CNTEE Transelectrica SA

TEL

CNTEE Transelectrica SA acts as a transmission and system operator of the national power system.It manages and operates the electricity transmission system and provides the electricity exchanges betwe...

Website | Electric Services | Utilities

Automated Financial Analysis

🤵

Financial Advisor Insight

"The stock appears significantly undervalued compared to its earnings potential. Technicals confirm a positive long-term trend, supported by moving averages."

Sentiment: Neutral Action: Buy

"Company demonstrates strong financial health with positive growth and stability indicators."

Strong Revenue Growth (34.8% CAGR).
Undervalued based on PE (Current: 10.7 vs Fair: 15).
Significantly Undervalued (Trading 42% below Graham Number).
Bullish Trend (SMA50 > SMA200).
Stochastic indicates overbought conditions.
Forecast: Continued Revenue Growth (~9.0% next year).

Technical Analysis

Trend Bullish (Long Term)
Last Cross
Golden Cross (3 years ago)
RSI (14) 64.7
SMA 50 75.14
SMA 200 62.71

Price Valuation

Current Price 84.40
Fair Value (PE 15) 118.71
Undervalued 41%
Graham Number 119.79
Upside 42%

Forecast

Rev Forecast (Next Yr) 8,612M
Growth Forecast 9.0%

📊 Market & Peer Context

Benchmark: BET
Volatility (Beta)
0.25
Less Volatile than Market
Correlation
0.12
Moves with Market
Relative Strength (1Y)
40.99%
vs Benchmark
Index Returns (1Y)
65.6%
BET

Historical Performance

Metric 5Y 3Y 1Y YTD 6M 3M 1M 1W
TEL 237.6% 239.0% 58.6% 12.5% 18.9% 0.0% 0.0% 0.0%
BET - 151.6% 65.6% 26.4% 29.5% 10.2% 0.7% 1.7%
Alpha (Diff) - +87.3% -7.0% -13.9% -10.6% -10.2% -0.7% -1.7%

Financial Reports

Price Chart

ETAPA 1 • MUST HAVE

6/8
Healthy Leverage (Debt/Equity)
0.01
Target: < 1.5
Gross Margin vs Industry
0.0% vs 0.0%
Target: > 0.0%
Operating Cash Flow vs Profit
0%
Target: > 1.0
Free Cash Flow vs Profit
29%
Target: > 0.8
ROIC (Return on Capital)
6.35%
Target: Positive
ROIC vs WACC
ROIC: 6.3% / WACC: 5.5%
Target: > WACC
ROE (Return on Equity)
10.4%
Target: > 10%
EBITDA Positive
938.31M
Target: > 0

ETAPA 2 • CRITERII

4/9
Interest Coverage
Target: > 3x • 0.0x
Miss
Net Margin vs Industry
Target: > 0.0% • 7.3%
Passed
ROA vs Industry
Target: > 4.5% • 3.7%
Miss
Current Ratio
Target: > 1.5 • 1.14
Miss
Assets Growth (5y)
Target: > 0% • 20.2% CAGR
Passed
FCF CAGR (5y)
Target: > 5% • -7.8%
Miss
EV/EBITDA vs Industry
Target: < Industry • 0.0 vs 0.0
Miss
Net Debt / EBITDA
Target: < 3 • 0.05
Passed
Revenue CAGR (5y)
Target: > 5% • 34.8%
Passed

SNAPSHOT COMPANIE

Capitalizare
6.19B RON
EBITDA
938.31M
P/E Ratio
10.66
PEG Ratio
0.31
Dividend Yield
10.76%
Beta
0.25
Valoare Intrinsecă (Graham)
119.79 RON
Discount
+41.9%

