Analýza vybrané investiční příležitosti

This thesis deals with the fundamental analysis of shares of Prabos plus a.s., a Czech manufacturer of military, work, and outdoor footwear, whose shares are traded on the START market of the Prague Stock Exchange. The aim of the thesis is to determine the intrinsic (fundamental) value of the shares from the perspective of an investor considering the acquisition of a 100 % stake in the company's share capital, and, based on a comparison with the market price, to assess whether the purchase of the shares represents an attractive investment opportunity. The theoretical part defines the basic approaches to investment analysis and describes the process of fundamental analysis, including the discounted cash flow method at the entity level (DCF Entity). The practical part contains a strategic analysis, a financial analysis for the period 2020–2024, a financial plan for the period 2025–2030, and finally the actual calculation of the intrinsic value of the shares using the DCF Entity method. The calculated intrinsic value of the shares as of the valuation date (January 1, 2026) amounting to 256.2 CZK/share practically corresponds to the market price on the same date (258 CZK/share); however, when compared to the current market price at the time of writing this thesis (234 CZK/share), the shares appear to be undervalued, and their purchase represents an attractive investment opportunity.