Financial forecasts (in CZK bn):
| 2026 |
Median |
Average |
Minimum |
Maximum |
| Revenues |
310.8 |
314.5 |
285.5 |
362.1 |
| EBITDA |
112.5 |
113.6 |
109.6 |
118.0 |
| EBIT |
58.9 |
58.6 |
52.8 |
64.0 |
| Net income |
35.0 |
35.1 |
31.9 |
38.9 |
| Net income attributable to the parent |
35.0 |
34.7 |
31.2 |
38.0 |
| 2027 |
Median |
Average |
Minimum |
Maximum |
| Revenues |
305.8 |
307.7 |
284.5 |
346.8 |
| EBITDA |
111.4 |
111.2 |
104.1 |
120.3 |
| EBIT |
56.6 |
56.8 |
51.5 |
68.1 |
| Net income |
33.3 |
33.1 |
29.6 |
41.7 |
| Net income attributable to the parent |
33.3 |
33.1 |
28.9 |
41.1 |
| Note: Only estimates published between March 2026 and October 2026 are included. |
| |
Median |
Average |
Min |
Max |
| Target price |
1150 |
1135 |
600 |
1540 |
Recommendations:
| Positive (buy, outperform, accumulate etc.) |
2 |
| Neutral (hold, market perform etc.) |
7 |
| Negative (reduce, underperform, sell etc.) |
6 |
Analysts covering ČEZ:
| Company |
Analyst |
Last report |
| Citi |
Piotr Dzieciolowski |
25/07/2025 |
| Erste Bank |
Petr Bártek |
13/07/2026 |
| Fio |
Jan Raška |
07/07/2026 |
| J&T Banka |
Milan Lávička |
24/06/2026 |
| Kepler Cheuvreux |
Emanuele Oggione |
12/08/2026 |
| Komerční banka |
Bohumil Trampota |
23/02/2026 |
| mBank Brokerage |
Filip Osadczuk |
|
| Morgan Stanley |
Arthur Sitbon |
12/10/2026 |
| Oddo BHF |
Oleg Galbur |
03/07/2026 |
| Patria |
Cuong Manh Le |
26/03/2026 |
| Pekao |
Andrzej Kędzierski |
31/07/2026 |
| PKO BP |
Andrzej Rembelski |
07/09/2026 |
| Santander Brokerage Poland |
Pawel Puchalski |
28/11/2025 |
| Trigon |
Michal Kozak |
22/07/2026 |
| UBS |
Anna Webb |
11/09/2025 |
| Wood & Co. |
Bram Buring |
24/02/2025 |
Last updated on October 12, 2026
