Declared Dividend • 23m
Dividend reduced to RON0.48 Dividend of RON0.48 is 87% lower than last year. Ex-date: 9th July 2026 Payment date: 30th July 2026 Dividend yield will be 0.5%, which is lower than the industry average of 4.3%. Payout Ratios Payout ratio: 8%. Cash payout ratio: 27%. Announcement • May 07
CNTEE Transelectrica SA announces Annual dividend, payable on July 30, 2026 CNTEE Transelectrica SA announced Annual dividend of RON 0.4800 per share payable on July 30, 2026, ex-date on July 09, 2026 and record date on July 10, 2026. Reported Earnings • Apr 01
Full year 2025 earnings released: EPS: RON4.48 (vs RON7.91 in FY 2024) Full year 2025 results: EPS: RON4.48 (down from RON7.91 in FY 2024). Revenue: RON5.58b (down 29% from FY 2024). Net income: RON328.2m (down 43% from FY 2024). Profit margin: 5.9% (down from 7.3% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 54% per year, which means it is well ahead of earnings. Announcement • Mar 27
CNTEE Transelectrica SA, Annual General Meeting, Apr 29, 2026 CNTEE Transelectrica SA, Annual General Meeting, Apr 29, 2026, at 10:00 E. Europe Standard Time. Location: bucharest 3, str. olteni no. 2-4, platinum centre building, 11th floor, meeting room 1112, bucharest Romania Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to RON96.70, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 15x in the Electric Utilities industry in Europe. Total returns to shareholders of 345% over the past three years. Buy Or Sell Opportunity • Jan 20
Now 22% undervalued Over the last 90 days, the stock has risen 27% to RON80.70. The fair value is estimated to be RON103, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years, while earnings per share has been flat. Reported Earnings • Nov 20
Third quarter 2025 earnings released: RON0.19 loss per share (vs RON2.00 profit in 3Q 2024) Third quarter 2025 results: RON0.19 loss per share (down from RON2.00 profit in 3Q 2024). Revenue: RON1.25b (down 16% from 3Q 2024). Net loss: RON13.7m (down 109% from profit in 3Q 2024). Revenue is expected to decline by 2.7% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 3.0%. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to RON75.10, the stock trades at a trailing P/E ratio of 9.6x. Average forward P/E is 13x in the Electric Utilities industry in Europe. Total returns to shareholders of 382% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RON74.32 per share. Buy Or Sell Opportunity • Sep 25
Now 20% undervalued Over the last 90 days, the stock has risen 8.0% to RON59.40. The fair value is estimated to be RON74.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: RON1.42 (vs RON2.22 in 2Q 2024) Second quarter 2025 results: EPS: RON1.42 (down from RON2.22 in 2Q 2024). Revenue: RON1.52b (down 44% from 2Q 2024). Net income: RON104.4m (down 36% from 2Q 2024). Profit margin: 6.9% (up from 6.0% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is expected to decline by 3.2% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 2.8%. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Aug 14
Now 20% undervalued Over the last 90 days, the stock has risen 33% to RON59.10. The fair value is estimated to be RON74.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jul 10
Now 21% undervalued Over the last 90 days, the stock has risen 39% to RON60.60. The fair value is estimated to be RON76.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Upcoming Dividend • Jul 03
Upcoming dividend of RON3.81 per share Eligible shareholders must have bought the stock before 10 July 2025. Payment date: 31 July 2025. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 6.4%. Lower than top quartile of Romanian dividend payers (6.6%). Higher than average of industry peers (4.4%). Reported Earnings • May 18
First quarter 2025 earnings released: EPS: RON2.09 (vs RON1.42 in 1Q 2024) First quarter 2025 results: EPS: RON2.09 (up from RON1.42 in 1Q 2024). Revenue: RON1.41b (down 29% from 1Q 2024). Net income: RON153.2m (up 48% from 1Q 2024). Profit margin: 11% (up from 5.2% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is expected to decline by 5.8% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 33% per year. Announcement • May 02
CNTEE Transelectrica SA announces Annual dividend, payable on July 31, 2025 CNTEE Transelectrica SA announced Annual dividend of RON 3.8100 per share payable on July 31, 2025, ex-date on July 10, 2025 and record date on July 11, 2025. New Risk • Apr 10
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 112% Dividend yield: 5.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Declared Dividend • Mar 30
Dividend increased to RON2.12 Dividend of RON2.12 is 657% higher than last year. Ex-date: 5th June 2025 Payment date: 26th June 2025 Dividend yield will be 5.0%, which is higher than the industry average of 4.3%. Payout Ratios Payout ratio: 5%. Cash payout ratio: 15%. Announcement • Mar 28
