The diploma thesis focuses on valuation of the company NOVOKOV, spol. s r.o. The purpose of the valuation is determination of the companys market value. The valuation is performed on the basis of the revenue analysis. The discounted cash flow for owner and creditor is applied, DCF Entity. The diploma thesis begins with the presentation of the company and continuous with the financial analysis, the strategic analysis, determination of the necessary and the unnecessary assets, the prognosis of the value drivers and the financial plan. The final chapter is dedicated to the valuation itself, including determination of the weighted average cost of capital.

My thesis deals with the use of accounting information for the purpose of valuating a company. The first part deals with the basic terms of valuating a company. The second part concerns on all the parts of valuating. In the part called financial analysis deals with principles and assumptions that accounting is based on. There are also same constraints of financial reporting. The third part concerns on adjustment of financial accounting in each kind of valuating method. The forth part contains adjusted financial statements for the purpose of valuating a company.

The diploma thesis is focused on the valuation of the company GSI distribution s. r. o. This company is the only authorized dealer of the personal transporters Segway in Czech Republic and it is the operator of one of the oldest rental agency of this transporters in Prague. The aim of the valuation is to estimate the market value of the company while using the methods of DCF entity. The main parts of the thesis are strategic and financial analysis, the estimated financial plan and at the end of this thesis is an estimated market value of the Company.

The aim of following diploma's thesis is realization a financial analysis for the purpose to evaluate a company BERNARD Family brewery a.s. to 1/01/2015. The BERNARD Family brewery a.s. is a business with a short history, which deals with production of beer. The Diploma's thesis is divided into methodical and practical parts. The methodical part of the work will describe basic assumptions for the valuation, the basic way to evaluate and introduce used methods for analyzing environs of company and the company all itself. In the following introduction part I emphasize more detailed description of methods and models, which I'll later applied in the practical part of the work. The market value of a company is determined by comparing the yield methods DCF and property methods accounting value.

The thesis deals with the influence over price of one-family houses according to location in and beyond the flood zone. Simulated localities are situated in Krnov and Bruntál. The thesis analyzes the specifics of the localities and researches the possible impacts of property´s location and price.

The thesis serves as a comparison of valuation processes, which are being used in the CZ and the US. It brings information about appraisal practice in the CZ and the US. It describes individual valuation approaches and definitions of important variables according to the available literature. Moreover, the thesis focuses deeper on market approach valuation. It shows differences in individual processes and approaches on the application of processes on selected example and then uses obtained differences to determine recommended changes. In shows different structures of appraisal reports in the conclusion too.

This master’s thesis focuses on the price development of apartments in the central part of the city Opava. The introductory part defines the methodology of the apartment appraisal and the basic terms used in this topic. Further on, the database used in this thesis to achieve stated objectives is specified and evaluated. The Data are based on a documented purchase price of apartments, existing market value appraisal and ascertained assessed value. The development of purchase prices, market value and assessed value are being researched in the city of Opava. Furthermore, the development of the above-mentioned prices and values is researched in particular cadastral areas in the central part of Opava. The impact of aspects relating to apartment, building and locality are being evaluated. In conclusion, results of the local research are compared with the Czech Republic and selected countries of the European Union.

The aim of this proposal is socialogical analysis, interpretation, construction and urbanistic recommendation related to an impact of social changes in specific neighborhood on life standarts and real estates‘ costs in the area. Social changes could be negative, such as social degradation of certain area, worsening of quality of the environment, worsening relationships and also social deviation (for example criminality). Positive changes represents mostly gentrification, which includes positive changes of social and tangible environment. These are followed by price encrease of life standarts which is displacing old settlers. In our experience these areas of life standarts and real estates prices are linked and it is possible to use synergistic influence of changes to adjust tangible and social environment.

Coronapandemin har en stor påverkan på många delar i samhället och inte minst på förvaltningsfastigheter. Marknaden för förvaltningsfastigheter drabbades av en nedgång i början av 2020 där värdet på fastigheterna nu kan ifrågasättas om det är rättvisande. Enligt tidigare forskning har marknaden länge varit osäker då värderarna gör antaganden om framtiden samt att värderingen grundas i verkligt värde. Uppkomsten av coronapandemin medförde färre transaktioner av fastigheter vilket har resulterat i en tunn marknad som i sin tur försvårar värderingen som baseras på jämförelser. Under 2020 såg marknaden för förvaltningsfastigheter både en nedgång och en uppgång på kort tid.  Syftet med studien var att undersöka om värdet och värderingen av förvaltningsfastigheter påverkats till följd av coronapandemin. För att syftet ska uppfyllas har värderingsprocesserna hos olika fastighetsföretag ifrågasatts, antaganden om framtiden har granskats och om värdena som fastställts speglar marknaden på ett korrekt sätt.  Kvalitativa intervjuer och dokumentstudier har genomförts av svenska noterade fastighetsföretag. Intervjuerna och dokumentstudien utfördes för att få företagens egna perspektiv och uppfattningar om värderingen under coronapandemin, men också för att se vad företagen själva väljer att framföra i sina årsredovisningar. Resultatet av studien visar att coronapandemin hade en negativ påverkan på värdena under början av 2020. Den vanligaste värderingsmetoden, kassaflödesmetoden, anses även vara rättvisande då olika antaganden om marknaden tas i beaktning. Resultatet visar också att den största osäkerheten ligger inom de olika segmenten av förvaltningsfastigheter. Framtida värderingar kommer fortfarande att bygga på antaganden som är kopplade till osäkerhet där effekterna av coronapandemin inte än kan ses vilket försvårar bedömningarna i värderingen. / The corona pandemic has a major impact on many parts of society, not least investment properties. This market was hit by a downturn at the beginning of 2020 that valuation of properties can be questioned as fair. According to previous research, the property market has long been uncertain as valuers make assumptions about the future and valuations are based on a fair value. The emergence of the corona pandemic led to less real estate transactions resulting in a thin market, which in turn makes evaluations based on comparisons difficult. In 2020, the market for investment properties saw both a downturn and upturn in a short time span.  The purpose of the study was to investigate whether the value and valuations of investment properties was affected by the corona pandemic. To meet this aim, the valuation process of various real estate companies has been questioned and assumptions about the future have been examined in order to establish if valuations correctly reflect the market.  Qualitative interviews and document studies have been conducted of Swedish listed real estate companies. The interviews and document studies were conducted so as to get the companies’ own perspectives and perceptions of the valuation during the corona pandemic, but also to observe what the companies themselves choose to present in their annual reports. The results of the study show that the corona pandemic had a negative impact on values during the first part of 2020. The most common valuation method, the cash flow method, is also considered correct as different assumptions about the market are taken into account. The result also shows, however, that the greatest uncertainty lies in the various segments of investment properties. Future valuations will still be based on assumptions linked to uncertainty, where the effects of the corona pandemic cannot yet be seen, which complicates valuation assessments.

This Master‘s thesis is focused on the assessment of the market value of VODÁRENSKÁ AKCIOVÁ SPOLEČNOST, a. s. Based on the analysis of the company‘s surroundings and a financial analysis, a financial plan and the company‘s evaluation, using the method of discounted cash flow, are proposed.