CEZ a. s (DB:CEZ) - Stock Price, News & Analysis

CEZ Stock Overview

Engages in the generation, distribution, trade, and sale of electricity and heat in Western, Central, and Southeastern Europe.

About the company

CEZ fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	2/6
Financial Health	3/6
Dividends	3/6

Rewards

Trading at 42.8% below our estimate of its fair value

Earnings are forecast to grow 3.71% per year

Risk Analysis

Dividend of 5.78% is not well covered by earnings or free cash flows

Has a high level of debt

Profit margins (8.6%) are lower than last year (21.4%)

CEZ, a. s. Competitors

EnBW Energie Baden-Württemberg

XTRA:EBK

€17.9b

Lechwerke

DB:LEC

€2.5b

RWE

XTRA:RWE

€22.9b

E.ON

XTRA:EOAN

€31.4b

Price History & Performance

Summary of all time highs, changes and price drops for CEZ a. s
Historical stock prices
Current Share Price	Kč35.66
52 Week High	Kč41.20
52 Week Low	Kč31.40
Beta	0.35
11 Month Change	6.26%
3 Month Change	1.25%
1 Year Change	-10.63%
33 Year Change	21.05%
5 Year Change	78.75%
Change since IPO	795.96%

Recent updates

Shareholder Returns

	CEZ	DE Electric Utilities	DE Market
7D	-0.2%	-2.7%	1.1%
1Y	-10.6%	3.9%	13.5%

Return vs Industry: CEZ underperformed the German Electric Utilities industry which returned 3.5% over the past year.

Return vs Market: CEZ underperformed the German Market which returned 12.9% over the past year.

Price Volatility

Is CEZ's price volatile compared to industry and market?
CEZ volatility
CEZ Average Weekly Movement	2.4%
Electric Utilities Industry Average Movement	3.0%
Market Average Movement	4.7%
10% most volatile stocks in DE Market	10.8%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: CEZ has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: CEZ's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1992	30,600	Daniel Benes	www.cez.cz

CEZ, a. s. engages in the generation, distribution, trade, and sale of electricity and heat in Western, Central, and Southeastern Europe. The company operates through four segments: Generation, Distribution, Sales, and Mining. It operates hydro, wind, solar, nuclear, coal, natural gas, biogas, and biomass power plants; and combined cycle gas turbine plant and small combined heat and power units.

CEZ, a. s. Fundamentals Summary

How do CEZ a. s's earnings and revenue compare to its market cap?
CEZ fundamental statistics
Market cap	€19.07b
Earnings (TTM)	€1.12b
Revenue (TTM)	€13.03b

17.0x

P/E Ratio

1.5x

P/S Ratio

Is CEZ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CEZ income statement (TTM)
Revenue	Kč330.15b
Cost of Revenue	Kč167.99b
Gross Profit	Kč162.16b
Other Expenses	Kč133.77b
Earnings	Kč28.39b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Nov 12, 2024

Earnings per share (EPS)	52.88
Gross Margin	49.12%
Net Profit Margin	8.60%
Debt/Equity Ratio	67.1%

How did CEZ perform over the long term?

See historical performance and comparison

Dividends

5.8%

Current Dividend Yield

98%

Payout Ratio

CEZ Stock Overview

Rewards

Risk Analysis

CEZ, a. s. Competitors

XTRA:EBK

€17.9b

DB:LEC

€2.5b

XTRA:RWE

€22.9b

XTRA:EOAN

€31.4b

Price History & Performance

Recent News & Updates

CEZ, a. s. (SEP:CEZ) acquired unknown minority stake in Rolls-Royce SMR Ltd.

CEZ, a. s. (SEP:CEZ) completed the acquisition of 55.21% stake in Czech Grid Holding, a.s. from Macquarie Asset Management Inc.

New minor risk - Financial position

Second quarter 2024 earnings released: EPS: Kč14.10 (vs Kč21.31 in 2Q 2023)

CEZ, a. s., Annual General Meeting, Jun 24, 2024

New minor risk - Financial position

Recent updates

CEZ, a. s. (SEP:CEZ) acquired unknown minority stake in Rolls-Royce SMR Ltd.

CEZ, a. s. (SEP:CEZ) completed the acquisition of 55.21% stake in Czech Grid Holding, a.s. from Macquarie Asset Management Inc.

