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Fundamental and technical analysis of Telefonica O2 Czech Republic, a.s. share
Kálal, Tomáš ; Veselá, Jitka (advisor) ; Musílek, Petr (referee)
First part of this graduation theses "Fundamental and technical analysis of the Telefonica O2 Czech Republic, a.s. equity" concern more about the teoretical approach of the characteristics of the company Telefonica O2, his competitors on the country level as well as on the regional level. This description should prepare the reader to know better the telecomunication sector. The second part is a empirical study. Primarily from the fundamental approach and then from the technical one. These two parts concern about discovering the "buy" os "sell" recommendation for a real investor. Each of the methods are first described and then a brief comment of the results is made.
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Fundamental analysis of Komercni banka, a.s.
Havránek, Michal ; Musílek, Petr (advisor) ; Kuklik, Robert G. (referee)
My diploma thesis deals with fundamental analysis of a significant bank in Czech Republic. Fundamental analysis is focused on factors that influence the value of particular stock. The main target of fundamental analysis is to find intrinsic value which reflects the actual state and perspectives of a company. The main goal of this paper was to come with the complex valuation approach to banks and apply this approach to Komercni banka, a.s. The next goal was to deal with the specifics of the bank valuation and with the valuation during the financial crisis. I used following methods for valuation. The most recommended one is the value estimation by income approach - Discounted Cashflow Valuation, Dividend Discount Models. For usage of this method is necessary to make financial and strategic analysis of the company. The next method I used is the application of market multiples, such as Price-to-Earnings or Market-to-Book Value ratios. The last method in this paper is based on financial statements. The book value of equity is more reliable for financial institutions than for nonfinancial companies. Diploma thesis gives the complex view of the bank valuation and includes all important steps leading to high-quality valuation.
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The fundamental analysis of Zumtobel AG stock
Tomášik, Ivan ; Veselá, Jitka (advisor)
The bachelor thesis deals with the fundamental analysis of Zumtobel AG stock. It is structured according three classical areas of fundamental analysis. First part describes the analysis of global factors and their possible influence on share price. Second part characterizes the segment in which Zumtobel group exists. Last part aims at determination of the intrinsic value of the stock with the use of chosen models and as a consequential action is recommended the sale or the purchase of Zumtobel AG stock.
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The fundamental analysis of the share of CEZ company
Železný, Stanislav ; Veselá, Jitka (advisor)
Nowadays, the investing in shares in the Czech republic become more popular way how to evaluate free finacial resources. It is way where the analysts try to find badly rated shares and base on bad evaluation they want to make profit. My bachelor's work focuses on the most used and the most favorite method, that uses to explain the movement of the share price, the fundamental analysis. The fundamental analysis consists of three parts: Global, sectoral, company. In the global fundamental analysis I focus on the main macroeconomics factors which influence the movement of the share price. Beside the sectoral fundamental analysis of energy sector in the Czech republic. Next i analyse ČEZ company from company poit of view where I numericaly mark the instrinsic value of the share of CEZ by some indicators.
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International stock markets in conditions of financial crisis
Otýpková, Michaela ; Taušer, Josef (advisor) ; Plchová, Božena (referee)
This diploma thesis deals with trading in the international stock markets in conditions of financial crisis. The theoretical part covers basic definitions associated with stock markets, followed by a chapter dedicated to business cycles, which are significantly related to the stock markets. The first goal of the thesis is numerical comparison of the extensions of the actual financial crisis with the most meaningful financial crisis over last one hundred years. The second aim of the work is to effectuate the technical analysis using selected technical indicators and evaluate its results in chosen periods.
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Fundamental analysis, valuation
Heřman, Jiří ; Brada, Jaroslav (advisor)
Main purpose of the thesis is a discussion of valuation methods and their practical application with focus on a top diversified M&M company. In this work, I use various assupmtion to derive point as well as interval estimate of fair value of a Russian mining company.
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Specific issues of financial service firms at determining the intristic value of a stock
Mathonová, Ivana ; Veselá, Jitka (advisor) ; Paholok, Igor (referee)
The principal aim of the thesis is to analyze specific issues of financial service firms in comparison with nonfinancial firms, and to explain how to determine the intristic value of a stock using the fundamental analysis. The particular macroeconomic, industrial and business factors influencing the intristic value of a stock are desribed in detail with the emphasis on the distinctions of financial service firms. A separate chapter is focused on particular methods suitable for determining the intristic value of a financial service firm's stock. The applied section analyzes all the components of the fundamental analysis in detail using Komerční banka's stock as an example. Consequently, the intristic value of the stock is calculated by means of available methods with the decision whether the market pricing is correct.
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