The thesis is targeted to a valuation of CEZ Group. The Czech based utility CEZ Group ensures regular production and supply of electricity and other essential products for everyday needs of the population in CEE region. The purpose of presented valuation is to determine whether the shares of these publicly traded company are correctly valued and that there exists any upside or downside potential. The final valuation is primarily determined by using two well-known valuation approaches -- discounted cash flow (based on operating profit analysis) and peer group analysis (based on market analysis). In order to provide a full range of understanding, the thesis consists of eight main parts focused on company profile, strategic analysis, financial analysis, value drivers, financial plan, minorities and final valuation. Further, all these parts are split up into few sections. Conclusion of the thesis includes an investment recommendation.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:18999 |
| Date | January 2009 |
| Creators | Kmínek, Václav |
| Contributors | Mařík, Miloš, Tůma, Pavel |
| Publisher | Vysoká škola ekonomická v Praze |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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