Stanovení hodnoty podniku v odvětví strojírenství

Abstract

The aim of the master thesis is to estimate value of the BONATRANS GROUP, a. s. as at 1st January 2010 using two income-based valuation methods – DCF and EVA based entity a equity and analysis of sensitivity to some factors influencing the value of a company. The thesis is divided into six chapters. The first chapter covers the introduction. The last chapter includes the conclusion. The second chapter describes theoretical principles, fundamental approaches and business valuation methods. The third chapter includes strategic and financial analyses of selected company followed by the SWOT analysis. In this chapter creation of financial plan is also included. Valuation of a business using the DCF method and the EVA method is part of the fourth chapter. Moreover, analysis of sensitivity to some factors influencing the value of a company is presented in this chapter. The fifth chapter focuses on the evaluation results. Both, market value of the equity and market value of the entity are presented here. The results of sensitivity analysis have shown that Weighted Average Cost of Capital has the biggest impact on the value of the company.