KONINKLIJKE KPN NV (KPN.AS)
NL0000009082 - Common Stock
Taking everything into account, KPN scores 5 out of 10 in our fundamental rating. KPN was compared to 30 industry peers in the Diversified Telecommunication Services industry. While KPN has a great profitability rating, there are quite some concerns on its financial health. KPN has a correct valuation and a medium growth rate. Finally KPN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
KPN had positive earnings in the past year.
In the past year KPN had a positive cash flow from operations.
In the past 5 years KPN has always been profitable.
In the past 5 years KPN always reported a positive cash flow from operatings.
1.2 Ratios
KPN has a Return On Assets of 6.28%. This is amongst the best in the industry. KPN outperforms 93.10% of its industry peers.
The Return On Equity of KPN (22.14%) is better than 93.10% of its industry peers.
With an excellent Return On Invested Capital value of 10.34%, KPN belongs to the best of the industry, outperforming 89.66% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for KPN is in line with the industry average of 7.65%.
The 3 year average ROIC (9.06%) for KPN is below the current ROIC(10.34%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.28% | ||
| ROE | 22.14% | ||
| ROIC | 10.34% |
ROA(3y)7.6%
ROA(5y)6.49%
ROE(3y)27.51%
ROE(5y)25.69%
ROIC(3y)9.06%
ROIC(5y)8.46%
1.3 Margins
With an excellent Profit Margin value of 14.78%, KPN belongs to the best of the industry, outperforming 86.21% of the companies in the same industry.
In the last couple of years the Profit Margin of KPN has grown nicely.
KPN's Operating Margin of 24.98% is amongst the best of the industry. KPN outperforms 93.10% of its industry peers.
In the last couple of years the Operating Margin of KPN has grown nicely.
KPN's Gross Margin of 78.46% is amongst the best of the industry. KPN outperforms 82.76% of its industry peers.
KPN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.98% | ||
| PM (TTM) | 14.78% | ||
| GM | 78.46% |
OM growth 3Y11.6%
OM growth 5Y8.43%
PM growth 3Y12.26%
PM growth 5Y30.05%
GM growth 3Y1.22%
GM growth 5Y0.54%
2. Health
2.1 Basic Checks
KPN has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, KPN has less shares outstanding
Compared to 5 years ago, KPN has less shares outstanding
KPN has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.00, we must say that KPN is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of KPN (1.00) is worse than 62.07% of its industry peers.
KPN has a debt to FCF ratio of 7.27. This is a slightly negative value and a sign of low solvency as KPN would need 7.27 years to pay back of all of its debts.
The Debt to FCF ratio of KPN (7.27) is better than 62.07% of its industry peers.
A Debt/Equity ratio of 1.67 is on the high side and indicates that KPN has dependencies on debt financing.
With a Debt to Equity ratio value of 1.67, KPN is not doing good in the industry: 79.31% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.67 | ||
| Debt/FCF | 7.27 | ||
| Altman-Z | 1 |
ROIC/WACC1.82
WACC5.68%
2.3 Liquidity
KPN has a Current Ratio of 0.70. 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 has a Current ratio of 0.70. This is comparable to the rest of the industry: KPN outperforms 48.28% of its industry peers.
KPN has a Quick Ratio of 0.70. This is a bad value and indicates that KPN is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.68, KPN perfoms like the industry average, outperforming 55.17% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.68 |
3. Growth
3.1 Past
KPN shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.89%.
KPN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 29.35% yearly.
Looking at the last year, KPN shows a small growth in Revenue. The Revenue has grown by 2.41% in the last year.
Measured over the past years, KPN shows a decrease in Revenue. The Revenue has been decreasing by -0.72% on average per year.
EPS 1Y (TTM)7.89%
EPS 3Y15.44%
EPS 5Y29.35%
EPS Q2Q%N/A
Revenue 1Y (TTM)2.41%
Revenue growth 3Y1.03%
Revenue growth 5Y-0.72%
Sales Q2Q%3.8%
3.2 Future
The Earnings Per Share is expected to grow by 7.89% on average over the next years.
The Revenue is expected to grow by 2.44% on average over the next years.
EPS Next Y6.26%
EPS Next 2Y7.89%
EPS Next 3Y7.68%
EPS Next 5Y7.89%
Revenue Next Year3.61%
Revenue Next 2Y3.09%
Revenue Next 3Y2.83%
Revenue Next 5Y2.44%
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 decreasing.
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
A Price/Earnings ratio of 16.70 indicates a correct valuation of KPN.
KPN's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 27.54. KPN is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 14.69, which indicates a correct valuation of KPN.
KPN's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 23.99. KPN is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.7 | ||
| Fwd PE | 14.69 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of KPN indicates a slightly more expensive valuation: KPN is more expensive than 62.07% of the companies listed in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as KPN.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.68 | ||
| EV/EBITDA | 7.54 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates KPN does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of KPN may justify a higher PE ratio.
PEG (NY)2.67
PEG (5Y)0.57
EPS Next 2Y7.89%
EPS Next 3Y7.68%
5. Dividend
5.1 Amount
KPN has a Yearly Dividend Yield of 4.67%, which is a nice return.