Balance Sheet

Annual Data
Metric TTM 2024 2023 2022 2021
Fiscal Year 2,025 2,024 2,023 2,022 2,021
Fiscal Quarter Q3 Q4 Q4 Q4 Q4
Cash & Equivalents 912,174,000 707,174,000 526,900,000 333,681,000 264,656,000
Short-Term Investments - - - - -
Other Receivables 401,355,000 432,850,000 346,290,000 390,467,000 270,404,000
Assetsc 3,468,147,000 4,548,158,000 2,705,335,000 3,733,729,000 3,320,342,000
Property, Plant & Equipment 6,139,377,000 5,923,404,000 5,573,191,000 4,087,538,000 3,914,131,000
Long-Term Accounts Receivable - - - - -
Assets 9,694,884,000 10,825,542,000 8,601,577,000 8,199,928,000 7,278,217,000
Current Portion of Leases 5,140,000 7,328,000 9,253,000 9,141,000 8,966,000
Current Income Taxes Payable - 13,013,000 2,938,000 - -
Total Current Liabilities 2,895,992,000 3,991,948,000 2,354,117,000 3,587,720,000 3,149,609,000
Long-Term Leases 1,415,000 1,604,000 7,073,000 15,949,000 24,656,000
Long-Term Unearned Revenue 791,590,000 538,015,000 519,116,000 439,028,000 443,437,000
Total Liabilities 4,020,333,000 4,918,426,000 3,306,443,000 4,295,236,000 3,893,356,000
Common Stock 733,031,000 733,031,000 733,031,000 733,031,000 733,031,000
Additional Paid-In Capital 50,222,000 49,843,000 49,843,000 49,843,000 49,843,000
Retained Earnings 3,099,198,000 3,270,599,000 2,577,806,000 2,348,234,000 1,769,001,000
Total Common Equity 5,674,551,000 5,907,116,000 5,295,134,000 3,904,692,000 3,384,861,000
Equity 5,674,551,000 5,907,116,000 5,295,134,000 3,904,692,000 3,384,861,000
Liabilitiesequity 9,694,884,000 10,825,542,000 8,601,577,000 8,199,928,000 7,278,217,000
Filing Date Shares Outstanding 73,303,142 73,303,142 73,303,142 73,303,142 73,303,142
Total Common Shares Outstanding 73,303,142 73,303,142 73,303,142 73,303,142 73,303,142
Book Value Per Share 77.41 80.58 72.24 53.27 46.18
Tangible Book Value 5,630,708,000 5,593,969,000 5,012,756,000 3,566,751,000 3,377,457,000
Tangible Book Value Per Share 76.81 76.31 68.38 48.66 46.08
Total Debt 32,503,000 49,491,000 79,832,000 178,628,000 140,656,000
Netcash 879,671,000 657,683,000 447,068,000 155,053,000 124,000,000
Net Cash Growth 3.16% 47.11% 188.33% 25.04% -68.74%
Netcashpershare 12.01 8.97 6.10 2.12 1.69
Working Capital 572,155,000 556,210,000 351,218,000 146,009,000 170,733,000
Land - 171,497,000 171,005,000 89,220,000 89,076,000
Buildings - 2,376,261,000 1,945,054,000 1,542,992,000 1,469,411,000
Machinery - 2,679,032,000 2,437,051,000 2,310,696,000 2,095,654,000
Construction In Progress - 972,395,000 989,823,000 1,027,423,000 877,489,000
Pension & Post-Retirement Benefits 116,159,000 116,159,000 97,888,000 86,881,000 75,272,000
Minority Interest - - - - -
Accounts Receivable 1,858,637,000 2,580,094,000 1,618,510,000 2,259,432,000 2,035,239,000
Inventory 68,379,000 58,144,000 61,975,000 53,068,000 48,681,000
Other Current Assets 227,602,000 769,896,000 151,660,000 697,081,000 701,362,000
Other Intangible Assets 43,843,000 313,147,000 282,378,000 337,941,000 7,404,000
Long-Term Investments 43,517,000 36,101,000 - 40,720,000 36,340,000
Other Long-Term Assets - 4,732,000 40,673,000 - -
Accounts Payable 1,557,651,000 2,299,086,000 1,384,721,000 1,991,102,000 1,920,730,000
Accrued Expenses 46,721,000 50,280,000 81,347,000 71,936,000 51,615,000
Short-Term Debt 11,476,000 8,354,000 7,072,000 73,319,000 2,707,000
Current Portion of Long-Term Debt 12,518,000 24,287,000 24,528,000 24,631,000 24,872,000
Current Unearned Revenue 28,549,000 852,953,000 16,138,000 39,520,000 31,738,000
Other Current Liabilities 1,233,937,000 736,647,000 828,120,000 1,378,071,000 1,108,981,000
Long-Term Debt 1,954,000 7,918,000 31,906,000 55,588,000 79,455,000
Long-Term Deferred Tax Liabilities 213,223,000 257,169,000 296,343,000 110,070,000 120,927,000
Other Long-Term Liabilities - 5,613,000 - - -
Comprehensive Income & Other 1,792,100,000 1,853,643,000 1,934,454,000 773,584,000 832,986,000

