The aim of this diploma thesis is first of all clarify the topic of the valuation and the methods of valuation in the first theoretical part and then apply these methods on the selected company Philip Morris, Inc. The theoretical part explains the reasons to perform valuation and how to do it. The practical part consists of introducing the company being valuated and afterwards performing all the analysis explained in theoretical part. The strategic analysis consists of PEST analysis and Porter five forces model. In the financial analysis are analyzed absolute indicators, ratios and differential indicators. Based on the results of both strategic analysis and financial analysis financial plan is created. After this, valuation is made via different methods. After the valuation a brief summary follows with results of this thesis.

The aim of this master thesis is to give a valuation of F. X. MEILLER Slaný, s.r.o., which specialises in the car industry. Valuation is provided by the method of discounted free cash flow. The thesis is divided into two parts. The first part is focused on theoretical information. Based on the theoretical part, a practical part follows. Firstly, the valuated company is described. Followed by a strategic analysis, financial analysis and value drivers. According to these analysis and facts, a financial plan is created for the next few years and a final business valuation of the company too.

The thesis "Business valuation of Pardubický pivovar a.s." is divided into six parts. The first part is devoted to the description of the business. In the next parts follow strategic and financial analysis. In the fourth part are analysed and forecasted value drivers resulting in building a financial plan of the business. The valuation is made consequently by DCF entity method using parametric formula for terminal value. Last part is devoted to the theoretical concept of determining beta by bottom-up approach with a simple example.

The aim of this thesis is valuation of the brewery Krakonoš spol. s r.o. to the 31st December 2014. The thesis consists of four parts. First part is devoted to the theoretical introduction to the business valuation and performance of the Krakonoš spol. s r.o. Next parts focuse on financial, strategic analysis, financial plan, including generators of value, and business valuation of the Krakonoš spol. s r.o. As the main valuation method was used DCF Equity, like one of the yield methods

The main objective of this thesis is to determine the market value of the compa-ny's equity DEKTRADE, Plc. to the valuation date 1st January 2016. The sec-ondary objective is to predict the growth of the market. These predictions should help the company's management. Thesis will be typically divided into theoretical part that aims to introduce readers to the issues of valuation and introduce methods that will be used in subsequent practical part. The practical part begins with a strategic analysis to be followed by a financial analysis. Following the distribution of assets to the operationally necessary and unnecessary forecast of value and a financial plan. The actual awards will be made using the method DCF entity. Results will be compared with the book value of equity.

The goal of this Master's thesis is the valuation of the company Gastroma, a.s to the 1st January 2010. The first part of thesis is focused on strategic and financial analysis. Based on results of these analysis, there is determined value of generators and is created financial plan. Executed analysis did not confirm the assumption of going concern and it was replaced with limited standing company. The main valuation method is a yield method of discounted free cash flow to entity because of technical and technological base of company. At the end of the first phase the company will be sold sell for exit value. There was chosen market comparison approach as a supporting method.

This dissertation thesis deals with estimation of the cost of debt that is applied for DCF valuation of businesses in the specific environment of the Czech Republic. Neither theory nor practice has focused on this issue in detail. There is no systematic and comprehensive list of the cost of debt estimation methods usable in practice. Valuers and analysts disregard estimation of the cost of debt arguing that it can be easily estimated from the current bank loan interest rates or from the traded bonds. Neither method is perfect and fully applicable in the Czech Republic. This dissertation thesis shows how the DCF value of an enterprise is shaped by the cost of debt. Almost all formulas analysed caused the value of an enterprise to change with the cost of debt, which makes the estimation of the cost of debt very important. Further, based on an analysis of 183 valuation reports, the thesis documents the practice of the cost of capital estimation in the Czech Republic. It shows that while the cost of equity is mainly estimated in compliance with theory, estimation of the cost of debt is done by simple and sometimes inappropriate methods, because there is no guidance in the literature. Finally, this thesis suggests various methods of the cost of debt estimation that can be used in practice in the Czech Republic. It provides full application guidance to these methods, data that was calculated by the author or taken from other sources and evaluates advantages and disadvantages of these methods. This thesis concludes by recommending methods that should be used for the cost of debt estimation in the Czech Republic as opposed to the simple methods currently used.

The aim of this thesis is to determine the market value of the company FTV Prima,spol. s r.o. to 31.7.2012. The thesis includes strategic analysis, financial analysis, financial plan and valuation of the company. At the end of this thesis is also executed sensitivity analysis to assess possible fluctuations of indicators that have major impact on the market value.

The above thesis topic I chose for two reasons. The first reason was that I had as a secondary specialization in Business Valuation chosen course of study in this specialization. I met with the subject in Practical Business Valuation. In this course, I participated in valuation process Consumer Unity in Jindrichuv Hradec. Because at my residence located Consumer Unity in Nymburk, whose stores I visit from time to time, I wonder if it is appropriate to evaluate the company using the income approach (or under what conditions) and what is the value of the company. Therefore, the objective of this thesis I have provided to determine the market value of unity, consumer cooperative in Nymburk. The second reason why I chose the topic of "valuation" as a whole is the fact that my favorite literary genres include detective novels. With a little imagination it can be said that the search for business value is similar or even identical to the above literary genre. When first we see business, we know about him very little, but we suspect that it certainly has some value. In the case of murder, we see the body, but do not know the offender. Over time composing pieces together and connect us with each connection, and finally ideally we will see a clear picture and find out who is the perpetrator, even if the culprit was the victim. If we are looking for enterprise value, this is a similar case. Gradually, as we proceed through financial, strategic analysis, the value of generators, the financial plan to the final valuation, we find that the company is healthy, if it is a competitive, what is the prognosis for the future, when we are at the end of the quest unable to determine its value. Proper "thriller" should consist of five components. From the introduction plot, climax, and denouement of the conclusion. Therefore, the thesis is divided into five parts. The first part consists of basic information about the company, where he briefly introduce the valuated company. Followed by a financial analysis that tells us what threats or vice versa opportunities deriving from the financial statements of the company and answer the question of whether the company is financially able to continue to operate. Another part of the work is strategic analysis to assess the position on a particular market and answers the question of how they will develop sales and market share of the business in the future. Subsequently generators predict values and use them to create a financial plan that will serve as an important basis for the final valuation Unity, consumer cooperative in Nymburk. In my work I used the experience and information on the issue of consumer cooperatives and food retail Practical lessons in the subject of business valuation studies in developing team.

The diploma thesis deals with several areas of issues related to valuing companies in bankruptcy proceedings. These spheres are interconnected. First and foremost it deals with the reasons for company valuation and perspectives of different subjects on this valuation. The second sphere of the thesis is the analysis of valuation approaches that are based on legal regulations of the Czech Republic. The last part of the paper is application of the valuation on a specific business company with subsequent confrontation with the actual realization of the company. Valuation is of crucial importance to creditors because it is determining in relation to their subsequent meeting the submitted claims.