Procjena vrijednosti poduzeća Marjan Voće d.o.o. metodom diskontiranih novčanih tokova

master's thesis

• Title (english): Valuation of the company Marjan Voće d.o.o. using discounted cash flow method
• Author: Marko Zeba
• Mentor: Ena Pecina (mentor)
• Committee member: Ena Pecina (predsjednik povjerenstva)
• Committee member: Zrinka Orlović (član povjerenstva)
• Committee member: Andrija Sabol (član povjerenstva)
• Granter: University of Zagreb; Faculty of Economics and Business; Zagreb
• Defense date and country: 2024-09-19, Croatia
• Scientific / art field, discipline and subdiscipline: SOCIAL SCIENCES; Economics

Abstract

Procjena vrijednosti metodom diskontiranih novčanih tokova najčešće je korištena metoda procjene vrijednosti poduzeća, a temelji se na pretpostavci da je vrijednost poduzeća jednaka sumi sadašnje vrijednosti njegovih budućih novčanih tokova diskontiranih po odgovarajućoj diskontnoj stopi, uzimajući u obzir vremensku vrijednost novca. U ovom radu provedena je procjena vrijednosti trgovačkog društva Marjan Voće d.o.o. koje posluje u prehrambeno prerađivačkoj industriji. Podloga procjeni su revizorski izvještaji i javno dostupni podaci financijskih i nefinancijskih institucija. Na temelju istih izračunat je trošak kapitala, te je izrađen je pro-forma račun dobiti i gubitka, uz projekciju radnog kapitala i kapitalnih ulaganja, kako bi se dobili slobodni novčani tokovi, pomoću kojih je utvrđena vrijednost vlasničke glavnice.

Abstract (english)

Valuation using the discounted cash flow method is the most commonly used valuation method, and is based on the assumption that the value of the company is equal to the sum of the present value of its future cash flows discounted at the appropriate discount rate, taking into account the time value of money. In this paper, an assessment of the value of the company Marjan Voće, which operates in the food processing industry, was carried out. The assessment is based on audit reports and publicly available data from financial and non-financial institutions. On the basis of these, the cost of capital was calculated, and a pro-forma profit and loss account was prepared, along with the projection of working capital and capital investments, in order to calculate free cash flows, with which the equity value was determined.

• Keywords: Procjena vrijednosti; revizorski izvještaji; pro-forma izvještaji; prosječni ponderirani trošak kapitala; slobodni novčani tokovi; vlasnička glavnica
• Keywords (english): Valuation; audit reports; pro-forma reports; weighted average cost of capital; free cash flows; equity
• Language: croatian
• URN:NBN: urn:nbn:hr:148:985396
• Study programme: Title: Business economics; Study programme type: university; Study level: integrated undergraduate and graduate; Academic / professional title: sveučilišni magistar ekonomije/sveučilišna magistra ekonomije (sveučilišni magistar ekonomije/sveučilišna magistra ekonomije)
• Type of resource: Text
• File origin: Born digital
• Access conditions: Open access
• Created on: 2024-09-24 21:52:58