KPN Stock Analysis: Koninklijke KPN | AS
Telecom Services | AS, Netherlands | Market Cap: 15.765m EUR | 12M Return: 6.5% | NL0000009082 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 41.6M
EPS Trend: 88.6%
Qual. Beats: -1
Rev. Trend: 89.6%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Koninklijke KPN N.V. is a Dutch integrated telecommunications operator headquartered in Rotterdam. Founded in 1881 and formerly known as Koninklijke PTT Nederland NV (renamed in 1998), the company delivers fixed and mobile telephony, broadband internet, and television services to both retail and business customers in the Netherlands.
KPN operates through four reporting segments: Consumer, Business, Wholesale and Network, and Operations & IT. Beyond consumer connectivity, it provides infrastructure and network-related IT solutions - including security, IoT, cloud, and connectivity - to enterprises, and sells wholesale network access, interconnect, roaming, and digital services to third parties. Its portfolio is sold under multiple brands, including KPN, XS4ALL, Simyo, KPN Security, KPN Health, Solcon, Inspark, KPN Partner Network, KPN IoT, and youfone.
As an integrated telecom operator, KPN typically owns and operates its own fixed-line (including fiber) and mobile network infrastructure, which allows it to serve retail customers directly while also monetizing the same assets through wholesale and B2B services. The Dutch residential and business connectivity market is concentrated among a small number of licensed operators, with KPN positioned as one of the incumbents alongside competitors such as VodafoneZiggo and T-Mobile Netherlands.
- Fiber rollout drives fixed broadband subscriber growth and ARPU
- Mobile price competition pressures Consumer service revenue margins
- High dividend yield and share buybacks support total shareholder returns
| Net Income: 884.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 0.64 > 1.0 |
| NWC/Revenue: -11.55% < 20% (prev -7.63%; Δ -3.92% < -1%) |
| CFO/TA 0.18 > 3% & CFO 2.31b > Net Income 884.0m |
| Net Debt (8.42b) to EBITDA (2.73b): 3.09 < 3 |
| Current Ratio: 0.66 > 1.5 & < 3 |
| Outstanding Shares: last quarter (3.77b) vs 12m ago -6.64% < -2% |
| Gross Margin: 30.93% > 18% (prev 53.67%; Δ -22.74% > 0.5%) |
| Asset Turnover: 46.65% > 50% (prev 46.14%; Δ 0.50% > 0%) |
| Interest Coverage Ratio: 10.10 > 6 (EBIT TTM 1.42b / Interest Expense TTM 141.0m) |
| A: -0.05 (Total Current Assets 1.28b - Total Current Liabilities 1.96b) / Total Assets 12.6b |
| B: -0.38 (Retained Earnings -4.83b / Total Assets 12.6b) |
| C: 0.11 (EBIT TTM 1.42b / Avg Total Assets 12.5b) |
| D: 0.22 (Book Value of Equity 2.30b / Total Liabilities 10.3b) |
| Altman-Z'' = -0.60 = B |
| DSRI: 1.10 (Receivables 808.0m/720.0m, Revenue 5.83b/5.73b) |
| GMI: 1.74 (GM 53.67% / 30.93%) |
| AQI: 0.95 (AQ_t 0.32 / AQ_t-1 0.34) |
| SGI: 1.02 (Revenue 5.83b / 5.73b) |
| TATA: -0.11 (NI 884.0m - CFO 2.31b) / TA 12.6b) |
| Beneish M = -2.30 (Cap -4..+1) = BBB |
As of August 08, 2026, the stock is trading at EUR 4.04 with a total of 11,700,353 shares traded. Over the past week, the price has changed by -1.68%, over one month by -2.60%, over three months by -9.84% and over the past year by +6.49%.
Current recommended Stop Loss: 3.90 (which is 3.5% or 1.8 ATR below the current price).
Koninklijke KPN has no consensus analysts rating.
P/E Trailing = 18.6864
P/E Forward = 16.0256
P/S = 2.705
P/B = 4.78
P/EG = 2.2557
Revenue TTM = 5.83b EUR
EBIT TTM = 1.42b EUR
EBITDA TTM = 2.73b EUR
Long Term Debt = 6.19b EUR (from longTermDebt, last quarter)
Short Term Debt = 410.0m EUR (from shortTermDebt, last quarter)
Debt = 8.84b EUR (from shortLongTermDebtTotal, last quarter) + Leases 687.0m
Net Debt = 8.42b EUR (calculated: Debt 8.84b - CCE 419.0m)
Enterprise Value = 24.2b EUR (15.8b + Debt 8.84b - CCE 419.0m)
Interest Coverage Ratio = 10.10 (Ebit TTM 1.42b / Interest Expense TTM 141.0m)
EV/FCF = 23.15x (Enterprise Value 24.2b / FCF TTM 1.04b)
FCF Yield = 4.32% (FCF TTM 1.04b / Enterprise Value 24.2b)
FCF Margin = 17.91% (FCF TTM 1.04b / Revenue TTM 5.83b)
Net Margin = 15.15% (Net Income TTM 884.0m / Revenue TTM 5.83b)
Gross Margin = 30.93% ((Revenue TTM 5.83b - Cost of Revenue TTM 4.03b) / Revenue TTM)
Gross Margin QoQ = 53.28% (prev 8.69%)
Tobins Q-Ratio = 1.92 (Enterprise Value 24.2b / Total Assets 12.6b)
Interest Expense / Debt = 1.59% (Interest Expense 141.0m / Debt 8.84b)
Taxrate = 20.29% (225.0m / 1.11b)
NOPAT = 1.14b (EBIT 1.42b * (1 - 20.29%))
Current Ratio = 0.66 (Total Current Assets 1.28b / Total Current Liabilities 1.96b)
Debt / Equity = 3.85 (Debt 8.84b / totalStockholderEquity, last quarter 2.30b)
Debt / EBITDA = 3.09 (Net Debt 8.42b / EBITDA 2.73b)
Debt / FCF = 8.06 (Net Debt 8.42b / FCF TTM 1.04b)
Total Stockholder Equity = 2.94b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.07% (Net Income 884.0m / Total Assets 12.6b)
RoE = 30.10% (Net Income TTM 884.0m / Total Stockholder Equity 2.94b)
RoCE = 15.60% (EBIT 1.42b / Capital Employed (Equity 2.94b + L.T.Debt 6.19b))
RoIC = 10.55% (NOPAT 1.14b / Invested Capital 10.8b)
WACC = 3.33% (E(15.8b)/V(24.6b) * Re(4.49%) + D(8.84b)/V(24.6b) * Rd(1.59%) * (1-Tc(0.20)))
Discount Rate = 4.49% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -0.15 | Cagr: -2.94%
[DCF] Terminal Value 76.66% ; FCFF base≈1.01b ; Y1≈1.09b ; Y5≈1.36b
[DCF] Fair Price = 3.23 (EV 20.8b - Net Debt 8.42b = Equity 12.4b / Shares 3.83b; r=8.35% [WACC [floored]]; 5y FCF grow 10.0% → 2.50% )
EPS Correlation: 88.58 | EPS CAGR: 5.92% | SUE: -1.10 | # QB: -1
Revenue Correlation: 89.56 | Revenue CAGR: 37.60% | SUE: 2.23 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.06 | Chg30d=-2.05% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=0.25 | Chg30d=-2.06% | Revisions=-50% | GrowthEPS=+6.9% | GrowthRev=+1.3%
EPS next Year (2027-12-31): EPS=0.27 | Chg30d=-0.66% | Revisions=-50% | GrowthEPS=+9.9% | GrowthRev=+2.0%
[Analyst] Revisions Ratio: -50% (up=1, down=6)