This Master Thesis deals with the evaluation of the company Správa nemovitostí Olomouc, a. s. as of December 20, 2011.The value of the company was determined based on detail strategic and financial analyses which illuminated the core business and future potential of the company. Results of the analyses and interviews with the management of the company allowed preparing thorough five year financial plan. After the fifth year I have assumed a stable growth. The final value was determined as an average between two income methods, Free Cash Flow to the Firm and Economic Value Added. For comparison I have also prepared a property method valuation using the book value of the company