Valuation CEZ,

Stocks

Real-time Estimate Cboe Europe 11:10:00 2026-10-29 am EDT			5-day change	1st Jan Change
1,362.00 ^CZK	-0.44%		-1.16%	+5.64%

Oct. 27	Czech Republic looks to double gas supply from Algeria	RE
Oct. 07	Slovakia to acquire CEZ's stake in nuclear company Jess under plan to build new plant	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	746,166	-	-
Change	-	-6.67%	24.5%	-0.16%	35.32%	7.34%	-	-
Enterprise Value (EV) ¹	553,537	413,283	672,551	719,552	926,659	968,865	975,990	979,530
Change	-	-25.34%	62.73%	6.99%	28.78%	4.55%	0.74%	0.36%
P/E	45.2x	5.12x	17.4x	17.2x	24.7x	21.1x	21.9x	24.1x
PBR	2.76x	-	2.11x	2.15x	2.88x	2.92x	2.87x	2.81x
PEG	-	0x	-0.3x	11.83x	-4.05x	0.8x	-6.22x	-2.58x
Capitalization / Revenue	1.94x	1.43x	1.51x	1.49x	2.09x	2.38x	2.42x	2.44x
EV / Revenue	2.43x	1.43x	1.97x	2.09x	2.78x	3.09x	3.17x	3.2x
EV / EBITDA	8.75x	3.14x	5.39x	5.23x	6.76x	8.57x	8.95x	9.23x
EV / EBIT	34.4x	4.05x	7.96x	7.7x	11.6x	16.4x	17.9x	17.8x
EV / FCF	20.2x	-	7.25x	10.2x	36.7x	28.5x	44x	34.5x
FCF Yield	4.95%	-	13.8%	9.77%	2.72%	3.51%	2.28%	2.9%
Dividend per Share ²	44	-	52	47	47	47.75	50.99	46.57
Rate of return	5.32%	-	5.43%	4.91%	3.63%	3.44%	3.67%	3.35%
EPS ²	18.3	150.5	55	55.8	52.4	65.86	63.54	57.6
Distribution rate	240%	-	94.5%	84.2%	89.7%	72.5%	80.2%	80.9%
Net sales ¹	227,793	288,485	340,585	344,709	333,388	313,361	307,705	305,868
EBITDA ¹	63,240	131,568	124,839	137,462	137,038	113,083	109,079	106,073
EBIT ¹	16,098	101,927	84,512	93,443	80,145	59,065	54,646	55,035
Net income ¹	9,791	80,786	29,524	29,933	28,107	35,368	34,066	32,037
Net Debt ¹	110,700	-	158,018	205,825	231,490	222,699	229,824	233,364
Reference price ²	827.00	770.00	958.50	957.00	1,295.00	1,390.00	1,390.00	1,390.00
Nbr of stocks (in thousands)	535,474	536,731	536,810	536,810	536,810	536,810	-	-
Announcement Date	3/15/22	3/21/23	3/21/24	3/13/25	3/12/26	-	-	-

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,	21.11x	3.09x	8.57x	3.44%	34.14B
GE VERNOVA INC.	28.68x	4.8x	35.02x	0.23%	234B
NEXTERA ENERGY	19.85x	9.01x	15.94x	3.06%	170B
IBERDROLA, S.A.	20.83x	4.44x	12.21x	3.32%	164B
CHINA YANGTZE POWER CO., LTD.	19.99x	11.2x	14.67x	3.5%	108B
SOUTHERN COMPANY	20.81x	5.89x	12.95x	3.32%	105B
ENEL S.P.A.	12.8x	1.87x	6.64x	5.54%	103B
DUKE ENERGY CORPORATION	18.29x	5.6x	11.28x	3.52%	96.35B
CONSTELLATION ENERGY CORPORATION	20.81x	3.12x	12.9x	0.66%	91.44B
AMERICAN ELECTRIC POWER COMPANY, INC.	19.92x	5.31x	12.56x	2.99%	69.79B
Average	20.31x	5.43x	14.27x	2.96%	117.56B
Weighted average by Cap.	21.21x	5.70x	16.98x	2.67%