New minor risk - Financial position

Second quarter 2024 earnings released: EPS: Kč14.10 (vs Kč21.31 in 2Q 2023)

CEZ, a. s., Annual General Meeting, Jun 24, 2024

New minor risk - Financial position

First quarter 2024 earnings released: EPS: Kč25.20 (vs Kč20.10 in 1Q 2023)

Now 21% undervalued

No independent directors

Full year 2023 earnings released: EPS: Kč55.00 (vs Kč151 in FY 2022)

CEZ, a. s. (SEP:CEZ) agreed to acquire 55.21% stake in Czech Grid Holding, a.s. from Macquarie Asset Management Inc. for an enterprise value of €4 billion.

CEZ, a. s. to Report Fiscal Year 2023 Results on Mar 21, 2024

Third quarter 2023 earnings released: EPS: Kč14.00 (vs Kč34.80 in 3Q 2022)

CEZ, a. s. to Report Q3, 2023 Results on Nov 09, 2023

Second quarter 2023 earnings released: EPS: Kč21.30 (vs Kč12.90 in 2Q 2022)

CEZ, a. s. to Report Q2, 2023 Results on Aug 10, 2023

Now 22% undervalued after recent price drop

Upcoming dividend of Kč117 per share at 11% yield

Investor sentiment deteriorates as stock falls 18%

First quarter 2023 earnings released: EPS: Kč20.10 (vs Kč49.83 in 1Q 2022)

CEZ, a. s., Annual General Meeting, Jun 26, 2023

CEZ, a. s. to Report Q1, 2023 Results on May 11, 2023

Full year 2022 earnings released: EPS: Kč151 (vs Kč18.26 in FY 2021)

CEZ, a. s. to Report Fiscal Year 2022 Results on Mar 21, 2023

Investor sentiment improves as stock rises 17%

CEZ, a. s. to Report First Half, 2023 Results on Aug 31, 2023

No independent directors

Third quarter 2022 earnings released: EPS: Kč34.80 (vs Kč9.60 in 3Q 2021)

Investor sentiment deteriorated over the past week

Torunlar Enerji Sanayi Ve Tic.A.S. and Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A.S. (IBSE:BASGZ) agreed to acquire 50% stake in Akcez Enerji A.S. from CEZ, a. s. (SEP:CEZ).

Investor sentiment deteriorated over the past week

Upcoming dividend of Kč44.00 per share

CEZ, a. s. (SEP:CEZ) acquired SKODA JS a.s. from OMZ B.V.

First quarter 2022 earnings released: EPS: Kč49.80 (vs Kč15.70 in 1Q 2021)

CEZ, a. s., Annual General Meeting, Jun 28, 2022

No independent directors

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

CEZ, a. s. (SEP:CEZ) completed the acquisition of BELECTRIC Solar & Battery Holding GmbH from RWE Renewables GmbH.

CEZ, a. s. (SEP:CEZ) agreed to acquire BELECTRIC Solar & Battery Holding GmbH from RWE Renewables GmbH.

Third quarter 2021 earnings released: EPS Kč9.60 (vs Kč2.20 loss in 3Q 2020)

Second quarter 2021 earnings released: Kč13.00 loss per share (vs Kč1.20 profit in 2Q 2020)

Upcoming dividend of Kč52.00 per share

CEZ, a.s. Proposes Dividend

First quarter 2021 earnings released: EPS Kč15.70 (vs Kč25.44 in 1Q 2020)

Full year 2020 earnings released: EPS Kč10.16 (vs Kč26.85 in FY 2019)

CEZ Interested in Buying Vodafone Czech

CEZ, a. s. to Report Q1, 2021 Results on May 11, 2021

New 90-day high: €19.62

New 90-day high: €18.30

Revenue misses expectations

Third quarter 2020 earnings released: Kč2.20 loss per share

Third quarter 2020 earnings released: Kč2.20 loss per share

Revenue misses expectations

Deadline to Submit Initial Offers to Buy CEZ Assets

PGE Interested in Buying Some of Local Assets of CEZ

New 90-day low: €16.00

New 90-day low - €16.66

Earnings released

CEZ, a. s. (SEP:CEZ) acquired remaining 49% stake in CEZ LDS, s.r.o from OIG Energy S.R.O and others.