The aim of the diploma thesis is to determine the value in use of the company Stock Plzeň-Božkov s.r.o. to 1.1.2009. The thesis consists of 5 parts -- financial analysis, strategic analysis, generators of value and financial plan. The value of the company is determined by the method DCF entity. There are 3 scenarios of future development (pessimistic, realistic, optimistic).

The thesis is dealing with option pricing. The basic Black-Scholes model is described, along with the reasons that led to the development of stochastic volatility models. SABR model and Heston model are described in detail. These models are then applied to equity options in the times of high volatility. The models and their application are then evaluated.

The main task of this diploma thesis is a business valuation of publishing company Egmont s.r.o. in order to find the market value at the date 31. 12. 2009. The main used technique is the DCF Entity method. As an alternative appraisal way the method of comparable companies is used. Chapters contain the strategic analysis of the company, where the trend of the market and company's power of competition are described, follows with the financial analysis including the description of three main financial statements, calculation of financial ratios and bankruptcy evaluation models. The next chapter contains the value generators and financial statements plans. At the end of thesis the final valuation is made, using the selected parameters and the discount rate. The final appraisal could be utilised by a general public of investors.

In current valuation and economics disciplines, it is a commonly held belief that financial crisis is over and a big threat to world economic system is inflation. While many assumptions of these claims are of certain significance indeed, this thesis proves a non-trivial chance of outright deflation. Author of this work also shows that attempts of governments and central banks aimed at avoiding deflationary scenarios ultimately cause slower growth and elevated variance in economic activity. Due to existence of such causality, a new variable "tau" entering into CAPM model's risk premium was developed as the original model had previously not captured for impacts of monetary and government policies. In order to quantify a probability and strength of deflationary forces in developed world, three distinct approaches were utilized -- quantitative assessment, historical comparisons, and a pure economic theory based reasoning. Value of variable tau was determined by regressing relationship between implied risk premium and changes in monetary policy while testing for different time lags. Results of the work point to a 10-20% chance of deflation in developed world. Extremely loose monetary policy worldwide than warrants augmenting additional 1-2% risk premium to current implied risk premium of US stock market. Although newly defined models would certainly need more work and refining, author believes that the augmented CAPM version does a good job capturing the "irrational exuberance" mentality attached to policies of major central banks around the world. The three year lead of model-based risk premium compared to the implied one is perceived as one more contribution to current valuation process and understanding of risk.

This thesis deals with the estimate of the value of the building company HOCHTIEF CZ a. s. The text is divided into two parts -- theoretical and practical ones. The theoretical part, which is a prefiguration of the practical one, sets as a goal making readers familiar with basic terms, instruments and procedures for setting the value of the company. The practical part follows up with the application of described methods in the company HOCHTIEF CZ. The main goal of the practical part is to determine the value of the company on August 22, 2011 for the purchase of an unknown investor. As used instruments and methods are worth referring to strategic and financial analyses, as well as the methods of financial planning. The appropriate appraisal is done by the revenue method DFCFF and book value method.

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.

The aim of this master thesis is to assess the objectified value of entity of the Ozex company. The valuation is based on the method of discounted cash flow, specified in Free Cash Flow to the Firm. For the valuation, the neccesary basis is financial plan. Financial plan, together with performed strategic and financial analysis are foundation for valuation. The financial statements were used for the determining the value of the company. Some information were gained also via interviews with inner employee. The value of enitity based on income approach is estimated to be 15 639 271,63 Eur.

The final thesis "Business valuation of the company Automotive Lighting s.r.o." is divided into the theoretical and the practical part. The theoretical part is first focused on general issues of valuation. Its following parts then theoretically describe the general method of business valuation. The practical part is dedicated to the application of methods described in the theoretical part. Only the discounted cash flow to equity method (representing income valuation methods) and the EV/EBITDA multiple method (representing market methods) are applied due to the scope of the thesis. The property approach is represented by the equity book value. The thesis concludes with the final value statement.

The aim of the thesis is to describe the problems of accounting valuation and issues, connected with prices, which are used for income tax purposes. First there is the issue of accounting valuation with giving emphasis on valuation which is governed by Czech law, because the tax base from income for certain taxpayers is based on the profit or loss in accordance with Czech law. Because of the fact that the Czech methodology is progressively closer to International Financial Reporting Standards some differences will be mentioned between the Czech methodologies and IFRS. The next section explains in detail the prices which are used in accordance with the law on income taxes. In the practical section, some examples will be given to show the difference between the valuation for accounting purposes and income taxes. In conclusion, the analysis of financial statements of corporations reporting according to IFRS there is performed. The aim of this analysis is to find out which valuation method entities prefer, if International Financial Reporting Standards allow a choice between more types of methods.

The aim of this thesis is to determine the value of Choceňská mlékárna s.r.o. to the date 30th April 2014. The thesis is divided into two main parts -- theoretical and practical. The theoretical part informs the reader about the methodology used when valuating a company and this information is than applied in the practical. First of all there is a strategic analysis (analysis of both macro- and microenvironment) followed by evaluating of health of the company using a financial analysis. Based on these analyses' the company is found healthy and therefore a yield method (FCFF) is used for the valuation. Subsequently a financial plan is made to be used for valuating using the yield method. The valuation of the company is in the end of this thesis establishing both the value of the whole company and the equity.