Ocenění společnosti Emos trading, a.s.

Abstract

The aim of this thesis is the evaluation of company Emos trading a.s. as per January 1st 2010 for owners purposes. The thesis is logically divided into three parts while each part of the thesis follows the previous part. The first part provides the description of general basis for evaluation, the process of assessing the price and the evaluation of the closely related factors, such as financial analysis or proposal of a long-term financial plan. Parts of this chapter are the theoretical foundations of the implemented methods including the determination of free cash flow models and the cost of capital determination models. The second part first introduces the company Emos trading a.s. which is followed analysis based on available data and subsequently long-term financial plan is proposed. Next is processed application of selected evaluation methods. Equity valuation of Emos trading a.s. is performed by the means of yield methods. Concretely is chosen method of discounted cash flow DCF-equity and method of capitalized profits. The third part contains concepts and recommendations.