(KPN) Koninklijke KPN - AS
Sector: Communication Services | Industry: Telecom Services | Exchange: AS (Netherlands) | Market Cap: 16.436m EUR | Total Return: 12.6% in 12m
Avg Turnover: 37.5M
EPS Trend: 87.6%
Qual. Beats: 0
Rev. Trend: 83.9%
Qual. Beats: 0
Warnings
Altman Z'' -0.24 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
Koninklijke KPN N.V. is the primary telecommunications and IT service provider in the Netherlands, offering a comprehensive suite of fixed and mobile connectivity, broadband internet, and television services. The company serves a diverse client base through its Consumer, Business, Wholesale, and Network segments, utilizing a multi-brand strategy that includes KPN, Simyo, and Youfone.
Operating as an integrated telecommunications provider, KPN manages critical national infrastructure while expanding into high-growth ICT sectors such as cybersecurity, cloud computing, and the Internet of Things (IoT). The business model relies on high barriers to entry due to the capital-intensive nature of maintaining fiber-optic and mobile networks, which generate recurring revenue through subscription-based services.
Investors can evaluate the companys long-term financial health and dividend sustainability by reviewing the detailed metrics available on ValueRay. Founded in 1881 and headquartered in Rotterdam, the firm remains a central pillar of the Dutch digital economy through its extensive wholesale network access and specialized health and security divisions.
- Accelerated fiber-to-the-home rollout drives long-term broadband market share gains
- Sustainable growth in mobile service revenue offsets legacy fixed-line copper decline
- Aggressive cost transformation and automation initiatives expand EBITDA AL margins
- Dutch regulatory environment and spectrum auction outcomes impact capital expenditure requirements
- Consistent free cash flow generation supports progressive dividend policy and buybacks
| Net Income: 856.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 2.31 > 1.0 |
| NWC/Revenue: -13.23% < 20% (prev -18.16%; Δ 4.93% < -1%) |
| CFO/TA 0.18 > 3% & CFO 2.31b > Net Income 856.0m |
| Net Debt (8.65b) to EBITDA (3.44b): 2.51 < 3 |
| Current Ratio: 0.64 > 1.5 & < 3 |
| Outstanding Shares: last quarter (4.16b) vs 12m ago -7.96% < -2% |
| Gross Margin: 53.33% > 18% (prev 43.03%; Δ 10.30% > 0.5%) |
| Asset Turnover: 45.50% > 50% (prev 44.62%; Δ 0.88% > 0%) |
| Interest Coverage Ratio: 7.82 > 6 (EBIT TTM 2.10b / Interest Expense TTM 268.0m) |
| A: -0.06 (Total Current Assets 1.35b - Total Current Liabilities 2.12b) / Total Assets 13.1b |
| B: -0.37 (Retained Earnings -4.82b / Total Assets 13.1b) |
| C: 0.16 (EBIT TTM 2.10b / Avg Total Assets 12.8b) |
| D: 0.24 (Book Value of Equity 2.53b / Total Liabilities 10.5b) |
| Altman-Z'' = -0.24 = B |
| DSRI: 1.06 (Receivables 640.0m/578.0m, Revenue 5.83b/5.60b) |
| GMI: 0.81 (GM 43.03% / 53.33%) |
| AQI: 1.06 (AQ_t 0.34 / AQ_t-1 0.32) |
| SGI: 1.04 (Revenue 5.83b / 5.60b) |
| TATA: -0.11 (NI 856.0m - CFO 2.31b) / TA 13.1b) |
| Beneish M = -3.09 (Cap -4..+1) = AA |
As of June 12, 2026, the stock is trading at EUR 4.44 with a total of 9,951,953 shares traded.
Over the past week, the price has changed by +2.59%,
over one month by -3.25%,
over three months by -4.43% and
over the past year by +12.55%.
Koninklijke KPN has no consensus analysts rating.
P/E Trailing = 20.7429
P/E Forward = 17.0358
P/S = 2.8212
P/B = 4.6605
P/EG = 2.2856
Revenue TTM = 5.83b EUR
EBIT TTM = 2.10b EUR
EBITDA TTM = 3.44b EUR
Long Term Debt = 5.88b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 528.0m EUR (from shortTermDebt, last quarter)
Debt = 9.24b EUR (from shortLongTermDebtTotal, last quarter) + Leases 690.0m
Net Debt = 8.65b EUR (calculated: Debt 9.24b - CCE 587.0m)
Enterprise Value = 25.1b EUR (16.4b + Debt 9.24b - CCE 587.0m)
Interest Coverage Ratio = 7.82 (Ebit TTM 2.10b / Interest Expense TTM 268.0m)
EV/FCF = 19.42x (Enterprise Value 25.1b / FCF TTM 1.29b)
FCF Yield = 5.15% (FCF TTM 1.29b / Enterprise Value 25.1b)
FCF Margin = 22.17% (FCF TTM 1.29b / Revenue TTM 5.83b)
Net Margin = 14.69% (Net Income TTM 856.0m / Revenue TTM 5.83b)
Gross Margin = 53.33% ((Revenue TTM 5.83b - Cost of Revenue TTM 2.72b) / Revenue TTM)
Gross Margin QoQ = 53.21% (prev 53.45%)
Tobins Q-Ratio = 1.92 (Enterprise Value 25.1b / Total Assets 13.1b)
Interest Expense / Debt = 2.90% (Interest Expense 268.0m / Debt 9.24b)
Taxrate = 20.26% (217.0m / 1.07b)
NOPAT = 1.67b (EBIT 2.10b * (1 - 20.26%))
Current Ratio = 0.64 (Total Current Assets 1.35b / Total Current Liabilities 2.12b)
Debt / Equity = 3.66 (Debt 9.24b / totalStockholderEquity, last quarter 2.53b)
Debt / EBITDA = 2.51 (Net Debt 8.65b / EBITDA 3.44b)
Debt / FCF = 6.70 (Net Debt 8.65b / FCF TTM 1.29b)
Total Stockholder Equity = 3.27b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.68% (Net Income 856.0m / Total Assets 13.1b)
RoE = 26.17% (Net Income TTM 856.0m / Total Stockholder Equity 3.27b)
RoCE = 22.91% (EBIT 2.10b / Capital Employed (Equity 3.27b + L.T.Debt 5.88b))
RoIC = 14.95% (NOPAT 1.67b / Invested Capital 11.2b)
WACC = 4.24% (E(16.4b)/V(25.7b) * Re(5.32%) + D(9.24b)/V(25.7b) * Rd(2.90%) * (1-Tc(0.20)))
Discount Rate = 5.32% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 29.55 | Cagr: 0.43%
[DCF] Terminal Value 77.97% ; FCFF base≈1.16b ; Y1≈1.32b ; Y5≈1.95b
[DCF] Fair Price = 5.48 (EV 29.3b - Net Debt 8.65b = Equity 20.7b / Shares 3.77b; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 87.58 | EPS CAGR: 4.89% | SUE: 0.0 | # QB: 0
Revenue Correlation: 83.93 | Revenue CAGR: 29.83% | SUE: 0.01 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.06 | Chg30d=-1.28% | Revisions=-20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.06 | Chg30d=+0.48% | Revisions=+20% | Analysts=1
EPS current Year (2026-12-31): EPS=0.25 | Chg30d=+0.28% | Revisions=-33% | GrowthEPS=+9.2% | GrowthRev=+1.4%
EPS next Year (2027-12-31): EPS=0.27 | Chg30d=-0.07% | Revisions=-14% | GrowthEPS=+8.4% | GrowthRev=+2.1%
[Analyst] Revisions Ratio: -33%