Zhodnocení finanční výkonnosti podniku z automobilového průmyslu pomocí statických a dynamických metod

Abstract

This master's thesis focuses on the evaluation of financial performance of a company in the automotive industry, utilizing both static and dynamic methods for this purpose. The methodological section provides a detailed explanation of the concepts of financial performance, financial analysis, and other analyses that were carried out. The most important processes are included in the pyramid decomposition of the economic value-added indicator based on the functional and integral methods. This topic is further extended by a dynamic analysis of deviations, the results of which form the basis for risk analysis. Selected analyses are compared to the automotive industry. The selected company achieved above-average results in liquidity and comparable results in stability and indebtedness. However, below-average values were recorded in terms of profitability and activity. The company does not show signs of bankruptcy, but its financial situation has deteriorated since 2019. Over four consecutive periods, no value was created for owners due to negative return on equity values and high costs of equity. The dynamic analysis of deviations revealed that the costs of equity and operating profitability have the greatest positive impact on the economic value-added indicator. In comparison to the industry, the most positive values were identified in operating profitability. According to the result of the risk analysis, economic value added is most sensitive to changes in costs of equity, operating profitability, equity, and interest reduction. To improve the company's performance, it would be appropriate to acquire advantageously interest-bearing foreign capital while simultaneously addressing innovations in technology and design, strengthening the company's market position, and supporting foreign trade and exports.