Stanovení hodnoty podniku GRANETTE & STAROREŽNÁ DESTILLERIES, a.s

The goal of this Thesis is to perform a valuation of company GRANETTE & STAROREŽNÁ Distilleries, a.s., the second largest distillery in the country. It begins with a summary of valuation theory in its initial part and an introduction of the company itself. Detailed financial analysis follows, with an assessment of current state and past development of the company. Along with a strategic analysis, it gives a basis for determining the value generators and a preparation of financial plan. Based on that plan, the valuation of the company itself takes place, using earnings based approach such as DCF FCFF, FCFE and EVA variant. All this having regard to the lingering methanol poisoning affair and consequent prohibition, which, at least temporarily, changed the Czech spirits market.