Valuation CEZ,

Stocks

Real-time Estimate Cboe Europe 10:15:10 03/09/2026 +03			5-day change	1st Jan Change
1,364.50 ^CZK	-0.18%		-1.23%	+5.56%

08-11	CEZ, a. s., H1 2026 Earnings Call, Aug 11, 2026
08-11	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	442,837	413,283	514,533	513,727	695,169	733,820	-	-
Change	-	-6.67%	24.5%	-0.16%	35.32%	5.56%	-	-
Enterprise Value (EV) ¹	553,537	413,283	672,551	719,552	926,659	955,235	964,282	967,593
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	227,793	288,485	340,585	344,709	333,388	322,235	300,849	296,250
EBITDA ¹	63,240	131,568	124,839	137,462	137,038	111,901	105,597	102,773
EBIT ¹	16,098	101,927	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	110,700	-	158,018	205,825	231,490	221,415	230,463	233,774
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)	535,474	536,731	536,810	536,810	536,810	536,810	-	-
Announcement Date	3/15/22 A	3/21/23 A	3/21/24 A	3/13/25 A	3/12/26 A	-	-	-

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,	21.78x	2.96x	8.54x	3.36%	35.17B
GE VERNOVA INC.	29.99x	5.04x	36.89x	0.22%	246B
NEXTERA ENERGY	20.64x	9.02x	15.41x	2.97%	173B
IBERDROLA, S.A.	19.43x	4.01x	11.06x	3.69%	148B
ENEL S.P.A.	12.41x	1.83x	6.5x	5.71%	104B
SOUTHERN COMPANY	19.76x	5.81x	12.73x	3.44%	102B
CONSTELLATION ENERGY CORPORATION	22.83x	3.49x	14.18x	0.59%	103B
DUKE ENERGY CORPORATION	17.87x	5.55x	11.17x	3.61%	94B
AMERICAN ELECTRIC POWER COMPANY, INC.	19.2x	5.11x	12.35x	3.11%	67.27B
DOMINION ENERGY, INC.	18.42x	6.22x	13.06x	4.04%	58.09B
Average	20.23x	4.90x	14.19x	3.07%	112.92B
Weighted average by Cap.	21.48x	5.19x	17.47x	2.67%