Magistro darbe susisteminus ir apibendrinus fundamentaliosios analizės ir vertybinių popierių portfelio formavimo metodologinius aspektus, atlikta NASDAQ OMX Vilnius vertybinių popierių rinkoje kotiruojamų vertybinių popierių atranka taikant fundamentaliąją analizę, kurios rezultatų pagrindu suformuoti optimalūs vertybinių popierių portfeliai. Šio magistro darbo pirmoje dalyje apţvelgiami fundamentaliosios analizės ir vertybinių popierių portfelio formavimo modelių metodologiniai aspektai. Antroje darbo dalyje atliktas pasaulio ir Lietuvos makroekonominės bei ekonominės situacijos atitinkamuose sektoriuose vertinimas taikant fundamentaliosios analizės principus. Atrinkti penki patraukliausi sektoriai teikiant pirmumą sektoriaus pelningumui ir po vieną įmonę iš sektoriaus tolimesnei finansinės veiklos analizei. Trečioje darbo dalyje fundamentaliosios analizės rezultatų pagrindu suformuotas optimalus investicinis vertybinių popierių portfelis taikant H. Markowitz ir W. Sharpe portfelio formavimo modelius. / In this master‘s work systematized and summarized fundamental analysis and portfolio formation methodological aspects, performed of NASDAQ OMX Vilnius securities in the market of quoted securities screening procedure using fundamental analysis, the basis of results of which formed the optimal securities portfolio.In the first part of this master work provides an overview of fundamental analysis and methodological aspects of securities portfolio formation models.In the second part there was accomplished the assesment of the World and Lithuania‘s macro-economic and economic situation in the corresponding segments using fundamental analysis principles.There was selected the five most attractive sectors, prioritising sector profitability, and one company from each sector for further financial practice analysis. In the third part, on the basis of fundamental analysis results, there was formed the optimal investment stock portfolio by H. Markowitz and W. Sharpe portfolio construction models.

The aim of this diploma thesis is to do a fundamental analysis of selected stock title. The main part of thesis is the implementation of the theoretical experience in global, sectoral and corporate analysis. It will be determined intrinsic value of shares of company Philip Morris CR, Inc. In first will be calculated three input that are needed for further calculations. The second step is the calculation of the intrinsic value of the shares of several models. The chosen methods are single-step dividend discount model, Free Cash Flow to Equity and two historical models. Finally, it will be proposed investment recommendations based on the comparison of the actual values based on market prices.

This master thesis in its opening chapter inform about some basic charakteristics of New York Stock Exchange. Then indicators and tools of fundamental and technical analysis of stocks are explained in folowing chapters. In practical part of the thesis is taking place a evaluation of fundamental and technical analysis based on historical data from american stock market. For this prupose the data of constituents companies of Dow Jones Industrial Average index are used covering market history as far as possible.

The aim of this thesis is to analyze and evaluate the company Letiště Praha, s.p. (Prague airport authority). The thesis also briefly presents and describes possible ways of a privatization of the compnay and author's view on that process. It also contains current situation of the copany and the process of privatization.

The principal aim of the thesis is to analyze specific issues of financial service firms in comparison with nonfinancial firms, and to explain how to determine the intristic value of a stock using the fundamental analysis. The particular macroeconomic, industrial and business factors influencing the intristic value of a stock are desribed in detail with the emphasis on the distinctions of financial service firms. A separate chapter is focused on particular methods suitable for determining the intristic value of a financial service firm's stock. The applied section analyzes all the components of the fundamental analysis in detail using Komerční banka's stock as an example. Consequently, the intristic value of the stock is calculated by means of available methods with the decision whether the market pricing is correct.

Main purpose of the thesis is a discussion of valuation methods and their practical application with focus on a top diversified M&M company. In this work, I use various assupmtion to derive point as well as interval estimate of fair value of a Russian mining company.

My diploma thesis deals with fundamental analysis of a significant bank in Czech Republic. Fundamental analysis is focused on factors that influence the value of particular stock. The main target of fundamental analysis is to find intrinsic value which reflects the actual state and perspectives of a company. The main goal of this paper was to come with the complex valuation approach to banks and apply this approach to Komercni banka, a.s. The next goal was to deal with the specifics of the bank valuation and with the valuation during the financial crisis. I used following methods for valuation. The most recommended one is the value estimation by income approach - Discounted Cashflow Valuation, Dividend Discount Models. For usage of this method is necessary to make financial and strategic analysis of the company. The next method I used is the application of market multiples, such as Price-to-Earnings or Market-to-Book Value ratios. The last method in this paper is based on financial statements. The book value of equity is more reliable for financial institutions than for nonfinancial companies. Diploma thesis gives the complex view of the bank valuation and includes all important steps leading to high-quality valuation.

Diploma thesis focuses on fundamental and technical analysis of the stock Komerční banka, a.s. The aim of the work is to applicate techniques of both analyses and prepare investvment recommendations according to acquired results. This work also provides theoretical background of particular analyses and applied methods. The first chapter contains global fundamental analysis supplemented by analysis of relations between main factors and index PX using correlation coefficient. Another two chapters deal with sector analysis and calculation of intrinsic value of the stock. The last chapter is devoted to technical analysis using chart's methods and methods based on technical indicators.

Thesis combines two approaches towards stock analysis, fundamental and technical analysis. Prime objective is to present main instruments of both analysis techniques. At first there is presented theory of both, fundamental and technical analysis. Under the fundamental section there are presented global and sector factors that influence prices of stocks. Section of technical analysis starts with historical overview, followed by graphical analysis and technical indicators. Second part consists of the application of chosen methods of fundamental and technical analysis. There are plenty of graphs and practical examples within the application section to support theoretical principles.

The first part of this work "Testing of investment strategies based on concrete methods of fundamental analysis" is designed as theoretical introduction into fundamental analysis. There are briefly described and explained the different parts of fundamental analysis with emphasis on analysis at the level of individual firms and related specific methods and models of determining the intrinsic value of shares. In the next section, there are companies presented and characterized, whose shares will make up the sample, which will be used to test various methods and models of fundamental analysis. The last and the most important part of this work is devoted to practical application of methods and models of fundamental analysis on a sample of shares of companies, introduced in the second part. At the end of this section, evaluation of the success of these methods and models is presented.