CEZ, a. s.

SEP:CEZ Stock Report

Market Cap: Kč674.2b

CEZ a. s Future Growth

Future criteria checks 0/6

CEZ a. s's revenue and earnings are forecast to decline at 2.3% and 0.8% per annum respectively. EPS is expected to grow by 0.4% per annum. Return on equity is forecast to be 11.1% in 3 years.

Key information

-0.8%

Earnings growth rate

0.42%

EPS growth rate

Electric Utilities earnings growth7.4%
Revenue growth rate-2.3%
Future return on equity11.11%
Analyst coverage

Good

Last updated20 May 2026

Recent future growth updates

Recent updates

Analysis Article • Feb 12

CEZ, a. s. (SEP:CEZ) Shares Could Be 27% Below Their Intrinsic Value Estimate

Key Insights CEZ a. s' estimated fair value is Kč1,644 based on 2 Stage Free Cash Flow to Equity CEZ a. s' Kč1,199...
Analysis Article • Jan 28

CEZ a. s (SEP:CEZ) Shareholders Will Want The ROCE Trajectory To Continue

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • Dec 13

CEZ a. s (SEP:CEZ) Takes On Some Risk With Its Use Of Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Nov 27

CEZ, a. s.'s (SEP:CEZ) Shares May Have Run Too Fast Too Soon

CEZ, a. s.'s ( SEP:CEZ ) price-to-earnings (or "P/E") ratio of 23.7x might make it look like a sell right now compared...
Analysis Article • Nov 12

Calculating The Fair Value Of CEZ, a. s. (SEP:CEZ)

Key Insights CEZ a. s' estimated fair value is Kč1,268 based on 2 Stage Free Cash Flow to Equity CEZ a. s' Kč1,290...
Analysis Article • Sep 26

Investors Will Want CEZ a. s' (SEP:CEZ) Growth In ROCE To Persist

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article • Sep 11

CEZ a. s (SEP:CEZ) Takes On Some Risk With Its Use Of Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Aug 01

CEZ, a. s. (SEP:CEZ) Shares Could Be 25% Below Their Intrinsic Value Estimate

Key Insights CEZ a. s' estimated fair value is Kč1,675 based on 2 Stage Free Cash Flow to Equity CEZ a. s is estimated...
Analysis Article • Jun 16

Returns At CEZ a. s (SEP:CEZ) Are On The Way Up

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
Analysis Article • Jun 01

There's Reason For Concern Over CEZ, a. s.'s (SEP:CEZ) Price

CEZ, a. s.'s ( SEP:CEZ ) price-to-earnings (or "P/E") ratio of 22.3x might make it look like a sell right now compared...

Earnings and Revenue Growth Forecasts

SEP:CEZ - Analysts future estimates and past financials data (CZK Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2028290,18728,14035,00989,1984
12/31/2027296,92530,18518,52388,2059
12/31/2026305,02434,46933,751102,7819
3/31/2026322,30328,90210,19479,525N/A
12/31/2025330,68528,1071,47764,193N/A
9/30/2025338,01728,11617,30480,471N/A
6/30/2025346,18824,76141,787102,451N/A
3/31/2025346,36028,33258,851116,846N/A
12/31/2024340,51329,16370,319124,435N/A
9/30/2024334,35123,01360,995113,082N/A
6/30/2024330,11128,38723,43072,660N/A
3/31/2024330,76432,28653,16899,406N/A
12/31/2023336,76729,52492,726138,203N/A
9/30/2023319,90858,20988,027125,789N/A
6/30/2023324,25969,38259,71398,020N/A
3/31/2023303,88964,84913,86950,732N/A
12/31/2022285,53380,786-28,8565,092N/A
9/30/2022280,46455,5709,28846,113N/A
6/30/2022246,74041,99243,91277,276N/A
3/31/2022241,97428,09655,40287,059N/A
12/31/2021225,0149,79126,93059,156N/A
9/30/2021210,583-1,26314,23246,206N/A
6/30/2021212,176-7,56633,00864,595N/A
3/31/2021211,1863732,58864,519N/A
12/31/2020209,6455,43840,59972,157N/A
9/30/2020209,34114,19623,82654,446N/A
6/30/2020208,13215,45715,92746,132N/A
3/31/2020206,96418,3546,81636,397N/A
12/31/2019201,90714,373N/A42,931N/A
9/30/2019196,82514,774N/A39,352N/A
6/30/2019194,54316,171N/A42,184N/A
3/31/2019186,86313,030N/A37,913N/A
12/31/2018181,48710,327N/A35,351N/A
9/30/2018184,78611,656N/A46,183N/A
6/30/2018185,3039,960N/A43,325N/A
3/31/2018192,32317,317N/A50,297N/A
12/31/2017199,10718,765N/A45,812N/A
9/30/2017202,52015,939N/A44,640N/A
6/30/2017202,77716,966N/A46,657N/A
3/31/2017203,16112,974N/A46,469N/A
12/31/2016202,09614,281N/A48,953N/A
9/30/2016200,76818,519N/A63,282N/A
6/30/2016202,41018,993N/A69,796N/A
3/31/2016204,47323,100N/A72,657N/A
12/31/2015206,82120,739N/A72,579N/A
9/30/2015201,45219,252N/A61,376N/A
6/30/2015199,90620,506N/A62,902N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CEZ's earnings are forecast to decline over the next 3 years (-0.8% per year).

Earnings vs Market: CEZ's earnings are forecast to decline over the next 3 years (-0.8% per year).

High Growth Earnings: CEZ's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CEZ's revenue is expected to decline over the next 3 years (-2.3% per year).

High Growth Revenue: CEZ's revenue is forecast to decline over the next 3 years (-2.3% 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 (11.1%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/31 18:43
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

CEZ, a. s. is covered by 32 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kamil KliszczBiuro maklerskie mBanku
Olivier Van DoosselaereBNP Paribas
Benjamin LeyreBNP Paribas