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Business valuation of Blažek Praha, a.s.
Zacharda, Patrik ; Pláničková, Markéta (advisor) ; Plánička, Pavel (referee)
The aim of the diploma thesis is determination of the investment value of the company Blažek Praha, a.s. at December 31st 2014 for the purpose of settlement of a partner Ing. Jan Vácha, which has through the company BLAŽEK HOLDING, a.s. a 10 % share in company. The thesis is written in the form of expert opinion and is focused practically. The first part of the thesis deals with introduction of the company in terms of its operations, history and ownership. The next part of the thesis describes financial analysis, which aims to determine financial health of the company. In the strategic analysis is describes the current development of the market, its prediction and competitive position. The next part continues with analysis and forecast of value drivers and a financial plan. On that basis it is decided about the infinite duration of the company and continues with valuation. At the end of the thesis is set the investment value of the company and 10 % share of Mr. Jan Vácha.
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Analysis and valuation of the company GMF Aquapark Prague a.s.
Pešková, Barbora ; Smrčka, Luboš (advisor) ; Schönfeld, Jaroslav (referee)
This diploma thesis deals with methods and options of valuation of companies.An integral part of the valuation is also financial analysis, strategical analysis and financial plan for year 2015 - 2019. The aim is to valuate a specific company GMF Aquapark Prague a.s. which is an entrepreneur of water park in Čestlice near Prague. I used to valuation by discounted cash flow method and economic value added method. The company is valuated to date 31. 12. 2014.
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Valuation of company AGF Logistics, Ltd.
Vinohradská, Veronika ; Hrdý, Milan (advisor) ; Kuchyňa, Pavel (referee)
The purpose of this thesis is the valuation of AGF Logistics, Ltd. The diploma thesis consists of financial analysis for the years 2011 to 2015, from the strategic analysis, financial plan drawn up for the years 2016 to 2020 and valuation of the company. Company valuation is done based on the DCF entity method using other supporting methods.
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Valuation of PEBAL s.r.o.
Turza, Vladimír ; Brabenec, Tomáš (advisor) ; Keselý, Ladislav (referee)
The thesis aims to determine the equity value of the company PEBAL s. r. o. as of January 1st 2016. It is not separated into theoretical and practical part, because it is considered as fake appraisal of an expert. That is the reason why the whole thesis is practical with occasional theoretical background explanations. In the first part there is basic information provided about the appraised company along with its characteristics. Then financial analysis is carried out which will provide an overall picture of financial health of the company along with determination of competitors. Followed by strategical analysis which deals with the market as whole and predicts its future development as well as development of sales of the valued company. The next part consists of analysing and predicting value drivers and the overall financial plan. Result of the last part is the valuation itself applying discounted cash flow (DCF) method using discounts rate calculated earlier in the chapter. The final chapter also contains market valuation using method of comparable companies along with Monte Carlo simulation, that provides probability distribution of the value of the company.
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Valuation of the company KOVOVÝROBA HOFFMANN, s.r.o. using DCF Entity method and DCF APV method, focusing on the comparison of both methods
Směták, Martin ; Maříková, Pavla (advisor) ; Hanzal, Martin (referee)
The master thesis aims to compare the DCF Entity method and the DCF APV method. In the practical part of the thesis, both of these methods are applied to evaluate the company KOVOVÝROBA HOFFMANN, s.r.o. When applied correctly and using the same input data, DCF Entity as well as DCF APV results are supposed to equal. However, both methods dispose of its pros and cons. Despite its imperfections, the DCF Entity method is commonly used in practise, whereas the DCF APV method lacks of interest. This thesis, however, points out that the DCF APV could be not merely an equal alternative to the DCF Entity method, but could also avoid some of its imperfections or give extra information compared to the DCF Entity method. As a consequence, we can expect increasing importance of the DCF APV method.
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Valuation of company Jan Becher
Rosenbreyer, Jan ; Špička, Jindřich (advisor) ; Boukal, Petr (referee)
The aim of this thesis is the valuation of company Jan Becher - Karlovarská Becherovka, a. s. at the date of 31st December 2014. The thesis is divided into two main parts. In the theoretical part the approach to the valuation of the company is defined. In the practical part, the above defined approach was used for strategic and financial analysis of the company, followed by the compilation of complex financial plan and definition of discount rate. What follows is the final valuation of the company which was accomplished through discounted cash flow method in the entity approach. At the end of the thesis the determined value through discounted cash flow model was compared to the accounting value of the company.
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Valuation of the company BONAVITA, spol. s.r.o.
Miksová, Šárka ; Strouhal, Jiří (advisor) ; Boukal, Petr (referee)
The main goal of this diploma thesis is a valuation of the company BONAVITA, spol. s.r.o. referring to 31st December 2014. Valuation process is based on publicly available data such as company´s annual reports. The diploma thesis consists of two main parts. The first is the theoretical part providing explanation and description of basic terminology, methods and approaches used in this particular valuation process. The practical part begins with a company introduction, followed by strategic and financial analysis in order to analyse the environment and financial health of the company. After that the value drivers are planned and on this basis the financial plan, which consists of a balance sheet and income statement, is formulated for the period from 2015 until 2019. The financial plan is a key element for valuation of the company using the DCF entity method which is compared to the book value of company´s net assets.
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Determination market value of company
BRÁZDOVÁ, Nela
The aim of diploma thesis is to evaluate selected company as a whole for its inner purpose. This purpose allocate category value, respectively determination of venture?s market value, which is most often defined as estimated amount for shift assets to the date of evaluation among optional and independent partners. Theoretical part of thesis qualify theoretical problem frame of company valuation. In this part of thesis essential key words, factors and value categories are defined. Part of the problem is also strategic and financial analysis and projection of future reports or financial plan. Last part deals with methods of valuation itself ? methods based on revenue analysis, market and assets. For evaluation purpose has been chosen company BRÁZDA-AUDIT, a. s., which deals with experts activities in field of economics.
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Valuation of the company Rodinný pivovar BERNARD a.s.
Langr, Jan ; Scholleová, Hana (advisor) ; Čámská, Dagmar (referee)
The aim of the thesis is to determine the value of equity of the company Rodinný pivovar BERNARD a.s as of July 31st, 2012. To assess the value of the company the DCF Entity approach is used. The thesis itself is divided into two separate parts. The first contains the theoretical basis for company valuation and general description of methods and procedures that are used. The second part introduces the business, analyses its relevant market and macro environment and sets the prognosis for its future development. This prognosis is essential to set up a financial plan which is then used to determine the value of the company for its owners. The final supplementary chapter describes the possibilities of using Monte Carlo simulation as an extension to the classical methods of company valuation.
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