Ocenění vybraného podniku za rizika

Abstract

The aim of the diploma thesis is to evaluate a company operating in the metallurgical industry. The valuation is made on 1.10. 2019 according to the two-phase DCF method - Entity. The purpose of the award is the internal needs of XY, a.s. The work is divided into five chapters. The first chapter is an introduction and the last chapter is the conclusion of this work. The second chapter contains theoretical information that is used in the processing of the practical part of the thesis. First is defined basic of the company, as well as the value of the company. The procedure for strategic and financial analysis of the company is also described. Then this chapter is focused in to valuation methods, including DCF methods. The final part is focused on the cost of capital. The third chapter is focused on basic information about the company. Furthermore, strategic analysis, which is divided into global and industry analysis. The following is a financial analysis, which is performed for indicators of profitability, activity, indebtedness and liquidity. This chapter also sets out the cost of capital. The conclusion is an evaluation of the financial situation of the company. The penultimate chapter is focused on the valuation of the company. Revenues for the next three years are predicted here. In the thesis there are five different financial plans. Each financial plan is valued using the DCF - Entity method. The last part of this chapter focuses on determining the expected value of the company.