Ocenění vybrané společnosti za rizika včetně citlivostní analýzy

Abstract

The aim of this diploma thesis is an evaluation of equity of the selected company under risk on 1.1. 2014. Evaluation is made with chosen equity version of two-stage discounted cash flow method. The theoretical part deals with an evaluation method of business, especially with general concepts, valuation methods, determination of free cash flow, the cost of capital and methods for the simulation of random variables. In the application part of the thesis the evaluation of company is being characterized and its current economic situation is described using the ratio analysis. Following this, the input parameters are estimated and company is evaluated under risk on 1.1.2014. For better results interpretation the basic descriptive characteristics are calculated including selected percentiles. In the end of the application part there is a sensitivity analysis performed which examines how the resulting probability distribution of the company equity’s values will differ if it is predicting sales by using another model.