C.N.T.E.E. Transelectrica SA

C.N.T.E.E. Transelectrica SA

98.70
RON
-1.10
(-1.10%)
5.53EPS
18.05P/E
7.32BMarket Cap
Nov 16Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
34.03
38.51
40.73
37.35
41.85
37.18
33.31
32.64
58.04
85.07
63.16
105.39
75.22
45
Basic EPS, GAAP
2.82
4.67
4.75
3.62
0.31
1.07
1.21
1.95
0.02
7.12
2.97
7.91
4.97
5.53
Free Cash Flow per Basic Share
7.88
10.78
10.97
6.97
1.5
5.93
0.13
3.18
-4.54
0.27
3
2.3
1.8
10.96
Dividend per Share
0.4
2.25
2.8
2.65
2.26
0.04
0.91
0.49
0.98
0.01
0.72
0.3
3.82
- -
Book Value per Share
36.03
38.68
41.75
42.7
37.32
38.75
44.98
46.72
46.18
53.27
72.24
80.58
82.84
85.74
Tangible Book Value per Share
35.43
38.13
41.2
42.49
37.1
38.43
44.48
46.62
46.08
48.33
68.38
76.31
79.3
85.18
Basic Weighted Avg Shares
73
73
73
73
73
73
73
73
65
73
73
73
73
73
Sales/Revenue/Turnover
2,495
2,823
2,986
2,738
3,068
2,726
2,442
2,393
3,784
6,236
4,630
7,725
5,514
3,297
Operating Margin (%)
11.39
17.38
15.03
13.89
2.51
3.74
4.17
7.71
0.3
9.61
5.21
7.28
6
14.84
Depreciation Expense
343
341
327
331
321
307
279
275
284
281
340
372
403
165
Net Income, GAAP
206
343
348
265
23
78
89
143
1
522
217
580
364
405
Effective Tax Rate (%)
17.01
17.49
16.98
19.54
47.13
15.51
11.98
17.04
42.3
12.42
8.9
0.82
- -
18.2
Profit Margin (%)
8.27
12.14
11.67
9.68
0.74
2.87
3.64
5.96
0.03
8.36
4.7
7.51
6.61
12.29
Working Capital
528
761
786
850
303
422
438
406
171
146
351
556
493
1,139
LT Debt
951
792
635
502
195
144
123
132
104
72
39
10
5
4
Total Equity
2,641
2,841
3,072
3,135
2,740
2,842
3,317
3,425
3,385
3,905
5,295
5,907
6,072
6,285
Return on Invested Capital (%)
6.13
9.87
9.65
7.3
0.99
2.76
3.07
4.28
0.19
14.43
4.77
9.78
- -
6.42
Return on Capital (%)
6.15
9.73
9.69
7.58
0.97
3.09
2.99
4.28
0.29
13.96
4.79
10.41
- -
6.46
Return on Common Equity (%)
8.08
12.52
11.82
8.57
0.78
2.8
2.89
4.24
0.04
14.31
4.73
10.36
6.09
6.56

Capital Structure

RON

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
188
72
6
LT Borrowings
1
1
1
LT Finance Leases
3
3
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
73
73
73
Market Capitalization
5,498
6,700
7,316

Working Capital

RON

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,205
3,736
5,294
Cash, Cash Equivalents & STI
90
87
445
Accounts Receivable, Net
2,422
2,133
2,670
Inventories
61
56
58
Total Current Liabilities
3,712
2,933
4,155
Payables & Accruals
- -
- -
- -
ST Debt
188
72
6
Deferred Revenue
- -
- -
- -

Growth Rates

RON

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.73%
12.83%
2.79%
Free Cash Flow
304.51%
124.69%
-21.49%
Net Income, GAAP
4,007.58%
7,974.95%
-37.17%
Sales/Revenue/Turnover
11.56%
27.08%
-28.62%
Total Cash Common Dividend
1,156.04%
1,851.45%
1,189.29%

Quarterly Revenue

RON

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,991
2,705
1,334
1,696
7,725
2025
1,412
1,518
1,170
1,413
5,514
2026
1,639
1,657
- -
- -
- -

Quarterly Earnings Per Share

RON

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.42
2.22
2
2.27
7.91
2025
2.34
1.42
-0.96
2.42
4.97
2026
3.07
2.46
- -
- -
- -

Quarterly Dividends Per Share

RON

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.28
- -
0.02
0.3
2025
- -
- -
3.81
- -
3.82
2026
- -
- -
- -
- -
- -

Company Description

CEO
Stefanita Munteanu
Full Time Employees
2,852
Sector
Utilities
Industry
Electric utilities
Address
Bucharest Romania
IPO Date
Jun 26, 2006
Business
C.N.T.E.E. Transelectrica SA is the national electricity transmission system operator of Romania, responsible for managing, operating, maintaining, and developing the Romanian National Power System as well as facilitating cross-border electricity exchanges within the European Network of Transmission System Operators for Electricity. Founded in 2000 and headquartered in Bucharest, Romania, the company operates under a regulated natural monopoly model to ensure the security, stability, and continuity of electric power delivery across the country. Transelectrica manages an extensive high-voltage transmission network spanning over 8,800 kilometers of overhead power lines at voltage levels of 750 kV, 400 kV, and 220 kV, supported by 81 transformation and interconnection substations. The company provides electric power transmission services, transporting bulk electricity from generation facilities to regional distribution networks and directly connected high-voltage industrial end-users; system operation and dispatching services, directing physical energy flows, balancing real-time supply and demand, managing grid congestion, and coordinating ancillary system reserves through the National Power Dispatcher; wholesale electricity market administration services through its subsidiary OPCOM SA, which operates organized trading platforms including the Day-Ahead Market, Intraday Market, Centralized Bilateral Contracts Market, Balancing Market, Ancillary Services Market, and Green Certificates Market; specialized maintenance, technical diagnosis, overhaul, and repair services for high-voltage primary and secondary substation equipment provided through its subsidiary SMART SA; commercial telecommunications, data transmission, IT solutions, and fiber-optic network infrastructure services operating across more than 5,000 kilometers of optical ground wire managed through its subsidiary Teletrans SA; and specialized professional training, technical certification, and personnel development programs for the power sector through its subsidiary Formenerg SA. In recent operational and strategic developments, Transelectrica has accelerated its capital investment program under its ANRE-approved 2026–2035 Electricity Transmission Network Development Plan, focusing on grid digitalization, cross-border capacity expansion, and the integration of large-scale renewable energy generation from the Dobrogea and Banat regions. The company secured over EUR 67 million in non-reimbursable grant funding from the European Union Modernisation Fund for the DigiTEL Smart Lines initiative, deploying dynamic line rating technology across 27 transmission lines, and the installation of a high-capacity STATCOM voltage regulation system at the Gutinas substation under the CARMEN Project of Common Interest. Additionally, Transelectrica expanded its international partnerships by establishing the Bucharest-based joint venture Green Energy Corridor Energy Company alongside partner transmission operators to develop the Azerbaijan–Georgia–Romania–Hungary submarine high-voltage direct-current interconnection corridor, while advancing regional grid integration through cross-border transmission projects including the 400 kV Suceava–Balti interconnection line.