1.										
	D1	4								
	g	-0.08								
	r	0.11								
										
VH	21.05263158									
										
2.										
	P0	24								
	D0	1								
	rf	0.04								
	beta	1.2								
	country premium	0.05								
										
	r	0.1								
	g	0.056								
										
										
3.	EPS	2								
	b	0.6								
	ROE	0.14								
	r	0.11								
										
	g	0.084								
										
	D2008	0.8								
	P2009	33.35384615								
										
4.	P/E	14								
	g	0.045								
	D0	0.7								
	EPS	2								
	r	0.08								
										
	D1	0.7315								
	p	0.35								
	P/E	10.45		nadhodnocená						
										
										
5.	2004	5.5								
	2005	6.5								
	2006	7								
	2007	8								
	2008	9								
										
	g	0.13			1	2	3	4	5	6
	gS	0.14	6		8.844827586	8.692330559	8.542462791	8.395178949	8.250434485	8.108185614
										
	gL	0.1			2.a 3. fáze H model		50.83341998			
										
	r	0.16			175.677355					
										
										
					VH	226.510775				
										
6. 	P	9.74								
	D0	0.27			1	2	3	4 - nekonečno		
	gS	0.1	3 roky		0.265178571	0.26044324	0.255792468	6.906396627		
	gL	0.08								
	r	0.12								
					VH	7.687810906		Akcie je nadhonocená		
										
7.	ROE	12.7								
	za 4 roky	11	r							
	p	0.4								
										
	g	6.6								
										
8.	2007	2006	2005	2004						
NI	18688	17138	14099	13328						
Sales	214091	204892	193641	150865				2007	2006	2005
TA	148786	132628	125833	93208		prumerna aktiva TA		140707	129230.5	109520.5
Equity	77088	68935	62676	45230		prmerny kaptal equity		73011.5	65805.5	53953
EPS	8.77	7.8	6.54	6.28						
DPS	2.26	2.01	1.75	1.53						
										
										
										
										
										
										
										
	2007	2006	2005		průměr					
P profit margin	0.087289984	0.083644066	0.072809994		0.081248015					
R rentention	0.742303307	0.742307692	0.732415902		0.739008967					
A asset turnover	1.521537663	1.585477113	1.768079949		1.625031575					
T Leverage	1.927189552	1.963825212	2.029924193		1.973646319					
										
g	0.192572203