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Ocenění vybrané obchodní společnosti / Valuation of FOXCONN CZ s.r.o.Albrecht, Tomáš January 2017 (has links)
The aim of the Master´s Thesis Valuation of FOXCONN CZ s.r.o. is to determine the objectified value of the company FOXCONN CZ s.r.o. as at 31. 12. 2015 from the perspective of an external analyst. The Master´s Thesis is divided into two main parts. The theoretical-methodological part describes the procedure of calculation single methods leading to the final valuation of the company. The emphasis is mainly on description of valuation, strategic analysis, financial analysis, planning of value generators, financial plan and the individual valuation approaches. The practical part is based on the application of particular procedures and calculations, described in the theoretical part. Results of every single chapter are properly commented using relevant information and other facts. The conclusion contents the summary of gained results leading to the determination of final value of the company. Method of free cash flows to equity (FCFE) was used for valuation.
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Ocenění mezinárodní společnosti HILTI s. r. o. / Hilti, Ltd. - Company valuationVaněk, Jakub January 2008 (has links)
The aim of this thesis is to determine the value of the company Hilti, Ltd. and carry out its valuation for a potential investor. The resulting's valuation is designed for the broadest investment community. The thesis consists of two parts, theoretical and practical. The theoretical part acquaint the reader with the basic theoretical framework for valuation and the basic concepts and it is explained to select the method of discounting free cash flow for the owners and creditors as of the methods for the valuation. The practical part is, after a brief presentation given to strategic analysis, financial analysis and the establishment of a financial plan. The financial plan was drawn up for the period 2007-2010. Essential pillar for the valuation is the determination of discount rates. That is taken in detail in the next step, and we set it using a weighted average cost of capital. The cost of equity, we have identified using the CAPM. Followed by the actual valuation and the final statement of the value of the company Hilti, Ltd.
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Ocenenie podniku / Ocenenie podnikuOravčík, Vladimír January 2011 (has links)
The aim of this Master's Thesis was to find enterprise value dated 31. 12. 2012. To set the enterprise value I used method of discounted economic value added EVA. Evaluation was made in software named Evalent. It is supporting tool for valuation of companies. Part of analysis was SWOT analysis and strategy analysis. To find the value of company I made financial plan of company based on data disposable for evaluation. I compared company with its main competitors and result of the comparison is that company is above average in each evaluated field. Value of company was set to 997.959.000 CZK.
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Ocenění výrobního podniku z oblasti automobilového průmysluVlček, Ondřej January 2007 (has links)
Práce je zaměřena na stanovení hodnoty vlastního kapitálu společnosti s ručením omezeným, která působí v oblasti výroby kovových lisovaných dílů pro automobilový průmysl. Jako základní metoda ocenění je použita metoda diskontovaného volného peněžního toku pro vlastníky (FCFE).
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Firm Valuation : Which model gives me the most accurate share price, the Dividend Discount Model or the Free Cash Flow to Equity model?Claesson, Gustav January 2011 (has links)
Purpose: The purpose of this thesis is to investigate the applicability of the Free Cash Flow to Equity Model and the Dividend Discount Model on ten large cap firms on the Stockholm Stock Exchange. Moreover the author intends to examine whether these valuation methods differs in regards of the companies’ operational segment, business cycle and turnover. The target prices will hereafter be benchmarked with actual closing prices and professional analysts to observe similarities and deviations. Method: The focus lies on Swedish companies listed on Nasdaq OMX Stockholm’s Large Cap list. The companies are valued by collecting financial information from 2006- 2010 in order to find out what the share price in the beginning of 2011 should be. The models that are used to value the share are the Dividend Discount Model, which basically discounts actual dividends in order to find the present value of the share, and the Free Cash Flow to Equity model, which is discounting the firms’ cash flow available to its stockholders, i.e. the potential dividends. Since both of the valuation models require assumptions on future growth to be made, a combination of calculations and goals presented by the companies has been made in order to assume growth rates. Findings: The findings reveal that out of the twenty valuations that were made half of the most accurate ones came from the Dividend Discount Model, and half came from the Free Cash Flow to Equity model. It was however the Dividend Discount Model that provided the most accurate share prices, in comparison to the actual share prices from January 2011. It is also concluded that the turnover of the firm being evaluated does not have an impact on the valuation process, whilst the industry in which the firm operates as well as its payout ratio are factors that need to be taken into consideration when choosing between the Dividend Discount Model and the Free Cash Flow to Equity model.
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Ocenění společnosti Iveco Czech Republic a.s. / Valuation of Iveco Czech Republic, a.s. companyLenz, Jan January 2009 (has links)
The thesis estimates the intrinsic value of share of the company Iveco Czech Republic, a.s. from the position of potential investor. The valuation is done through the DCF FCFE model. Prior to the financial plan and the valuation itself, the theses provides financial and strategic analysis of the company.
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Ocenění podniku Edenred CZ s.r.o. / The Valuation of Edenred CZ s.r.o.Hýža, Petr January 2014 (has links)
The aim of this diploma thesis is to estimate the market value of the company Edenred CZ s.r.o.. The thesis consists of two parts, theoretical and practical. In theoretical part is described applied methodology for valuation of company. Practical part contains analysis of market potential and company's business potential, financial analysis and analysis of value drivers. Subsequently, there is prepared financial plan as the company is evaluated in long-term perspective. As main valuation method is used DCF Equity and as complementary method Capitalized Net income.
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Odhad hodnoty solární elektrárny / Valuation of the Solar Power PlantOberhofer, Lukáš January 2014 (has links)
The topic of this Master's Thesis is Valuation of the Solar Power Plant. The subject of the valuation is the equity of STAMP Energy, Ltd., the owner and operator of the power plant, and the loan provided by the company owners to the company. The primary valuation method used was DCF model, specifically its FCFE variation. As an addition to this method there were two other complementary approaches used: Asset-based approach and Market approach. The pivotal part of the Thesis represents the financial plan, built on the strategic and financial analyses and the review of the company's future potential. On 31st December 2014 the company's equity was valued at 75.000.000 CZK and the owners' loan at 30.000.000 CZK.
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Vliv informací a času na hodnotu podniku / The Impact of Information and Time on Company ValueHart, Dominik January 2011 (has links)
The aim of this thesis is to discuss the issues of real-world company valuation. For this purposes a valuation of Shell Czech Republic a.s. in period from 1/1/2010 to 1/5/2012 is provided to inform a potential exogenous investor, who has no access to insider information. The valuation is based on yield methods built on present value of future cash-flows. These methods are FCFF (Free Cash-Flow to the Firm), FCFE (Free Cash-Flow to the Equity), DDM (Dividend Discount Model) or a method of flows connected to EVA (Economic Value Added). Analysis shows the future growth potential and discount rates have the main influence on the company value.
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Ocenění farmaceutického podniku Ferring-Léčiva, a.s. / The Valuation of the pharmaceutical company Ferring-Léčiva, a.sKarbanová, Iveta January 2011 (has links)
The thesis deals with the valuation of the Ferring-Léčiva, a.s.. The estimated value of the company refers to April 1, 2012. Financial analysis of the company, analysis of the macroeconomic environment and industry analysis are applied in the process of valuation. The methods which are applied for the company valuation are free cash flow to the firm and free cash flow to the equity. Both methods are applied with two-stage model. After delivery of the statement of the enterprise value the attention is focused on the comparison with the method based on the accounting property of the company which is based on difference of the total assets and liabilities of the firm.
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