03304ntm a22005177i 4500 000569028 CZ-PrVSE 20190720083859.0 m d cr n|||||||||| 190720s2019 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 rda Mammadov, Toghrul ISIS:133216 dis Valuation of User-based Internet Companies – Main growth and Value Drivers eng Valuation of User-based Internet companies – Main Growth and Value Drivers / Toghrul Mammadov 2019 ?? stran : digital, PDF soubor Vedoucí práce: Tomáš Krabec Diplomová práce (Ing.)—Vysoká škola ekonomická v Praze. Fakulta financí a účetnictví, 2019 Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby 2019 This thesis examines the value that each subscriber brings to an internet company. The practical part will cover the analysis of Netflix because it is a growing business operating in an industry that heavily depends on subscribers. The main tool which is going to be used is Microsoft Excel – to construct a complete financial model of the company by first using the “old economy” approach, which is done through a classic discounted cash flow model to derive the present value of the projected cash flows of the company discounted by an appropriate discount rate (cost of capital), and then the “new economy” approach, by valuing the existing users, plus potential users. The result of this project is to compare both models in order to make reasonable assumptions about the main growth and value drivers. The age of the internet and data is having a larger and larger impact on modern companies and their business models. Therefore, by comparing the final models, the thesis aims at achieving two important goals - 1) Uncovering the reasons behind today's valuations of modern internet companies. 2) Improving the accuracy of forecasting key financial metrics of a modern company by breaking the metrics down to its users. Způsob přístupu: Internet finance and accounting [obor dipl. práce] diplomové práce fd132022 czenas master's theses eczenas Financial Modeling Discounted Cash Flow Discount Rate Value Krabec, Tomáš, 1981- mzk2005318008 ths Jeřábková, Silvie ISIS:5331 opn Vysoká škola ekonomická v Praze. Fakulta financí a účetnictví kn20010709398 dgg https://insis.vse.cz/zp/67846/podrobnosti VŠKP v InSIS https://insis.vse.cz/zp/67846 Hlavní práce https://insis.vse.cz/zp/67846/posudek/vedouci Hodnocení vedoucího https://insis.vse.cz/zp/67846/posudek/oponent/62486 Oponentura https://insis.vse.cz/zp/67846/priloha/18684 Přiloha k práci https://insis.vse.cz/zp/67846/podrobnosti dc:identifier NEPOSILAT VSKP vse67846 190612 67846