The master thesis Valuation of the company Kofola a.s. is divided into two main parts. The first part deals with the basic theoretical fundaments of business valuation. The basic terms of business valuation, purposes of valuation and its process is described within this part. The practical part aims to finding Kofola a.s. market value The strategic analysis, the financial analysis and the analysis of value generators which enabled the creation of financial plan contributed towards the finding of market value. The final income valuation is created by the DCF entity method.

The diploma thesis is concerning the problematic of business valuation of Nestlé Česko. The estimated value of the company refers to 31. 12. 2012. Within business valuation, diploma thesis comprises several analyses such as SWOT analysis, PEST analysis, Porter five forces analysis and financial analysis. The yield method of discounted free cash flow to the firm (FCFF) was applied to the business valuation. The comparison of company Nestlé Česko with its closest competitor in terms of basic financial indicator is also a part of business valuation. The financial plan and discount rate are set up in order to determine value of Nestlé Česko.

The focus of this master thesis is to estimate the fair value of the company Autocentrum Olomouc s.r.o., new and used cars dealership, using revenue method DCF Entity. After short introduction, strategic analysis is elaborated to assess revenue potential of the company and to estimate its future market share and future revenues. Conclusions made in strategic and financial analysis, which takes place to assess financial health, will help to verify going concern necessary for choosing revenues based valuation methods. Creating of the value generators follows, what leads to preparing of the financial plan for the following years. From these plans, it will be able to calculate free cash flow, which is needed for the valuation using DCF Entity method. Final value of the company is estimated from previous analysis at the end of the thesis.

The purpose of this thesis is to map the situation in the field of business and property valuation in the Czech Republic. The goal is to detect the most common deficiencies in processing of expert evidence. By analyzing sufficient amounts of expert evidence, the quality is evaluated by using appropriate criteria in context with the valuation regulations and national and international standards. Evaluation criterias are focused mainly on those parts of the evidence, which are crucial for the outcome of the expert evidence.

The aim of this thesis is to determine the market value of the company Imos Brno a.s. at 01th April 2010 in order to sell the company to an unknown investor. Thesis was divided into two parts, theoretic and analytic. The theoretic part describes the methodology procedure - strategic analysis, financial analysis, financial plan and pricing methods. The analytic section of this thesis contains all information relating to above mentioned company. Further the financial and assessment analysis is performed and on its basis the financial plan is created. In next step the incoming methods are applied. The conclusion presents the result company value and the methods evaluation.

The objective of this diploma thesis is the valuation of medium construction company Matex HK s.r.o. using discounted cash flow method. The thesis is divided into two main parts - the first part acquaints us with methodology of business valuation, while the second part is focused on valuation of the company itself. The theoretical body of the thesis describes basic calculations, methods and procedures necessary for correct estimation of the company value. Opening part is focused on defining of the basic principles of this issue. This is followed by introduction to methodics of strategic and financial analysis and description of the selected valuation method and matters related. Applied part of this thesis uses the described tools for the purposes of valuation of chosen company. Conclusion is devoted to company valuation statement and subsequent commentary.

The thesis deal with boarding-houses valuation methods. Boarding-house is a special business with real estate as the main asset. That's why we can value it as a business or as a real estate. In order to solve the dilemma, there is valued one innominate prague boarding-house as a business and as a real estate, too, in the thesis. The goal is to find out the boarding-house market value on 31. 12. 2010 and to decide on the best way of boarding-houses valuation. Next goal is to find out, whether is it better keep running the boarding-house, or let the rooms individually as the flats. The thesis is oriented on a practical application of real estate and business valuation, that's why the theoretical part is very brief. In practical part the boarding-house is first valued as a real estate and second as a business. In conclusion the final market value of the boarding-house is settled, it is resolved whether to value bording-houses as a real estate or as a businesses and it is decided of the best use of the real estate.

The aim of my thesis is to estimate market value of the company Metrostav as of December 31, 2008. To achieve this objective several analyses including financial analysis, strategic analysis and analysis of value drivers have been done. Finally, a financial plan has been set up and DCF Equity method of valuation implemented. Market value of Metrostav equity as of December 31, 2008 has been estimated at CZK 10 037 million.

The main goal of this thesis is to suggest a concept of financial planning for business valuation. Entry chapters are dedicated especially to the examination of differences between financial plan as one of company's activities and plan for business valuation. In the following chapter key parameters essentially influencing company's value (value drivers) are described. Two of them are accented: rate of growth and invested capital which is necessary for company's main business including its rate of return. I examine an impact of historical growth of the company, growth based on analyst's estimates and fundamental growth of the company on company's growth rate in the extraordinary growth period (first stage). In the next part I pay attention to factors and empirical studies influencing long term rate of growth. Then the rate of similarity of accounting invested capital and invested capital for business valuation and its impact on rate of return of invested capital is analysed. I point out intangible assets and in Czech accounting principles financial leasing assets. Then the relationship between rate of return of invested capital and costs of capital is described; the length of the first stage is suggested; use of models, which are necessary for transition of the company to its steady state is suggested; there are company's key characteristics, which change together with stabilization of the company, identified and there are advantages and disadvantages of value drivers formula and Gordon growth formula discussed. An empirical study dealing with planning for business valuation in the Czech Republic, where business valuation experts took part, was accomplished. The results of the study are presented in several different parts of this thesis.

Frente aos desafios da agricultura para as próximas décadas a terra assume um papel fundamental no cenário econômico. E, por sua relevância e abrangência, aumentam também as complexidades na apuração de seu valor econômico. Tendo em vista os diversos usos concorrentes a que a terra se destina, este trabalho tem o intuito de analisar quais são os agentes ativos no mercado de terras e quais os processos e métodos que os mesmos utilizam para avaliar as propriedades rurais. Além disso, busca-se explorar expandir as fronteiras conceituais do tema sob os diferentes enfoques em que a terra é discutida. A literatura acadêmica aborda o tema por diversos ângulos singulares nos campos da economia, ecologia, ciência política, direito, sociologia, e outros, na busca dos componentes determinantes do preço ou valor desse ativo, no entanto, há pouca cooperação entre essas disciplinas na análise da questão. Por meio de entrevistas com os agentes operantes no mercado de terras, representantes dos diversos interesses concorrentes no mercado, busca-se investigar como as propriedades são efetivamente avaliadas no mercado, quais os direcionadores de preço que esses agentes observam e quais os processos e fins dos seus relatórios de avaliação. Por fim, esses resultados são confrontados com a literatura acadêmica estudada e são levantados os pontos de coerências e discrepâncias da escolha desses métodos. / Facing the challenges of agriculture in the coming decades the farmland plays a key role in the economic scenario. For its relevance and scope, it also enhances the complexities of determining its economic value. Given competing uses and allocations to which it relates, this work aims to identify which are the participants in the farmland market and what processes and methods do they use to evaluate rural properties. In addition, it aims to explore and expand the conceptual boundaries of the topic through the different approaches in which the farmland is discussed. The academic literature addresses the topic from different angles concerning the fields of economics, ecology, political science, sociology, and others, in the search for its prices or value drivers. However, there is little cooperation among these disciplines. Making use of interviews with participants operating in the land market, representing the competing forces of this market, the research seeks to investigate how are the properties evaluated in the market, which are the observed drivers of their prices, according to the participant\'s point of view, and what are the processes and purposes of their valuation reports. Finally, these results are examined with respect to the existing academic theory pointing out their consistencies and discrepancies in conformity to the chosen valuation methods.