The goal of this diploma thesis is to analyze P/S ratio using Gordon dividend discount model and also to prove hypothesis that assumes existing influence of margin, dividend payout ratio, future dividend growth and discount rate on P/S ratio value. The goal is also to find other factors that can influence relative market stock valuation. Multidimensional regression analysis and also factor analysis were used in order to get a proper knowledge of the factors. There are 781 stocks used in this work. This thesis proves influence of the mentioned variables and also other variables were found that help achieve deeper understanding of examined variable. Market valuation is a very complex matter and is influenced by numerous factors.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:205962 |
| Date | January 2016 |
| Creators | Hanzl, Tobiáš |
| Contributors | Vrabec, Michal, Řezanková, Hana |
| Publisher | Vysoká škola ekonomická v Praze |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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