Cash Flow Statement

Annual Data
Metric TTM 2024 2023 2022 2021
Fiscal Year 2,025 2,024 2,023 2,022 2,021
Fiscal Quarter Q3 Q4 Q4 Q4 Q4
Net Income 406,166,000 580,108,000 217,446,000 521,633,000 1,304,000
Loss (Gain) on Sale of Investments - - - - -
Change in Accounts Receivable -53,020,000 -1,655,313,000 1,171,127,000 -354,120,000 -2,176,952,000
Change in Inventory -6,043,000 6,923,000 -8,448,000 -5,211,000 186,000
Change in Accounts Payable 191,186,000 1,683,048,000 -1,209,775,000 360,748,000 2,134,476,000
Change in Unearned Revenue 275,131,000 43,495,000 95,960,000 1,956,000 14,904,000
Change in Other Net Operating Assets -894,000 -510,000 8,669,000 -3,150,000 -4,525,000
Other Operating Activities -239,789,000 -169,312,000 33,171,000 -302,928,000 -52,900,000
Ncfo 949,318,000 855,386,000 659,040,000 485,886,000 199,319,000
Ocf Growth 15.60% 29.79% 35.64% 143.77% -67.34%
Capex -686,552,000 -687,111,000 -439,270,000 -465,944,000 -495,323,000
Investment in Securities -3,750,000 - - - -
Ncfi -634,147,000 -618,474,000 -311,612,000 -451,758,000 -399,465,000
Short-Term Debt Issued - 1,281,000 1,371,000 70,612,000 -
Total Debt Issued 4,403,000 1,281,000 1,371,000 70,612,000 -
Short-Term Debt Repaid - - -67,618,000 - -6,157,000
Long-Term Debt Repaid - -36,225,000 -35,181,000 -35,075,000 -35,216,000
Total Debt Repaid -29,547,000 -36,225,000 -102,799,000 -35,075,000 -41,373,000
Net Debt Issued (Repaid) -25,144,000 -34,944,000 -101,428,000 35,537,000 -41,373,000
Common Dividends Paid -280,662,000 -21,694,000 -52,781,000 -640,000 -63,672,000
Other Financing Activities 1,000 - - - -
Financing Cash Flow -305,805,000 -56,638,000 -154,209,000 34,897,000 -105,045,000
Net Cash Flow 9,366,000 180,274,000 193,219,000 69,025,000 -305,191,000
Free Cash Flow 262,766,000 168,275,000 219,770,000 19,942,000 -296,004,000
Free Cash Flow Growth 9.59% -23.43% 1,002.05% - -
Fcf Margin 4.42% 2.13% 4.65% 0.32% -7.82%
Fcfps 3.59 2.30 3.00 0.27 -4.04
Levered Free Cash Flow -78,424,453 14,113,250 99,866,125 209,074,125 -275,460,875
Unlevered Free Cash Flow -72,633,203 20,368,875 106,078,625 215,873,500 -270,218,375
Cash Interest Paid 2,208,000 2,759,000 3,815,000 8,090,000 4,978,000
Cash Income Tax Paid 93,470,000 32,150,000 36,116,000 64,551,000 23,881,000
Net Cash from Discontinued Operations - - - - -
Change Working Capital 406,360,000 77,643,000 57,533,000 223,000 -31,911,000
Sale of Property, Plant & Equipment 4,230,000 3,374,000 1,801,000 13,000 -
Miscellaneous Cash Flow Adjustments - - - - -
Depamor C F Uti 306,005,000 295,323,000 270,808,000 265,881,000 281,725,000
Gw Intang Amort C F Uti 76,469,000 76,469,000 69,637,000 15,336,000 2,066,000
Depreciation & Amortization 382,474,000 371,792,000 340,445,000 281,217,000 283,791,000
Loss (Gain) on Sale of Assets -241,000 2,080,000 437,000 725,000 529,000
Asset Writedown -2,818,000 9,000 18,363,000 -2,961,000 -13,558,000
Capex Uti -686,552,000 -687,111,000 -439,270,000 -465,944,000 -495,323,000
Other Investing Activities 51,925,000 65,263,000 125,857,000 14,173,000 95,858,000

