Ocenění podniku v odvětví energetického průmyslu

Abstract

The aim of the thesis is to estimate company equity value in the energy sector. The aim of the thesis is to valuate equity of Severomoravská plynárenská, a. s. to 1. 1. 2009 by applying selected yield methods. Selected methods are: DCF-Equity and capitalized profits methods. First part of thesis deals with accessing and methodology of company valuation and there are valuation methods here described. Contents of the second part is the application of strategic and financial analysis. End of this chapter is focused on financial plan proposal. Third part is focused on application of selected evaluation methods. To evaluate equity of the company, DCF-Equity method and capitalized profits methods were selected. Costs of equity are determined by two ways, e.g. by INFA method and capital asset pricing model. The conclusion of this chapter is a summary of the results.