CEZ, a. s.

SEP:CEZ Stock Report

Market Cap: Kč686.0b

CEZ a. s Future Growth

Future criteria checks 0/6

CEZ a. s's revenue is forecast to decline at 4.3% per annum while its annual earnings are expected to grow at 3.6% per year. EPS is expected to grow by 2.9% per annum. Return on equity is forecast to be 11.9% in 3 years.

Key information

3.6%

Earnings growth rate

2.85%

EPS growth rate

Electric Utilities earnings growth6.0%
Revenue growth rate-4.3%
Future return on equity11.85%
Analyst coverage

Good

Last updated04 Dec 2025

Recent future growth updates

Recent updates

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

Dec 13
CEZ a. s (SEP:CEZ) Takes On Some Risk With Its Use Of Debt

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

Nov 27
CEZ, a. s.'s (SEP:CEZ) Shares May Have Run Too Fast Too Soon

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

Nov 12
Calculating The Fair Value Of CEZ, a. s. (SEP:CEZ)

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

Sep 26
Investors Will Want CEZ a. s' (SEP:CEZ) Growth In ROCE To Persist

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

Sep 11
CEZ a. s (SEP:CEZ) Takes On Some Risk With Its Use Of Debt

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

Aug 01
CEZ, a. s. (SEP:CEZ) Shares Could Be 25% Below Their Intrinsic Value Estimate

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

Jun 16
Returns At CEZ a. s (SEP:CEZ) Are On The Way Up

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

Jun 01
There's Reason For Concern Over CEZ, a. s.'s (SEP:CEZ) Price

CEZ, a. s.'s (SEP:CEZ) Intrinsic Value Is Potentially 49% Above Its Share Price

Apr 14
CEZ, a. s.'s (SEP:CEZ) Intrinsic Value Is Potentially 49% Above Its Share Price

CEZ, a. s.'s (SEP:CEZ) Share Price Could Signal Some Risk

Feb 14
CEZ, a. s.'s (SEP:CEZ) Share Price Could Signal Some Risk

CEZ a. s (SEP:CEZ) Is Looking To Continue Growing Its Returns On Capital

Jan 30
CEZ a. s (SEP:CEZ) Is Looking To Continue Growing Its Returns On Capital

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

Dec 30
CEZ a. s (SEP:CEZ) Takes On Some Risk With Its Use Of Debt

Earnings and Revenue Growth Forecasts

SEP:CEZ - Analysts future estimates and past financials data (CZK Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/2027290,11729,81026,59791,4529
12/31/2026300,30235,21234,29893,7399
12/31/2025330,50128,12221,04779,8139
9/30/2025338,09728,84417,30480,471N/A
6/30/2025346,26825,48941,787102,451N/A
3/31/2025346,44029,06058,851116,846N/A
12/31/2024340,51329,93370,319124,435N/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
12/31/2019201,90714,37313,12942,931N/A
9/30/2019196,82514,7749,37539,352N/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
3/31/2015198,31920,006N/A70,168N/A
12/31/2014195,57622,403N/A70,675N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CEZ's forecast earnings growth (3.6% per year) is below the savings rate (3.7%).

Earnings vs Market: CEZ's earnings (3.6% per year) are forecast to grow slower than the CZ market (3.7% per year).

High Growth Earnings: CEZ's earnings are forecast to grow, but not significantly.

Revenue vs Market: CEZ's revenue is expected to decline over the next 3 years (-4.3% per year).

High Growth Revenue: CEZ's revenue is forecast to decline over the next 3 years (-4.3% 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 (11.9%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/14 19:04
End of Day Share Price 2025/12/12 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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 34 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
Benjamin LeyreBNP Paribas
Olivier Van DoosselaereBNP Paribas