Fundamentální analýza Komerční banky, a. s.

Abstract

The thesis deals with fundamental analysis of Komerční banka. It consists of six chapters. The aim of this thesis is to determine the intrinsic value of the share of Komerční banka and recommend that share investors to buy or to sell on the basis of all collected data. The theoretical part is a detailed characterization of fundamental analysis. Described kurzotvorné factors affecting the share price at the global and sectoral level, financial analysis and determination of the intrinsic value of share. Fundamentals analysis is applied in the practical part. First, the global and sectoral level. Then it is calculated the financial analysis and the intrinsic value of stock using the dividend discount model, the profit model, historical methods, and P/S model and P/BV model as well as by the box method, which uses only the book value and are substantially. At the end, an investment recommendation on the basis of determining the intrinsic value of shares, the financial and SWOT analysis as well as accountability to the attractiveness of the sector and the development of the entire economy.