Valuation CEZ,

Stocks

End-of-day quote Prague S.E. Other stock markets 02/07/2026			5-day change	1st Jan Change
1,222.00 ^CZK	-0.57%		-0.65%	-5.64%

02/06	CEZ shareholders approve carving out distribution as lead-up to sale, share buyback	RE
27/05	CEZ: Skoda JS to become one of two suppliers of key components for small modular reactors from Rolls-Royce SMR	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	6,70,476	-	-
Change	-	-6.67%	24.5%	-0.16%	35.32%	-3.55%	-	-
Enterprise Value (EV) ¹	5,53,537	4,13,283	6,72,551	7,19,552	9,26,659	8,91,977	8,99,870	8,99,076
Change	-	-25.34%	62.73%	6.99%	28.78%	-3.74%	0.88%	-0.09%
P/E	45.2x	5.12x	17.4x	17.2x	24.7x	19.1x	21.6x	23.9x
PBR	2.76x	-	2.11x	2.15x	2.88x	2.64x	2.59x	2.56x
PEG	-	0x	-0.3x	11.83x	-4.05x	0.8x	-1.9x	-2.51x
Capitalization / Revenue	1.94x	1.43x	1.51x	1.49x	2.09x	2.19x	2.26x	2.33x
EV / Revenue	2.43x	1.43x	1.97x	2.09x	2.78x	2.91x	3.04x	3.13x
EV / EBITDA	8.75x	3.14x	5.39x	5.23x	6.76x	7.99x	8.52x	8.73x
EV / EBIT	34.4x	4.05x	7.96x	7.7x	11.6x	15.4x	16.9x	18x
EV / FCF	20.2x	-	7.25x	10.2x	36.7x	26.4x	48.3x	29.1x
FCF Yield	4.95%	-	13.8%	9.77%	2.72%	3.78%	2.07%	3.44%
Dividend per Share ²	44	-	52	47	47	51.52	44.99	39.27
Rate of return	5.32%	-	5.43%	4.91%	3.63%	4.13%	3.6%	3.14%
EPS ²	18.3	150.5	55	55.8	52.4	65.41	57.85	52.34
Distribution rate	240%	-	94.5%	84.2%	89.7%	78.8%	77.8%	75%
Net sales ¹	2,27,793	2,88,485	3,40,585	3,44,709	3,33,388	3,06,510	2,96,105	2,87,588
EBITDA ¹	63,240	1,31,568	1,24,839	1,37,462	1,37,038	1,11,680	1,05,639	1,02,989
EBIT ¹	16,098	1,01,927	84,512	93,443	80,145	57,756	53,256	50,041
Net income ¹	9,791	80,786	29,524	29,933	28,107	35,477	30,401	27,632
Net Debt ¹	1,10,700	-	1,58,018	2,05,825	2,31,490	2,21,501	2,29,394	2,28,600
Reference price ²	827.00	770.00	958.50	957.00	1,295.00	1,249.00	1,249.00	1,249.00
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,	19.09x	2.91x	7.99x	4.13%	3.17TCr
GE VERNOVA INC.	36.22x	6.39x	46.8x	0.18%	30TCr
NEXTERA ENERGY	22.07x	9.26x	15.31x	2.79%	18TCr
IBERDROLA, S.A.	21.58x	4.44x	12.03x	3.34%	17TCr
ENEL S.P.A.	14.22x	2.01x	7.04x	5.02%	12TCr
SOUTHERN COMPANY	22.14x	6.07x	13.4x	3.1%	11TCr
DUKE ENERGY CORPORATION	19.19x	5.75x	11.46x	3.38%	10TCr
CONSTELLATION ENERGY CORPORATION	19.53x	3.03x	11.88x	0.7%	8.54TCr
AMERICAN ELECTRIC POWER COMPANY, INC.	21.73x	5.41x	13x	2.79%	7.54TCr
DOMINION ENERGY, INC.	19.38x	6.4x	13.69x	3.83%	6.13TCr
Average	21.52x	5.17x	15.26x	2.93%	12.33TCr
Weighted average by Cap.	24.05x	5.67x	20.58x	2.46%