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CEZ

CEZ a. sSEP:CEZ Stock Report

Market Cap

Kč392.5b

7D

-5.1%

1Y

66.8%

Updated

22 Oct, 2021

Data

Company Financials +
CEZ fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance0/6
Financial Health3/6
Dividends3/6

CEZ Overview

CEZ, a. s., an electricity generation company, engages in the production, distribution, trade, and sale of electricity and heat in Western, Central, and Southeastern Europe.

CEZ a. s Competitors

Price History & Performance

Summary of all time highs, changes and price drops for CEZ a. s
Historical stock prices
Current Share PriceKč733.00
52 Week HighKč439.50
52 Week LowKč837.00
Beta0.52
1 Month Change5.01%
3 Month Change23.82%
1 Year Change66.78%
3 Year Change39.62%
5 Year Change56.93%
Change since IPO601.13%

Recent News & Updates

Sep 25
CEZ a. s (SEP:CEZ) Has A Somewhat Strained Balance Sheet

CEZ a. s (SEP:CEZ) Has A Somewhat Strained Balance Sheet

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Sep 01
CEZ, a. s.'s (SEP:CEZ) Intrinsic Value Is Potentially 76% Above Its Share Price

CEZ, a. s.'s (SEP:CEZ) Intrinsic Value Is Potentially 76% Above Its Share Price

How far off is CEZ, a. s. ( SEP:CEZ ) from its intrinsic value? Using the most recent financial data, we'll take a look...

Jun 19
CEZ a. s' (SEP:CEZ) Shareholders Will Receive A Bigger Dividend Than Last Year

CEZ a. s' (SEP:CEZ) Shareholders Will Receive A Bigger Dividend Than Last Year

The board of CEZ, a. s. ( SEP:CEZ ) has announced that the dividend on 2nd of August will be increased to Kč52.00...

Shareholder Returns

CEZCZ Electric UtilitiesCZ Market
7D-5.1%2.1%-4.0%
1Y66.8%11.9%56.9%

Return vs Industry: CEZ exceeded the CZ Electric Utilities industry which returned 12.5% over the past year.

Return vs Market: CEZ exceeded the CZ Market which returned 57.9% over the past year.

Price Volatility

Is CEZ's price volatile compared to industry and market?
CEZ volatility
CEZ Beta0.52
Industry Beta0.68
Market Beta1

Stable Share Price: CEZ is not significantly more volatile than the rest of CZ stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CEZ's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199230,700Daniel Benešhttps://www.cez.cz

CEZ, a. s., an electricity generation company, engages in the production, distribution, trade, and sale of electricity and heat in Western, Central, and Southeastern Europe. The company operates through six segments: Generation-Traditional Energy, Generation-New Energy, Distribution, Sales, Mining, and Support Services. It operates two nuclear plants, sixteen hydroelectric plants, one combined cycle gas turbine plant, and eight fossil fuel plants in the Czech Republic.

CEZ a. s Fundamentals Summary

How do CEZ a. s's earnings and revenue compare to its market cap?
CEZ fundamental statistics
Market CapKč392.50b
Earnings (TTM)-Kč7.57b
Revenue (TTM)Kč212.17b

1.8x

P/S Ratio

-51.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CEZ income statement (TTM)
RevenueKč212.17b
Cost of RevenueKč117.97b
Gross ProfitKč94.20b
ExpensesKč101.77b
Earnings-Kč7.57b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 09, 2021

Earnings per share (EPS)-14.13
Gross Margin44.40%
Net Profit Margin-3.57%
Debt/Equity Ratio64.3%

How did CEZ perform over the long term?

See historical performance and comparison

Dividends

7.1%

Current Dividend Yield

-367%

Payout Ratio

Valuation

Is CEZ a. s undervalued compared to its fair value and its price relative to the market?

44.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CEZ (CZK733) is trading below our estimate of fair value (CZK1310.05)

Significantly Below Fair Value: CEZ is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CEZ is unprofitable, so we can't compare its PE Ratio to the European Electric Utilities industry average.

PE vs Market: CEZ is unprofitable, so we can't compare its PE Ratio to the CZ market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CEZ's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CEZ is overvalued based on its PB Ratio (2x) compared to the XE Electric Utilities industry average (1.1x).


Future Growth

How is CEZ a. s forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

22.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CEZ is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.4%).

Earnings vs Market: CEZ is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CEZ's is expected to become profitable in the next 3 years.

Revenue vs Market: CEZ's revenue (2.4% per year) is forecast to grow slower than the CZ market (4.2% per year).

High Growth Revenue: CEZ's revenue (2.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CEZ's Return on Equity is forecast to be low in 3 years time (11.4%).


Past Performance

How has CEZ a. s performed over the past 5 years?

-19.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CEZ is currently unprofitable.

Growing Profit Margin: CEZ is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CEZ is unprofitable, and losses have increased over the past 5 years at a rate of 19.2% per year.

Accelerating Growth: Unable to compare CEZ's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CEZ is unprofitable, making it difficult to compare its past year earnings growth to the Electric Utilities industry (22.6%).


Return on Equity

High ROE: CEZ has a negative Return on Equity (-3.72%), as it is currently unprofitable.


Financial Health

How is CEZ a. s's financial position?


Financial Position Analysis

Short Term Liabilities: CEZ's short term assets (CZK390.3B) do not cover its short term liabilities (CZK395.5B).

Long Term Liabilities: CEZ's short term assets (CZK390.3B) exceed its long term liabilities (CZK242.8B).


Debt to Equity History and Analysis

Debt Level: CEZ's debt to equity ratio (64.3%) is considered high.

Reducing Debt: CEZ's debt to equity ratio has increased from 61.3% to 64.3% over the past 5 years.

Debt Coverage: CEZ's debt is well covered by operating cash flow (48.8%).

Interest Coverage: CEZ's interest payments on its debt are well covered by EBIT (6.3x coverage).


Balance Sheet


Dividend

What is CEZ a. s's current dividend yield, its reliability and sustainability?

7.09%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CEZ's dividend (7.09%) is higher than the bottom 25% of dividend payers in the CZ market (3.06%).

High Dividend: CEZ's dividend (7.09%) is in the top 25% of dividend payers in the CZ market (6.05%)


Stability and Growth of Payments

Stable Dividend: CEZ's dividend payments have been volatile in the past 10 years.

Growing Dividend: CEZ's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: CEZ is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: CEZ's dividends in 3 years are not forecast to be well covered by earnings (91.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

12.9yrs

Average management tenure


CEO

Daniel Beneš (51 yo)

10.08yrs

Tenure

Engineer Daniel Beneš, MBA, has been the Chairman and Chief Executive Officer of CEZ, a.s. since September 15, 2011. Engineer Beneš served as the Chief Administration Officer of CEZ, a. s. and as its Chief...


Leadership Team

Experienced Management: CEZ's management team is seasoned and experienced (12.9 years average tenure).


Board Members

Experienced Board: CEZ's board of directors are considered experienced (4.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

CEZ, a. s.'s employee growth, exchange listings and data sources


Key Information

  • Name: CEZ, a. s.
  • Ticker: CEZ
  • Exchange: SEP
  • Founded: 1992
  • Industry: Electric Utilities
  • Sector: Utilities
  • Market Cap: Kč392.502b
  • Shares outstanding: 535.47m
  • Website: https://www.cez.cz

Number of Employees


Location

  • CEZ, a. s.
  • DuhovA 2/1444
  • Praha 4
  • Prague
  • 140 53
  • Czech Republic

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 21:00
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.