Earnings Alerts

CEZ AS (CEZ) Earnings Surpass Estimates, Announces Major Stake Acquisition in Gasnet

  • CEZ’s Ebitda for the financial year was 124.8 billion koruna, seeing a decrease of 5.2% from the previous year. This beat the estimated 121.67 billion koruna.
  • The adjusted net income was 34.8 billion koruna, a significant decrease of 56% from the previous year. This was slightly lower than the estimated 35.91 billion koruna.
  • The net income stood at 29.6 billion koruna, showing a 63% decrease from the previous year.
  • For the upcoming year, CEZ forecasts an adjusted net income in the range of 25 billion koruna to 30 billion koruna.
  • CEZ also estimates the Ebitda to be between 115 billion koruna and 120 billion koruna for the next year.
  • CEZ has agreed to buy a 55.2% stake in Gasnet. The agreed deal is worth €846.5M.
  • CEZ has pre-sold 39.4TWh of their 2024 output at an average price of EU129/MWh.
  • They have also pre-sold 26TWh of their 2025 output at an average price of EU125/MWh.
  • The achieved adjusted net income of czk34.8b and the applicable dividend policy indicate a dividend of czk39 to czk52 per share.
  • Current market consensus for CEZ’s stock is divided, with 4 buys, 6 holds, and 6 sells.

A look at CEZ AS Smart Scores

FactorScoreMagnitude
Value3
Dividend5
Growth4
Resilience3
Momentum3
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

CEZ AS, a European energy company, has received a positive outlook for its long-term performance according to Smartkarma’s Smart Scores. The company has been given an overall score of 3 out of 5, indicating a favorable outlook for its future. This score is based on various factors such as value, dividend, growth, resilience, and momentum.

CEZ AS has been given a score of 3 for value, indicating that the company is reasonably priced and has good potential for growth. The company has also received a perfect score of 5 for dividend, meaning that it is expected to provide a stable and attractive dividend to its shareholders. Additionally, the company has been given a score of 4 for growth, indicating that it has a strong potential for future growth. However, its resilience and momentum have been rated at 3, suggesting that there may be some challenges and room for improvement in these areas. Overall, the Smart Scores indicate a positive long-term outlook for CEZ AS, making it a potentially attractive investment option.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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