Financial forecasts (in CZK bn):
| 2025 |
Median |
Average |
Minimum |
Maximum |
| Revenues |
334.8 |
336.3 |
325.3 |
354.6 |
| EBITDA |
136.9 |
136.9 |
133.2 |
141.0 |
| EBIT |
80.8 |
80.9 |
76.4 |
84.0 |
| Net income |
27.6 |
27.9 |
25.5 |
30.0 |
| Net income attributable to the parent |
27.7 |
27.9 |
26.1 |
30.0 |
| 2026 |
Median |
Average |
Minimum |
Maximum |
| Revenues |
305.6 |
307.3 |
266.4 |
355.3 |
| EBITDA |
111.1 |
110.9 |
104.1 |
118.0 |
| EBIT |
56.6 |
55.1 |
46.5 |
61.0 |
| Net income |
34.7 |
33.7 |
28.0 |
38.6 |
| Net income attributable to the parent |
34.3 |
33.3 |
27.4 |
38.5 |
| Note: Only estimates published between September 2025 and February 2026 are included. |
| |
Median |
Average |
Min |
Max |
| Target price |
923 |
911 |
600 |
1182 |
Recommendations:
| Positive (buy, outperform, accumulate etc.) |
0 |
| Neutral (hold, market perform etc.) |
4 |
| Negative (reduce, underperform, sell etc.) |
13 |
Analysts covering ČEZ:
| Company |
Analyst |
Last report |
| Citi |
Piotr Dzieciolowski |
25/07/2025 |
| Erste Bank |
Petr Bártek |
20/05/2025 |
| Fio |
Jan Raška |
04/07/2025 |
| J&T Banka |
Milan Lávička |
11/04/2024 |
| Kepler Cheuvreux |
Emanuele Oggione |
27/11/2025 |
| Komerční banka |
Bohumil Trampota |
15/11/2024 |
| mBank Brokerage |
Kamil Kliszcz |
02/12/2024 |
| Morgan Stanley |
Arthur Sitbon |
19/01/2026 |
| Oddo BHF |
Oleg Galbur |
05/08/2025 |
| Patria |
Cuong Manh Le |
10/03/2025 |
| Pekao |
Andrzej Kędzierski |
02/12/2025 |
| PKO BP |
Andrzej Rembelski |
29/01/2026 |
| Santander Brokerage Poland |
Pawel Puchalski |
28/11/2025 |
| Trigon |
Michal Kozak |
10/12/2025 |
| UBS |
Anna Webb |
11/09/2025 |
| Wood & Co. |
Bram Buring |
24/02/2025 |
Last updated on February 2, 2026
