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CEZ as
PSE:CEZ

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CEZ as
PSE:CEZ
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Price: 1 161 CZK -0.68% Market Closed
Market Cap: Kč624.6B

EV/EBIT

9.5
Current
8%
More Expensive
vs 3-y median of 8.8

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
9.5
=
Enterprise Value
Kč798.4B
/
EBIT
Kč83.8B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
9.5
=
Enterprise Value
Kč798.4B
/
EBIT
Kč83.8B

Valuation Scenarios

CEZ as is trading above its 3-year average

If EV/EBIT returns to its 3-Year Average (8.8), the stock would be worth Kč1 075.29 (7% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-7%
Maximum Upside
+12%
Average Upside
4%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 9.5 Kč1 161
0%
3-Year Average 8.8 Kč1 075.29
-7%
5-Year Average 9.3 Kč1 136.81
-2%
Industry Average 10.6 Kč1 299.04
+12%
Country Average 10.6 Kč1 299.04
+12%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
Kč798.4B
/
Jul 2025
Kč83.8B
=
9.5
Current
Kč798.4B
/
Dec 2025
Kč81.6B
=
9.8
Forward
Kč798.4B
/
Dec 2026
Kč60.7B
=
13.1
Forward
Kč798.4B
/
Dec 2027
Kč51.5B
=
15.5
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
CZ
CEZ as
PSE:CEZ
623.2B CZK 9.5 24.4
US
Nextera Energy Inc
NYSE:NEE
191.4B USD 35.2 28.3
ES
Iberdrola SA
MAD:IBE
129.1B EUR 19.1 23.9
IT
Enel SpA
MIL:ENEL
104.2B EUR 8.2 10.4
US
Southern Co
NYSE:SO
105.9B USD 23.6 24.7
US
Duke Energy Corp
NYSE:DUK
101.2B USD 21.5 20.8
US
Constellation Energy Corp
NASDAQ:CEG
101.1B USD 35 44.3
US
American Electric Power Company Inc
NASDAQ:AEP
72.1B USD 21.8 20.2
FR
Electricite de France SA
PAR:EDF
46.6B EUR -3.2 -2.5
US
Exelon Corp
NASDAQ:EXC
50.4B USD 19.2 18.4
US
Xcel Energy Inc
NASDAQ:XEL
49.6B USD 28.9 24.6
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CZ
CEZ as
PSE:CEZ
Average EV/EBIT: 22.2
9.5
-17%
N/A
US
Nextera Energy Inc
NYSE:NEE
35.2
19%
1.9
ES
Iberdrola SA
MAD:IBE
19.1
0%
N/A
IT
Enel SpA
MIL:ENEL
8.2
7%
1.2
US
Southern Co
NYSE:SO
23.6
12%
2
US
Duke Energy Corp
NYSE:DUK
21.5
10%
2.2
US
Constellation Energy Corp
NASDAQ:CEG
35
33%
1.1
US
American Electric Power Company Inc
NASDAQ:AEP
21.8
12%
1.8
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -3.2 N/A N/A
US
Exelon Corp
NASDAQ:EXC
19.2
7%
2.7
US
Xcel Energy Inc
NASDAQ:XEL
28.9
17%
1.7
P/E Multiple
Earnings Growth PEG
CZ
CEZ as
PSE:CEZ
Average P/E: 24
24.4
-1%
N/A
US
Nextera Energy Inc
NYSE:NEE
28.3
13%
2.2
ES
Iberdrola SA
MAD:IBE
23.9
8%
3
IT
Enel SpA
MIL:ENEL
10.4
3%
3.5
US
Southern Co
NYSE:SO
24.7
11%
2.2
US
Duke Energy Corp
NYSE:DUK
20.8
7%
3
US
Constellation Energy Corp
NASDAQ:CEG
44.3
30%
1.5
US
American Electric Power Company Inc
NASDAQ:AEP
20.2
4%
5.1
FR
Electricite de France SA
PAR:EDF
Negative Multiple: -2.5 N/A N/A
US
Exelon Corp
NASDAQ:EXC
18.4
6%
3.1
US
Xcel Energy Inc
NASDAQ:XEL
24.6
13%
1.9

Market Distribution

Lower than 72% of companies in Czech Republic
Percentile
28th
Based on 26 companies
28th percentile
9.5
Low
7.4 — 10.4
Typical Range
10.4 — 10.6
High
10.6 —
Distribution Statistics
Czech Republic
Min 7.4
30th Percentile 10.4
Median 10.6
70th Percentile 10.6
Max 1 127.6

CEZ as
Glance View

Market Cap
624.6B CZK
Industry
Utilities

Founded in 1992, ČEZ, a.s., stands at the forefront of the Czech Republic's energy market, casting a wide net that extends beyond its borders into several European countries. As a predominant electricity producer, ČEZ's core operations are intricately woven into the entire electricity supply chain. The company orchestrates the generation, distribution, and sale of electricity, along with heat production, making it a linchpin in the region's energy infrastructure. Its extensive portfolio includes nuclear, coal, hydroelectric, and renewable energy sources, showcasing a commitment to a diversified energy mix. Nuclear power, in particular, plays a central role in its generation capacity, with key plants like Temelín and Dukovany bolstering its supply stability. This diversified energy generation strategy ensures resilience and adaptability in a shifting energy landscape while aligning with the broader European regulatory trends on sustainability and emission reductions. Profits flow primarily from electricity sales in the wholesale and retail markets, but ČEZ also capitalizes on strategic investments in energy innovation and sustainable technologies. The company's financial performance is further buttressed by its role as a utility provider, selling the energy it produces to households, businesses, and industries across Central and Southeastern Europe. In addition, through its subsidiaries, ČEZ has ventured into energy services, aiming to optimize energy consumption for its clients. This includes initiatives in energy efficiency and tailored services, aligning with global trends toward digitalization and sustainability. Such diversification not only shields ČEZ from fluctuations in energy prices but also positions it as a forward-thinking entity in the European energy sector. This multifaceted approach underpins its revenue streams and fosters resilience in an industry characterized by rapid change and regulatory pressures.

CEZ Intrinsic Value
1 159.18 CZK
Fairly Valued
Intrinsic Value
Price
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