FNTN Stock Analysis: freenet | XETRA
Telecom Services | XETRA, Germany | Market Cap: 2.824m EUR | 12M Return: -7.4% | DE000A0Z2ZZ5 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 7.81M
EPS Trend: 60.1%
Qual. Beats: 0
Rev. Trend: -8.3%
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.
freenet AG is a German telecommunications and digital media company headquartered in Büdelsdorf, operating through three segments: Mobile Communications, TV and Media, and Other/Holding. Its core business is reselling mobile voice and data services from major German network operators as a service provider, alongside the distribution of mobile devices, WiFi network services, and network-independent tariffs such as its freenet Internet app product. The TV and Media segment focuses on broadcast infrastructure services for B2B clients and consumer offerings in DVB-T2 (German digital terrestrial TV) and IPTV, while the Other/Holding segment bundles portal, e-commerce, payment, and digital entertainment services.
The company was originally incorporated as telunico holding AG and renamed freenet AG in March 2005. It is listed on XETRA under the ticker FNTN and classified within the Communication Services sector (Integrated Telecommunication Services). As a mobile service provider without its own radio network infrastructure, freenet follows a service-provider/MVNO-style business model, competing in the German mobile market against incumbent network operators Deutsche Telekom, Vodafone, and Telefónica Deutschland (O2).
- Mobile Communications postpaid base growth lifts service revenue
- DVB-T2 HD renewal and IPTV competition pressure TV margins
- Share buyback program and dividend sustain capital returns
| 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 (994.5m) to EBITDA (520.5m): 1.91 < 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 August 25, 2026, the stock is trading at EUR 24.32 with a total of 257,510 shares traded. Over the past week, the price has changed by +2.44%, over one month by -0.41%, over three months by -5.74% and over the past year by -7.36%.
Current recommended Stop Loss: 23.40 (which is 3.8% or 2 ATR below the current price).
freenet has no consensus analysts rating.
P/E Trailing = 11.7353
P/E Forward = 11.4155
P/S = 1.0309
P/B = 2.0852
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 = 1.08b EUR (from shortLongTermDebtTotal, last quarter) + Leases 239.7m
Net Debt = 994.5m EUR (calculated: Debt 1.08b - CCE 81.6m)
Enterprise Value = 3.82b EUR (2.82b + Debt 1.08b - CCE 81.6m)
Interest Coverage Ratio = 12.06 (Ebit TTM 376.3m / Interest Expense TTM 31.2m)
EV/FCF = 11.81x (Enterprise Value 3.82b / FCF TTM 323.5m)
FCF Yield = 8.47% (FCF TTM 323.5m / Enterprise Value 3.82b)
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 = 1.11 (Enterprise Value 3.82b / Total Assets 3.43b)
Interest Expense / Debt = 2.90% (Interest Expense 31.2m / Debt 1.08b)
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 = 0.78 (Debt 1.08b / totalStockholderEquity, last quarter 1.37b)
Debt / EBITDA = 1.91 (Net Debt 994.5m / EBITDA 520.5m)
Debt / FCF = 3.07 (Net Debt 994.5m / 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 = 4.11% (E(2.82b)/V(3.90b) * Re(4.86%) + D(1.08b)/V(3.90b) * Rd(2.90%) * (1-Tc(0.26)))
Discount Rate = 4.86% (= 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 = 29.69 (EV 4.50b - Net Debt 994.5m = Equity 3.50b / 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=0.55 | Chg30d=-18.11% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=2.12 | Chg30d=-1.71% | Revisions=+0% | GrowthEPS=-9.8% | GrowthRev=+23.3%
EPS next Year (2027-12-31): EPS=2.46 | Chg30d=-0.20% | Revisions=-25% | GrowthEPS=+15.9% | GrowthRev=+1.8%
[Analyst] Revisions Ratio: +0% (up=1, down=1)