Zobrazit minimální záznam

dc.contributor.authorDrábek, Michal
dc.contributor.authorSyrovátka, Pavel
dc.date.accessioned2022-12-07T01:02:37Z
dc.date.available2022-12-07T01:02:37Z
dc.date.issued2022
dc.identifier.issn1211-8516 Sherpa/RoMEO, JCR
dc.identifier.urihttps://repozitar.mendelu.cz/xmlui/handle/20.500.12698/1631
dc.description.abstractThis article focuses on the differentiated estimations of industry multipliers in relation to Price-Book Value ratio (P/BV) with applying for the Czech brewing industry. Differentiation of estimates brings better approximation of these sector-wide multipliers to the defined groups companies within the given markets and thus increases the accuracy of the method of relative business valuation. Due to the absence of market data on privately held companies, the market value was assessed using the DCF method, while the book value was taken from the enterprise's accounts. The assumption of the linearity of the market-book value relationship for the subsequent calculations and differentiation of P/BV estimations was verified using regression analysis. The differentiation of P/BV ratio was made according to the size of entities, but mainly based on equality of market and book value, respectively according to the equality P/BV = 1. Then our results were supplemented by the calculation of industry P/BV ratio using P/EAT ratio and ROE decomposition. Using this additional method, the brewing industry was compared with other relevant industries in the Czech Republic.en
dc.format131-145
dc.publisherMendelova univerzita v Brně
dc.relation.ispartofActa Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
dc.relation.urihttps://doi.org/10.11118/actaun.2022.011
dc.rightsCC BY-NC-ND 4.0
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectbusiness valuationen
dc.subjectCzech brewing industryen
dc.subjectDCF methoden
dc.subjectindustry multiplieren
dc.subjectmarket valueen
dc.subjectprice-to-booken
dc.subjectprice-to-earningsen
dc.titleDifferentiated Estimates of Valuation Multipliers based on Price-to-Book Ratio for the Czech Brewing Industryen
dc.typeJ_ČLÁNEK
dc.date.updated2022-12-07T01:02:36Z
dc.description.versionOA
local.identifier.doi10.11118/actaun.2022.011
local.identifier.scopus2-s2.0-85134023059
local.number3
local.volume70
local.identifier.obd43923168
local.identifier.e-issn2464-8310
dc.project.IDPEF_DP_2021016
dc.project.IDHodnota podniků v odvětví pivovarnictví v České republice
dc.identifier.orcidSyrovátka, Pavel 0000-0002-3915-4328
local.contributor.affiliationPEF


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Zobrazit minimální záznam

CC BY-NC-ND 4.0
Kromě případů, kde je uvedeno jinak, licence tohoto záznamu je CC BY-NC-ND 4.0