(UTDI) United Internet NA - Overview
Sector: Communication Services | Industry: Telecom Services | Exchange: XETRA (Germany) | Market Cap: 4.546m EUR | Total Return: 17.3% in 12m
Avg Turnover: 3.34M
Qual. Beats: -1
Rev. Trend: 9.3%
Qual. Beats: 0
Warnings
Volatile Below Avwap Earnings
Tailwinds
Confidence
United Internet AG is a German telecommunications and internet service provider operating across four primary segments: Consumer Access, Business Access, Consumer Applications, and Business Applications. The company utilizes a multi-brand strategy, deploying well-known names such as 1&1 for connectivity and IONOS or STRATO for hosting and cloud infrastructure. Its service portfolio encompasses mobile and broadband internet, fiber-optic networking, professional email services, and digital marketing tools.
The company operates as an Integrated Telecommunication Services provider, a sector characterized by high capital expenditures for infrastructure, such as 5G spectrum and fiber-optic rollouts. Unlike pure-play carriers, United Internets business model integrates high-margin software-as-a-service (SaaS) applications with traditional access products to drive customer retention. For a deeper look into these fundamental drivers, readers can explore the detailed metrics available on ValueRay.
Headquartered in Montabaur, the firm serves a diverse client base ranging from private households to small and medium enterprises (SMEs) and international carriers. Beyond core connectivity, the group maintains a significant presence in the domain registry and web hosting markets through its various specialized subsidiaries.
- 1&1 mobile network rollout costs and capital expenditure pressure margins
- IONOS subsidiary performance and potential valuation uplift drive group equity value
- European broadband and mobile subscriber growth stabilizes recurring service revenues
- German regulatory decisions on spectrum allocation impact long-term infrastructure competitiveness
- Business applications segment expansion offsets slowing consumer hardware and access demand
| Net Income: 292.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 3.44 > 1.0 |
| NWC/Revenue: -13.56% < 20% (prev 7.12%; Δ -20.68% < -1%) |
| CFO/TA 0.11 > 3% & CFO 1.30b > Net Income 292.2m |
| Net Debt (4.59b) to EBITDA (1.31b): 3.50 < 3 |
| Current Ratio: 0.68 > 1.5 & < 3 |
| Outstanding Shares: last quarter (172.8m) vs 12m ago -0.23% < -2% |
| Gross Margin: 31.24% > 18% (prev 0.31%; Δ 3.09k% > 0.5%) |
| Asset Turnover: 50.34% > 50% (prev 53.42%; Δ -3.08% > 0%) |
| Interest Coverage Ratio: 4.19 > 6 (EBITDA TTM 1.31b / Interest Expense TTM 150.2m) |
| A: -0.07 (Total Current Assets 1.77b - Total Current Liabilities 2.59b) / Total Assets 12.0b |
| B: 0.23 (Retained Earnings 2.76b / Total Assets 12.0b) |
| C: 0.05 (EBIT TTM 629.6m / Avg Total Assets 12.0b) |
| D: 0.44 (Book Value of Equity 2.93b / Total Liabilities 6.73b) |
| Altman-Z'' = 1.11 = BB |
| DSRI: 1.04 (Receivables 1.13b/1.15b, Revenue 6.04b/6.39b) |
| GMI: 1.00 (GM 31.24% / 31.13%) |
| AQI: 0.98 (AQ_t 0.55 / AQ_t-1 0.56) |
| SGI: 0.94 (Revenue 6.04b / 6.39b) |
| TATA: -0.08 (NI 292.2m - CFO 1.30b) / TA 12.0b) |
| Beneish M = -3.13 (Cap -4..+1) = AA |
As of May 25, 2026, the stock is trading at EUR 26.30 with a total of 128,696 shares traded.
Over the past week, the price has changed by +0.41%,
over one month by -0.34%,
over three months by +2.24% and
over the past year by +17.27%.
United Internet NA has no consensus analysts rating.
P/E Trailing = 16.4375
P/E Forward = 7.2727
P/S = 0.7389
P/B = 0.9671
P/EG = 1.5902
Revenue TTM = 6.04b EUR
EBIT TTM = 629.6m EUR
EBITDA TTM = 1.31b EUR
Long Term Debt = 2.09b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.29b EUR (from shortTermDebt, last quarter)
Debt = 4.64b EUR (from shortLongTermDebtTotal, last quarter) + Leases 1.26b
Net Debt = 4.59b EUR (calculated: Debt 4.64b - CCE 43.9m)
Enterprise Value = 9.14b EUR (4.55b + Debt 4.64b - CCE 43.9m)
Interest Coverage Ratio = 4.19 (Ebit TTM 629.6m / Interest Expense TTM 150.2m)
EV/FCF = 16.04x (Enterprise Value 9.14b / FCF TTM 569.9m)
FCF Yield = 6.23% (FCF TTM 569.9m / Enterprise Value 9.14b)
FCF Margin = 9.44% (FCF TTM 569.9m / Revenue TTM 6.04b)
Net Margin = 4.84% (Net Income TTM 292.2m / Revenue TTM 6.04b)
Gross Margin = 31.24% ((Revenue TTM 6.04b - Cost of Revenue TTM 4.15b) / Revenue TTM)
Gross Margin QoQ = 31.91% (prev 29.11%)
Tobins Q-Ratio = 0.76 (Enterprise Value 9.14b / Total Assets 12.0b)
Interest Expense / Debt = 3.24% (Interest Expense 150.2m / Debt 4.64b)
Taxrate = 29.81% (35.7m / 119.7m)
NOPAT = 442.0m (EBIT 629.6m * (1 - 29.81%))
Current Ratio = 0.68 (Total Current Assets 1.77b / Total Current Liabilities 2.59b)
Debt / Equity = 0.98 (Debt 4.64b / totalStockholderEquity, last quarter 4.71b)
Debt / EBITDA = 3.50 (Net Debt 4.59b / EBITDA 1.31b)
Debt / FCF = 8.06 (Net Debt 4.59b / FCF TTM 569.9m)
Total Stockholder Equity = 4.63b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.44% (Net Income 292.2m / Total Assets 12.0b)
RoE = 6.31% (Net Income TTM 292.2m / Total Stockholder Equity 4.63b)
RoCE = 9.37% (EBIT 629.6m / Capital Employed (Equity 4.63b + L.T.Debt 2.09b))
RoIC = 4.12% (NOPAT 442.0m / Invested Capital 10.7b)
WACC = 4.79% (E(4.55b)/V(9.18b) * Re(7.36%) + D(4.64b)/V(9.18b) * Rd(3.24%) * (1-Tc(0.30)))
Discount Rate = 7.36% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -41.40 | Cagr: -0.55%
[DCF] Terminal Value 77.97% ; FCFF base≈404.3m ; Y1≈463.5m ; Y5≈682.2m
[DCF] Fair Price = 32.81 (EV 10.3b - Net Debt 4.59b = Equity 5.67b / Shares 172.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -1.10 | # QB: -1
Revenue Correlation: 9.35 | Revenue CAGR: 0.22% | SUE: 0.0 | # QB: 0
EPS current Year (2026-12-31): EPS=1.84 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+49.5% | GrowthRev=+3.9%
EPS next Year (2027-12-31): EPS=2.14 | Chg30d=N/A | Revisions=+20% | GrowthEPS=+16.5% | GrowthRev=+2.9%
[Analyst] Revisions Ratio: +20%