Income Statement

Annual Data
Metric TTM 2024 2023 2022 2021
Fiscal Year 2,025 2,024 2,023 2,022 2,021
Fiscal Quarter Q3 Q4 Q4 Q4 Q4
Revenue 5,950,379,000 7,903,976,000 4,724,837,000 6,307,383,000 3,784,002,000
Revenue Growth -21.18% 67.29% -25.09% 66.69% 58.13%
Operating Revenue 5,743,214,000 7,623,458,000 4,616,107,000 5,897,520,000 3,698,570,000
Other Revenue 207,165,000 280,518,000 108,730,000 409,863,000 85,432,000
Pretax Income 403,747,000 584,910,000 238,691,000 595,623,000 2,260,000
Income Tax Expense -2,419,000 4,802,000 21,245,000 73,990,000 956,000
Net Income to Company 406,166,000 580,108,000 217,446,000 521,633,000 1,304,000
Minority Interest in Earnings - - - - -
Net Income 406,166,000 580,108,000 217,446,000 521,633,000 1,304,000
Net Income to Common 406,166,000 580,108,000 217,446,000 521,633,000 1,304,000
Net Income Growth -5.26% 166.78% -58.31% 39,902.53% -99.09%
Shares Basic 73,254,117 73,303,142 73,303,142 73,303,142 73,303,142
Shares Outstanding (Diluted) 73,254,117 73,303,142 73,303,142 73,303,142 73,303,142
Eps Basic 5.54 7.91 2.97 7.12 0.02
EPS (Diluted) 5.54 7.91 2.97 7.12 0.02
EPS Growth -5.02% 166.78% -58.31% 39,902.84% -99.09%
Free Cash Flow 262,766,000 168,275,000 219,770,000 19,942,000 -296,004,000
Free Cash Flow Per Share 3.59 2.30 3.00 0.27 -4.04
Dps 3.81 3.81 0.28 0.71 -
Dividend Growth 1,260.71% 1,260.71% -60.56% - -
Profit Margin 6.83% 7.34% 4.60% 8.27% 0.03%
Free Cash Flow Margin 4.42% 2.13% 4.65% 0.32% -7.82%
Effective Tax Rate - 0.01 0.09 0.12 0.42
EBITDA 756,892,000 938,308,000 572,853,000 876,052,000 286,735,000
D&A For EBITDA 373,473,000 363,073,000 331,804,000 272,216,000 275,246,000
EBITDA Margin 12.72% 11.87% 12.12% 13.89% 7.58%
EBIT 383,419,000 575,235,000 241,049,000 603,836,000 11,489,000
EBIT Margin 6.44% 7.28% 5.10% 9.57% 0.30%
Revenue As Reported 5,950,379,000 7,903,976,000 4,724,837,000 6,307,383,000 3,784,002,000
Earnings From Continuing Ops. 406,166,000 580,108,000 217,446,000 521,633,000 1,304,000
Earnings From Discontinued Ops. - - - - -
Payoutratio 69.10% 3.74% 24.27% 0.12% 4,882.82%
Operations & Maintenance 73,783,000 66,410,000 55,445,000 51,380,000 60,288,000
Selling, General & Admin 7,870,000 7,115,000 6,732,000 6,500,000 5,044,000
Other Operating Expenses 5,102,833,000 6,883,424,000 4,081,166,000 5,364,450,000 3,423,390,000
Depreciation & Amortization 382,474,000 371,792,000 340,445,000 281,217,000 283,791,000
Total Operating Expenses 5,566,960,000 7,328,741,000 4,483,788,000 5,703,547,000 3,772,513,000
Operating Income Uti 383,419,000 575,235,000 241,049,000 603,836,000 11,489,000
Interest Expense -9,266,000 -10,009,000 -9,940,000 -10,879,000 -8,388,000
Interest Income 12,199,000 7,217,000 6,479,000 3,058,000 2,596,000
Net Interest Expense 2,933,000 -2,792,000 -3,461,000 -7,821,000 -5,792,000
Currency Exchange Gain (Loss) -2,523,000 -1,832,000 -9,000 -2,768,000 -3,357,000
Other Non-Operating Income (Expenses) 20,187,000 14,299,000 1,112,000 2,376,000 -80,000
EBT Excluding Unusual Items 403,747,000 584,910,000 238,691,000 595,623,000 2,260,000
Asset Writedown - - - - -

