The goal of this thesis is to value the Hotels business unit of the Zálesí a.s. company by calculating its market value. The final valuation statement is supposed to serve to the management of the company for the purposes of investment management decision making and budgeting and for the evaluation of the buying bids. The thesis is divided into two parts. First one introduces the valuation methods, its pros and cons and criterions used for the selection of the method. The DCF method is introduced more in details. Second part of the thesis starts with the company introduction, continues with the strategic analysis, financial analysis and a financial plan compilation based on the results of the analysis. Costs of capital are determined as a weighted average cost of capital, where CAPM is used for the cost of equity calculation. At the end the valuation itself is performed and the final valuation statement added.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:76689 |
| Date | January 2009 |
| Creators | Vavrys, Jan |
| Contributors | Drozen, František, Vančura, Jiří |
| 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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