Ocenění společnosti ČEZ a.s. za podmínek rizika

Abstract

The aim of this thesis is to determine the market value of ČEZ a.s. under the risk terms. The thesis is divided into five parts. The first part of the thesis is an introduction. In the second part business valuation methods under the risk terms are described. Company description, strategic analysis, financial analysis and SWOT analysis are performed in the third part. The pyramidal decomposition of ROIC based on logarithmic method with influence of particular ratios on the main synthetic one is assessed also in the third part. The fourth part presents the evaluation of entity of ČEZ a.s. company by two-phase yield evalutaion method DCF-Entity. The diploma thesis is ended by risk analysis by using method of scenario analysis and sensitivity analysis. The fifth part of the thesis is a conclusion.