CEZ, a. s. (CEZ) Fair Value & Analysis
Utilities · PL · Market cap 125B PLN
Fair value as of: Aug 13, 2026
From 24 valuation models · updated today
Fair value updated Aug 13, 2026, revised from 159.33 PLN to 167.29 PLN (+5.0%) since Jul 17, 2026. Share price +10.0% over the past month.
A solid business, but screening 32% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (197.49 PLN). The favourable scenario is already priced in.
- Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 70.28 PLN – 244.80 PLN · fair‑value band 125.47 PLN – 197.49 PLN · the 244.80 PLN price screens above the 167.29 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
CEZ, a. s. (CEZ) currently trades at 244.80 PLN, while our model-based Fair Value estimate is 167.29 PLN, implying the stock looks roughly 31.7% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, CEZ, a. s. generated revenue of 338B PLN at a net margin of 9.0%. Revenue declined 9.0% year over year. It earns a return on equity of 11.1%. Net debt stands at 231B PLN. Fundamentals as of Aug 13, 2026
Our scenario range runs from 125.47 PLN (bear case) to 197.49 PLN (bull case); at 244.80 PLN, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 40% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -27% fair-value upside, at -32%, CEZ screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 24 models by family
Widest divergence: Growth DCF (1,339 PLN) versus Asset-Based (301.41 PLN). Highest evidence: Growth DCF (80).
Notify me when CEZ reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 71
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
CEZ, a. s. engages in the generation, distribution, trade, and sale of electricity, heat, thermal energy and other commodities in Central Europe. It operates through four segments: Generation, Distribution, Sales, and Mining.
Full company description
CEZ, a. s. engages in the generation, distribution, trade, and sale of electricity, heat, thermal energy and other commodities in Central Europe. It operates through four segments: Generation, Distribution, Sales, and Mining. The company operates hydroelectric, wind, solar, nuclear, coal, photovoltaic, and biomass power plants, and combined cycle gas turbine power plant and combined heat and power units. It is also involved in the trade and sale of natural gas; mining of coal; quarrying and processing of construction aggregates and limestones; commodity trading business; and provision of energy services, as well as consulting services. In addition, the company holds interest in the lithium ore mining project in Cínovec; and deals with security systems and acoustics for buildings. Further, the company provides services in the field of electrical installations; high speed internet connection and mobile services; and engineering services and products. CEZ, a. s. was incorporated in 1992 and is headquartered in Prague, the Czech Republic.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
CEZ, a. s. reported revenue of 330B PLN in FY2025 versus 236B PLN in FY2021, a compound +8.7%/yr. Reported net income was 28.1B PLN in FY2025, compounding +30.2%/yr from FY2021.
CEZ screens 32% overvalued. Compare with NextEra Energy, Inc →
Peer Group
Utilities - Regulated Electric · 150 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Utilities - Regulated Electric median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Utilities - Regulated Electric stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NextEra Energy, Inc NEE | $85.78 | $32.94 | -62% |
| The Southern Company SO | $92.52 | $58.81 | -36% |
| Duke Energy Corporation DUK | $123.19 | $74.89 | -39% |
| National Grid plc NGG | 61,175 ARS | 44,886 ARS | -27% |
| NTPC Limited NTPC | ₹339.45 | ₹375.02 | +10% |
| Power Grid Corporation POWERGRID | ₹269.45 | ₹252.77 | -6% |
| China National Nuclear Power Co 601985 | ¥8.81 | ¥6.73 | -24% |
| CLP Holdings 0002 | HK$77.90 | HK$42.12 | -46% |
| Tenaga Nasional Berhad 5347 | 14.58 MYR | 14.72 MYR | +1% |
| CK Infrastructure Holdings 1038 | HK$61.00 | HK$42.74 | -30% |
Compare CEZ, a. s. with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Utilities stocks →
Frequently asked questions
Is CEZ, a. s. (CEZ) overvalued or undervalued?
What is the fair value of CEZ?
What is the quality score of CEZ?
What is the revenue of CEZ, a. s. (CEZ)?
What is the net profit margin of CEZ?
How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
Track CEZ, a. s. and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.