Investiční analýza Starbucks Corporation

In my bachelors thesis I worked at analysis of the Starbucks Corporation (SBUX). The main objective was to decide whether the stock is undervalued, overvalued or traded at the level of its "intrinsic value". In order to provide a solid and robust recommendation for the buy or sell order I have divided the work into three parts of fundamental analysis Global macro analysis was done in order to decide whether the US capital market provides a safe investment environment and promising returns. Sector analysis runs deeply into market structure and evaluate the changes in the intrinsic value caused by the volatility of inputs. Fundamental analysis on the corporate level was used to determine the intrinsic value of the stock. The fundamental valuation was done using the Free Cash Flow to Equity method as well as the earnings methods of P/E and P/S ratios. Whole analysis and the final investment recommendation is influenced by so called "value investing" which was firstly established by Benjamin Graham.