CNTEE Transelectrica SA announces Annual dividend, payable on June 26, 2025 CNTEE Transelectrica SA announced Annual dividend of RON 2.1200 per share payable on June 26, 2025, ex-date on June 05, 2025 and record date on June 06, 2025. Announcement • Mar 27
CNTEE Transelectrica SA, Annual General Meeting, Apr 29, 2025 CNTEE Transelectrica SA, Annual General Meeting, Apr 29, 2025, at 10:00 E. Europe Standard Time. Location: bucharest 3, str. olteni no. 2-4, platinum centre building, 11th floor, meeting room 1112, Romania Reported Earnings • Mar 06
Full year 2024 earnings released: EPS: RON8.15 (vs RON2.97 in FY 2023) Full year 2024 results: EPS: RON8.15 (up from RON2.97 in FY 2023). Revenue: RON7.88b (up 67% from FY 2023). Net income: RON597.1m (up 175% from FY 2023). Profit margin: 7.6% (up from 4.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue is expected to decline by 13% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 3.0%. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Sep 11
Now 20% undervalued Over the last 90 days, the stock has risen 14% to RON41.50. The fair value is estimated to be RON52.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 48%. For the next 3 years, revenue is forecast to decline by 9.4% per annum. Earnings are forecast to grow by 9.0% per annum over the same time period. Upcoming Dividend • May 30
Upcoming dividend of RON0.28 per share Eligible shareholders must have bought the stock before 06 June 2024. Payment date: 27 June 2024. Payout ratio is a comfortable 9.4% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Romanian dividend payers (6.8%). Lower than average of industry peers (5.6%). Announcement • Jan 31
CNTEE Transelectrica SA to Report Fiscal Year 2023 Final Results on Apr 30, 2024 CNTEE Transelectrica SA announced that they will report fiscal year 2023 final results on Apr 30, 2024 Announcement • Jan 30
CNTEE Transelectrica SA to Report Fiscal Year 2023 Results on Mar 27, 2024 CNTEE Transelectrica SA announced that they will report fiscal year 2023 results on Mar 27, 2024 Major Estimate Revision • Jan 10
Consensus EPS estimates increase by 10,967% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from RON4.12b to RON4.40b. EPS estimate increased from RON0.03 to RON3.32 per share. Net income forecast to shrink 1.5% next year vs 9.0% decline forecast for Electric Utilities industry in Romania. Consensus price target up from RON22.60 to RON33.70. Share price rose 5.7% to RON31.50 over the past week. Price Target Changed • Jan 09
Price target increased by 58% to RON33.70 Up from RON21.30, the current price target is provided by 1 analyst. New target price is 10% above last closing price of RON30.50. Stock is up 33% over the past year. The company is forecast to post earnings per share of RON3.32 for next year compared to RON7.12 last year. Announcement • Sep 16
CNTEE Transelectrica SA, Annual General Meeting, Oct 18, 2023 CNTEE Transelectrica SA, Annual General Meeting, Oct 18, 2023, at 10:00 E. Europe Standard Time. Location: Bucharest 3, str. Olteni no. 2-4, PLATINUM Centre Building, 11th floor, Meeting room 1112, Bucharest Romania Agenda: To appointing the members in the Supervisory Board of the National Power Grid Company Transelectrica SA beginning with October 22, 2023; to Establishing the mandate duration for the NPG Transelectrica SA Supervisory Board members;n to Establishing the remuneration of Supervisory Board members; to Approving the form of the mandate contract to be concluded with Supervisory Board members and mandating the person that will sign such mandate contracts of Supervisory Board members on behalf of the Company; and to consider other matters if any. Reported Earnings • Aug 20
First half 2023 earnings released: EPS: RON2.24 (vs RON0.43 in 1H 2022) First half 2023 results: EPS: RON2.24 (up from RON0.43 in 1H 2022). Revenue: RON2.20b (down 16% from 1H 2022). Net income: RON164.1m (up 419% from 1H 2022). Profit margin: 7.5% (up from 1.2% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is expected to fall by 12% p.a. on average during the next 3 years compared to a 4.1% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jul 29
CNTEE Transelectrica SA, Annual General Meeting, Aug 18, 2023 CNTEE Transelectrica SA, Annual General Meeting, Aug 18, 2023, at 10:00 E. Europe Standard Time. Location: Bucharest 3, str. Olteni no. 2-4, PLATINUM Centre Building 11th floor, Meeting room 1112 Bucharest Romania Agenda: To consider informations regarding procurements of products, services and works, commitments involving the Company's important obligations with a value higher than 5,000,000 euro, as well as loans and loans securities with a value under 50,000,000 euro; to consider setting the date of September 11, 2023 as the registration date of the shareholders to which the effects of the Shareholders' General Ordinary Assembly's Decision apply; and to consider other matters. Upcoming Dividend • Jun 29
