Valuation CEZ,

Stocks

End-of-day quote Prague S.E. 12/10/2026			5-day change	1st Jan Change
1,344.00 ^CZK	+0.52%		+0.52%	+3.78%

07/10	Slovakia to acquire CEZ's stake in nuclear company Jess under plan to build new plant	RE
08/09	ABB, Rolls-Royce SMR Sign MoU for Potential Small Modular Reactor Collaboration	MT

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	7,40,798	-	-
Change	-	-6.67%	24.5%	-0.16%	35.32%	6.56%	-	-
Enterprise Value (EV) ¹	5,53,537	4,13,283	6,72,551	7,19,552	9,26,659	9,63,603	9,71,234	9,75,094
Change	-	-25.34%	62.73%	6.99%	28.78%	3.99%	0.79%	0.4%
P/E	45.2x	5.12x	17.4x	17.2x	24.7x	21x	22x	24.4x
PBR	2.76x	-	2.11x	2.15x	2.88x	2.9x	2.85x	2.8x
PEG	-	0x	-0.3x	11.83x	-4.05x	0.8x	-4.88x	-2.46x
Capitalization / Revenue	1.94x	1.43x	1.51x	1.49x	2.09x	2.37x	2.42x	2.44x
EV / Revenue	2.43x	1.43x	1.97x	2.09x	2.78x	3.08x	3.17x	3.21x
EV / EBITDA	8.75x	3.14x	5.39x	5.23x	6.76x	8.53x	8.95x	9.25x
EV / EBIT	34.4x	4.05x	7.96x	7.7x	11.6x	16.3x	17.2x	17.9x
EV / FCF	20.2x	-	7.25x	10.2x	36.7x	28.3x	43.7x	34.3x
FCF Yield	4.95%	-	13.8%	9.77%	2.72%	3.53%	2.29%	2.91%
Dividend per Share ²	44	-	52	47	47	47.64	50.35	45.71
Rate of return	5.32%	-	5.43%	4.91%	3.63%	3.45%	3.65%	3.31%
EPS ²	18.3	150.5	55	55.8	52.4	65.71	62.74	56.52
Distribution rate	240%	-	94.5%	84.2%	89.7%	72.5%	80.3%	80.9%
Net sales ¹	2,27,793	2,88,485	3,40,585	3,44,709	3,33,388	3,13,121	3,06,347	3,04,088
EBITDA ¹	63,240	1,31,568	1,24,839	1,37,462	1,37,038	1,12,987	1,08,550	1,05,470
EBIT ¹	16,098	1,01,927	84,512	93,443	80,145	58,969	56,329	54,331
Net income ¹	9,791	80,786	29,524	29,933	28,107	35,276	33,640	31,342
Net Debt ¹	1,10,700	-	1,58,018	2,05,825	2,31,490	2,22,805	2,30,436	2,34,296
Reference price ²	827.00	770.00	958.50	957.00	1,295.00	1,380.00	1,380.00	1,380.00
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,	21x	3.08x	8.53x	3.45%	3.43TCr
GE VERNOVA INC.	30.27x	5.04x	36.76x	0.22%	25TCr
NEXTERA ENERGY	19.82x	8.8x	15.36x	3.12%	17TCr
IBERDROLA, S.A.	21.04x	4.3x	11.9x	3.36%	16TCr
CHINA YANGTZE POWER CO., LTD.	19.89x	11.15x	14.57x	3.52%	11TCr
SOUTHERN COMPANY	20.48x	5.91x	12.98x	3.33%	10TCr
ENEL S.P.A.	12.58x	1.86x	6.57x	5.62%	10TCr
CONSTELLATION ENERGY CORPORATION	21.77x	3.23x	13.44x	0.63%	9.61TCr
DUKE ENERGY CORPORATION	17.96x	5.57x	11.18x	3.59%	9.47TCr
AMERICAN ELECTRIC POWER COMPANY, INC.	19.76x	5.15x	12.58x	3.03%	6.92TCr
Average	20.46x	5.41x	14.39x	2.99%	11.79TCr
Weighted average by Cap.	21.63x	5.67x	17.45x	2.66%