Fundamentální analýza akcie IPJSC Yandex

This thesis is dedicated to the fundamental analysis of the stock of Yandex, one of the most prominent technology companies in the Russian market. By connecting the macroeconomic environment, the development of the specific industry, and company data, the study examines the intrinsic value of the stock and its deviation from the market price at the end of the previous year. In the global fundamental analysis, emphasis is placed on the correlation analysis of selected macroeconomic variables, their relationship to the performance of the MOEX index, and the assessment of geopolitical events. The thesis also explores the structure of the industry in which Yandex operates. The intrinsic value of the stock is calculated using cash flow-based models (FCFF and FCFE), complemented by traditional valuation multiples. The final section evaluates whether the stock is attractive from an investor's perspective.