This Master's thesis aims to valuate Czech company SOME Jindřichův Hradec, s.r.o. with valuation date set as 31th December 2014. For this purpose is performed strategic analysis for each of company's divisions separately. Conclusion of this analysis contains two variant forecasts of company's turnover and SWOT analysis. Following financial analysis contains both vertical and horizontal analysis of financial statements, financial ratio analysis and analysis using solvency models. Based on findings, there was not sufficient evidence for implicit acceptance of going concern principle and therefore improvement plan is prepared. Following this plan presents another variation of the valuation. In the end, the valuation of the company is performed using EVA method.

The master thesis is devoted to the market value estimation of the company Alza.cz, a.s. by 1.1.2014. The company is valuated with help of discounted cash flow to equity approach (DCF equity) and branch multipliers method. Thesis consists of financial and strategic analysis, operational asset allocation, value drivers determination, financial plan creation and business valuation.In conclusion the estimated business value is calculated.

The aim of the thesis is to determine the value of Citfin, spořitelní družstvo to date 31.12.2013 for the purpose of strategic decision regarding the future functioning concept of the coop. The work includes a profile of the cooperative followed by financial and strategic analysis. Financial plan is based on the findings from the financial and strategic analysis. The valuation is based on asset analysis, additionally on yield analysis and market comparison.

The aim of this master thesis is business valuation of Pivovar Nymburk, spol. s r.o. to the date 31. 12. 2012. The valuation is made to inform the owners of the enterprise value. This thesis is divided to two parts, theoretical and practical. The first theoretical part presents the key concepts and process of valuation, which is important for the practical part. In the practical part are strategic and financial analysis, analysis and prognosis of generator value, financial plan and mainly business valuation using discounted free cash flow in the variant FCFF. The value of the company is 101 405 000 CZK. Conclusion of the work includes an evaluation of the results.

The aim of this thesis is to determine the value of the company Rodinný Pivovar BERNARD a.s. as of 31st of December 2013. The company is valuated using discounted cash flow (FCFF and FCFE) method and economic value added method. The methodology section contains theoretical basis which is necessary for determining the value of the company. Theoretical knowledge is applied in the practical part. The practical part includes strategic analysis, in which the beer market in Czech Republic was analyzed, financial analysis, which assesses financial performance of the company. The conclusion contains a statement about the value of the company.

The main goal of this diploma thesis is the estimation of market value of Ekosystem company. The thesis is divided into four parts. In the first part I described activities of company. In the second part I made a financial analysis of this firm. In the third part I used strategic analysis to predict its future earnings. Then I made an estimation of company value. I used the DCF Equity method.

The aim of this thesis is to valuate private medical practice of general practitioner and develop a project that would enable selling this practice in a five-year horizon. For the purpose of valuation I will assess the state of and outlook of the Czech health care system, I will perform financial analysis of the company. Based on information from the financial and strategic analysis I will compile financial plan and final valuation. Project of the sale will address the steps that have an impact on sale in terms of cost, transaction risk, tax perspective, financing and methods of the sale.

In this dissertation thesis I analyzed the convergence of the profitability and growth of Czech companies in order to improve the business valuation process. In the first part of this thesis the present theoretical and empirical research of the convergence are described. The main goal was to find facts that prove or disprove the existence of the convergence processes. Another goal was to judge existing income valuation models that use convergence approaches. The second part of my thesis is focused on the empirical studies of growth and profitability. The purpose of this part was to identify the problems (so that they could be avoided in my research), to determine the direction of my research and to find tools that should be useful for the analysis. Simultaneously I tried to find evidence to support or to refute the certain patterns of the development of profitability and growth, such as random process, stability or convergence. Briefly summarized, convergence processes are supported in general and also in specific economic theory, because they result from the existence of the competitive advantages that are necessary to renew. However, empirical studies are focused only on foreign markets and their results differ, mainly in various regions, industrial branches and in time. There is no such analysis compiled for the Czech market, so I deal with the convergence of the profitability and of the growth of Czech companies in the third part of my dissertation thesis. Both characteristics are tested using the panel data and also the time-series of the individual companies. Panel data are tested in order to determine distribution of the dynamics of the profitability and of the growth. At the same time related phenomena, which cohere with some patterns of the development of the observed characteristics, are searched -- such as random process or persistence of profitability and growth. In the tests of the individual time-series I try to identify the patterns of progress of profitability and growth. In this part of thesis I used several tools of the mathematical statistics. From outcomes recommendations for the business valuation were suggested. The process of the elimination of the highest level of the profitability and growth is fast. The research confirms that the individual growth and profitability of most of the companies is random. Certain indications of persistence of the profitability were found in the case of relevant number of companies in the medium period, but not in long term. The persistence of the growth is rare not only in long period but also in the medium period. From the results of this thesis that can be highlighted, it was proven that the models based on convergence process can be used only in the case of subjects that achieve stable and high level of the profitability. If there is indicated the random process of the profitability in majority of subjects and if there is possible the convergence by the oscillation, the unsuitable application of the convergence process will lead to great mistake.

This thesis presents a comprehensive valuation of small manufacturing business. The thesis includes strategic and financial analysis, prediction of value generators, developing a financial plan and valuation.

The aim of this thesis is to lay down the value of the company L Oréal Česká Republika s.r.o. to the date first of January 2015, by using the discounted cash flow method. As follows, this thesis is divided into a theoretical and practical part. The theoretical part consists of theoretical basis and necessary tools, that are later used in the practical part. The practical part first focuses on the presentation of the company, strategical and financial analysis and subsequently, on composing a financial plan. The planning results in the final valuation of the company, using the discounted cash flow method.