020. In the last part ZON spol. s r. o. is valued by DCF APV method using parametric formula for the second phase.
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Valuation of company PODA a.s.
Přeček, Ondřej ; Maříková, Pavla (advisor) ; Hanzal, Martin (referee)
The aim of this thesis is to estimate market value of company PODA a.s. as at 31. 12. 2014. In the process of valuation I apply common valuation methods consisting of financial and strategic analysis, prognosis of value drivers and financial plan. Taking into account the good prospects of the company I choose the DCF APV method to determine its value. The comparable transactions method is used as a supplemental valuation method.
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Evaluation of the innovative organization
Klim, Michal ; Špaček, Miroslav (advisor) ; Holečková, Lenka (referee)
The main objective of my thesis is to evaluate an innovative organization STOMATOLOGICKÉ CENTRUM MUDr. IVO MAREK s.r.o. and its innovative process. Evaluation method uses the discounted cash flows of APV variant. The innovation process value is estimated as a difference between the estimation of the organization value and a hypothetical estimation of the organization without the innovative process. The result shows that the innovative process has a significant effect on the overall value of the organization.
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The valuation of the company RACIO, s.r.o.
Kulmonová, Petra ; Scholleová, Hana (advisor) ; Smrčka, Luboš (referee)
The aim of this diploma thesis is to estimate the market value of the company Racio Ltd. as of the date 07/01/2014. Market value represents the amount of money, which is an average market customer willing to pay. The thesis is divided into two parts. The first, theoretical part deals with the definition of related basic terms, describes the process of business valuation including used formulas and methods. The second part is practical; business valuation theoretical framework is applied to specific company -- Racio, s.r.o. Starting point of business valuation process is strategic analysis; the outcome is prediction of company sales forecast. The following financial analysis evaluates the financial health of the company. On those two analyses, generators values (which enable drawing up of financial plan) are designed. The final section focuses directly on valuation of the company Racio Ltd. using DCF APV method.
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Evaluation of the market value of a firm – Drubezarsky zavod Klatovy as of 1st of January 2014
Novák, Michal ; Heřman, Jan (advisor) ; Kislingerová, Eva (referee)
This master's thesis dealing with appraisal of a firm Drubezarsky zavod Klatovy which is headquartered in Klatovy is composed of seven essential chapters such as company background, strategic analysis, financial analysis, value drivers, financial plan, valuation and valuation summary along with sensitivity analysis in order to provide a complete range of understanding. Individual key chapters are divided into subchapters. The company ranks among the biggest manufactures of a poultry meat in the Czech republic. The primary aim of this thesis is to detect and review key attributes, which are affecting or even are capable of having an influence on company market value as of 1st of January 2014. Market value were set according to International Valuation Standards (IVS). The business valuation is primarily determined by two methods. The first main method known as discounted cash flow analysis (DCF) in the form of adjusted present value approach (APV) is not at all employed in valuation practice, but it is deemed to be some kind of reference method of all DCF forms. Another one, I employ, is called German income approach (German: Ertragswertverfahren -- EWV). Across texts are used statistical methods in conjunction with statistical programme R that tell me help my specified goal.
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The valuation of the company Cestovni kancelar Fischer, a.s.
Zindulková, Kateřina ; Maříková, Pavla (advisor) ; Poborský, František (referee)
The aim of my thesis is to estimate market value of the company Cestovni kancelar Fischer, a.s. as of 31st December, 2012. The thesis is divided into five main chapters. It starts with an overview which is followed by the strategic analysis. At the end of this chapter, the sales are predited for the second phase of the valuation. In the next part, the financial analysis have been performed to confirm the financial health of the company. In the third part generators of value have been analysed and predicted. On the basis of the generators of value the complete financial plan has been set up. In the last chapter, the company value was appraised using DCF APV and market comparison methods.
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Valuation of particular company by method DCF Entity (or DCF Equity) and DCF APV and analysis of potential differences
Kouba, Václav ; Hlaváč, Jiří (advisor) ; Mařík, Miloš (referee)
The master thesis evaluates the company ZVVZ GROUP. The main focus is to link the aspects connected with the yield valuation method DCF APV (Discounted Cash Flow Adjusted Present Value), since this method has many advantages, although rarely used in practice. The DCF Entity method is chosen for comparison. This method is used much more often, despite methodological imprecisions, which are usually omitted. To demonstrate the advantages of the DCF APV method, I have decided to evaluate a complicated company ZVVZ, a. s. which has been transformed into holding ZVVZ Group, a. s.
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