03248ntm a22005417i 4500 000567951 CZ-PrVSE 20190720083859.0 m d cr n|||||||||| 190720s2019 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 rda Friedel, Jaromír ISIS:114602 dis Ocenění společnosti Telus corporation eng Valuation of Telus corporation / Jaromír Friedel 2019 ?? stran : digital, PDF soubor Vedoucí práce: Luboš Smrčka Diplomová práce (Ing.)—Vysoká škola ekonomická v Praze. Fakulta podnikohospodářská, 2019 Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby 2019 The thesis aims to provide valuation of Telus Corporation (TELUS) for a hypothetical marginal investor as of 1/1/2019. TELUS is a Canadian national telecommunications company listed at the Toronto Stock Exchange. Strategic and financial analysis conducted prior to the valuation unveiled that TELUS is a company with substantial competitive advantage and strong positive outlook. In addition, market development and company revenues were modelled in the strategic analysis. Subsequently, development of the key value drivers consisting of operating margin, working capital and capital expenditures was projected. Cost of equity was estimated using forward looking equity premiums and bottom up Beta methodology. Cost of equity together with cost of debt yielded WACC of 5.38%. TELUS was valued using DCF Entity method, which yielded value of CAD 49.97 per share. DCF valuation was supplemented by relative valuation using adjusted EV/EBITDA multiple which yielded price of CAD 43.63 per share. Value of CAD 49.97 from DCF valuation was accepted as final value recommendation. With stock price of CAD 45.25, TELUS was undervalued as of 1/1/2019 according to the DCF valuation. Způsob přístupu: Internet international management [obor dipl. práce] diplomové práce fd132022 czenas master's theses eczenas Valuation TELUS Telecommunications DCF Strategic analysis Smrčka, Luboš ola2007404644 ths Schönfeld, Jaroslav mzk2010565894 opn Vysoká škola ekonomická v Praze. Podnikohospodářská fakulta kn20010709402 dgg https://insis.vse.cz/zp/66375/podrobnosti VŠKP v InSIS https://insis.vse.cz/zp/66375 Hlavní práce https://insis.vse.cz/zp/66375/posudek/vedouci Hodnocení vedoucího https://insis.vse.cz/zp/66375/posudek/oponent/59275 Oponentura https://insis.vse.cz/zp/66375/priloha/18526 Přiloha k práci https://insis.vse.cz/zp/66375/priloha/18527 Přiloha k práci https://insis.vse.cz/zp/66375/podrobnosti dc:identifier NEPOSILAT VSKP vse66375 190612 66375