Ratios and Metrics

Annual Data
Metric TTM 2024 2023 2022 2021
Fiscal Year 2,025 2,024 2,023 2,022 2,021
Fiscal Quarter Q3 Q4 Q4 Q4 Q4
Marketcap 5,204,523,082 2,763,528,453 2,206,424,574 1,590,678,181 1,649,320,695
Market Cap Growth 61.55% 25.25% 38.71% -3.56% -12.11%
Enterprise Value 4,324,852,082 1,910,796,983 1,640,935,354 1,729,475,181 1,333,049,695
Last Close Ratios 7,100.00% 3,540.55% 2,804.63% 1,966.09% 2,038.57%
Pe 12.81 4.76 10.15 3.05 1,265
Pe Forward 11.24 7.78 22.30 180.83 61.22
PS Ratio 0.87 0.35 0.47 0.25 0.44
PB Ratio 0.92 0.47 0.42 0.41 0.49
Ptbv Ratio 0.92 0.49 0.44 0.45 0.49
P/FCF Ratio 19.81 16.42 10.04 79.77 -
P/OCF Ratio 5.48 3.23 3.35 3.27 8.28
EV/Sales Ratio 0.73 0.24 0.35 0.27 0.35
EV/EBITDA Ratio 5.65 2.04 2.86 1.97 4.65
EV/EBIT Ratio 11.29 3.32 6.81 2.86 116.03
EV/FCF Ratio 16.46 11.36 7.47 86.73 -
Debt / Equity Ratio 0.01 0.01 0.02 0.05 0.04
Debt / EBITDA Ratio 0.04 0.05 0.14 0.20 0.48
Debt / FCF Ratio 0.12 0.29 0.36 8.96 -
Asset Turnover 62.70% 81.40% 56.20% 81.50% 60.70%
Inventory Turnover 7,447.80% 10,479.90% 6,059.00% 9,709.70% 6,410.30%
Quick Ratio 1.10 0.93 1.06 0.83 0.82
Current Ratio 1.20 1.14 1.15 1.04 1.05
Roe 7.19% 10.36% 4.73% 14.31% 0.04%
Return on Assets (ROA) 2.52% 3.70% 1.79% 4.88% 0.11%
Return on Capital (ROIC) 4.21% 6.35% 3.19% 9.92% 0.20%
Return on Capital Employed (ROCE) 0.06 0.08 0.04 0.13 0.00
Earnings Yield 7.80% 20.99% 9.86% 32.79% 0.08%
FCF Yield 5.05% 6.09% 9.96% 1.25% -17.95%
Dividend Yield 5.34% 10.76% 1.00% 3.61% -
Payout Ratio 69.10% 3.74% 24.27% 0.12% 4,882.82%
Totalreturn 5.59% 10.76% 1.00% 3.61% -