Compared to an average industry Dividend Yield of 5.50, KPN pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.36, KPN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.67% |
5.2 History
The dividend of KPN has a limited annual growth rate of 3.14%.
Dividend Growth(5Y)3.14%
Div Incr Years6
Div Non Decr Years6
5.3 Sustainability
KPN pays out 73.01% of its income as dividend. This is not a sustainable payout ratio.
KPN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP73.01%
EPS Next 2Y7.89%
EPS Next 3Y7.68%
KONINKLIJKE KPN NV
AMS:KPN (12/24/2024, 7:00:00 PM)
3.506
+0.01 (+0.37%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)
Earnings (Next)
Inst Owners64.73%
Inst Owner ChangeN/A
Ins Owners0.12%
Ins Owner ChangeN/A
Market Cap13.63B
Analysts71.54
Price Target4 (14.09%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.67% |
Dividend Growth(5Y)3.14%
DP73.01%
Div Incr Years6
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.58%
Min EPS beat(2)-21.84%
Max EPS beat(2)10.69%
EPS beat(4)3
Avg EPS beat(4)1.43%
Min EPS beat(4)-21.84%
Max EPS beat(4)12.28%
EPS beat(8)7
Avg EPS beat(8)10.15%
EPS beat(12)11
Avg EPS beat(12)15.43%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-0.5%
Min Revenue beat(2)-1.01%
Max Revenue beat(2)0%
Revenue beat(4)1
Avg Revenue beat(4)-0.15%
Min Revenue beat(4)-1.01%
Max Revenue beat(4)1.34%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.93%
PT rev (3m)2.68%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.79%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.21%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.7 | ||
| Fwd PE | 14.69 | ||
| P/S | 2.51 | ||
| P/FCF | 13.68 | ||
| P/OCF | 5.97 | ||
| P/B | 3.75 | ||
| P/tB | 20.88 | ||
| EV/EBITDA | 7.54 |
EPS(TTM)0.21
EY5.99%
EPS(NY)0.24
Fwd EY6.81%
FCF(TTM)0.26
FCFY7.31%
OCF(TTM)0.59
OCFY16.75%
SpS1.4
BVpS0.93
TBVpS0.17
PEG (NY)2.67
PEG (5Y)0.57
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.28% | ||
| ROE | 22.14% | ||
| ROCE | 13.46% | ||
| ROIC | 10.34% | ||
| ROICexc | 11.66% | ||
| ROICexgc | 17.42% | ||
| OM | 24.98% | ||
| PM (TTM) | 14.78% | ||
| GM | 78.46% | ||
| FCFM | 18.33% |
ROA(3y)7.6%
ROA(5y)6.49%
ROE(3y)27.51%
ROE(5y)25.69%
ROIC(3y)9.06%
ROIC(5y)8.46%
ROICexc(3y)9.83%
ROICexc(5y)9.25%
ROICexgc(3y)14.1%
ROICexgc(5y)13.64%
ROCE(3y)11.77%
ROCE(5y)10.97%
ROICexcg growth 3Y7.61%
ROICexcg growth 5Y6.58%
ROICexc growth 3Y10.98%
ROICexc growth 5Y7.73%
OM growth 3Y11.6%
OM growth 5Y8.43%
PM growth 3Y12.26%
PM growth 5Y30.05%
GM growth 3Y1.22%
GM growth 5Y0.54%
F-Score7
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.67 | ||
| Debt/FCF | 7.27 | ||
| Debt/EBITDA | 2.37 | ||
| Cap/Depr | 106.54% | ||
| Cap/Sales | 23.66% | ||
| Interest Coverage | 6.26 | ||
| Cash Conversion | 88.98% | ||
| Profit Quality | 124.01% | ||
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.68 | ||
| Altman-Z | 1 |
F-Score7
WACC5.68%
ROIC/WACC1.82
Cap/Depr(3y)92.24%
Cap/Depr(5y)90%
Cap/Sales(3y)22.96%
Cap/Sales(5y)23.77%
Profit Quality(3y)108.84%
Profit Quality(5y)111.28%
High Growth Momentum
Growth
EPS 1Y (TTM)7.89%
EPS 3Y15.44%
EPS 5Y29.35%
EPS Q2Q%N/A
EPS Next Y6.26%
EPS Next 2Y7.89%
EPS Next 3Y7.68%
EPS Next 5Y7.89%
Revenue 1Y (TTM)2.41%
Revenue growth 3Y1.03%
Revenue growth 5Y-0.72%
Sales Q2Q%3.8%
Revenue Next Year3.61%
Revenue Next 2Y3.09%
Revenue Next 3Y2.83%
Revenue Next 5Y2.44%
EBIT growth 1Y10.13%
EBIT growth 3Y12.76%
EBIT growth 5Y7.65%
EBIT Next Year106.97%
EBIT Next 3Y29.98%
EBIT Next 5Y17.97%
FCF growth 1Y-1.19%
FCF growth 3Y27.55%
FCF growth 5Y-0.18%
OCF growth 1Y5.89%
OCF growth 3Y3.15%
OCF growth 5Y1.23%