Stanovení hodnoty podniku ARMATURY group, a.s. pomocí vybraných metod

Abstract

Thesis deals with the valuation of the selected company. The aim of this thesis is determination of the value of the company ARMATURY Group, a.s. (1st January 2011) by two-phase method based on discounted cash flow (DCF) and economic value added (EVA). First part of the text describes basic theoretical backgroud and process of determination of the value of the company. At the beginning of third chapter are described main characteristics of the company ARMATURY Group, a.s. After that was performed strategic and financial analysis of the company. After creating 5 - year financial plan for the period of years 2011-2015 was determined value of the company. Value of the company determined by method based on discounted cash flow was 1,302 billion Kč, using method based on economic value added was 1,379 billion Kč. At the end of the chapter was analysed a sensitivity of selected parameters, which led to the determination of the interval in which the stated value of the company should probably move.