Ocenění společnosti metodou DCF za rizika

Abstract

The goal of this thesis is the valuation of the company ŠKODA AUTO Inc. under risk. The theoretical section describes the basic concepts and methods of business valuation. The following section is devoted to the brief description of the company, its history and its product portfolio ŠKODA. In the practical part, there is estimated random parameter first, which is then simulated for 1000 various scenarios by Brownian arithmetic process. All the necessary parts for the determination of free cash flow are computed and then they are discounted by a weighted average cost of capital. At the end there is determined value of the assets of ŠKODA AUTO Inc. by two-stage discounted cash flow method.