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CEZ AS (XPRA:CEZ) Cyclically Adjusted FCF per Share : Kč144.72 (As of Mar. 2025)


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What is CEZ AS Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

CEZ AS's adjusted free cash flow per share for the three months ended in Mar. 2025 was Kč60.973. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is Kč144.72 for the trailing ten years ended in Mar. 2025.

During the past 12 months, CEZ AS's average Cyclically Adjusted FCF Growth Rate was 5.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 3.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 6.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of CEZ AS was 6.90% per year. The lowest was 3.90% per year. And the median was 5.75% per year.

As of today (2025-07-16), CEZ AS's current stock price is Kč1215.00. CEZ AS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was Kč144.72. CEZ AS's Cyclically Adjusted Price-to-FCF of today is 8.40.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of CEZ AS was 9.18. The lowest was 3.65. And the median was 6.37.


CEZ AS Cyclically Adjusted FCF per Share Historical Data

The historical data trend for CEZ AS's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CEZ AS Cyclically Adjusted FCF per Share Chart

CEZ AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 108.28 125.17 118.80 131.06 140.59

CEZ AS Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 137.10 138.20 140.48 140.59 144.72

Competitive Comparison of CEZ AS's Cyclically Adjusted FCF per Share

For the Utilities - Regulated Electric subindustry, CEZ AS's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CEZ AS's Cyclically Adjusted Price-to-FCF Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, CEZ AS's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where CEZ AS's Cyclically Adjusted Price-to-FCF falls into.


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CEZ AS Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, CEZ AS's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=60.973/134.9266*134.9266
=60.973

Current CPI (Mar. 2025) = 134.9266.

CEZ AS Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 25.418 100.684 34.063
201509 39.331 100.392 52.861
201512 42.640 99.792 57.652
201603 28.404 100.470 38.145
201606 20.013 101.688 26.555
201609 26.895 101.861 35.626
201612 15.936 101.863 21.109
201703 23.674 102.862 31.054
201706 20.440 103.349 26.685
201709 23.477 104.136 30.419
201712 18.117 104.011 23.502
201803 32.057 105.290 41.080
201806 7.119 106.317 9.035
201809 29.130 106.507 36.903
201812 -2.203 105.998 -2.804
201903 36.946 107.251 46.480
201906 15.368 108.070 19.187
201909 29.614 108.329 36.885
201912 4.487 108.420 5.584
202003 24.654 108.902 30.546
202006 34.086 108.767 42.284
202009 39.099 109.815 48.040
202012 37.401 109.897 45.919
202103 10.376 111.754 12.527
202106 33.620 114.631 39.572
202109 4.653 115.734 5.425
202112 62.122 117.630 71.257
202203 62.382 121.301 69.389
202206 15.359 125.017 16.576
202209 -53.306 125.227 -57.435
202212 -14.825 125.222 -15.974
202303 147.591 127.348 156.375
202306 103.234 128.729 108.204
202309 -1.641 129.860 -1.705
202312 8.320 129.419 8.674
202403 75.038 131.776 76.832
202406 54.428 132.554 55.402
202409 73.897 133.029 74.951
202412 28.960 133.157 29.345
202503 60.973 134.927 60.973

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


CEZ AS  (XPRA:CEZ) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

CEZ AS's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=1215.00/144.72
=8.40

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of CEZ AS was 9.18. The lowest was 3.65. And the median was 6.37.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


CEZ AS Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of CEZ AS's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


CEZ AS Business Description

Industry
Traded in Other Exchanges
Address
Duhova 2/1444, Prague 4, Prague, CZE, 140 53
CEZ AS is a Czech energy company of which the government of the Czech Republic is the majority shareholder. The core business of the company is the generation, distribution, trade, and sale of electricity and heat. With its subsidiaries, the company operates a portfolio of both conventional and renewable energy power plants. Total energy production is mainly split between facilities utilizing thermal and nuclear inputs. CEZ segments comprise Generation; Distribution; Sales and Mining. The majority of its revenue is derived from the Generation segment.

CEZ AS Headlines

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