{"id":5989,"date":"2023-08-14T17:48:29","date_gmt":"2023-08-14T15:48:29","guid":{"rendered":"https:\/\/www.forexsrovnavac.cz\/mag\/?p=5989"},"modified":"2023-08-16T13:14:34","modified_gmt":"2023-08-16T11:14:34","slug":"enterprise-value-u-akcie-hodnota-spolecnosti","status":"publish","type":"post","link":"https:\/\/www.forexsrovnavac.cz\/mag\/enterprise-value-u-akcie-hodnota-spolecnosti\/","title":{"rendered":"Enterprise value u akcie: Hodnota spole\u010dnosti"},"content":{"rendered":"

Enterprise value (EV) reprezentuje celkovou hodnotu firmy. Do t\u00e9to hodnoty se zahrnuje jak sou\u010dasn\u00e1 tr\u017en\u00ed hodnota akci\u00ed (tr\u017en\u00ed kapitalizace)<\/strong>, tak tak\u00e9 n\u00e1klady spojen\u00e9 se splacen\u00edm dluhu (\u010dist\u00fd dluh, co\u017e je rozd\u00edl mezi dluhem a dostupnou hotovost\u00ed<\/strong>). Kombinac\u00ed t\u011bchto dvou faktor\u016f je pak stanovena v\u00fdsledn\u00e1 hodnota Enterprise value. Tato hodnota ud\u00e1v\u00e1, jakou hodnotu m\u00e1 firma na trhu a v jak\u00e9m cenov\u00e9m rozp\u011bt\u00ed se pohybuje, pokud by n\u011bkdo cht\u011bl firmu koupit. M\u016f\u017ee slou\u017eit jako z\u00e1klad pro v\u00fdpo\u010det toho, kolik by bylo mo\u017en\u00e9 z\u00edskat p\u0159i prodeji vlastn\u00edho podniku, bez dal\u0161\u00edch prom\u011bnn\u00fdch.<\/p>\n

V\u00fdpo\u010det Enterprise value<\/h2>\n

V\u00fdpo\u010det hodnoty podniku zahrnuje ode\u010dten\u00ed hotovosti nebo likvidn\u00edch aktiv spole\u010dnosti (krom\u011b akci\u00ed nebo jin\u00fdch cenn\u00fdch pap\u00edr\u016f) od sou\u010dtu jej\u00ed tr\u017en\u00ed kapitalizace a celkov\u00e9ho dluhu.<\/p>\n

Enterprise Value =<\/strong> Tr\u017en\u00ed kapitalizace + Dluh – Hotovost<\/p>\n

Tr\u017en\u00ed kapitalizace je aktu\u00e1ln\u00ed cena akci\u00ed x celkov\u00fd po\u010det akci\u00ed na trhu. Dluh zahrnuje jak kr\u00e1tkodob\u00e9, tak dlouhodob\u00e9 finan\u010dn\u00ed z\u00e1vazky v\u010detn\u011b p\u016fj\u010dek. Hotovost zahrnuje ve\u0161ker\u00e9 disponibiln\u00ed finan\u010dn\u00ed prost\u0159edky spole\u010dnosti.<\/p>\n

P\u0159\u00edklad:
\n<\/strong>
\nAkcie Facebook<\/a>: Na z\u00e1klad\u011b ceny akci\u00ed \u010dinila tr\u017en\u00ed kapitalizace Facebooku 750 miliard USD. Spole\u010dnost uvedla celkov\u00fd dluh ve v\u00fd\u0161i 10 miliard USD a hotovost ve v\u00fd\u0161i 40 miliard USD. Enterprise value Facebooku lze vypo\u010d\u00edtat n\u00e1sledovn\u011b:<\/p>\n

EV = $750m + $10m – $40m = $710 miliard USD<\/p>\n

U jak\u00fdch spole\u010dnost\u00ed Enterprise value nepou\u017e\u00edv\u00e1me<\/h3>\n

P\u0159i srovn\u00e1v\u00e1n\u00ed r\u016fstov\u00fdch spole\u010dnost\u00ed, kter\u00e9 se nach\u00e1zej\u00ed v obdob\u00ed expanze, bude m\u00edt hodnota EV omezen\u00fd v\u00fdznam, jeliko\u017e za\u010d\u00ednaj\u00edc\u00ed firmy firmy maj\u00ed tendenci r\u016fst rychleji a zpravidla maj\u00ed ni\u017e\u0161\u00ed dluh. Metoda EV tak\u00e9 \u010del\u00ed probl\u00e9mu porovn\u00e1v\u00e1n\u00ed spole\u010dnost\u00ed p\u016fsob\u00edc\u00edch v r\u016fzn\u00fdch odv\u011btv\u00edch. Nap\u0159\u00edklad softwarov\u00e1 firma se obvykle nepot\u0159ebuje v\u00fdrazn\u011b zadlu\u017eovat. Naopak energetick\u00e9 spole\u010dnosti \u010dasto \u010del\u00ed vysok\u00fdm n\u00e1klad\u016fm a vysok\u00e9mu dluhu.<\/p>\n","protected":false},"excerpt":{"rendered":"

Enterprise value (EV) reprezentuje celkovou hodnotu firmy. Do t\u00e9to hodnoty se zahrnuje jak sou\u010dasn\u00e1 tr\u017en\u00ed hodnota akci\u00ed (tr\u017en\u00ed kapitalizace), tak tak\u00e9 n\u00e1klady spojen\u00e9 se splacen\u00edm dluhu (\u010dist\u00fd dluh, co\u017e je rozd\u00edl mezi dluhem a dostupnou hotovost\u00ed). Kombinac\u00ed t\u011bchto dvou faktor\u016f je pak stanovena v\u00fdsledn\u00e1 hodnota Enterprise value. Tato hodnota ud\u00e1v\u00e1, jakou hodnotu m\u00e1 firma na […]<\/p>\n","protected":false},"author":1,"featured_media":6013,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"Enterprise value je vzorec, kter\u00fd vypo\u010d\u00edt\u00e1 hodnotu akcie a cel\u00e9 firmy. Je to metoda, kter\u00e1 odhal\u00ed potenci\u00e1ln\u00ed n\u00e1klady na akvizici podniku.","_seopress_robots_index":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[275],"tags":[],"class_list":["post-5989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamentalni-ukazatele"],"modified_by":"Krpensk\u00fd Martin","_links":{"self":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/posts\/5989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/comments?post=5989"}],"version-history":[{"count":0,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/posts\/5989\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/media\/6013"}],"wp:attachment":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/media?parent=5989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/categories?post=5989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/tags?post=5989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}