(FNTN) freenet - Overview
Sector: Communication Services | Industry: Telecom Services | Exchange: XETRA (Germany) | Market Cap: 3.032m EUR | Total Return: -5% in 12m
Avg Turnover: 13.8M
EPS Trend: 71.4%
Qual. Beats: 0
Rev. Trend: -60.9%
Qual. Beats: 1
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
freenet AG is a German telecommunications and digital service provider operating through three primary segments: Mobile Communications, TV and Media, and Other/Holding. The company functions as a network-independent provider, meaning it markets mobile voice and data services from established network operators without owning the underlying physical infrastructure. This asset-light model allows the firm to focus on distribution, customer acquisition, and digital lifestyle services such as IPTV and app-based internet products.
The TV and Media segment manages broadcast-related solutions for business clients and provides DVB-T2 and IPTV services to end users. In the German market, the transition from traditional cable to digital streaming platforms represents a significant shift in consumer behavior that impacts service providers. freenet also maintains a portfolio of digital products including e-commerce, advertising, and payment services to diversify its revenue streams beyond core connectivity.
Investors looking for deeper insights into the companys valuation metrics might find ValueRay a useful tool for further analysis. Headquartered in Büdelsdorf, the company has operated under the freenet AG name since 2005 and remains a key player in the European integrated telecommunication services sector.
- Stable post-paid mobile subscriber growth drives consistent underlying service revenue
- Expansion of waipu.tv IPTV platform offsets traditional DVB-T2 broadcasting revenue decline
- High dividend payout ratio attracts yield-focused investors amid low capital expenditure
- German consumer sentiment volatility impacts digital lifestyle product cross-selling performance
- Strategic focus on network-independent mobile tariffs mitigates direct infrastructure cost inflation
| Net Income: 261.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA -0.04 > 1.0 |
| NWC/Revenue: -15.76% < 20% (prev -11.38%; Δ -4.38% < -1%) |
| CFO/TA 0.11 > 3% & CFO 389.7m > Net Income 261.5m |
| Net Debt (835.5m) to EBITDA (533.8m): 1.57 < 3 |
| Current Ratio: 0.66 > 1.5 & < 3 |
| Outstanding Shares: last quarter (118.0m) vs 12m ago -0.76% < -2% |
| Gross Margin: 31.56% > 18% (prev 0.37%; Δ 3.12k% > 0.5%) |
| Asset Turnover: 75.51% > 50% (prev 72.75%; Δ 2.77% > 0%) |
| Interest Coverage Ratio: 13.63 > 6 (EBITDA TTM 533.8m / Interest Expense TTM 28.8m) |
| A: -0.12 (Total Current Assets 805.2m - Total Current Liabilities 1.21b) / Total Assets 3.52b |
| B: 0.25 (Retained Earnings 887.0m / Total Assets 3.52b) |
| C: 0.11 (EBIT TTM 392.5m / Avg Total Assets 3.44b) |
| D: 0.47 (Book Value of Equity 903.6m / Total Liabilities 1.94b) |
| Altman-Z'' = 1.31 = BB |
| DSRI: 0.67 (Receivables 358.9m/501.8m, Revenue 2.60b/2.44b) |
| GMI: 1.18 (GM 31.56% / 37.11%) |
| AQI: 1.06 (AQ_t 0.69 / AQ_t-1 0.65) |
| SGI: 1.06 (Revenue 2.60b / 2.44b) |
| TATA: -0.04 (NI 261.5m - CFO 389.7m) / TA 3.52b) |
| Beneish M = -3.09 (Cap -4..+1) = AA |
As of May 25, 2026, the stock is trading at EUR 25.70 with a total of 391,873 shares traded.
Over the past week, the price has changed by -1.76%,
over one month by +3.11%,
over three months by -10.13% and
over the past year by -4.98%.
freenet has no consensus analysts rating.
