Eesti metsamaa ja sellega kauplemine AmEst Haldus OÜ näitel
Laen...
Kuupäev
2023
Kättesaadavus
07.09.2023
Autorid
Ajakirja pealkiri
Ajakirja ISSN
Köite pealkiri
Kirjastaja
Eesti Maaülikool
Abstrakt
Eesti on metsarikas maa, kus üle poole pindalast on kaetud metsadega. Kuna metsade
puhul on tegemist taastuva loodusvaraga, nähakse metsamaad kui investeeringut. Metsa
ja metsamaasse investeerimiseks on erinevaid valikuvõimalusi.
Käesoleva magistritöö eesmärgiks oli välja selgitada, kas metsamaaga tasub kaubelda
ja millised tegurid kauplemist mõjutavad.
Töö jagati kolmeks osaks: Esimeses peatükis annab autor kirjandusliku ülevaate Eesti
metsadest. Teises peatükis keskendutakse metsamaaga kauplemisele ning sellega
kaasnevatele aspektidele. Kolmandas ehk empiirilises osas on kasutatud AmEst Haldus
OÜ majandusaasta aruandeid ning neid võrreldakse Eesti Statistilise Metsainventuuri
(SMI) andmetega.
Empiiriline osa toetus ettevõtte AmEst Haldus OÜ metsamaadega tehtud tehingutel ja
majandusaasta aruannetel. Uurimuse eesmärk oli mõista, kas ettevõttes rakendatav mudel
metsamaasse investeerimisel on kasumlik ja jätkusuutlik.
Uurimusest, milles käsitleti 2016-2021 aastal ettevõtte poolt tehtud ostu-müügitehinguid,
selgus, et selles vahemikus soetati metsamaid 1 159 hektari ulatuses, mille soetamiseks
taodeldi laenu 3,7 miljoni euro ulatuses, investeeringu kogumaksumuseks kujunes 4
miljonit eurot. Ettevõte otsustas müüa ostetud metsamaad ühise paketina 2021. aastal
pindalaga 1 260 hektarit. Kinnistud müüdi 5,7 miljoni euro eest. Kaitsealused metsad
(kokku 298 hektarit) müüdi ühes paketis hinnaga 1,2 miljonit eurot ning majandatavad metsad (kokku 962 hektarit) hinnaga 4,5 miljonit eurot. Lisaks müüdi metsamaterjali 1,9
miljoni euro eest.
Koguinvesteeringu maksumuseks oli 4,7 miljonit eurot. Investeeringu puhaskasumiks
kujunes 2,5 miljonit eurot. Investeeringu tasuvuseks (ROI) teeb see 61,7%.
Lisaks juba müüdud metsamaadele analüüsiti ettevõtte 2021.aastal soetatud metsamaade
tulevikuperspektiivi. Lisaks juba müüdud metsamaadele analüüsiti ettevõtte 2021 ja 2022
aastal soetatud metsamaade tulevikuperspektiivi ja autor andis endapoolse arvamuse.
Selle jaoks kasutatud nüüdispuhasväärtuse meetodit, mis omakorda kinnitas, et
metsainvesteeringute äri jätkamine on kasumlik.
Estonia is a forest-rich country, where more than half of the area is covered with forests. Since forests are a renewable natural resource, forest land is seen as an investment. There are various options for investing in forests and woodlands. This master's thesis aimed to determine whether it is worth trading forest land and what factors affect trading. The work was divided into three parts: In the first chapter, the author gives a literary overview of Estonian forests. The second chapter focuses on the trade in forest land and the related aspects. In the third or empirical part, the annual reports of AmEst Haldus OÜ are used, and they are compared with the data of the Estonian Statistical Forest Inventory (SMI). The empirical part was based on transactions made with forest lands and financial year reports of the company AmEst Haldus OÜ. The purpose of the research was to understand whether the model implemented by the company for investing in forest land is profitable and sustainable. The research, which dealt with the purchase and sale transactions made by the company in 2016-2021, revealed that during this period, 1,159 hectares of forest land were acquired, for which a loan of 3.7 million euros was requested, and the total cost of the investment was 4 million euros. The company decided to sell the purchased forest land as a joint package in 2021 with an area of 1,260 hectares. The properties were sold for 5.7 million euros. Protected forests (298 hectares) were sold in one package for 1.2 million euros and managed forests (962 hectares) for 4.5 million euros. In addition, forest material was sold for 1.9 million euros. The cost of the total investment was 4.7 million euros. The net profit of the acquisition was 2.5 million euros. This makes for a return on investment (ROI) of 61.7%. In addition to the forest lands already sold, the future perspective of the forest lands acquired by the company in 2021 was analyzed. In addition to already sold forest lands, the future perspective of the company's forest lands acquired in 2021 and 2022 was analyzed, and the author gave his opinion. The net present value method was used for this, which in turn confirmed that the continuation of the forest investment business is profitable.
Estonia is a forest-rich country, where more than half of the area is covered with forests. Since forests are a renewable natural resource, forest land is seen as an investment. There are various options for investing in forests and woodlands. This master's thesis aimed to determine whether it is worth trading forest land and what factors affect trading. The work was divided into three parts: In the first chapter, the author gives a literary overview of Estonian forests. The second chapter focuses on the trade in forest land and the related aspects. In the third or empirical part, the annual reports of AmEst Haldus OÜ are used, and they are compared with the data of the Estonian Statistical Forest Inventory (SMI). The empirical part was based on transactions made with forest lands and financial year reports of the company AmEst Haldus OÜ. The purpose of the research was to understand whether the model implemented by the company for investing in forest land is profitable and sustainable. The research, which dealt with the purchase and sale transactions made by the company in 2016-2021, revealed that during this period, 1,159 hectares of forest land were acquired, for which a loan of 3.7 million euros was requested, and the total cost of the investment was 4 million euros. The company decided to sell the purchased forest land as a joint package in 2021 with an area of 1,260 hectares. The properties were sold for 5.7 million euros. Protected forests (298 hectares) were sold in one package for 1.2 million euros and managed forests (962 hectares) for 4.5 million euros. In addition, forest material was sold for 1.9 million euros. The cost of the total investment was 4.7 million euros. The net profit of the acquisition was 2.5 million euros. This makes for a return on investment (ROI) of 61.7%. In addition to the forest lands already sold, the future perspective of the forest lands acquired by the company in 2021 was analyzed. In addition to already sold forest lands, the future perspective of the company's forest lands acquired in 2021 and 2022 was analyzed, and the author gave his opinion. The net present value method was used for this, which in turn confirmed that the continuation of the forest investment business is profitable.
Kirjeldus
Magistritöö
Metsatööstuse õppekaval
Märksõnad
magistritööd, metsamaa, kauplemine, analüüs, tasuvus