FNTN Stock Analysis: freenet | XETRA
Telecom Services | XETRA, Germany | Market Cap: 2.704m EUR | 12M Return: -8.9% | DE000A0Z2ZZ5 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 7.70M
EPS Trend: 60.1%
Qual. Beats: 0
Rev. Trend: -8.3%
Qual. Beats: -1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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.
freenet AG (XETRA: FNTN) is a German mid-cap telecommunications and digital lifestyle company headquartered in Büdelsdorf, Germany. Originally incorporated in 2005 as telunico holding AG, the company rebranded to freenet AG in March 2005. It is classified within the Communication Services sector, specifically in the integrated telecommunication services sub-industry, reflecting its diversified role across mobile, broadcasting, and digital services.
The company operates through three main segments. The Mobile Communications segment is the core business, marketing mobile voice and data services from German mobile network operators (MNOs) as a service provider/reseller, alongside selling mobile devices, providing WiFi planning and installation, and offering app-based internet products such as freenet Internet. This reseller-based model is a common feature of the European telecom landscape, where mobile virtual network operators (MVNOs) and service providers purchase wholesale network capacity from MNOs like Deutsche Telekom, Vodafone, and Telefónica to offer tariffs and services under their own brands.
The TV and Media segment focuses on broadcast-related solutions for business clients, including planning, construction, and operation of broadcasting infrastructure, as well as providing end-user services in DVB-T2 (the German digital terrestrial television standard) and IPTV. The Other/Holding segment bundles portal services, e-commerce and advertising, payment services, digital entertainment products, IT and communication solutions, narrowband voice and data services, and distribution activities.
Overall, freenet AGs business model combines mobile service reselling, digital TV and broadcasting infrastructure, and a portfolio of digital lifestyle and IT services, positioning it as a diversified player in Germanys consumer telecommunications and media market.
- Mobile segment ARPU and subscriber churn pressure margins amid MVNO competition
- waipu.tv IPTV subscriber growth drives TV and Media segment expansion
- Aggressive share buyback program supports earnings per share growth
| Net Income: 240.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -1.81 > 1.0 |
| NWC/Revenue: -8.59% < 20% (prev -17.24%; Δ 8.65% < -1%) |
| CFO/TA 0.11 > 3% & CFO 376.8m > Net Income 240.4m |
| Net Debt (979.4m) to EBITDA (520.5m): 1.88 < 3 |
| Current Ratio: 0.77 > 1.5 & < 3 |
| Outstanding Shares: last quarter (116.7m) vs 12m ago -1.67% < -2% |
| Gross Margin: 26.04% > 18% (prev 39.32%; Δ -13.28% > 0.5%) |
| Asset Turnover: 83.20% > 50% (prev 79.03%; Δ 4.16% > 0%) |
| Interest Coverage Ratio: 12.06 > 6 (EBIT TTM 376.3m / Interest Expense TTM 31.2m) |
| A: -0.07 (Total Current Assets 772.2m - Total Current Liabilities 1.01b) / Total Assets 3.43b |
| B: 0.20 (Retained Earnings 691.8m / Total Assets 3.43b) |
| C: 0.11 (EBIT TTM 376.3m / Avg Total Assets 3.29b) |
| D: 0.67 (Book Value of Equity 1.37b / Total Liabilities 2.05b) |
| Altman-Z'' = 1.68 = BB |
| DSRI: 0.62 (Receivables 329.1m/484.0m, Revenue 2.74b/2.49b) |
| GMI: 1.51 (GM 39.32% / 26.04%) |
| AQI: 1.02 (AQ_t 0.70 / AQ_t-1 0.68) |
| SGI: 1.10 (Revenue 2.74b / 2.49b) |
| TATA: -0.04 (NI 240.4m - CFO 376.8m) / TA 3.43b) |
| Beneish M = -2.80 (Cap -4..+1) = A |
As of October 09, 2026, the stock is trading at EUR 22.38 with a total of 324,685 shares traded. Over the past week, the price has changed by -1.24%, over one month by -9.32%, over three months by -4.03% and over the past year by -8.86%.
