Ocenění podniku BEL Sýry Česko a.s

The diploma thesis follows the procedures for valuation of a company using the DCF Equity method. The company selected for valuation is BEL Sýry Česko a.s. The thesis is divided into logically interrelated parts, from the initial introduction to the company to the resulting value estimate supported by a market comparison. At the beginning of the valuation, I familiarized myself with the market in which the selected company operates in order to better understand the subsequent examination of the company's financial situation. The strategic analysis resulted in a forecast of the company's future market development and market share. The purpose of the financial analysis was to determine the financial health of the company and prepare data for the financial plan. The financial plan consisted mainly of value generators that forecasted the company's development in different areas. The valuation itself was derived from free cash flows to owners discounted to present value. I augmented the earnings valuation with optimistic and pessimistic variants according to market developments, which formed an interval of possible values. To increase the credibility of the result, I performed a market comparison valuation, which largely covered the interval of the income valuation. These values represent the objective of my thesis, which I developed based on the literature and external data sources.