The topic of my master thesis is the valuation of Pixelfield, s.r.o. company. The introduction and the theoretical part present basic and advanced procedure with valuating a company. An emphasis is put on the financial analysis and on the financial plan. In the practical part I apply and analyze findings on a company, which makes business in digital marketing and IT. The primary objective is to apply the theoretical knowledge and valuate the company according to the official proceeding. The secondary objective is to confront the valuation with a real situation - that means the real amount of money that possible investors offer. Further I use other possible solutions how to valuate a company and again to confront it with a real situation.

The thesis concerns with the valuation of Spolek pro chemickou a hutní výrobu, a.s. (Spolchemie, a.s.). It is divided into two separate parts - the first one is rather theoretical and it summarizes the methodology used. The second part, which is practical one, provides the valuation of the company based on the methodology mentioned before.

The diploma thesis focuses on the analysis of a business group. The aim of the paper is to assess the ability of ČEZ a.s. company to increase shareholders value and the ability to sustain the growth in the future. The paper includes strategic analysis, financial performance analysis and valuation of ČEZ a.s. company, which is the parent company of ČEZ business group. The strategic analysis includes PEST analysis, industry analysis, SWOT analysis and market analysis. The financial analysis includes horizontal and vertical analysis of consolidated financial statements, ratio analysis, and calculation of value indicators based on economic value added. ČEZ a.s. company was valuated using free cash flow to the firm method, economic value added method and using market multiplies. Value of the company is estimated as of 1/1/2008. The value estimated is 769 bn Kč.

The basic objective of the submitted thesis "Determination value of company ELMO, spol. s r.o." is exactly estimate the market value of ELMO company. Principle of this thesis states the summary and description of the incoming methods of company assessing. The analytic section of this thesis contains all information relating to above mentioned company. Further the financial and assessement analysis is performed and on its basis the financial plan is created. In next step the incoming methods are applied. The verdict of appraisal value is stated in the final section.

In the context of this thesis was carried out valuation of Agentura STUDENT, which operates in the field of personnel services. Specifically, it is providing temporary workers in the region of Prague. During the process of valuation has been carried out a strategic analysis which describes the situation on the relevant market in the years 2001 - 2008. After subsequent examination of the financial health of the company was valued by DCF equity method and as an additional method has been chosen market comparison.

This paper focuses on specific features of the bank valuation and description of the valuation methods. Illustrative valuation of Komerční banka, a.s. is made at the end of this paper.

The goal is to determine the value in use of Philip Morris ČR Group at 1 January 2009. For this purpose, I made the strategic analysis, financial analysis and the financial plan for the period 2009-2019. The non-market value of equity of Philip Morris ČR Group at 1 January 2009 is 12 405 million CZK.

This final thesis analyzes and evaluates current techniques used in attribution analysis of the private equity funds. The first section defines all the relevant parameters and relationships. The second section provides the reader with a historical overview of the private equity industry together with a unique typology of private equity funds. Description of the current situation in the private equity industry is based on my discussions with investment professionals. These two sections are followed by a chapter describing the private equity investment process and the leveraged buyouts. Analysis is focused on value creation during buyouts, buyout price negotiations and the role of investment banks. I define individual phases of the private equity investment process and various valuation techniques used during the life cycle of the investment. Special attention is given to the private equity valuation process and its differences to the traditional and formal legal valuation. A special reaction function of cost of equity was derived from the traditional discounted earnings methods. Separate section is dedicated to calculation of return and efficiency of private equity funds. I analyze various methods used in the return/efficiency evaluation process, including the most frequently used Internal Rate of Return (IRR) approach. I then propose an adjustment (or several adjustments) to the IRR method and I test my proposals on several real-life case studies. In the same manner I theoretically derive and then practically prove major factors affecting the return of private equity investments. Special attention is given to the effect of company's indebtedness and operational improvements on total return of the private equity investment.

In this thesis the distinctive features and challenges of the company valuation in emerging markets are presented. The valuation approach considered as superior in comparison to other methodologies, the triangulating method, is applied to a company from the emerging market of Brazil, the aircraft manufacturer Embraer. The triangulation valuation approach comprises one primary method, the scenario discounted cash flow valuation, and two secondary approaches, the valuation based on multiples and the valuation with a country-risk built into the cost of capital. At the beginning, the valuation methods prevalent in developed markets are presented. Afterwards, for the emerging markets, the applicability of these approaches from the developed world is assessed. In addition, potentially useful modifications are identified. In advance of the detailed valuation of Embraer, the Brazilian macroeconomic situation and its main financial market, the Bolsa de Valores, Mercadorias & Futuros de Sao Paulo (BOVESPA), will be analyzed.

The aim of this Thesis is to determine the value of the company: Rodinný pivovar Bernard, a.s. especially in the case of sale in the day 31st december 2010. The practical part of the thesis focuses on analysis of the company itself and its production structure and financial analysis. Other part of the thesis focuses on the micro-enviroment, including the Czech beermarket and on the analysis of the czech market as a whole. The actual calculation is based on the assumption that the firm does not increase its production capacity and that the sale is concluded at faktory's state at 31st december 2010. The financial plan was determined by the forecasts of the author. The actual value of the equity is calculated on the basis of the Discounted Free Cash Flow method based on two phase DFCFE.