Upcoming dividend of RON0.71 per share at 2.8% yield Eligible shareholders must have bought the stock before 06 July 2023. Payment date: 27 July 2023. Payout ratio is a comfortable 10.0% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Romanian dividend payers (8.0%). Lower than average of industry peers (5.0%). Announcement • May 19
CNTEE Transelectrica SA, Annual General Meeting, Jun 19, 2023 CNTEE Transelectrica SA, Annual General Meeting, Jun 19, 2023, at 10:00 E. Europe Standard Time. Agenda: To consider and Appointing the members in the Supervisory Board of the National Power Grid Company Transelectrica SA beginning with June 22, 2023; to consider and Establishing the mandate duration for the NPG Transelectrica SA Supervisory Board members; to consider and Establishing the remuneration of Supervisory Board members; to consider and Approving the form of the mandate contract to be concluded with Supervisory Board members and mandating the person that will sing such mandate contracts of Supervisory Board members on behalf of the Company; and to consider other matter also. Announcement • Aug 27
CNTEE Transelectrica SA, Annual General Meeting, Sep 29, 2022 CNTEE Transelectrica SA, Annual General Meeting, Sep 29, 2022, at 10:00 E. Europe Standard Time. Agenda: to consider Amendment of the 2022 Revenue and Expense Budget of National Power Grid Company Transelectrica SA; to consider Presentation of the Supervisory Board Half-Yearly Report of National Power Grid Company Transelectrica S.A. on the administration activity; to consider Setting the date of October 21, 2022 as the registration date of the shareholders to which the effects of the Shareholders' General Ordinary Assembly's Decision apply. Announcement • Jul 20
CNTEE Transelectrica SA, Annual General Meeting, Aug 18, 2022 CNTEE Transelectrica SA, Annual General Meeting, Aug 18, 2022, at 10:00 E. Europe Standard Time. Location: str. Olteni,no. 2-4, PLATINUM Centre Building, 11th floor, Meeting room 1112, Bucharest Romania Agenda: To consider Approval of the form of the mandate contracts' addendum, extending the mandate of the provisional Supervisory Board members by two month; to consider to authorize the representative of the majority shareholder, the General Secretariat of the Government, to sign, on the company's behalf, the addenda to the mandate contracts of the provisional Supervisory Board members of NPG Co. Transelectrica S.A.; and to consider other matters. Reported Earnings • May 05
Full year 2021 earnings released: EPS: RON0.006 (vs RON1.95 in FY 2020) Full year 2021 results: EPS: RON0.006 (down from RON1.95 in FY 2020). Revenue: RON3.78b (up 58% from FY 2020). Net income: RON1.30m (down 99% from FY 2020). Profit margin: 0% (down from 6.0% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 5.8%, compared to a 2.3% growth forecast for the industry in Romania. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jul 12
Upcoming dividend of RON0.87 per share Eligible shareholders must have bought the stock before 19 July 2021. Payment date: 09 August 2021. Trailing yield: 3.5%. Lower than top quartile of Romanian dividend payers (5.7%). In line with average of industry peers (3.8%). Price Target Changed • Apr 29
Price target increased to RON22.22 Up from RON20.30, the current price target is provided by 1 analyst. New target price is 16% below last closing price of RON26.50. Stock is up 51% over the past year. Reported Earnings • Mar 29
Full year 2020 earnings released: EPS RON1.87 The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: RON2.39b (down 2.0% from FY 2019). Net income: RON137.6m (up 55% from FY 2019). Profit margin: 5.8% (up from 3.6% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Mar 20
CNTEE Transelectrica SA to Report Fiscal Year 2020 Results on Mar 25, 2021 CNTEE Transelectrica SA announced that they will report fiscal year 2020 results on Mar 25, 2021 Is New 90 Day High Low • Feb 06
New 90-day high: RON29.00 The company is up 20% from its price of RON24.10 on 06 November 2020. The Romanian market is also up 20% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Electric Utilities industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RON121 per share. Is New 90 Day High Low • Jan 21
New 90-day high: RON28.00 The company is up 20% from its price of RON23.40 on 23 October 2020. The Romanian market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RON121 per share. Is New 90 Day High Low • Dec 29
New 90-day high: RON25.60 The company is up 10.0% from its price of RON23.30 on 30 September 2020. The Romanian market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electric Utilities industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RON12.73 per share. Is New 90 Day High Low • Nov 09
New 90-day high: RON25.10 The company is up 13% from its price of RON22.30 on 11 August 2020. The Romanian market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is RON10.66 per share.