P/E Trailing = 11.6818
P/E Forward = 11.4155
P/S = 1.1554
P/B = 1.9416
P/EG = 0.8482
Revenue TTM = 2.60b EUR
EBIT TTM = 392.5m EUR
EBITDA TTM = 533.8m EUR
Long Term Debt = 199.7m EUR (from longTermDebt, last quarter)
Short Term Debt = 327.9m EUR (from shortTermDebt, last quarter)
Debt = 933.6m EUR (from shortLongTermDebtTotal, last quarter) + Leases 239.7m
Net Debt = 835.5m EUR (calculated: Debt 933.6m - CCE 98.1m)
Enterprise Value = 3.87b EUR (3.03b + Debt 933.6m - CCE 98.1m)
Interest Coverage Ratio = 13.63 (Ebit TTM 392.5m / Interest Expense TTM 28.8m)
EV/FCF = 11.25x (Enterprise Value 3.87b / FCF TTM 343.8m)
FCF Yield = 8.89% (FCF TTM 343.8m / Enterprise Value 3.87b)
FCF Margin = 13.24% (FCF TTM 343.8m / Revenue TTM 2.60b)
Net Margin = 10.07% (Net Income TTM 261.5m / Revenue TTM 2.60b)
Gross Margin = 31.56% ((Revenue TTM 2.60b - Cost of Revenue TTM 1.78b) / Revenue TTM)
Gross Margin QoQ = 19.77% (prev 24.83%)
Tobins Q-Ratio = 1.10 (Enterprise Value 3.87b / Total Assets 3.52b)
Interest Expense / Debt = 3.08% (Interest Expense 28.8m / Debt 933.6m)
Taxrate = 33.78% (25.2m / 74.6m)
NOPAT = 259.9m (EBIT 392.5m * (1 - 33.78%))
Current Ratio = 0.66 (Total Current Assets 805.2m / Total Current Liabilities 1.21b)
Debt / Equity = 0.59 (Debt 933.6m / totalStockholderEquity, last quarter 1.58b)
Debt / EBITDA = 1.57 (Net Debt 835.5m / EBITDA 533.8m)
Debt / FCF = 2.43 (Net Debt 835.5m / FCF TTM 343.8m)
Total Stockholder Equity = 1.49b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.60% (Net Income 261.5m / Total Assets 3.52b)
RoE = 17.50% (Net Income TTM 261.5m / Total Stockholder Equity 1.49b)
RoCE = 23.16% (EBIT 392.5m / Capital Employed (Equity 1.49b + L.T.Debt 199.7m))
RoIC = 10.04% (NOPAT 259.9m / Invested Capital 2.59b)
WACC = 5.23% (E(3.03b)/V(3.97b) * Re(6.21%) + D(933.6m)/V(3.97b) * Rd(3.08%) * (1-Tc(0.34)))
Discount Rate = 6.21% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -62.86 | Cagr: -0.34%
[DCF] Terminal Value 76.01% ; FCFF base≈338.0m ; Y1≈351.8m ; Y5≈400.4m
[DCF] Fair Price = 45.31 (EV 6.18b - Net Debt 835.5m = Equity 5.35b / Shares 118.0m; r=8.35% [WACC [floored]]; 5y FCF grow 4.40% → 2.50% )
EPS Correlation: 71.38 | EPS CAGR: 31.12% | SUE: -0.46 | # QB: 0
Revenue Correlation: -60.94 | Revenue CAGR: -1.87% | SUE: 3.39 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.59 | Chg30d=+0.12% | Revisions=-20% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.67 | Chg30d=+2.38% | Revisions=-20% | Analysts=2
EPS current Year (2026-12-31): EPS=2.08 | Chg30d=-8.96% | Revisions=-33% | GrowthEPS=-11.7% | GrowthRev=+29.3%
EPS next Year (2027-12-31): EPS=2.47 | Chg30d=+0.02% | Revisions=-43% | GrowthEPS=+19.0% | GrowthRev=-3.0%
[Analyst] Revisions Ratio: -43%