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CEZ AS (XPRA:CEZ) Cyclically Adjusted Price-to-FCF : 8.31 (As of Jun. 05, 2025)


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What is CEZ AS Cyclically Adjusted Price-to-FCF?

As of today (2025-06-05), CEZ AS's current share price is Kč1202.00. 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 for today is 8.31.

The historical rank and industry rank for CEZ AS's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

XPRA:CEZ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 3.65   Med: 6.35   Max: 9.18
Current: 8.37

During the past years, CEZ AS's highest Cyclically Adjusted Price-to-FCF was 9.18. The lowest was 3.65. And the median was 6.35.

XPRA:CEZ's Cyclically Adjusted Price-to-FCF is ranked better than
78.3% of 212 companies
in the Utilities - Regulated industry
Industry Median: 19.28 vs XPRA:CEZ: 8.37

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 adjusted free cash flow per share data 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 10 will get our Cyclically Adjusted FCF per Share, which is Kč144.72 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


CEZ AS Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for CEZ AS's Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Chart

CEZ AS Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.76 6.61 6.48 7.31 6.81

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 Price-to-FCF 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 6.11 6.37 6.27 6.81 7.90

Competitive Comparison of CEZ AS's Cyclically Adjusted Price-to-FCF

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 Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1202.00/144.72
=8.31

* 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.

CEZ AS's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

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.

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.


CEZ AS  (XPRA:CEZ) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


CEZ AS Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of CEZ AS's Cyclically Adjusted Price-to-FCF 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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