Aplikace reálně opčního business modelu při ocenění strojírenské společnosti

Abstract

This thesis is focused on the application of methodology of real options in the engineering industry. The target of this thesis is to determine the equity value engineering company Třídič s.r.o. 1. 1. 2015 according to a flexible business model for asset turnover and subsequent assessment of active management interventions in terms of constant and changing volatility in time. To achieve a defined objective thesis is divided into five chapters, including the introduction and conclusion. In the second chapter describes the methodology of real options, which is used to determining the value of the company's equity according to the business model. The third chapter is characterized by a valuation engineering company. There is also assessing the financial condition using the main financial indicators. The fourth chapter is a practical part of the thesis. In the context of this chapter is to set the value of the company's equity business model, according to the turnover of assets from the perspective of two variants and that constant and changing volatility. The value of equity is assessed according to the passive and active strategies. On the value of equity is viewed as an American call option. Furthermore, in this chapter, determined the value of active intervention management company.