CEZ a. s (SEP:CEZ) Shareholders Will Want The ROCE Trajectory To Continue
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Czech (PX) Market Analysis & Valuation
UpdatedFeb 02, 2026
DataAggregated Company Financials
Companies26
- 7D-0.3%
- 3M-1.1%
- 1Y22.4%
- YTD-2.8%
Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. As for the longer term, the market has risen 22% in the past 12 months. Looking forward, earnings are forecast to grow by 4.6% annually.
Market Valuation and Performance
Has the Czech Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 02 Feb 2026 | Kč1.1t | Kč463.3b | Kč61.1b | 20.3x | 18.5x | 2.4x |
| Wed, 31 Dec 2025 | Kč1.2t | Kč463.3b | Kč61.1b | 20.6x | 18.9x | 2.5x |
| Fri, 28 Nov 2025 | Kč1.1t | Kč463.3b | Kč61.1b | 20.6x | 18.7x | 2.5x |
| Sun, 26 Oct 2025 | Kč1.1t | Kč473.0b | Kč58.9b | 22.7x | 19.2x | 2.4x |
| Tue, 23 Sep 2025 | Kč1.1t | Kč472.3b | Kč58.9b | 21.3x | 18.8x | 2.3x |
| Thu, 21 Aug 2025 | Kč1.1t | Kč473.1b | Kč58.9b | 18.4x | 18.3x | 2.3x |
| Sat, 19 Jul 2025 | Kč1.1t | Kč472.0b | Kč61.2b | 18.2x | 17.4x | 2.3x |
| Mon, 16 Jun 2025 | Kč1.1t | Kč469.3b | Kč61.6b | 17.6x | 17.1x | 2.2x |
| Wed, 14 May 2025 | Kč1.0t | Kč461.2b | Kč62.1b | 15.8x | 16.9x | 2.3x |
| Fri, 11 Apr 2025 | Kč1.0t | Kč459.7b | Kč60.5b | 15.2x | 16.8x | 2.2x |
| Sun, 09 Mar 2025 | Kč965.0b | Kč450.2b | Kč53.2b | 16.7x | 18.1x | 2.1x |
| Tue, 04 Feb 2025 | Kč929.3b | Kč442.8b | Kč51.2b | 13.5x | 18.1x | 2.1x |
| Thu, 02 Jan 2025 | Kč853.1b | Kč442.3b | Kč50.9b | 13.1x | 16.8x | 1.9x |
| Sat, 30 Nov 2024 | Kč844.1b | Kč443.2b | Kč51.1b | 12.7x | 16.5x | 1.9x |
| Mon, 28 Oct 2024 | Kč815.5b | Kč435.7b | Kč54.6b | 13.2x | 14.9x | 1.9x |
| Wed, 25 Sep 2024 | Kč773.3b | Kč434.6b | Kč54.4b | 13.3x | 14.2x | 1.8x |
| Fri, 23 Aug 2024 | Kč778.4b | Kč431.3b | Kč54.3b | 13.3x | 14.3x | 1.8x |
| Sun, 21 Jul 2024 | Kč804.9b | Kč432.9b | Kč59.1b | 13.4x | 13.6x | 1.9x |
| Tue, 18 Jun 2024 | Kč803.5b | Kč432.9b | Kč59.0b | 13.4x | 13.6x | 1.9x |
| Thu, 16 May 2024 | Kč791.5b | Kč432.1b | Kč59.3b | 12.3x | 13.3x | 1.8x |
| Sat, 13 Apr 2024 | Kč787.6b | Kč438.5b | Kč57.1b | 13.5x | 13.8x | 1.8x |
| Mon, 11 Mar 2024 | Kč751.5b | Kč421.0b | Kč86.3b | 11.8x | 8.7x | 1.8x |
| Wed, 07 Feb 2024 | Kč758.9b | Kč422.8b | Kč87.6b | 11.5x | 8.7x | 1.8x |
| Fri, 05 Jan 2024 | Kč806.9b | Kč420.1b | Kč87.5b | 11.4x | 9.2x | 1.9x |
| Sun, 03 Dec 2023 | Kč793.0b | Kč420.1b | Kč87.5b | 11.4x | 9.1x | 1.9x |
| Tue, 31 Oct 2023 | Kč799.6b | Kč423.8b | Kč98.6b | 11.5x | 8.1x | 1.9x |
| Thu, 28 Sep 2023 | Kč791.5b | Kč423.7b | Kč98.2b | 21.5x | 8.1x | 1.9x |
| Sat, 26 Aug 2023 | Kč782.9b | Kč421.7b | Kč98.3b | 16.7x | 8x | 1.9x |
| Mon, 24 Jul 2023 | Kč756.6b | Kč400.4b | Kč94.4b | 11.8x | 8x | 1.9x |
| Wed, 21 Jun 2023 | Kč826.4b | Kč400.5b | Kč94.2b | 10.3x | 8.8x | 2.1x |
| Fri, 19 May 2023 | Kč815.3b | Kč400.2b | Kč94.2b | 10.2x | 8.7x | 2x |
| Sun, 16 Apr 2023 | Kč924.9b | Kč382.7b | Kč110.1b | 10.4x | 8.4x | 2.4x |
| Tue, 14 Mar 2023 | Kč806.0b | Kč374.8b | Kč84.0b | 12x | 9.6x | 2.2x |
| Thu, 09 Feb 2023 | Kč788.0b | Kč372.4b | Kč83.5b | 10.6x | 9.4x | 2.1x |
Price to Earnings Ratio
9.4x
Current Market PE
- Investors are optimistic on the Czech market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 18.5x which is higher than its 3-year average PE of 13.5x.
Past Earnings Growth
- The earnings for Czech listed companies have declined 9.9% per year over the last three years.
- Meanwhile revenues for these companies have grown 7.5% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Sector Trends
Which sectors have driven the changes within the Czech Market?
| CZ Market | -0.33% | |
| Consumer Discretionary | 1.60% | |
| Financials | 1.13% | |
| Consumer Staples | 1.13% | |
| Materials | 0.84% | |
| Real Estate | 0% | 0 |
| Telecom | 0% | 0 |
| Industrials | -0.25% | |
| Utilities | -1.28% | |
| Tech | -1.96% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 101x.
- It looks like investors are confident that earnings will grow faster in the future than they have historically.
- The Financials sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 9.9x.
Forecasted Growth
- Analysts are most optimistic on the Industrials sector, expecting annual earnings growth of 46% over the next 5 years.
- This is better than its past earnings growth rate of 9.3% per year.
- In contrast, the Financials industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| KOMB Komercní banka | Kč1.25k | 1.0% +Kč2.3b | 41.6% | PB1.9x | Financials | |
| MONET MONETA Money Bank | Kč206.00 | 1.5% +Kč1.5b | 50.6% | PB3.3x | Financials | |
| TABAK Philip Morris CR | Kč20.15k | 1.3% +Kč686.3m | 17.2% | PE17.9x | Consumer Staples | |
| CZG Colt CZ Group | Kč833.00 | 0.1% +Kč62.6m | 19.9% | PE31.4x | Industrials | |
| SABFG SAB Finance | Kč1.08k | 1.9% +Kč61.0m | 2.9% | PE14.8x | Financials |
