KONINKLIJKE KPN NV (KPN.AS) Stock Fundamental Analysis
Europe • Euronext Amsterdam • AMS:KPN • NL0000009082
4.109 EUR
+0.02 (+0.44%)
Last: Jan 30, 2026, 02:02 PM
KPN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 35 industry peers in the Diversified Telecommunication Services industry. While KPN belongs to the best of the industry regarding profitability, there are concerns on its financial health. KPN is valied quite expensively at the moment, while it does show a decent growth rate. Finally KPN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- KPN had positive earnings in the past year.
- KPN had a positive operating cash flow in the past year.
- In the past 5 years KPN has always been profitable.
- KPN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- KPN has a better Return On Assets (6.43%) than 85.71% of its industry peers.
- The Return On Equity of KPN (23.51%) is better than 88.57% of its industry peers.
- KPN has a better Return On Invested Capital (10.05%) than 85.71% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for KPN is in line with the industry average of 8.42%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.43% | ||
| ROE | 23.51% | ||
| ROIC | 10.05% |
ROA(3y)6.38%
ROA(5y)6.75%
ROE(3y)21.85%
ROE(5y)25.23%
ROIC(3y)10.15%
ROIC(5y)9.14%
1.3 Margins
- KPN has a better Profit Margin (14.24%) than 80.00% of its industry peers.
- In the last couple of years the Profit Margin of KPN has grown nicely.
- The Operating Margin of KPN (25.11%) is better than 94.29% of its industry peers.
- KPN's Operating Margin has improved in the last couple of years.
- KPN has a Gross Margin of 78.55%. This is amongst the best in the industry. KPN outperforms 85.71% of its industry peers.
- KPN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.11% | ||
| PM (TTM) | 14.24% | ||
| GM | 78.55% |
OM growth 3Y7.85%
OM growth 5Y7.45%
PM growth 3Y-16.33%
PM growth 5Y4.6%
GM growth 3Y1.42%
GM growth 5Y0.59%
2. Health
2.1 Basic Checks
- KPN has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- The number of shares outstanding for KPN has been reduced compared to 1 year ago.
- The number of shares outstanding for KPN has been reduced compared to 5 years ago.
- KPN has a worse debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 1.23, we must say that KPN is in the distress zone and has some risk of bankruptcy.
- KPN's Altman-Z score of 1.23 is in line compared to the rest of the industry. KPN outperforms 54.29% of its industry peers.
- The Debt to FCF ratio of KPN is 7.79, which is on the high side as it means it would take KPN, 7.79 years of fcf income to pay off all of its debts.
- KPN has a Debt to FCF ratio (7.79) which is comparable to the rest of the industry.
- A Debt/Equity ratio of 2.03 is on the high side and indicates that KPN has dependencies on debt financing.
- Looking at the Debt to Equity ratio, with a value of 2.03, KPN is doing worse than 77.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.03 | ||
| Debt/FCF | 7.79 | ||
| Altman-Z | 1.23 |
ROIC/WACC1.68
WACC5.98%
2.3 Liquidity
- KPN has a Current Ratio of 0.72. This is a bad value and indicates that KPN is not financially healthy enough and could expect problems in meeting its short term obligations.
- KPN's Current ratio of 0.72 is in line compared to the rest of the industry. KPN outperforms 48.57% of its industry peers.
- KPN has a Quick Ratio of 0.72. This is a bad value and indicates that KPN is not financially healthy enough and could expect problems in meeting its short term obligations.
- Looking at the Quick ratio, with a value of 0.70, KPN is in line with its industry, outperforming 48.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.72 | ||
| Quick Ratio | 0.7 |
3. Growth
3.1 Past
- The earnings per share for KPN have decreased by -5.25% in the last year.
- The Earnings Per Share has been growing slightly by 7.03% on average over the past years.
- The Revenue has been growing slightly by 3.00% in the past year.
- Measured over the past years, KPN shows a small growth in Revenue. The Revenue has been growing by 0.42% on average per year.
EPS 1Y (TTM)-5.25%
EPS 3Y-8.8%
EPS 5Y7.03%
EPS Q2Q%-2.57%
Revenue 1Y (TTM)3%
Revenue growth 3Y2.15%
Revenue growth 5Y0.42%
Sales Q2Q%-0.27%
3.2 Future
- KPN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.72% yearly.
- KPN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.19% yearly.
EPS Next Y4.12%
EPS Next 2Y8.76%
EPS Next 3Y7.65%
EPS Next 5Y8.72%
Revenue Next Year3.45%
Revenue Next 2Y2.6%
Revenue Next 3Y2.44%
Revenue Next 5Y1.19%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 19.57, which indicates a rather expensive current valuation of KPN.
- KPN's Price/Earnings is on the same level as the industry average.
- KPN is valuated rather cheaply when we compare the Price/Earnings ratio to 28.39, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 15.79, which indicates a correct valuation of KPN.
- KPN's Price/Forward Earnings is on the same level as the industry average.
- When comparing the Price/Forward Earnings ratio of KPN to the average of the S&P500 Index (25.72), we can say KPN is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.57 | ||
| Fwd PE | 15.79 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, KPN is valued a bit more expensive than 62.86% of the companies in the same industry.
- KPN's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.51 | ||
| EV/EBITDA | 8.12 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- The excellent profitability rating of KPN may justify a higher PE ratio.
PEG (NY)4.75
PEG (5Y)2.78
EPS Next 2Y8.76%
EPS Next 3Y7.65%
5. Dividend
5.1 Amount
- KPN has a Yearly Dividend Yield of 4.53%, which is a nice return.
- Compared to an average industry Dividend Yield of 3.26, KPN has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, KPN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.53% |
5.2 History
- On average, the dividend of KPN grows each year by 6.22%, which is quite nice.
Dividend Growth(5Y)6.22%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
- 82.58% of the earnings are spent on dividend by KPN. This is not a sustainable payout ratio.
- The dividend of KPN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP82.58%
EPS Next 2Y8.76%
EPS Next 3Y7.65%
KONINKLIJKE KPN NV / KPN.AS FAQ
Can you provide the ChartMill fundamental rating for KONINKLIJKE KPN NV?
ChartMill assigns a fundamental rating of 5 / 10 to KPN.AS.
What is the valuation status of KONINKLIJKE KPN NV (KPN.AS) stock?
ChartMill assigns a valuation rating of 3 / 10 to KONINKLIJKE KPN NV (KPN.AS). This can be considered as Overvalued.
How profitable is KONINKLIJKE KPN NV (KPN.AS) stock?
KONINKLIJKE KPN NV (KPN.AS) has a profitability rating of 8 / 10.
How financially healthy is KONINKLIJKE KPN NV?
The financial health rating of KONINKLIJKE KPN NV (KPN.AS) is 2 / 10.
What is the expected EPS growth for KONINKLIJKE KPN NV (KPN.AS) stock?
The Earnings per Share (EPS) of KONINKLIJKE KPN NV (KPN.AS) is expected to grow by 4.12% in the next year.