Valuation of the stock title Komerční banka

The bachelor thesis is concerned with fundamental analysis of stock title Komerční banka, a.s., quoted on the Prague Stock Exchange. Its main aim is to analyse the stock title at the global, industry and company level, determine the intrinsic value of the share and set investment recommendation. The thesis is divided into three chapters. The first chapter is focused on influence of macroeconomic variables on the stock market. The second part deals with the sectoral factors in the Czech banking industry. The third chapter contains calculation of the intrinsic value of the stock title Komerční banka, a.s. In the conclusion, there is the overall assessment and formulation of investment recommendation