Approaches to common stock valuation

Alina Tekinova

Bakalářská práce

Abstract:

Any asset, whether financial or physical, has a monetary worth. Aswath Damodaran points out, "Successful investment and asset management necessitate not only a comprehension of what "value" is but also an understanding of the elements that influence it." In fact, common stock valuation is an important component in corporate finance and plays a significant influence in investor decision-making. The volatility of equity stock prices because of various valuation methodologies is a significant factor in equity valuation, and analysts must rely on specific company characteristics to determine which method is the most accurate. The main purpose of this thesis research is to evaluate the applicability of specific methodologies for valuing common shares of "Coinbase Global. Inc." at the time of the company's first public offering (IPO), in order to provide the most efficient approach to make decisions when buying and selling shares. The study is based on mostly qualitative secondary data from chosen works of economists and financiers who have contributed significant to the development of company valuation in general. The official statistics from the US Securities Commission and the company's official website ("Coinbase Global, Inc."); analytical materials from Bloomberg, Investcom, Morningstar, the World Bank, and others.

Keywords

Equity, Valuation, DDM, FCFF, FCFE, Return on Equity

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 29. 4. 2023

Obhajoba závěrečné práce

• Obhajoba proběhla 18. 5. 2023
• Vedoucí: Ing. Jana Kalabisová, Ph.D.
• Oponent: Petr Wawrosz, Ph.D.

Česká zemědělská univerzita v Praze

Provozně ekonomická fakulta

Bakalářský studijní program:
Business Administration