Current recommended Stop Loss: 21.70 (which is 3% or 1.4 ATR below the current price).
freenet has no consensus analysts rating.
P/E Trailing = 11.2353
P/E Forward = 11.4155
P/S = 0.987
P/B = 2.0612
P/EG = 0.8482
Revenue TTM = 2.74b EUR
EBIT TTM = 376.3m EUR
EBITDA TTM = 520.5m EUR
Long Term Debt = 199.7m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 136.1m EUR (from shortTermDebt, last quarter)
Debt = 1.06b EUR (from shortLongTermDebtTotal, last quarter) + Leases 224.6m
Net Debt = 979.4m EUR (calculated: Debt 1.06b - CCE 81.6m)
Enterprise Value = 3.68b EUR (2.70b + Debt 1.06b - CCE 81.6m)
Interest Coverage Ratio = 12.06 (Ebit TTM 376.3m / Interest Expense TTM 31.2m)
EV/FCF = 11.39x (Enterprise Value 3.68b / FCF TTM 323.5m)
FCF Yield = 8.78% (FCF TTM 323.5m / Enterprise Value 3.68b)
FCF Margin = 11.81% (FCF TTM 323.5m / Revenue TTM 2.74b)
Net Margin = 8.77% (Net Income TTM 240.4m / Revenue TTM 2.74b)
Gross Margin = 26.04% ((Revenue TTM 2.74b - Cost of Revenue TTM 2.03b) / Revenue TTM)
Gross Margin QoQ = 19.37% (prev 19.77%)
Tobins Q-Ratio = 1.07 (Enterprise Value 3.68b / Total Assets 3.43b)
Interest Expense / Debt = 2.94% (Interest Expense 31.2m / Debt 1.06b)
Taxrate = 26.43% (88.1m / 333.3m)
NOPAT = 276.8m (EBIT 376.3m * (1 - 26.43%))
Current Ratio = 0.77 (Total Current Assets 772.2m / Total Current Liabilities 1.01b)
Debt / Equity = 0.77 (Debt 1.06b / totalStockholderEquity, last quarter 1.37b)
Debt / EBITDA = 1.88 (Net Debt 979.4m / EBITDA 520.5m)
Debt / FCF = 3.03 (Net Debt 979.4m / FCF TTM 323.5m)
Total Stockholder Equity = 1.49b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.30% (Net Income 240.4m / Total Assets 3.43b)
RoE = 16.14% (Net Income TTM 240.4m / Total Stockholder Equity 1.49b)
RoCE = 22.27% (EBIT 376.3m / Capital Employed (Equity 1.49b + L.T.Debt 199.7m))
RoIC = 11.17% (NOPAT 276.8m / Invested Capital 2.48b)
WACC = 4.00% (E(2.70b)/V(3.77b) * Re(4.72%) + D(1.06b)/V(3.77b) * Rd(2.94%) * (1-Tc(0.26)))
Discount Rate = 4.72% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -86.07 | Cagr: -0.81%
[DCF] Terminal Value 74.16% ; FCFF base≈335.9m ; Y1≈312.5m ; Y5≈284.2m
[DCF] Fair Price = 29.81 (EV 4.50b - Net Debt 979.4m = Equity 3.52b / Shares 118.0m; r=8.35% [WACC [floored]]; 5y FCF grow -8.74% → 2.50% )
EPS Correlation: 60.06 | EPS CAGR: 20.96% | SUE: -0.79 | # QB: 0
Revenue Correlation: -8.31 | Revenue CAGR: -0.33% | SUE: -1.07 | # QB: -1
EPS current Quarter (2026-09-30): EPS=0.69 | Chg30d=-2.18% | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=2.06 | Chg30d=-2.88% | Revisions=+0% | GrowthEPS=-12.7% | GrowthRev=+24.6%
EPS next Year (2027-12-31): EPS=2.31 | Chg30d=-4.44% | Revisions=-40% | GrowthEPS=+12.1% | GrowthRev=+2.4%
[Analyst] Revisions Ratio: -22% (up=2, down=4)