The aim of this Master's thesis was to find out enterprise value dated 1.1. 2011, characterise risk connected with this value, for example as a variability of possible results and to judge how the enterprise was affected by the economic crises. I used method discounted cash flow in variant FCFF to calculate enterprise value. I used regression analysis as the basic method to predict the most significant value generator, sales, then I adjusted the results according to the predictions published in qualitative studies of the Czech building industry. The demand for enterprise production was reduced as a result of the economic crises; it enforced production reduction and led to decline in sales and profit in years 2009 and 2010, deteriorating of rentability indicators and long-term assets turnover. I found out the enterprise value with the help of software Crystal Ball also by the stochastic model. In this case I regarded the factors influencing the enterprise value as random quantities. Variability of the possible results ranges between upper and lower limit, i.e. between 1,8 and 3,2 billion crowns.

The aim of this master thesis is to assess the objectified value of equity of the company Arysta LifeScience Czech s.r.o. Estimation is conducted from the parent company's perspective, assessing the value of equity before the moment of purchase of the parent company by American firm Platform Specialty Products. Discounted cash flow method based on FCFE is used for the valuation. Essential foundation for application of this method is the financial plan, which is based on internal company data and performed strategic and financial analysis. Monte Carlo simulation is applied to the DCF method in order to verify the accuracy of determining the value of equity under uncertainty. Moreover, sensitivity analysis is used to identify risk factors, which are impacting value of equity the most. Discounted cash flow method is complemented by asset-based approach, specifically by the book value method. The value of equity based on income approach is estimated to be 932 367 thousand CZK.

The topic of this master thesis is the appraisment of the company Fruko-Schulz s.r.o. which specialized in the sector of production and distribution of spiritous liquers and fruit sirups. The company will be appraised with use of revenue method of discounted free cash flow for the owners, in the case that the company is able to follow the going concern principle. To be able to assume that, we will use the strategical and financial analyses. In the strategical analysis we will be assessing the internal and external potential of the company and the outlook of the relevant market. In the end we will be able to made prediction of this market and also the company's share of the market. The financial situation will be assessed in the finanacial analysis afterwards. It is then possible according to these analyses create the value generators and the finacial plan for the following years. The company will be appraised according to these plans and free cash flows to the firm.

The aim of this diploma thesis is to estimate the value of the company Jan Becher - Karlovarská Becherovka a.s. The valuation is made by June 30, 2015 for the purposes of current company shareholders. First part of the thesis is dedicated to the theoretical instruments of the company valuation, which are subsequently applicated in the second part of the thesis. First of all, the valuated company is briefly introduced and afterwards follows the strategic and financial analyses. The main goal of these analyses is to set a strategic background of the company, asses its current as well as expected future market position and its overall financial results. Based on these analyses, the main value drivers are specified and afterwards, with use of gained data, financial plan containing balance sheets and profit and loss accounts for the years 2016-2020 is compiled. This financial plan serves as a foundation stone to the valuation. The valuation itself is done using a yield method of discounted cash flow in variant of FCFF. At the end of this thesis, the estimated value of the company is also compared with the book value of the company.

[pt] O presente estudo ilustra os principais métodos usados no mercado e na academia para valorar uma empresa familiar de capital fechado. A Avaliação pelo Método Contábil, o Fluxo de Caixa Descontado e a Avaliação por Múltiplos são os métodos mais utilizados e serão abordados passo a passo em um estudo de caso para se identificar qual deles melhor se adequa à realidade da empresa alvo com o intuito de se obter um valor econômico financeiro justo. A empresa alvo ficará em sigilo por uma questão de estratégia, possibilitando assim, um possível venda total ou parcial. / [en] This study presents the main valuation methods often used in the market and in the research fields for small family companies. Accounting Valuation, Discounted Cash Flow and Multiples Method are the most used methods and they will be explained step by step in a study case tthat will point out which one is the most suitable one for the company. The company will remain confidential as a way of assuring its strategies and a future sale.

This Master‘s thesis is focused on the assessment of the market value of VODÁRENSKÁ AKCIOVÁ SPOLEČNOST, a. s. Based on the analysis of the company‘s surroundings and a financial analysis, a financial plan and the company‘s evaluation, using the method of discounted cash flow, are proposed.

This master thesis deals with specify a value of a chosen company by the income-based methods, especially by the Economic Value Added and Discounted Cash Flow. The thesis deals with describe of the methodology of bussiness valuation in the theoretical part. The practical part contains strategic and financial analysis, financial plan and the closure contains a proposal of valuation of company to date 1. 1. 2014.

The thesis is focused on determining the value of the company Steelmont - konstrukce s. r. o. The first part is dedicated to theoretical basis using available Czech and foreign literature that relate to this topic. The second part deals with the analysis of the current state of the company, which includes strategic and financial analysis. Another important part of the business valuation is financial plan. By using the suitable method is determined the enterprise value for a certain period, and finaly there are created proposals to increase this value.

This master´s thesis deals with the valuation of the chosen company OPTICONTROL, s.r.o. by using income-based method. The thesis is divided into three parts, namely the theoretical, analytical and practical . The theoretical part defines basic terms used in the valuation of companies, selected methods and valuation procedures required for application to a chosen company. The analytical part then consists of practical application of theoretical basis. Thus the content of the analytical part is strategic analysis, financial analysis and financial plan . In the last practical part there is valuation of the company itself.

<p>No Fault Founds (NFFs) are an expensive problem faced by the airline industry. The underlying cause of NFFs are a major focus of research work in the field, but the dearth of consistent data is a roadblock faced by many decision makers. An important risk factor identified is the occurrence rate of NFFs.</p><p>This research work aims to help decision makers in the Airline Maintenance, Repair and Overhaul teams, when faced with recurring NFFs, to make a choice based on value derived from the system and risk preference of the decision maker under uncertainty. The value of the aircraft fleet is laid out using Net Present Value at every decision point along the system life cycle while accounting for the uncertainty in the failure rate information. Two extreme decisions are considered for the decision maker to choose between: rebooting the system every time a failure occurs and results in an NFF which allows for it to recur while reducing uncertainty of the failure rate; or eliminating the failure mode which assumes that the failure does not recur and therefore completely removes the uncertainty. Both decisions have their associated uncertain costs that affect the NPV calculated. We use a Monte Carlo approach to estimate the expected profit from deciding to eliminate the failure mode. We make use of Expected Utility Theory to account for the risk preference of a decision maker under uncertainty and build an Expected Utility Maximizing decision framework.</p>To conclude we give some guidance to interpret the results and understand what factors influence the optimal decision. We conclude that not accounting for uncertainty in estimating a failure rate for the future along with uncertainty in NFF costs can lead to an undesirable decision. If the decision maker waits too long to gather more information and reduce uncertainty, then rebooting the system for the remaining life could be more worthwhile than spending the large amount of money to Eliminate a failure mode. Finally, we conclude that, despite uncertainties in information of occurrence rates and costs of NFFs, an Expected Utility maximizing decision between the two options considered – Reboot and Eliminate – is possible given the available information.