KONINKLIJKE KPN NV (KPN.AS) Stock Fundamental Analysis

AMS:KPN • NL0000009082

4.592 EUR
-0.09 (-1.86%)
Last: Feb 13, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

KPN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 33 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 valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

8

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.
  • KPN had positive earnings in 4 of the past 5 years.
  • Of the past 5 years KPN 4 years had a positive operating cash flow.
KPN.AS Yearly Net Income VS EBIT VS OCF VS FCFKPN.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

1.2 Ratios

  • With an excellent Return On Assets value of 6.43%, KPN belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
  • The Return On Equity of KPN (23.51%) is better than 84.85% of its industry peers.
  • KPN has a better Return On Invested Capital (10.05%) than 81.82% 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 8.33%.
Industry RankSector 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%
KPN.AS Yearly ROA, ROE, ROICKPN.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

1.3 Margins

  • KPN has a Profit Margin of 14.24%. This is amongst the best in the industry. KPN outperforms 81.82% of its industry peers.
  • In the last couple of years the Profit Margin of KPN has grown nicely.
  • Looking at the Operating Margin, with a value of 25.11%, KPN belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.
  • In the last couple of years the Operating Margin of KPN has grown nicely.
  • The Gross Margin of KPN (78.55%) is better than 81.82% of its industry peers.
  • KPN's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
KPN.AS Yearly Profit, Operating, Gross MarginsKPN.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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2

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.
  • There is no outstanding debt for KPN. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
KPN.AS Yearly Shares OutstandingKPN.AS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B
KPN.AS Yearly Total Debt VS Total AssetsKPN.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B

2.2 Solvency

  • KPN has an Altman-Z score of 1.36. This is a bad value and indicates that KPN is not financially healthy and even has some risk of bankruptcy.
  • KPN's Altman-Z score of 1.36 is fine compared to the rest of the industry. KPN outperforms 66.67% 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.
  • With a Debt to FCF ratio value of 7.79, KPN perfoms like the industry average, outperforming 54.55% of the companies in the same industry.
  • KPN has a Debt/Equity ratio of 2.03. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 2.03, KPN is doing worse than 78.79% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 2.03
Debt/FCF 7.79
Altman-Z 1.36
ROIC/WACC1.65
WACC6.1%
KPN.AS Yearly LT Debt VS Equity VS FCFKPN.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 0.72 indicates that KPN may have some problems paying its short term obligations.
  • The Current ratio of KPN (0.72) is comparable to the rest of the industry.
  • A Quick Ratio of 0.70 indicates that KPN may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.70, KPN is not doing good in the industry: 60.61% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.72
Quick Ratio 0.7
KPN.AS Yearly Current Assets VS Current LiabilitesKPN.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • The earnings per share for KPN have decreased by -5.25% in the last year.
  • KPN shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.14% yearly.
EPS 1Y (TTM)-5.25%
EPS 3Y3.14%
EPS 5YN/A
EPS Q2Q%-2.57%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%2.7%

3.2 Future

  • The Earnings Per Share is expected to grow by 12.67% on average over the next years. This is quite good.
  • Based on estimates for the next years, KPN will show a small growth in Revenue. The Revenue will grow by 1.11% on average per year.
EPS Next Y24.84%
EPS Next 2Y14.75%
EPS Next 3Y14.13%
EPS Next 5Y12.67%
Revenue Next Year1.77%
Revenue Next 2Y1.94%
Revenue Next 3Y1.41%
Revenue Next 5Y1.11%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
KPN.AS Yearly Revenue VS EstimatesKPN.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2B 4B 6B
KPN.AS Yearly EPS VS EstimatesKPN.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0.1 0.2 0.3

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 21.87, the valuation of KPN can be described as rather expensive.
  • KPN's Price/Earnings ratio is in line with the industry average.
  • KPN is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.68, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 17.64, which indicates a rather expensive current valuation of KPN.
  • Based on the Price/Forward Earnings ratio, KPN is valued a bit more expensive than 60.61% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.06, KPN is valued a bit cheaper.
Industry RankSector Rank
PE 21.87
Fwd PE 17.64
KPN.AS Price Earnings VS Forward Price EarningsKPN.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, KPN is valued a bit more expensive than the industry average as 63.64% of the companies are valued more cheaply.
  • KPN's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 19.57
EV/EBITDA 8.83
KPN.AS Per share dataKPN.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.5 1

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • KPN has an outstanding profitability rating, which may justify a higher PE ratio.
  • KPN's earnings are expected to grow with 14.13% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.88
PEG (5Y)N/A
EPS Next 2Y14.75%
EPS Next 3Y14.13%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • KPN has a Yearly Dividend Yield of 3.89%.
  • KPN's Dividend Yield is a higher than the industry average which is at 3.14.
  • KPN's Dividend Yield is rather good when compared to the S&P500 average which is at 1.84.
Industry RankSector Rank
Dividend Yield 3.89%

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
KPN.AS Yearly Dividends per shareKPN.AS Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.05 0.1 0.15

