Ocenění vybrané firmy za rizika

Abstract

The objective of the diploma thesis is the evaluation of the company Havlik Opal Ltd. for risk. Evaluation are made, due to selling of company, by the income at the date 1.1. 2013. Because of circumstances, for which this evaluation was made, the two-stage discounted cash flow method based on entity was used. Theoretical part deals with evaluation method of business. Moreover, deals with general concepts, methods for the simulation with random variables, estimating of statistical significance, determination of free cash flow and value of capital. At the end of the theoretical part is presented methodology for the Value at Risk and Expected shortfall. In the practical part of the thesis is characterized evaluation of company Havlik Opal Ltd. and described current economic situation via ratio analysis. Following this, the input parameters are estimated and company is evaluated for risk at the date 1.1. 2013. In the end of practical part are mentioned the basic description of calculated values as well as Value at Risk and Expected shortfall at various levels of reliability.