Fundamental analysis of Philip Morris

This bachelor thesis describes the fundamental analysis of Philip Morris CR stock and aims to create an investment recommendation based on the analysis. The thesis is divided into three parts. In the first part I tried to evaluate influence of global economic factors on the development of stock prices. The second part consists of characteristics of tobacco industry in the Czech Republic. The last and most important part is dedicated to various methods used to determine if the stock is undervalued or overvalued on the market. In the conclusion of this thesis I make an investment recommendation based on the previous parts of this thesis