OTCPK:CEZY.Y

Stock Analysis Report

Executive Summary

CEZ, a. s., an electricity generation company, engages in the production, distribution, trade, and sale of electricity and heat in Western, Central, and Southeastern Europe.

Snowflake

Fundamentals

Adequate balance sheet average dividend payer.


Similar Companies

Share Price & News

How has CEZ a. s's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:CEZY.Y

0.4%

US Electric Utilities

-0.3%

US Market


1 Year Return

n/a

OTCPK:CEZY.Y

15.8%

US Electric Utilities

3.9%

US Market

No trading data on CEZY.Y.

No trading data on CEZY.Y.


Share holder returns

CEZY.YIndustryMarket
7 Day0%0.4%-0.3%
30 Day0%2.2%2.3%
90 Day0%6.9%2.3%
1 Yearn/a19.8%15.8%6.2%3.9%
3 Yearn/a29.6%16.5%46.4%36.7%
5 Yearn/a74.2%44.2%59.6%41.8%

Price Volatility Vs. Market

How volatile is CEZ a. s's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is CEZ a. s undervalued based on future cash flows and its price relative to the stock market?

46%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

CEZ a. s's share price is below the future cash flow value, and at a moderate discount (> 20%).

CEZ a. s's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

CEZ a. s is overvalued based on earnings compared to the US Electric Utilities industry average.

CEZ a. s is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

CEZ a. s is poor value based on expected growth next year.


Price Based on Value of Assets

CEZ a. s is good value based on assets compared to the US Electric Utilities industry average.


Next Steps

Future Growth

How is CEZ a. s expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

26.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

CEZ a. s's revenue is expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).

CEZ a. s's earnings are expected to grow significantly at over 20% yearly.

CEZ a. s's revenue growth is positive but not above the United States of America market average.

CEZ a. s's earnings growth is expected to exceed the United States of America market average.

CEZ a. s's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

CEZ a. s is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has CEZ a. s performed over the past 5 years?

-17.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

CEZ a. s's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

CEZ a. s's 1-year earnings growth is negative, it can't be compared to the 5-year average.

CEZ a. s's 1-year earnings growth is negative, it can't be compared to the US Electric Utilities industry average.


Return on Equity

CEZ a. s has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

CEZ a. s used its assets less efficiently than the US Electric Utilities industry average last year based on Return on Assets.


Return on Capital Employed

CEZ a. s's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is CEZ a. s's financial position?


Financial Position Analysis

CEZ a. s is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

CEZ a. s's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

CEZ a. s's level of debt (67.3%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (75.7% vs 67.3% today).

Debt is well covered by operating cash flow (22%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 3.3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.4x debt.


Next Steps

Dividend

What is CEZ a. s's current dividend yield, its reliability and sustainability?

6.46%

Expected Dividend Yield


Dividend Yield and Payments Analysis

CEZ a. s's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).

CEZ a. s's dividend is above the markets top 25% of dividend payers in United States of America (3.68%).

Dividends per share have been stable in the past 10 years.

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (0.6x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.2x coverage).


Next Steps

Management

What is the CEO of CEZ a. s's salary, the management and board of directors tenure and is there insider trading?

10.3yrs

Average management tenure


CEO

Daniel Beneš (48yo)

7.4yrs

Tenure

Engineer Daniel Beneš, MBA, has been the Chairman and Chief Executive Officer of CEZ, a.s. since September 15, 2011. Engineer Beneš served as the Chief Administration Officer of CEZ, a. s. and as its Chief ...


Management Age and Tenure

10.3yrs

Average Tenure

48yo

Average Age

The average tenure for the CEZ a. s management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

6.7yrs

Average Tenure

52yo

Average Age

The tenure for the CEZ a. s board of directors is about average.


Insider Trading

No 3 month insider trading information.


Ownership Breakdown


Management Team

  • Martin Novák (47yo)

    Vice Chairman & CFO

    • Tenure: 11.2yrs
  • Libuse Latalova

    Head of Finance Administration

  • Juraj Szabó (49yo)

    Director of Legal Section

    • Tenure: 11.2yrs
  • Bohdana Horackova

    New Communication Director

    • Tenure: 9.7yrs
  • Pavel Cyrani (42yo)

    Chief Sales & Strategy Officer and Director

  • Michaela Chaloupková (43yo)

    Chief Administration Officer & Director

    • Tenure: 7.2yrs
  • Radim Sladkovský (51yo)

    Director of Accounting Section

    • Tenure: 11.0yrs
  • Tomáš Pleskac (52yo)

    Chief Renewable Energy & Distribution Officer and Director

  • Daniel Beneš (48yo)

    Chairman & CEO

    • Tenure: 7.4yrs
  • Barbara Seidlova

    Head of Investor Relations


Board Members

  • Martin Novák (47yo)

    Vice Chairman & CFO

    • Tenure: 7.4yrs
  • Otakar Hora (58yo)

    Chairman of Supervisory Board

    • Tenure: 0.6yrs
  • Bohdan Zronek

    Chief Nuclear Officer & Director

    • Tenure: 1.8yrs
  • Vladimír Hronek (54yo)

    Vice Chairman of Supervisory Board

    • Tenure: 6.0yrs
  • Ladislav Štepánek (61yo)

    Chief Fossil & Hydro Officer and Director

    • Tenure: 5.7yrs
  • Pavel Cyrani (42yo)

    Chief Sales & Strategy Officer and Director

    • Tenure: 7.4yrs
  • Michaela Chaloupková (43yo)

    Chief Administration Officer & Director

    • Tenure: 7.4yrs
  • Tomáš Pleskac (52yo)

    Chief Renewable Energy & Distribution Officer and Director

    • Tenure: 13.2yrs
  • Zdenek Cerný (65yo)

    Vice Chairman of Supervisory Board

    • Tenure: 0.6yrs
  • Daniel Beneš (48yo)

    Chairman & CEO

    • Tenure: 7.4yrs

Company Information

CEZ, a. s.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CEZ, a. s.
  • Ticker: CEZY.Y
  • Exchange: OTCPK
  • Founded: 1992
  • Industry: electric utilities
  • Sector: utilities
  • Market Cap: Kč289.094b
  • Listing Market Cap: Kč12.563b
  • Shares outstanding: 534.86m
  • Website: Click here

Number of Employees


Location

  • CEZ, a. s.
  • Duhová 2/1444
  • Praha 4
  • Prague
  • 140 53
  • Czech Republic

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CZAV.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDNov 1993
CEZSEP (The Stock Exchange Prague Co. Ltd.)YesCommon StockCZCZKNov 1993
CEZDB (Deutsche Boerse AG)YesCommon StockDEEURNov 1993
CEZWSE (Warsaw Stock Exchange)YesCommon StockPLPLNNov 1993
0NZFLSE (London Stock Exchange)YesCommon StockGBCZKNov 1993
CEZY.YOTCPK (Pink Sheets LLC)UNSPONSORD ADSUSUSDJun 2018

Biography

CEZ, a. s., an electricity generation company, engages in the production, distribution, trade, and sale of electricity and heat in Central and Southeastern Europe, and Turkey. The company also engages in t ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/03/31 00:57
End of Day Share Price2018/12/31 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


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 here.