CEZ, a. s.

SEP:CEZ Stock Report

Market Cap: Kč748.9b

CEZ a. s Future Growth

Future criteria checks 0/6

CEZ a. s's revenue and earnings are forecast to decline at 3.6% and 1.2% per annum respectively. EPS is expected to decline by 0.8% per annum. Return on equity is forecast to be 12.1% in 3 years.

Key information

-1.2%

Earnings growth rate

-0.77%

EPS growth rate

Electric Utilities earnings growth7.4%
Revenue growth rate-3.6%
Future return on equity12.08%
Analyst coverage

Good

Last updated07 Sep 2026

Recent future growth updates

Analysis Article • Aug 14

Analysts Have Made A Financial Statement On CEZ, a. s.'s (SEP:CEZ) Interim Report

CEZ, a. s. ( SEP:CEZ ) last week reported its latest half-year results, which makes it a good time for investors to...

Recent updates

Narrative Update • Sep 08

CEZ: Reorganization Enthusiasm Will Likely Keep Shares Trading Above Fundamentals

Analysts have nudged their fair value estimate for CEZ a. s.
Analysis Article • Aug 14

Analysts Have Made A Financial Statement On CEZ, a. s.'s (SEP:CEZ) Interim Report

CEZ, a. s. ( SEP:CEZ ) last week reported its latest half-year results, which makes it a good time for investors to...
Narrative Update • Jul 24

CEZ: Reorganization Progress Will Support A More Constructive Forward Outlook

Analysts have lifted their fair value estimate for CEZ a. s.
Narrative Update • Jul 10

CEZ: Reorganization Optimism Will Likely Leave Shares Trading Above Fundamentals

Analysts have lifted their fair value estimate for CEZ a. s.
Narrative Update • Jun 26

CEZ: Reorganization And Nuclear Fuel Partnership Will Shape Measured Forward Outlook

Analysts have raised their price target for CEZ a. s.
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...

Earnings and Revenue Growth Forecasts

SEP:CEZ - Analysts future estimates and past financials data (CZK Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2028297,87529,55128,39387,7956
12/31/2027301,22432,44122,20791,1348
12/31/2026317,49334,54534,05298,5677
6/30/2026322,91328,89023,42890,181N/A
3/31/2026322,29328,90210,19479,525N/A
12/31/2025330,68528,1071,47764,193N/A
9/30/2025338,05028,07417,30480,471N/A
6/30/2025346,22124,71941,787102,451N/A
3/31/2025346,44028,33258,851116,846N/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
3/31/2020206,96418,354N/A36,397N/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

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CEZ's earnings are forecast to decline over the next 3 years (-1.2% per year).

Earnings vs Market: CEZ's earnings are forecast to decline over the next 3 years (-1.2% 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 (-3.6% per year).

High Growth Revenue: CEZ's revenue is forecast to decline over the next 3 years (-3.6% 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 (12.1%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/10 17:06
End of Day Share Price 2026/09/10 00:00
Earnings2026/06/30
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 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. 8 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
Benjamin LeyreBNP Paribas
Olivier Van DoosselaereBNP Paribas