Stanovení nákladů na vlastní kapitál vybrané společnosti

Abstract

The master thesis deals with estimating the cost of equity of the selected company. The calculation is based on the data of company ČEZ, a.s and on the relevant market data. The master thesis is divided into teoretical and practical part. The teoretical part of thesis presents company operating in the energy industry as a leader on the Czech stockexchange market as well as with a foreign overlap and then is described teoretical ground of capital markets, model DCF and Capital Asset Pricing Model. In practical part of thesis the autor has carried out estimating the cost of the selected company by using capital asset pricing model.