Vybrané problémy při aplikaci fundamentální analýzy na na akcii firmy ČEZ, a. s

This bachelor's thesis deals with the fundamental analysis of ČEZ shares, as well as problems related to it. The work is divided into three main parts according to the level of analysis. The first part focuses primarily on the effect of macroeconomic factors on the company's share rate. In the second part, the energy sector, competitive, political and other influences on the development of the firm are mapped out. The final section is devoted to corporate fundamental analysis to determine whether the company's shares are overvalued, undervalued or at the correct intrinsic value. At the same time, the issues that the analyst must address when performing the stock fundamental analysis are discussed for each of the three parts. The conclusion of the work is a summary of the results of the analysis carried out and the presentation of an investment recommendation.