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master's thesis
PROCJENA VRIJEDNOSTI PODUZEĆA METODOM DISKONTIRANIH NOVČANIH TOKOVA NA PRIMJERU DRUŠTVA AD PLASTIK D.D.
Zagreb: University of Zagreb, Faculty of Economics and Business, 2021. urn:nbn:hr:148:737872
Ćurković, Ivan
University of Zagreb
Faculty of Economics and Business
Department of Managerial Economics

Institutional repository: REPEFZG

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Ćurković, I. (2021). PROCJENA VRIJEDNOSTI PODUZEĆA METODOM DISKONTIRANIH NOVČANIH TOKOVA NA PRIMJERU DRUŠTVA AD PLASTIK D.D. (Master's thesis). Zagreb: University of Zagreb, Faculty of Economics and Business. Retrieved from https://urn.nsk.hr/urn:nbn:hr:148:737872

Ćurković, Ivan. "PROCJENA VRIJEDNOSTI PODUZEĆA METODOM DISKONTIRANIH NOVČANIH TOKOVA NA PRIMJERU DRUŠTVA AD PLASTIK D.D.." Master's thesis, University of Zagreb, Faculty of Economics and Business, 2021. https://urn.nsk.hr/urn:nbn:hr:148:737872

Ćurković, Ivan. "PROCJENA VRIJEDNOSTI PODUZEĆA METODOM DISKONTIRANIH NOVČANIH TOKOVA NA PRIMJERU DRUŠTVA AD PLASTIK D.D.." Master's thesis, University of Zagreb, Faculty of Economics and Business, 2021. https://urn.nsk.hr/urn:nbn:hr:148:737872

Ćurković, I. (2021). 'PROCJENA VRIJEDNOSTI PODUZEĆA METODOM DISKONTIRANIH NOVČANIH TOKOVA NA PRIMJERU DRUŠTVA AD PLASTIK D.D.', Master's thesis, University of Zagreb, Faculty of Economics and Business, accessed 19 November 2024, https://urn.nsk.hr/urn:nbn:hr:148:737872

Ćurković I. PROCJENA VRIJEDNOSTI PODUZEĆA METODOM DISKONTIRANIH NOVČANIH TOKOVA NA PRIMJERU DRUŠTVA AD PLASTIK D.D. [Master's thesis]. Zagreb: University of Zagreb, Faculty of Economics and Business; 2021 [cited 2024 November 19] Available at: https://urn.nsk.hr/urn:nbn:hr:148:737872

I. Ćurković, "PROCJENA VRIJEDNOSTI PODUZEĆA METODOM DISKONTIRANIH NOVČANIH TOKOVA NA PRIMJERU DRUŠTVA AD PLASTIK D.D.", Master's thesis, University of Zagreb, Faculty of Economics and Business, Zagreb, 2021. Available at: https://urn.nsk.hr/urn:nbn:hr:148:737872

Metadata
TitlePROCJENA VRIJEDNOSTI PODUZEĆA METODOM DISKONTIRANIH NOVČANIH TOKOVA NA PRIMJERU DRUŠTVA AD PLASTIK D.D.
Title (english)VALUATION OF AD PLASTIK USING DISCOUNTED CASH FLOW METHOD
AuthorIvan Ćurković
MentorLidija Dedi (mentor)
MBZ: 265383
Committee memberDenis Dolinar (predsjednik povjerenstva)
Committee memberDavor Zoričić (član povjerenstva)
GranterUniversity of Zagreb
Faculty of Economics and Business
(Department of Managerial Economics)
Zagreb
Defense date and country2021-09-13, Croatia
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract
Procjena vrijednosti zanimljiv je koncept u svijetu financija, obzirom na čestu upotrebu prilikom M&A transakcija, kupoprodaje poduzeća i sudskih vještačenja. Procjena vrijednosti metodom diskontiranih novčanih tokova najčešće je korištena metoda procjene vrijednosti u današnjem svijetu, a karakteristika modela je diskontiranje budućih slobodnih novčanih tokova na sadašnju vrijednost, a prilikom određivanja diskontne stope, model se oslanja na modele teorije tržišta kapitala i takozvanog modela procjenjivanja kapitalne imovine. Za samu provedbu procjene metodom diskontiranih novčanih tokova ključne su pretpostavke na kojima počiva temelj procjene, koji uključuju izradu pro forma financijskih izvještaja, te procjenu prosječnog ponderiranog troška kapitala, koji je korišten kao diskontna stopa prilikom svođenja slobodnih novčanih tokova na sadašnju vrijednost. Provedena je procjena vrijednosti dioničkog društva AD Plastik koje posluje u jednoj izrazito cikličnoj industriji – automobilskoj. Vrijednost Društva procijenjena je na temelju revizorskih izvještaja te su napravljene potrebne korekcije EBITDA-e i radnog kapitala da bi se pokazalo koliko poduzeće može generirati zarada iz operativnog dijela poslovanja.
Abstract (english)
Valuation is an interesting concept in the world of finance, given its frequent use in M&A transactions, corporate sales and court expertise. Discounted cash flow valuation is the most commonly used valuation method in today’s world and the model is characterized by discounting future free cash flow to present value and while determining the discount rate model relies on capital market theory models and so-called capital asset valuation model. The assumptions underlying the valuation, which include the preparation of pro form financial statements, and the estimate of the weighted average cost of capital, which was used as a discount rate when reducing free cash flows to present value, are crucial for the implementation of the discounted cash flow valuation. An assessment of the value of joint stock company AD Plastik, which operates in a highly cyclical industry – the automotive industry – was conducted. Value of the firm was estimated based on audited financial statements and the necessary corrections of EBITDA and working capital are made so it would show how much profits can firm generate from its operating part of business.
Keywords
Keywords (english)
Languagecroatian
URN:NBNurn:nbn:hr:148:737872
Study programmeTitle: Business Economics; specializations in: Finance, Accounting, Marketing, Organization and management, Trade, Tourism, Analysis and Business planning, Business informatics
Course: Analysis and Business planning
Study programme type: university
Study level: graduate
Academic / professional title: diplomirani/a ekonomist/ekonomistica (diplomirani/a ekonomist/ekonomistica)
Type of resourceText
File originBorn digital
Access conditionsOpen access
Terms of useLicence Attribution-NonCommercial-ShareAlike 3.0 Unported (CC BY-NC-SA 3.0) icon
Created on2021-09-14 22:10:43