5.3 Sustainability

  • 82.58% of the earnings are spent on dividend by KPN. This is not a sustainable payout ratio.
  • KPN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP82.58%
EPS Next 2Y14.75%
EPS Next 3Y14.13%
KPN.AS Yearly Income VS Free CF VS DividendKPN.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
KPN.AS Dividend Payout.KPN.AS Dividend Payout, showing the Payout Ratio.KPN.AS Dividend Payout.PayoutRetained Earnings

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KONINKLIJKE KPN NV

AMS:KPN (2/13/2026, 7:00:00 PM)

4.592

-0.09 (-1.86%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)01-28
Earnings (Next)04-22
Inst Owners69.49%
Inst Owner ChangeN/A
Ins Owners0.11%
Ins Owner ChangeN/A
Market Cap17.58B
Revenue(TTM)N/A
Net Income(TTM)798.00M
Analysts71.67
Price Target4.47 (-2.66%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.89%
Yearly Dividend0.17
Dividend Growth(5Y)6.22%
DP82.58%
Div Incr Years6
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-24.07%
Min EPS beat(2)-27.99%
Max EPS beat(2)-20.15%
EPS beat(4)2
Avg EPS beat(4)-7.86%
Min EPS beat(4)-27.99%
Max EPS beat(4)10.01%
EPS beat(8)5
Avg EPS beat(8)-3.21%
EPS beat(12)9
Avg EPS beat(12)4.15%
EPS beat(16)13
Avg EPS beat(16)9.26%
Revenue beat(2)1
Avg Revenue beat(2)0.41%
Min Revenue beat(2)-0.91%
Max Revenue beat(2)1.73%
Revenue beat(4)2
Avg Revenue beat(4)-0.05%
Min Revenue beat(4)-1.16%
Max Revenue beat(4)1.73%
Revenue beat(8)3
Avg Revenue beat(8)-0.1%
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)0.13%
PT rev (3m)0.88%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0.43%
EPS NY rev (3m)0.11%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.07%
Valuation
Industry RankSector Rank
PE 21.87
Fwd PE 17.64
P/S 3.14
P/FCF 19.57
P/OCF 8.12
P/B 5.18
P/tB 73.85
EV/EBITDA 8.83
EPS(TTM)0.21
EY4.57%
EPS(NY)0.26
Fwd EY5.67%
FCF(TTM)0.23
FCFY5.11%
OCF(TTM)0.57
OCFY12.31%
SpS1.46
BVpS0.89
TBVpS0.06
PEG (NY)0.88
PEG (5Y)N/A
Graham Number2.05
Profitability
Industry RankSector Rank
ROA 6.43%
ROE 23.51%
ROCE 12.99%
ROIC 10.05%
ROICexc 10.4%
ROICexgc 14.86%
OM 25.11%
PM (TTM) 14.24%
GM 78.55%
FCFM 16.03%
ROA(3y)6.38%
ROA(5y)6.75%
ROE(3y)21.85%
ROE(5y)25.23%
ROIC(3y)10.15%
ROIC(5y)9.14%
ROICexc(3y)10.93%
ROICexc(5y)9.93%
ROICexgc(3y)15.72%
ROICexgc(5y)14.55%
ROCE(3y)13.12%
ROCE(5y)11.8%
ROICexgc growth 3Y10.82%
ROICexgc growth 5Y5.54%
ROICexc growth 3Y10.74%
ROICexc growth 5Y6.37%
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%
F-Score8
Asset Turnover0.45
Health
Industry RankSector Rank
Debt/Equity 2.03
Debt/FCF 7.79
Debt/EBITDA 2.52
Cap/Depr 95.84%
Cap/Sales 22.6%
Interest Coverage 4.94
Cash Conversion 79.33%
Profit Quality 112.53%
Current Ratio 0.72
Quick Ratio 0.7
Altman-Z 1.36
F-Score8
WACC6.1%
ROIC/WACC1.65
Cap/Depr(3y)99.71%
Cap/Depr(5y)96.69%
Cap/Sales(3y)23.04%
Cap/Sales(5y)24.4%
Profit Quality(3y)124.87%
Profit Quality(5y)106.46%
High Growth Momentum
Growth
EPS 1Y (TTM)-5.25%
EPS 3Y3.14%
EPS 5YN/A
EPS Q2Q%-2.57%
EPS Next Y24.84%
EPS Next 2Y14.75%
EPS Next 3Y14.13%
EPS Next 5Y12.67%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%2.7%
Revenue Next Year1.77%
Revenue Next 2Y1.94%
Revenue Next 3Y1.41%
Revenue Next 5Y1.11%
EBIT growth 1Y3.53%
EBIT growth 3Y10.18%
EBIT growth 5Y7.9%
EBIT Next Year94.99%
EBIT Next 3Y27.05%
EBIT Next 5Y15.79%
FCF growth 1Y-3.96%
FCF growth 3Y1.56%
FCF growth 5Y1.25%
OCF growth 1Y-0.96%
OCF growth 3Y2.1%
OCF growth 5Y2.44%

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 4 / 10 to KONINKLIJKE KPN NV (KPN.AS). This can be considered as Fairly Valued.


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 24.84% in the next year.