Valuation CEZ,

Stocks

End-of-day quote Prague S.E. 02/09/2026			5-day change	1st Jan Change
1,367.00 ^CZK	-0.36%		-1.23%	+5.56%

11/08	CEZ, a. s., H1 2026 Earnings Call, Aug 11, 2026
11/08	CEZ raises its outlook again due to rising energy prices	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	4,42,837	4,13,283	5,14,533	5,13,727	6,95,169	7,33,820	-	-
Change	-	-6.67%	24.5%	-0.16%	35.32%	5.56%	-	-
Enterprise Value (EV) ¹	5,53,537	4,13,283	6,72,551	7,19,552	9,26,659	9,55,235	9,64,282	9,67,593
Change	-	-25.34%	62.73%	6.99%	28.78%	3.08%	0.95%	0.34%
P/E	45.2x	5.12x	17.4x	17.2x	24.7x	21.8x	23.3x	26.6x
PBR	2.76x	-	2.11x	2.15x	2.88x	2.88x	2.85x	2.79x
PEG	-	0x	-0.3x	11.83x	-4.05x	1.1x	-3.6x	-2.2x
Capitalization / Revenue	1.94x	1.43x	1.51x	1.49x	2.09x	2.28x	2.44x	2.48x
EV / Revenue	2.43x	1.43x	1.97x	2.09x	2.78x	2.96x	3.21x	3.27x
EV / EBITDA	8.75x	3.14x	5.39x	5.23x	6.76x	8.54x	9.13x	9.41x
EV / EBIT	34.4x	4.05x	7.96x	7.7x	11.6x	16.8x	18.1x	19x
EV / FCF	20.2x	-	7.25x	10.2x	36.7x	28x	46.3x	35.3x
FCF Yield	4.95%	-	13.8%	9.77%	2.72%	3.57%	2.16%	2.83%
Dividend per Share ²	44	-	52	47	47	45.95	47.64	41
Rate of return	5.32%	-	5.43%	4.91%	3.63%	3.36%	3.49%	3%
EPS ²	18.3	150.5	55	55.8	52.4	62.76	58.7	51.45
Distribution rate	240%	-	94.5%	84.2%	89.7%	73.2%	81.2%	79.7%
Net sales ¹	2,27,793	2,88,485	3,40,585	3,44,709	3,33,388	3,22,235	3,00,849	2,96,250
EBITDA ¹	63,240	1,31,568	1,24,839	1,37,462	1,37,038	1,11,901	1,05,597	1,02,773
EBIT ¹	16,098	1,01,927	84,512	93,443	80,145	56,766	53,247	50,845
Net income ¹	9,791	80,786	29,524	29,933	28,107	33,295	31,441	28,551
Net Debt ¹	1,10,700	-	1,58,018	2,05,825	2,31,490	2,21,415	2,30,463	2,33,774
Reference price ²	827.00	770.00	958.50	957.00	1,295.00	1,367.00	1,367.00	1,367.00
Nbr of stocks (in thousands)	5,35,474	5,36,731	5,36,810	5,36,810	5,36,810	5,36,810	-	-
Announcement Date	15/03/22	21/03/23	21/03/24	13/03/25	12/03/26	-	-	-

¹CZK in Million²CZK

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
CEZ,	21.86x	2.97x	8.56x	3.35%	3.53TCr
GE VERNOVA INC.	29.23x	4.91x	35.9x	0.22%	24TCr
NEXTERA ENERGY	20.6x	9x	15.39x	2.97%	17TCr
IBERDROLA, S.A.	19.65x	4.05x	11.15x	3.65%	15TCr
ENEL S.P.A.	12.74x	1.86x	6.6x	5.57%	11TCr
SOUTHERN COMPANY	19.71x	5.8x	12.66x	3.43%	10TCr
CONSTELLATION ENERGY CORPORATION	22.06x	3.4x	13.78x	0.61%	9.93TCr
DUKE ENERGY CORPORATION	17.85x	5.54x	11.17x	3.62%	9.39TCr
AMERICAN ELECTRIC POWER COMPANY, INC.	19.11x	5.1x	12.32x	3.13%	6.69TCr
DOMINION ENERGY, INC.	18.52x	6.23x	13.09x	4.02%	5.84TCr
Average	20.13x	4.89x	14.06x	3.06%	11.23TCr
Weighted average by Cap.	21.23x	5.15x	17.11x	2.68%