Ocenění vybraného průmyslového podniku za rizika

Abstract

The content of this master thesis is the valuation of the selected industrial enterprise under conditions of risk using discounted cash flow method. The theoretical part describes the theoretical basis of business valuation and simulation of random variables, which are applied in the application part of the thesis. The practical part provides characterization of the selected industrial enterprise; moreover, financial and strategic analyses are developed. The next chapter of the practical part presents simulated sales in two variants, these differently determine the input parameters used in the simulation, using Monte Carlo simulation and geometric Brownian motion. A free cash flow plan is prepared, and the cost of equity is determined. Subsequently, the valuation of company equity is made using the method of discounted cash flows to the date 1. 1. 2020. The end of the thesis shows the evaluation of the obtained results and sensitivity analysis for change of the selected input parameters is performed.