Benchmarking nákladů na vlastní kapitál vybraných společností

Abstract

This diploma thesis deals with the benchmarking of the cost of equity of the selected companies that have shares issued and traded on the Prague Stock Exchange. The cost of equity are determined here using the CAPM method, which includes the risk premium, return on long-term government bonds, and the beta coefficient of the rated company. The risk premium is based on the difference between the rate of return of the market as a whole and government bonds. The total risk premium takes into account the country risk based on the rating of the Czech Republic. Determined values of the cost of equity are at the end of that work downwardly sorted and compared.