Zhodnocení finanční výkonnosti vybraného podniku

Abstract

The aim of the thesis is to evaluate the financial performance of MSA, a.s. for the period 2005 to 2010. The work is divided into theoretical and practical part. The theoretical part describes the methodology for evaluating financial performance, which includes the characteristics of financial analysis, the procedure for establishing a pyramid decomposition financial indicators. Further are described the summary models of evaluation financial performance and theoretical basis for determining cost of capital and economic value added. The practical part begins by introducing MSA, a.s. Further is financial analysis performed, i.e. horizontal and vertical analysis of assets, liabilities, profit and loss statement and ratio analysis. The main part is evaluating the financial performance of the company. At first are applied summary models of evaluating financial performance. Subsequently is determined economic value added and costs of capital. Further is performed pyramidal decomposition of indicators of economic value added and return on equity. At the end of the chapter is the MSA, a.s. compared with the industry in which it operates and the financial performance of the company is assessed.