Price History

Oct 17, 2018 — Jan 26, 2026 1825 Records
Date Open High Low Close Volume
2026-01-26 83.20 84.60 82.80 84.40 15,260
2026-01-25 82.30 83.00 82.30 83.00 5,870
2026-01-24 81.30 82.30 81.00 82.10 9,945
2026-01-22 81.30 82.30 81.00 82.10 9,945
2026-01-21 80.30 81.50 80.30 81.10 23,133
2026-01-20 80.50 80.50 75.10 78.30 48,224
2026-01-19 83.00 83.80 80.40 80.50 21,636
2026-01-18 84.50 84.80 83.00 83.40 19,449
2026-01-15 83.60 84.80 83.50 84.40 14,078
2026-01-14 82.30 83.90 82.30 83.60 11,687
2026-01-13 80.50 82.20 79.80 82.20 12,408
2026-01-12 79.30 80.90 79.10 80.80 30,596
2026-01-11 79.30 80.90 79.10 80.80 30,596
2026-01-09 78.00 79.40 77.70 79.30 35,260
2026-01-08 78.00 79.40 77.70 79.30 35,260
2026-01-07 76.40 78.30 75.80 77.60 19,715
2026-01-06 75.00 76.50 74.80 76.30 14,628
2026-01-05 75.00 76.50 74.80 76.30 14,628
2026-01-04 75.00 76.50 74.80 76.30 14,628
2026-01-01 73.20 75.40 73.20 75.00 24,156
2025-12-31 73.20 75.40 73.20 75.00 24,156
2025-12-30 73.20 75.40 73.20 75.00 24,156
2025-12-29 73.20 75.40 73.20 75.00 24,156
2025-12-28 71.90 73.20 71.70 73.10 26,120
2025-12-25 71.10 71.90 71.10 71.70 12,165
2025-12-24 71.10 71.90 71.10 71.70 12,165
2025-12-23 71.10 71.90 71.10 71.70 12,165
2025-12-22 71.10 71.90 71.10 71.70 12,165
2025-12-21 69.80 71.20 69.80 71.00 22,460
2025-12-19 70.00 70.80 69.80 69.80 23,456
2025-12-18 70.00 70.80 69.80 69.80 23,456
2025-12-17 71.20 71.30 69.90 70.30 10,666
2025-12-16 71.30 71.50 70.20 71.00 8,533
2025-12-15 71.30 71.60 71.10 71.30 22,909
2025-12-14 71.20 71.40 71.00 71.10 10,974
2025-12-12 71.30 71.50 70.60 71.00 8,968
2025-12-11 71.30 71.50 70.60 71.00 8,968
2025-12-10 71.60 71.60 70.80 71.10 8,562
2025-12-09 71.60 71.60 71.00 71.50 19,350
2025-12-08 70.80 71.60 70.50 71.60 11,242
2025-12-07 71.00 71.40 70.30 71.30 8,936
2025-12-05 70.90 71.70 70.30 71.40 7,901
2025-12-04 70.90 71.70 70.30 71.40 7,901
2025-12-03 71.60 71.70 69.80 70.90 14,736
2025-12-02 71.30 72.10 70.70 71.30 10,609
2025-12-01 71.00 71.80 70.50 71.50 3,735
2025-11-30 72.30 72.30 70.50 71.50 6,327
2025-11-28 72.30 72.30 70.50 71.50 6,327
2025-11-27 72.30 72.30 70.50 71.50 6,327
2025-11-26 71.30 72.40 69.70 72.30 11,072