KONINKLIJKE KPN NV (KPN.AS) Stock Fundamental Analysis
Europe - AMS:KPN - NL0000009082 - Common Stock
4.094 EUR
-0.05 (-1.16%)
KPN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 30 industry peers in the Diversified Telecommunication Services industry. KPN scores excellent on profitability, but there are concerns on its financial health. KPN is quite expensive at the moment. It does show a decent growth rate. 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.
KPN had positive earnings in each of the past 5 years.
In the past 5 years KPN always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of KPN (6.43%) is better than 93.33% of its industry peers.
KPN has a Return On Equity of 23.51%. This is amongst the best in the industry. KPN outperforms 93.33% of its industry peers.
KPN's Return On Invested Capital of 10.05% is amongst the best of the industry. KPN outperforms 90.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for KPN is above the industry average of 7.68%.
| 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
Looking at the Profit Margin, with a value of 14.24%, KPN belongs to the top of the industry, outperforming 93.33% of the companies in the same industry.
KPN's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 25.11%, KPN belongs to the top of the industry, outperforming 93.33% of the companies in the same industry.
KPN's Operating Margin has improved in the last couple of years.
With an excellent Gross Margin value of 78.55%, KPN belongs to the best of the industry, outperforming 86.67% of the companies in the same industry.
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so KPN is still 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.
The debt/assets ratio for KPN is higher compared to a year ago.
2.2 Solvency
KPN has an Altman-Z score of 1.26. This is a bad value and indicates that KPN is not financially healthy and even has some risk of bankruptcy.
KPN has a Altman-Z score (1.26) which is comparable to the rest of the industry.
KPN has a debt to FCF ratio of 7.79. This is a slightly negative value and a sign of low solvency as KPN would need 7.79 years to pay back of all of its debts.
KPN has a Debt to FCF ratio of 7.79. This is comparable to the rest of the industry: KPN outperforms 50.00% of its industry peers.
A Debt/Equity ratio of 2.03 is on the high side and indicates that KPN has dependencies on debt financing.
KPN has a worse Debt to Equity ratio (2.03) than 76.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.03 | ||
| Debt/FCF | 7.79 | ||
| Altman-Z | 1.26 |
ROIC/WACC1.68
WACC5.98%
2.3 Liquidity
A Current Ratio of 0.72 indicates that KPN may have some problems paying its short term obligations.
KPN has a Current ratio (0.72) which is in line with 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.
KPN has a Quick ratio (0.70) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.72 | ||
| Quick Ratio | 0.7 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 2.44% over the past 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.
The Revenue has been growing slightly by 0.42% on average over the past years.
EPS 1Y (TTM)2.44%
EPS 3Y-8.8%
EPS 5Y7.03%
EPS Q2Q%-16.67%
Revenue 1Y (TTM)3%
Revenue growth 3Y2.15%
Revenue growth 5Y0.42%
Sales Q2Q%5.82%
3.2 Future
Based on estimates for the next years, KPN will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.14% on average per year.
The Revenue is expected to grow by 1.57% on average over the next years.
EPS Next Y4.09%
EPS Next 2Y7.55%
EPS Next 3Y7.66%
EPS Next 5Y8.14%
Revenue Next Year3.48%
Revenue Next 2Y2.73%
Revenue Next 3Y2.52%
Revenue Next 5Y1.57%
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 stable.
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 19.50 indicates a rather expensive valuation of KPN.
KPN's Price/Earnings ratio is a bit cheaper when compared to the industry. KPN is cheaper than 63.33% of the companies in the same industry.
KPN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.41.
With a Price/Forward Earnings ratio of 16.09, KPN is valued correctly.
KPN's Price/Forward Earnings is on the same level as the industry average.
KPN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.5 | ||
| Fwd PE | 16.09 |
4.2 Price Multiples
KPN's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of KPN indicates a slightly more expensive valuation: KPN is more expensive than 63.33% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.73 | ||
| EV/EBITDA | 8.29 |
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)4.77
PEG (5Y)2.77
EPS Next 2Y7.55%
EPS Next 3Y7.66%
5. Dividend
5.1 Amount
KPN has a Yearly Dividend Yield of 4.13%, which is a nice return.
KPN's Dividend Yield is comparable with the industry average which is at 4.57.
Compared to an average S&P500 Dividend Yield of 2.38, KPN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.13% |
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
KPN pays out 82.58% of its income as dividend. 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 2Y7.55%
EPS Next 3Y7.66%
AMS:KPN (9/18/2025, 5:36:15 PM)
4.094
-0.05 (-1.16%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)
Earnings (Next)
Inst Owners57.65%
Inst Owner ChangeN/A
Ins Owners0.11%
Ins Owner ChangeN/A
Market Cap15.92B
Analysts71.2
Price Target4.34 (6.01%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.13% |
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)9.61%
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)0.87%
PT rev (3m)3.75%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.98%
EPS NY rev (1m)-4.72%
EPS NY rev (3m)-4.72%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.41%
Revenue NY rev (1m)0.36%
Revenue NY rev (3m)0.65%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.5 | ||
| Fwd PE | 16.09 | ||
| P/S | 2.84 | ||
| P/FCF | 17.73 | ||
| P/OCF | 7.36 | ||
| P/B | 4.69 | ||
| P/tB | 66.9 | ||
| EV/EBITDA | 8.29 |
EPS(TTM)0.21
EY5.13%
EPS(NY)0.25
Fwd EY6.22%
FCF(TTM)0.23
FCFY5.64%
OCF(TTM)0.56
OCFY13.59%
SpS1.44
BVpS0.87
TBVpS0.06
PEG (NY)4.77
PEG (5Y)2.77
Profitability
| Industry Rank | Sector 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%
ROICexcg growth 3Y10.82%
ROICexcg 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 Rank | Sector 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 | 1.26 |
F-Score8
WACC5.98%
ROIC/WACC1.68
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)2.44%
EPS 3Y-8.8%
EPS 5Y7.03%
EPS Q2Q%-16.67%
EPS Next Y4.09%
EPS Next 2Y7.55%
EPS Next 3Y7.66%
EPS Next 5Y8.14%
Revenue 1Y (TTM)3%
Revenue growth 3Y2.15%
Revenue growth 5Y0.42%
Sales Q2Q%5.82%
Revenue Next Year3.48%
Revenue Next 2Y2.73%
Revenue Next 3Y2.52%
Revenue Next 5Y1.57%
EBIT growth 1Y3.53%
EBIT growth 3Y10.18%
EBIT growth 5Y7.9%
EBIT Next Year94.35%
EBIT Next 3Y26.93%
EBIT Next 5Y15.34%
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%