1. Czech Republic Stocks

  2. •

    Utilities

  3. •

    Renewable Utilities
CEZ, a. s.

CEZ, a. s.

CZAVF
CEZ, a. s.US flagOther OTC
54.95
USD
- -
- -
29.50BMarket Cap
CEZ, a. s.
CZAVF
(Other OTC)

Recent

price

54.95

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
372.51
392.78
402.71
406.26
365.92
386.89
378.13
372.49
339.08
376.98
394.86
443.03
523.26
626.26
633.55
614.94
598.76
Revenue per Share
88.14
76.32
77.57
67.19
41.94
38.82
26.73
35.12
19.31
26.85
10.16
18.26
150.5
55
54.33
52.36
53.86
Basic EPS, GAAP
26.5
15.98
120.97
48.91
132.32
135.87
91.63
85.75
66.11
80.21
134.76
110.32
9.49
257.45
231.8
119.58
147.96
Free Cash Flow per Basic Share
52.89
49.91
44.92
39.95
39.92
39.89
39.92
32.98
32.91
23.98
33.83
51.87
47.74
144.25
52.04
46.93
46.85
Dividend per Share
423.46
460.13
492.93
520.72
522.66
521.32
508.2
510.08
500.54
502.24
442.07
303.09
542.77
451.77
454.89
459.15
483.61
Book Value per Share
395.99
403.78
435.09
453.21
459.15
471.72
448.07
425.87
389.27
407.16
400.25
259.2
439.36
405.73
400.86
401.61
417.25
Tangible Book Value per Share
534
534
534
534
534
534
534
534
535
535
535
536
537
537
537
537
537
Basic Weighted Avg Shares
198,848
209,761
215,095
216,988
195,445
206,674
202,009
199,000
181,318
201,781
211,435
237,561
280,876
336,182
340,096
330,106
321,826
Sales/Revenue/Turnover
31.5
27.78
26.72
25.83
19.81
19.67
14.52
11.39
11.91
11.92
15.54
20.62
20.54
21.98
25.69
23.85
23.15
Operating Margin (%)
26,924
29,323
31,358
31,465
31,061
32,035
32,136
33,030
32,166
33,112
32,481
35,738
36,664
38,991
47,187
60,322
59,177
Depreciation Expense
47,051
40,756
41,429
35,886
22,403
20,739
14,281
18,765
10,327
14,373
5,438
9,791
80,786
29,524
29,163
28,107
28,948
Net Income, GAAP
20.01
21.56
21.2
20.72
21.72
23.6
24.59
16.67
22.32
21.24
30.84
26.2
18.99
62.57
64.38
59.04
51.49
Effective Tax Rate (%)
23.66
19.43
19.26
16.54
11.46
10.03
7.07
9.43
5.7
7.12
2.57
4.12
28.76
8.78
8.57
8.51
8.99
Profit Margin (%)
-4,970
5,589
22,039
32,467
20,524
15,932
12,147
7,972
8,856
15,867
22,877
-50,140
48,013
51,448
52,033
28,940
30,797
Working Capital
140,040
164,685
176,106
168,196
160,852
145,575
142,265
132,475
142,440
142,570
122,102
95,924
140,234
131,042
218,426
205,978
208,620
LT Debt
227,052
232,190
253,893
262,766
265,851
272,155
261,360
254,322
239,281
255,364
238,563
162,840
260,261
245,601
248,958
249,945
258,739
Total Equity
12.95
11.57
10.56
9.9
6.72
7.01
5.11
4.51
4.16
4.59
5.56
10.43
11.86
6.09
6.73
6.38
6.8
Return on Invested Capital (%)
12.86
11.05
10.6
8.84
5.62
5.37
3.88
5.26
3.6
4.56
2.48
4.1
21.89
7.61
7.52
7
6.93
Return on Capital (%)
21.8
17.28
16.28
13.26
8.04
7.44
5.19
6.9
3.82
5.36
2.15
4.9
35.6
11.06
11.98
11.46
11.19
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
29,994
42,720
54,573
LT Borrowings
232,067
205,978
208,620
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
537
537
537
Market Capitalization
669,716
657,485
628,045

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
195,027
206,725
259,069
Cash, Cash Equivalents & STI
55,810
34,776
56,509
Accounts Receivable, Net
49,217
51,381
55,214
Inventories
25,294
22,610
20,617
Total Current Liabilities
155,858
177,785
228,272
Payables & Accruals
- -
- -
- -
ST Debt
29,994
42,720
54,573
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.18%
4.85%
0.4%
Free Cash Flow
247.41%
489.27%
-48.41%
Net Income, GAAP
66.92%
147.37%
-3.62%
Sales/Revenue/Turnover
5.19%
9.7%
-2.94%
Total Cash Common Dividend
17.08%
34.82%
-9.81%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
86,793
73,646
80,424
112,361
340,096
2025
92,708
73,480
72,253
91,798
330,106
2026
84,295
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
25.2
14.1
4
- -
54.33
2025
23.7
7.4
10.3
- -
52.36
2026
25.1
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.25
0.11
51.18
- -
52.04
2025
0.11
0.05
46.7
- -
46.93
2026
0.08
- -
- -
- -
- -
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Business
CEZ, a. s. is a leading energy company headquartered in Prague, Czech Republic, primarily engaged in the generation, distribution, trade, and sale of electricity, heat, and natural gas across Western, Central, and Southeastern Europe, including operations in countries such as Germany, Hungary, Poland, Romania, Slovakia, and Turkey. The company operates a diversified portfolio of power generation assets including nuclear, coal-fired, hydroelectric, photovoltaic, wind, biogas, combined cycle gas turbine, and combined heat and power plants. CEZ also engages in coal mining; trading of commodities including natural gas; provision of energy services; business consulting; and operation of security and acoustic systems for buildings. Founded in 1992, CEZ serves a broad customer base encompassing residential, commercial, and industrial clients. Recent major developments include CEZ's strategic divestment of Polish coal-fired assets as part of its VISION 2030 plan to reduce coal-generated electricity to 25% by 2025 and achieve climate neutrality by 2040. In 2024, CEZ acquired a 55.21% stake in Czech Republic gas distribution network operator GasNet for approximately €846.5 million, expanding its footprint in gas infrastructure. The company also entered a cooperation agreement with Rolls-Royce SMR to develop small modular reactors, signaling a significant step in its nuclear energy expansion and innovation strategy. Capital expenditures are increasing with a focus on renewables and regulated distribution networks, reflecting CEZ’s commitment to sustainable growth and energy transformation. CEZ operates through four main segments: Generation, Distribution, Sales, and Mining, with an installed capacity of approximately 14.1 GW. Its generation mix balances between conventional thermal sources and renewable energy technologies, providing emission-free electricity, including a record-high nuclear power output expected to reach nearly 32 TWh in 2025. CEZ is majority state-owned and is listed on both the Prague and Warsaw stock exchanges. The company continues to focus on innovative energy solutions and sustainability in alignment with European Union climate targets, aiming to provide safe, competitive, and low-emission energy to its customers.