CEZ, a. s.

LSE:0NZF Stock Report

Market Cap: Kč669.4b

CEZ a. s Valuation

Is 0NZF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of 0NZF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 0NZF (CZK1244.34) is trading below our estimate of future cash flow value (CZK1565.82)

Significantly Below Future Cash Flow Value: 0NZF is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0NZF?

Key metric: As 0NZF is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0NZF. This is calculated by dividing 0NZF's market cap by their current earnings.
What is 0NZF's PE Ratio?
PE Ratio23.2x
EarningsKč28.90b
Market CapKč669.40b

Price to Earnings Ratio vs Peers

How does 0NZF's PE Ratio compare to its peers?

The above table shows the PE ratio for 0NZF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.7x
SSE SSE
22.6x17.31%UK£28.9b
JEL Jersey Electricity
12.8x8.58%UK£137.9m
NG. National Grid
18.6x11.21%UK£60.2b
UU. United Utilities Group
16.6x6.93%UK£9.8b
0NZF CEZ a. s
23.2x-1.88%Kč669.4b

Price-To-Earnings vs Peers: 0NZF is expensive based on its Price-To-Earnings Ratio (23.2x) compared to the peer average (17.7x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does 0NZF's PE Ratio compare vs other companies in the European Electric Utilities Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0NZF 23.2xIndustry Avg. 16.2xNo. of Companies11PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0NZF is expensive based on its Price-To-Earnings Ratio (23.2x) compared to the European Electric Utilities industry average (16x).

Price to Earnings Ratio vs Fair Ratio

What is 0NZF's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0NZF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 0NZF's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0NZF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentKč1,244.34
Kč965.96
-22.37%
19.74%Kč1,250.00Kč600.00n/a12
Jun ’27Kč1,251.25
Kč935.13
-25.26%
18.30%Kč1,181.50Kč600.00n/a12
May ’27Kč1,197.29
Kč929.71
-22.35%
17.97%Kč1,181.50Kč600.00n/a12
Apr ’27Kč1,189.36
Kč922.21
-22.46%
18.13%Kč1,181.50Kč600.00n/a12
Mar ’27n/a
Kč905.38
0%
18.62%Kč1,181.50Kč600.00n/a12
Feb ’27n/a
Kč904.04
0%
17.63%Kč1,181.50Kč600.00n/a13
Jan ’27n/a
Kč898.54
0%
18.23%Kč1,181.50Kč600.00n/a12
Dec ’26n/a
Kč898.54
0%
18.23%Kč1,181.50Kč600.00n/a12
Nov ’26n/a
Kč869.20
0%
16.23%Kč1,104.00Kč600.00n/a12
Oct ’26Kč1,288.00
Kč869.20
-32.52%
16.23%Kč1,104.00Kč600.00n/a12
Sep ’26Kč1,244.00
Kč872.53
-29.86%
14.98%Kč1,104.00Kč670.00n/a12
Aug ’26Kč1,250.00
Kč881.86
-29.45%
15.09%Kč1,104.00Kč670.00n/a12
Jul ’26Kč1,229.00
Kč867.12
-29.44%
14.91%Kč1,104.00Kč670.00n/a11
Jun ’26Kč1,207.34
Kč875.12
-27.52%
13.49%Kč1,104.00Kč700.00Kč1,251.2511
May ’26n/a
Kč845.30
0%
11.41%Kč1,020.00Kč700.00Kč1,197.2911
Apr ’26n/a
Kč845.76
0%
11.32%Kč1,020.00Kč705.00Kč1,189.3611
Mar ’26n/a
Kč856.62
0%
14.74%Kč1,127.20Kč705.00n/a10
Feb ’26n/a
Kč869.32
0%
14.11%Kč1,127.20Kč705.00n/a11
Jan ’26n/a
Kč869.32
0%
14.11%Kč1,127.20Kč705.00n/a11
Dec ’25n/a
Kč848.33
0%
13.56%Kč1,025.91Kč650.00n/a11
Nov ’25n/a
Kč854.22
0%
14.37%Kč1,034.00Kč650.00n/a12
Oct ’25n/a
Kč851.88
0%
14.40%Kč1,034.00Kč650.00Kč1,288.0012
Sep ’25n/a
Kč849.43
0%
14.29%Kč1,034.00Kč650.00Kč1,244.0012
Aug ’25n/a
Kč847.76
0%
14.66%Kč1,034.00Kč630.00Kč1,250.0012
Jul ’25Kč874.00
Kč847.76
-3.00%
14.66%Kč1,034.00Kč630.00Kč1,229.0012
Jun ’25Kč948.50
Kč847.54
-10.64%
14.65%Kč1,034.00Kč630.00Kč1,207.3412
Kč963.9
Fair Value
29.1% overvalued intrinsic discount
12
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/12 19:42
End of Day Share Price 2026/06/12 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. 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
Olivier Van DoosselaereBNP Paribas
Benjamin LeyreBNP Paribas