Ocenění vybrané automobilové společnosti za podmínek rizika

Abstract

The main goal of this thesis is to determine the probability of distribution of values and the mean value of selected automotive company under conditions of risk. It will also set the standard deviation values of the company and will be compared to the company's value using market capital structure and the original default capital structure established in the financial plan, while calculating the total cost of capital. The first part of the thesis contains the theoretical foundations in the business valuation, selected procedures for valuation and various methods through which the company is valued. The next part focuses on the application of theory in practice. The practical part is focused on determining the market value at the date of 1.1 2014. The total value of the company's disregarding the market structure capital is 118 351 728 000 CZK and the total value of the company taking into account of the market structure of capital is 121 217 387 000 CZK. In the conclusion there is a sensitivity analysis, which measures the effect of the growth rate of cash flows and the impact of the cost of capital to the total value of the company.