Santrauka:
Teorinėje darbo dalyje aptariama įmonės vertės samprata, palyginami metodai, padedantys nustatyti įmonės tikrąją vertę. Praktinėje dalyje pateikta įmonės finansinė analizė laisvųjų pinigų srautų prognozavimas, diskonto normos nustatymas bei įmonės vertės apskaičiavimas.
Description:
It is important for every company to know its value - financial value. The value of the company, how much its owner would get the money from selling it. As is known, market prices are dictated by the company, but not always the dictated market price reflects the true value of the company. In order to get the most profit from selling or losing a lot of money when buying a business, it is important to determine its true value. It is important to know the true value of the company and to invest in the company, or to make management decisions, is one of the most important criteria. Also, if you want to buy a company or merge with another company. Undiscovered company shares do not tell the true value of the company. In addition, it should be emphasized that the majority of Lithuanian companies are not traded on the stock exchange. The aim of thesis: to determine the fair value of PLLC “Ūkis” Methods of the thesis: analysis of scientific literature, analysis of financial statements, application of discounted cash flow method. Methods of systematization and generalization of literature. The Structure of the work: The theoretical part of the thesis discusses the value of the company, compares the methods that help to determine the true value of the company. In the practical part, the company's financial analysis is provided by forecasting the free cash flows, setting the discount rate and calculating the value of the company. The results of the work: The evaluation of the company is a process whereby the most appropriate method of valuation of the company is sought and its value is determined by the company. The true value of a company is the value of its assets and activities. This value is determined by the discounted cash flow method, which depends on the company's expected cash flows and the cost of the company's capital. Using the discounted cash flow approach, the estimated cash flows for the years 2018-2020, the vertical and horizontal analysis of the five-year balance sheet and the profit and loss account were made. The discount rate was 8.3%. The real value of PLLC Ūkis is 95,696 Eur. mln. After deducting the debts of the company, we received a net value of EUR 31,990 million. Euro. This shows the true value of a company that is not publicly traded.