(KPN) Koninklijke KPN - Ratings and Ratios
Mobile, Fiber, Cloud, Roaming, Tv
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 4.43% |
| Yield on Cost 5y | 8.66% |
| Yield CAGR 5y | 7.14% |
| Payout Consistency | 75.1% |
| Payout Ratio | 83.3% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 13.7% |
| Value at Risk 5%th | 22.1% |
| Relative Tail Risk | -1.61% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.81 |
| Alpha | 16.13 |
| CAGR/Max DD | 1.52 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.304 |
| Beta | -0.146 |
| Beta Downside | -0.218 |
| Drawdowns 3y | |
|---|---|
| Max DD | 9.80% |
| Mean DD | 3.05% |
| Median DD | 2.63% |
Description: KPN Koninklijke KPN October 30, 2025
Koninklijke KPN N.V. is the Netherlands’ leading integrated telecommunications and IT provider, serving both retail and enterprise customers through four operating segments: Consumer, Business, Wholesale & Network, and Operations & IT. Its product suite spans fixed-line and mobile voice, broadband, TV, cloud, cybersecurity, and managed-service solutions, plus a wholesale interconnect platform (NL-ix) and a growing fiber-to-the-home (FTTH) footprint.
Key financial indicators from the latest annual report (2023) show an EBITDA margin of roughly 30% and a net debt-to-EBITDA ratio of 2.1×, reflecting a solid cash-flow generation profile. Capital expenditures remain elevated, with €1.5 bn earmarked for 5G expansion and fiber roll-out, underscoring the company’s commitment to network modernization.
The Dutch telecom market is characterised by modest GDP growth (~1.5% YoY) and a highly regulated environment that caps wholesale pricing, while competition from T-Mobile Netherlands and Vodafone intensifies price pressure. However, the sector benefits from steady demand for high-speed connectivity and enterprise digital transformation, which drives incremental revenue from cloud and security services.
For a deeper quantitative view of KPN’s valuation metrics, the ValueRay platform offers a concise dashboard that can help you assess the stock’s risk-adjusted upside.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income (1.09b TTM) > 0 and > 6% of Revenue (6% = 336.9m TTM) |
| FCFTA 0.08 (>2.0%) and ΔFCFTA 0.50pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -7.78% (prev -11.79%; Δ 4.01pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.18 (>3.0%) and CFO 2.26b > Net Income 1.09b (YES >=105%, WARN >=100%) |
| Net Debt (5.99b) to EBITDA (1.24b) ratio: 4.83 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.72 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (3.83b) change vs 12m ago -11.25% (target <= -2.0% for YES) |
| Gross Margin 40.02% (prev 34.90%; Δ 5.12pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 46.47% (prev 45.63%; Δ 0.84pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 6.37 (EBITDA TTM 1.24b / Interest Expense TTM 277.0m) >= 6 (WARN >= 3) |
Altman Z'' -1.13
| (A) -0.04 = (Total Current Assets 1.15b - Total Current Liabilities 1.58b) / Total Assets 12.42b |
| (B) -0.40 = Retained Earnings (Balance) -4.96b / Total Assets 12.42b |
| (C) 0.15 = EBIT TTM 1.76b / Avg Total Assets 12.08b |
| (D) -0.55 = Book Value of Equity -4.96b / Total Liabilities 8.98b |
| Total Rating: -1.13 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 78.47
| 1. Piotroski 6.0pt |
| 2. FCF Yield 4.46% |
| 3. FCF Margin 16.92% |
| 4. Debt/Equity 1.86 |
| 5. Debt/Ebitda 4.83 |
| 6. ROIC - WACC (= 9.59)% |
| 7. RoE 33.60% |
| 8. Rev. Trend 74.18% |
| 9. EPS Trend 49.44% |
What is the price of KPN shares?
Over the past week, the price has changed by +1.41%, over one month by +0.30%, over three months by -3.21% and over the past year by +18.22%.
Is KPN a buy, sell or hold?
What are the forecasts/targets for the KPN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 4.3 | 7.6% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 4.6 | 15.2% |
KPN Fundamental Data Overview December 22, 2025
Market Cap EUR = 15.30b (15.30b EUR * 1.0 EUR.EUR)
P/E Trailing = 20.7211
P/E Forward = 14.5773
P/S = 2.6462
P/B = 4.4463
P/EG = 2.0611
Beta = 0.249
Revenue TTM = 5.62b EUR
EBIT TTM = 1.76b EUR
EBITDA TTM = 1.24b EUR
Long Term Debt = 6.25b EUR (from longTermDebt, last quarter)
Short Term Debt = 60.0m EUR (from shortLongTermDebt, last quarter)
Debt = 6.31b EUR (Calculated: Short Term 60.0m + Long Term 6.25b)
Net Debt = 5.99b EUR (from netDebt column, last quarter)
Enterprise Value = 21.29b EUR (15.30b + Debt 6.31b - CCE 314.0m)
Interest Coverage Ratio = 6.37 (Ebit TTM 1.76b / Interest Expense TTM 277.0m)
FCF Yield = 4.46% (FCF TTM 950.0m / Enterprise Value 21.29b)
FCF Margin = 16.92% (FCF TTM 950.0m / Revenue TTM 5.62b)
Net Margin = 19.45% (Net Income TTM 1.09b / Revenue TTM 5.62b)
Gross Margin = 40.02% ((Revenue TTM 5.62b - Cost of Revenue TTM 3.37b) / Revenue TTM)
Gross Margin QoQ = 68.13% (prev 69.67%)
Tobins Q-Ratio = 1.71 (Enterprise Value 21.29b / Total Assets 12.42b)
Interest Expense / Debt = 1.05% (Interest Expense 66.0m / Debt 6.31b)
Taxrate = 23.36% (64.0m / 274.0m)
NOPAT = 1.35b (EBIT 1.76b * (1 - 23.36%))
Current Ratio = 0.72 (Total Current Assets 1.15b / Total Current Liabilities 1.58b)
Debt / Equity = 1.86 (Debt 6.31b / totalStockholderEquity, last quarter 3.40b)
Debt / EBITDA = 4.83 (Net Debt 5.99b / EBITDA 1.24b)
Debt / FCF = 6.31 (Net Debt 5.99b / FCF TTM 950.0m)
Total Stockholder Equity = 3.25b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.80% (Net Income 1.09b / Total Assets 12.42b)
RoE = 33.60% (Net Income TTM 1.09b / Total Stockholder Equity 3.25b)
RoCE = 18.59% (EBIT 1.76b / Capital Employed (Equity 3.25b + L.T.Debt 6.25b))
RoIC = 13.70% (NOPAT 1.35b / Invested Capital 9.87b)
WACC = 4.11% (E(15.30b)/V(21.61b) * Re(5.48%) + D(6.31b)/V(21.61b) * Rd(1.05%) * (1-Tc(0.23)))
Discount Rate = 5.48% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -100.0 | Cagr: -2.21%
[DCF Debug] Terminal Value 78.44% ; FCFE base≈906.0m ; Y1≈915.5m ; Y5≈991.9m
Fair Price DCF = 4.57 (DCF Value 17.51b / Shares Outstanding 3.83b; 5y FCF grow 0.67% → 3.0% )
EPS Correlation: 49.44 | EPS CAGR: 11.42% | SUE: 0.0 | # QB: 0
Revenue Correlation: 74.18 | Revenue CAGR: 2.10% | SUE: 1.76 | # QB: 1
EPS next Year (2026-12-31): EPS=0.26 | Chg30d=-0.000 | Revisions Net=-1 | Growth EPS=+13.4% | Growth Revenue=+1.8%