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Fundamentální analýza společnosti Apple Inc.
Dvořák, Tomáš
In my bachelor's thesis I focused on the fundamental analysis and determination of the intrinsic value of Apple Inc. stock using dividend discount model and free cash flow model. The theoretical part mainly contains global, industry and company fundamental analysis, which I apply in the practical part. The practical part also includes financial analysis, which I calculate from financial statements. Based on the results, I present my investment recommendations to investors.
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Fundamentální analýza amerického automobilového průmyslu pro portfolio management investičního fondu
Ludwig, Marek
Ludwig, M. Fundamental analysis of the US automotive industry for portfolio management of an investment fund. Diploma thesis. Brno: Mendel University, 2023. The thesis focuses on a fundamental analysis of the automotive sector with a special emphasis on five automotive companies operating in the US market: General Motors, Toyota, Ford, Stellantis and Hyundai. The objective is to determine the intrinsic value of these companies and to establish investment recommendations for the management of an equity investment fund portfolio. The paper is divided into three parts. The first part presents the theoretical framework. Specifically, an explanation of the Free Cash Flow to the Firm method, which is used for the valuation itself. The second part focuses on the general industry analysis and the third part is devoted to the valuation of the studied companies and the determination of the investment recommendation. The result of the work is the determination of the intrinsic values of the companies studied, comparison with their market prices and the derivation of the investment recommendations.
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Fundamental analysis of the selected stock
OSVALD, Viktor
The main goal of fundamental analysis is to make a gain from investing money in stocks. It is a combination of mathematical calculations and investor's experience that help him to understand the intrinsic value of the stock and whether it is convenient to buy it or to sell it. Moreover, there are also technical and psychological analysis that are used besides of the fundamental analysis to set the intrinsic value more precisely and predict future trends of the stock price. Ultimately after the intrinsic value is found, it is compared to the value on the stock market. In case the intrinsic value is higher than the value on the stock market, it means that the stock is undervalued, and it is convenient to buy it and vice versa. The key to the fundamental analysis is consistency. As the situation on the stock market is still evolving and the value of the stocks still changing, the fundamental analysis needs to be periodically updated with a new data so it can offer the correct predictive values.
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The investment portfolio and its creation
Musil, Jakub ; Scholleová,, Hana (referee) ; Ptáček, Roman (advisor)
The diploma thesis focuses on the application of fundamental analysis for the purpose of creating a stock investment portfolio for retail investors. The subject of the analysis are companies listed on European stock exchanges operating in the field of information technology. The first part defines the theoretical basis related to the issues of fundamental analysis and investment portfolio creation. In the second part, selected analyses are elaborated, including the calculation of the internal value of shares according to the FCFE model. The results are evaluated using a scoring method of intercompany comparison. The last part of the thesis formulates a summary investment recommendation for the thesis' client.
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Proposal for Addition of a Hedge Fund Investment Portfolio
Zapula, Pavel ; Bílek, Michael (referee) ; Rejnuš, Oldřich (advisor)
The master's thesis focuses on the development of a proposal to expand the investment portfolio of a hedge fund according to management requirements. The knowledge gained in the theoretical part is applied in the analytical part. First, the properties of the fund and the requirements of its management to expand their portfolio are defined. The selected companies are subjected to a financial analysis, the intrinsic value of their shares is determined. The results are compared with each other. The bankruptcy model is used to assess the riskiness of companies. Based on the analyzed results, a recommendation for expanding the hedge fund's investment portfolio is drawn up.
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Využití fundamentálních ukazatelů při sestavování akciového portfolia
Surovec, Martin
This Master Thesis deals with the usability of fundamental indicators for building a stock portfolio regarding chosen equities from the Prague Stock Exchange. The output of the work is finding that stocks with the lowest values of price to earnings ratio and price to book ratio make higher return than stocks with the highest values of these indicators. These stocks exceed latter with taking lower risk based on standard deviation of returns. The usability of indicators was confirmed by these findings. Another conclusion of this Thesis is finding that stocks with the lowest values of these indicators exceeded benchmark represented by PX-TR index.
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Kofola ČeskoSlovensko, a.s., fundamental analysis
Jahoda, Jiří
Jahoda, J. Kofola ČeskoSlovensko, a.s., Fundamental analysis. Diploma thesis. Mendel university in Brno, 2017. Diploma thesis deals with the buy-side fundamental analysis of the publicly traded company. The analysis is followed by a top-down approach. First, macroeconomic factors that affect the intrinsic value of the stock are analyzed. Then industry and company factors are analyzed. The result of the thesis is the determination of the intrinsic value of the stock and its comparison with the current market price on the stock exchange. Further, the verification of the underpricing that occurred at the primary issue of the stocks on the stock market. Subsequently, there is made the investment recommendation with an annual horizon.
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Fundamental analysis of the selected stock
BURIÁNKOVÁ, Pavla
This bachelor thesis creates an analytical advice on opportunity for putting money into Philip Morris company's stocks. This advice can be based on many types of analyses like technologic or fundamental. The fundamental analysis is a method of securities price analysis by involving all substantial influences. The aim of fundamental analysis is finding out the valuation of the selected stock depended on the position of this stock on the securities market. The first part describes the most important theoretical knowledge which is necessary to make a successful implementation. Practical part is divided into two section. The first section is focused on calculation the internal share value by four methods. The methods are dividend discount model, two profit models, cash-flow model and historical models. The calculate internal share value by this method tells the potential investor that the stock is undervalued. It is because the internal share value is higher than the market price. The final part of this bachelor thesis is creating an analytical advice for the potential investor. From this calculated result an analysist can suggest buying this stock.
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Fundamental analysis of Stock Spirits Group
Tománek, Jan ; Heřman, Jan (advisor) ; Veselá, Jitka (referee)
The Bachelor´s Thesis is a fundamental analysis of Stock Spirits Group. The first part determines types of a stock analysis. The second part deals with the most important industry factors and European markets with alcohol, where the company is active. The third part investigates the company itself, its position on markets, its results, dividend policy and outlook. The last part of the thesis represents the basic methods how to set forth the intrinsic stock value using a discount model and relative valuation. These methods are then applied on estimates of future dividends of the company and an investment recommendation is issued. The conclusion summarizes results of the fundamental analysis of the company and comments on the recommendation.
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