Obermatt

CEZ

PRA:CEZ · CZ0005112300
Electric UtilitiesLarge

360

67
EV / EBIT66
Price / Owner Earnings8
Owner Earnings Yield73
Dividend Yield61
Price/Sales31
EV / Gross Profit92
Price/Book14
Return on Capital97
Cash Return on Capital81
Return on Equity71
EBIT Margin61
Gross Profitability93
Cash Conversion79
Accruals56
Owner Earnings Margin75
Sales growth10
Profit Growth81
Long-Term EPS Growth13
Owner Earnings Growth39
Reinvestment15
Price momentum40
Debt load55
Refinancing68
Debt Payback37
Liquidity62
Analyst ratings1
Opinion Changes50
Price Target Upside1
Market mood25
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

CEZ clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryCzechia
IndustryElectric Utilities
SizeLarge
TypePublic Company
ExchangeSEP
Founded1992
Employees2,883
Websitecez.cz
ISINCZ0005112300
Last UpdateApr 2, 2026
Index & Theme
Onshore and Offshore WindPower GridUtility Scale SolarClean EnergyEnergy StorageConventional NuclearBiomass Energy

Description

CEZ, a. s., together with its subsidiaries, generates, distributes, trades, and sells electricity and heat. The company also engages in trade in electricity and other commodities, sell electricity, heat, and natural gas to end customers, and provide…

Analysis

Quality compounder

CEZ, a. s. is a quality compounder: a well-run business trading at a price that reflects what it is worth.

The price is expensive. You pay 44.0× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone.

The trajectory is tepid and the balance sheet is sturdy. The company scores 12/20 on our value-creation score: creating some value. Analyst sentiment is cautious.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
8
2023202420252026

All-time high

97

Jan 2023

All-time low

8

Jun 2026

Average rank

50

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
31
43
49
48
Price/Earnings
18
11
46
47
Price/Book
14
13
14
59
Dividend Yield
61
50
82
97
Value (overall)
8
15
48
73

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →