(KPN) Koninklijke KPN - Ratings and Ratios
Exchange: AS •
Country: Netherlands •
Currency: EUR •
Type: Common Stock •
ISIN: NL0000009082
Mobile, Broadband, Television, IT, Cloud
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 4.38% |
| Yield on Cost 5y | 8.37% |
| Yield CAGR 5y | 7.30% |
| Payout Consistency | 76.5% |
| Payout Ratio | 83.3% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 17.1% |
| Value at Risk 5%th | 27.6% |
| Relative Tail Risk | -1.76% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.51 |
| Alpha | 10.56 |
| CAGR/Max DD | 1.11 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.364 |
| Beta | -0.152 |
| Beta Downside | -0.234 |
| Drawdowns 3y | |
|---|---|
| Max DD | 10.88% |
| Mean DD | 3.24% |
| Median DD | 2.79% |
Description: KPN Koninklijke KPN January 02, 2026
Koninklijke KPN N.V. (AS:KPN) is the Netherlands’ leading integrated telecom and IT provider, operating across Consumer, Business, Wholesale & Network, and Operations & IT segments. It delivers fixed-line and mobile voice, broadband, and TV services to retail and enterprise customers, while also offering wholesale network capacity, cloud, workspace, and cybersecurity solutions under brands such as KPN, XS4ALL, Simyo, and KPN Security.
Key operational metrics (2023) include roughly 5.2 million mobile subscribers, 2.5 million fixed-line broadband customers, and an EBITDA margin of about 31 %, supported by €2.5 bn of annual capex focused on 5G rollout and fiber-to-the-home expansion. The Dutch market’s high penetration rates and EU-wide broadband funding programs are primary growth levers, while regulatory price caps on wholesale access create a stable, though tightly managed, revenue floor.
For a deeper quantitative breakdown, the ValueRay platform offers a granular view of KPN’s valuation metrics and peer comparisons.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income: 1.09b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 0.50 > 1.0 |
| NWC/Revenue: -7.78% < 20% (prev -11.79%; Δ 4.01% < -1%) |
| CFO/TA 0.18 > 3% & CFO 2.26b > Net Income 1.09b |
| Net Debt (5.99b) to EBITDA (1.24b): 4.83 < 3 |
| Current Ratio: 0.72 > 1.5 & < 3 |
| Outstanding Shares: last quarter (3.83b) vs 12m ago -11.25% < -2% |
| Gross Margin: 40.02% > 18% (prev 0.35%; Δ 3967 % > 0.5%) |
| Asset Turnover: 46.47% > 50% (prev 45.63%; Δ 0.84% > 0%) |
| Interest Coverage Ratio: 6.37 > 6 (EBITDA TTM 1.24b / Interest Expense TTM 277.0m) |
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 -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) |
| Altman-Z'' Score: -1.13 = CCC |
Beneish M -3.27
| DSRI: 0.94 (Receivables 608.0m/620.0m, Revenue 5.62b/5.36b) |
| GMI: 0.87 (GM 40.02% / 34.90%) |
| AQI: 0.97 (AQ_t 0.34 / AQ_t-1 0.35) |
| SGI: 1.05 (Revenue 5.62b / 5.36b) |
| TATA: -0.09 (NI 1.09b - CFO 2.26b) / TA 12.42b) |
| Beneish M-Score: -3.27 = AA |
ValueRay F-Score (Strict, 0-100) 78.62
| 1. Piotroski: 6.0pt |
| 2. FCF Yield: 4.50% |
| 3. FCF Margin: 16.92% |
| 4. Debt/Equity: 1.86 |
| 5. Debt/Ebitda: 4.83 |
| 6. ROIC - WACC: 9.69% |
| 7. RoE: 33.60% |
| 8. Revenue Trend: 74.18% |
| 9. EPS Trend: 49.44% |
What is the price of KPN shares?
As of January 23, 2026, the stock is trading at EUR 3.86 with a total of 8,174,129 shares traded.
Over the past week, the price has changed by +1.71%, over one month by -2.00%, over three months by -6.89% and over the past year by +12.75%.
Over the past week, the price has changed by +1.71%, over one month by -2.00%, over three months by -6.89% and over the past year by +12.75%.
Is KPN a buy, sell or hold?
Koninklijke KPN has no consensus analysts rating.
What are the forecasts/targets for the KPN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 4.3 | 10.1% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 4.2 | 9.6% |
KPN Fundamental Data Overview January 20, 2026
Market Cap USD = 17.64b (15.11b EUR * 1.1673 EUR.USD)
P/E Trailing = 20.4632
P/E Forward = 14.0845
P/S = 2.6133
P/B = 4.295
P/EG = 2.0611
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 = 21.10b EUR (15.11b + Debt 6.31b - CCE 314.0m)
Interest Coverage Ratio = 6.37 (Ebit TTM 1.76b / Interest Expense TTM 277.0m)
EV/FCF = 22.21x (Enterprise Value 21.10b / FCF TTM 950.0m)
FCF Yield = 4.50% (FCF TTM 950.0m / Enterprise Value 21.10b)
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 = 1.70 (Enterprise Value 21.10b / 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 = 9.04% (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 = 4.01% (E(15.11b)/V(21.42b) * Re(5.35%) + D(6.31b)/V(21.42b) * Rd(1.05%) * (1-Tc(0.23)))
Discount Rate = 5.35% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -100.0 | Cagr: -2.21%
[DCF Debug] Terminal Value 86.44% ; FCFF base≈906.0m ; Y1≈915.4m ; Y5≈989.5m
Fair Price DCF = 6.13 (EV 29.48b - Net Debt 5.99b = Equity 23.49b / Shares 3.83b; r=5.90% [WACC]; 5y FCF grow 0.67% → 2.90% )
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=-0.001 | Revisions Net=-2 | Growth EPS=+15.0% | Growth Revenue=+1.7%
P/E Trailing = 20.4632
P/E Forward = 14.0845
P/S = 2.6133
P/B = 4.295
P/EG = 2.0611
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 = 21.10b EUR (15.11b + Debt 6.31b - CCE 314.0m)
Interest Coverage Ratio = 6.37 (Ebit TTM 1.76b / Interest Expense TTM 277.0m)
EV/FCF = 22.21x (Enterprise Value 21.10b / FCF TTM 950.0m)
FCF Yield = 4.50% (FCF TTM 950.0m / Enterprise Value 21.10b)
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 = 1.70 (Enterprise Value 21.10b / 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 = 9.04% (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 = 4.01% (E(15.11b)/V(21.42b) * Re(5.35%) + D(6.31b)/V(21.42b) * Rd(1.05%) * (1-Tc(0.23)))
Discount Rate = 5.35% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -100.0 | Cagr: -2.21%
[DCF Debug] Terminal Value 86.44% ; FCFF base≈906.0m ; Y1≈915.4m ; Y5≈989.5m
Fair Price DCF = 6.13 (EV 29.48b - Net Debt 5.99b = Equity 23.49b / Shares 3.83b; r=5.90% [WACC]; 5y FCF grow 0.67% → 2.90% )
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=-0.001 | Revisions Net=-2 | Growth EPS=+15.0% | Growth Revenue=+1.7%