Valuace vybrané společnosti v rámci due diligence při M&A transakci na tuzemském trhu

The main objective of the master's thesis is to determine the value of a selected company as part of due diligence in an M&A transaction on the domestic market. The first sub-objective is a summary of the theoretical background of financial analysis and company valuation. The second sub-objective is to conduct a financial analysis of the selected company and to compile a financial plan as a basis for the valuation itself. The master's thesis is divided into two parts, theoretical and practical. The first part of the master's thesis presents the theoretical background of financial analysis and methods of company valuation, with emphasis on the discounted cash flow method, and is developed with the help of professional literature. The practical part introduces the selected company, analyses its financial situation using horizontal, vertical and ratio analysis, including bankruptcy and creditworthiness models, followed by the compilation of a financial plan and the determination of the company's value using the discounted cash flow method. The conclusions of the valuation are verified by a sensitivity analysis of the growth rate (g) and the discount rate (re), as well as by a sensitivity analysis of the company's value to the level of CAPEX, and are further compared with the value implied by market multiples. The practical part is compiled with the help of the company's financial statements and publicly available market data. The result is the determination of the value of the selected company, which is 1 327 038 ths. CZK, which serves as a qualified basis for negotiations and strategic decision-making within the M&A transaction.