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

CEZ Stock Overview

CEZ, a. s. 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	2/6
Future Growth	0/6
Past Performance	2/6
Financial Health	3/6
Dividends	4/6

Rewards

Trading at 20.9% below our estimate of its fair value

Risk Analysis

Earnings are forecast to decline by an average of 1.3% per year for the next 3 years

Profit margins (8.8%) are lower than last year (28.3%)

Dividend of 16.59% is not well covered by earnings

Has a high level of debt

CEZ, a. s. Competitors

TAURON Polska Energia

WSE:TPE

zł5.1b

Energa

WSE:ENG

zł3.9b

ZE PAK

WSE:ZEP

zł980.9m

PPL

NYSE:PPL

US$19.6b

Price History & Performance

Summary of all time highs, changes and price drops for CEZ a. s
Historical stock prices
Current Share Price	Kč150.60
52 Week High	Kč237.40
52 Week Low	Kč135.00
Beta	0.36
1 Month Change	-1.05%
3 Month Change	-8.00%
1 Year Change	-30.92%
3 Year Change	43.98%
5 Year Change	70.17%
Change since IPO	23.85%

Recent updates

Shareholder Returns

	CEZ	PL Electric Utilities	PL Market
7D	5.3%	-5.6%	-3.1%
1Y	-30.9%	6.3%	24.0%

Return vs Industry: CEZ underperformed the Polish Electric Utilities industry which returned 6.3% over the past year.

Return vs Market: CEZ underperformed the Polish Market which returned 24% over the past year.

Price Volatility

Is CEZ's price volatile compared to industry and market?
CEZ volatility
CEZ Average Weekly Movement	4.0%
Electric Utilities Industry Average Movement	5.1%
Market Average Movement	5.0%
10% most volatile stocks in PL Market	9.6%
10% least volatile stocks in PL Market	3.1%

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

Volatility Over Time: CEZ's weekly volatility (4%) 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	zł80.50b
Earnings (TTM)	zł5.07b
Revenue (TTM)	zł57.78b

15.9x

P/E Ratio

1.4x

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	Kč336.78b
Cost of Revenue	Kč176.07b
Gross Profit	Kč160.71b
Other Expenses	Kč131.18b
Earnings	Kč29.52b

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

Apr 30, 2024

Earnings per share (EPS)	55.00
Gross Margin	47.72%
Net Profit Margin	8.77%
Debt/Equity Ratio	67.3%

How did CEZ perform over the long term?

See historical performance and comparison

Dividends

16.6%

Current Dividend Yield

134%

Payout Ratio

CEZ Stock Overview

Rewards

Risk Analysis

CEZ, a. s. Competitors

WSE:TPE

zł5.1b

WSE:ENG

zł3.9b

WSE:ZEP

zł980.9m

NYSE:PPL

US$19.6b

Price History & Performance

Recent News & Updates

Now 21% undervalued after recent price drop

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.

Now 22% undervalued after recent price drop

CEZ, a. s. to Report First Half, 2024 Results on Sep 02, 2024

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

Recent updates

Now 21% undervalued after recent price drop

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.

Now 22% undervalued after recent price drop

CEZ, a. s. to Report First Half, 2024 Results on Sep 02, 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

Upcoming dividend of Kč117 per share at 11% yield

Investor sentiment deteriorates as stock falls 16%

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

Now 21% undervalued

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 Kč51.00 per share

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

Investor sentiment improved over the past week

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)

New 90-day high: zł95.40

CEZ Interested in Buying Vodafone Czech

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

New 90-day high: zł90.20

New 90-day high: zł83.60

Revenue misses expectations

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

New 90-day high: zł80.70

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

Revenue misses expectations

Deadline to Submit Initial Offers to Buy CEZ Assets

New 90-day low: zł72.10

PGE Interested in Buying Some of Local Assets of CEZ

New 90-day low: zł73.20

New 90-day low - zł75.00

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.

New 90-day low - zł76.20

Shareholder Returns

Price Volatility

About the Company