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Fundamental Analysis of Selected Stocks
Fidranský, Lukáš ; Effenberk, Pavel (referee) ; Sojka, Zdeněk (advisor)
This bachelor thesis deals with fundamental analysis of stocks. Firstly its focused on theory of financial markets and especially on procedures and methods that are used in the subsequent practical part. The practical part is based on comparing the intrinsic value of the shares of Philip Morris company with its current market value. At the end investment recommendation is stated.
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Fundamental Analysis of Selected Stocks
Fidranský, Lukáš ; Effenberk, Pavel (referee) ; Sojka, Zdeněk (advisor)
This bachelor thesis deals with fundamental analysis of stocks. Firstly its focused on theory of financial markets and especially on procedures and methods that are used in the subsequent practical part. The practical part is based on comparing the intrinsic value of the shares of Philip Morris company with its current market value. At the end investment recommendation is stated.
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Analysis of the systematic risk and its influence in value investing
Mikláš, Antonín ; Pošta, Vít (advisor) ; Pivoňka, Tomáš (referee)
This Bachelor´s Thesis deals with analysis of systematic risk and its influence in value investing. Theoretical part of the thesis explains components of valuation based on discounted cash flow model. This part is focused mainly on beta from CAPM model which measures relation between given asset and systematic risk. Practical part begins with calculation of macroeconomic variables needed for company valuation. Then, combining the different stock market indices and using the least squares method, beta of the companies CEZ and Philip Morris CR is calculated. Valuation of these companies is made in the final part of the thesis accompanied with sensitivity analysis, which examines the influence of beta on internal value of a share.
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The position of Philip Morris Company on the Czech market
Kohoutová, Tereza ; Gullová, Soňa (advisor) ; Štemberk, Jan (referee)
The aim of this thesis is to analyze, define and evaluate the position of Philip Morris Company on the Czech market. The work is divided into four main chapters. The first part is dedicated to the characteristics of Philip Morris, where the reader gets acquainted with the history and development of the company, its objectives and strategies. Also the best known cigarette brands that Philip Morris offers are presented. A considerable part of the work deals with the tobacco industry. It is devoted to the second chapter of the work. Close attention is focused on the regulatory measures of tobacco products, whose content is crucial for future development of the company. The mainstay is concentrated in the third chapter, which deals with the analysis of the position of Philip Morris on the tobacco market. To achieve the objectives of the work, the characteristics of the tobacco market in the Czech Republic and its consumers, identifying main competitors, financial analysis and SWOT analysis are stated. The final fourth chapter summarizes the main findings and discusses the prospects on the tobacco market and future development of the company.
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Stock fundamental analysis of Philip Morris
Kutílek, Petr ; Veselá, Jitka (advisor)
Bachelor work deals with principles of a fundamental analysis, which it uses for evaluating stocks in terms of the important influences setting the exchange rates. As a goal, it tries to recommend Philip Morris stocks for buying, selling or if they are even suitable for investment. First of all, we are going to familiarize with the term "fundamental analysis" in teoretical point of view. From the first to the thirt chapter, are occupied with the economy analysis, industry analysis and the company analysis step by step. This is the main and practical part of the work, where I'm going to try to make an investment recommendation by the help of the methods of analysis.
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