KONINKLIJKE KPN NV (KPN.AS) Stock Fundamental Analysis
Europe • Euronext Amsterdam • AMS:KPN • NL0000009082
4.188 EUR
+0.08 (+1.95%)
Last: Feb 2, 2026, 07:00 PM
KPN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 31 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 has a valuation in line with the averages, but on the other hand it scores bad on growth. KPN also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
- In the past year KPN was profitable.
- In the past year KPN had a positive cash flow from operations.
- Of the past 5 years KPN 4 years were profitable.
- KPN had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- KPN has a better Return On Assets (6.43%) than 80.65% of its industry peers.
- With an excellent Return On Equity value of 23.51%, KPN belongs to the best of the industry, outperforming 83.87% of the companies in the same industry.
- With an excellent Return On Invested Capital value of 10.05%, KPN belongs to the best of the industry, outperforming 80.65% of the companies in the same industry.
- KPN had an Average Return On Invested Capital over the past 3 years of 10.15%. This is in line with the industry average of 8.68%.
| 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
- KPN has a better Profit Margin (14.24%) than 80.65% of its industry peers.
- In the last couple of years the Profit Margin of KPN has grown nicely.
- With an excellent Operating Margin value of 25.11%, KPN belongs to the best of the industry, outperforming 90.32% of the companies in the same industry.
- KPN's Operating Margin has improved in the last couple of years.
- The Gross Margin of KPN (78.55%) is better than 83.87% 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
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so KPN is still 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.
2.2 Solvency
- KPN has an Altman-Z score of 1.24. This is a bad value and indicates that KPN is not financially healthy and even has some risk of bankruptcy.
- The Altman-Z score of KPN (1.24) is better than 61.29% of its industry peers.
- 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 (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.
- KPN has a Debt to Equity ratio of 2.03. This is in the lower half of the industry: KPN underperforms 77.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.03 | ||
| Debt/FCF | 7.79 | ||
| Altman-Z | 1.24 |
ROIC/WACC1.67
WACC6.01%
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 of 0.72. This is comparable to the rest of the industry: KPN outperforms 45.16% 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.
- 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 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%-0.27%
3.2 Future
- The Earnings Per Share is expected to grow by 12.67% on average over the next years. This is quite good.
- KPN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.73% yearly.
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 5Y1.73%
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.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 19.94, which indicates a rather expensive current valuation of KPN.
- KPN's Price/Earnings is on the same level as the industry average.
- KPN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.41.
- The Price/Forward Earnings ratio is 16.09, 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 (25.64), we can say KPN is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.94 | ||
| Fwd PE | 16.09 |
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 61.29% of the companies listed in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of KPN is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.85 | ||
| EV/EBITDA | 8.15 |
4.3 Compensation for Growth
- KPN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- The excellent profitability rating of KPN may justify a higher PE ratio.
- A more expensive valuation may be justified as KPN's earnings are expected to grow with 14.13% in the coming years.
PEG (NY)0.8
PEG (5Y)N/A
EPS Next 2Y14.75%
EPS Next 3Y14.13%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 4.45%, KPN is a good candidate for dividend investing.
- KPN's Dividend Yield is a higher than the industry average which is at 3.09.
- Compared to an average S&P500 Dividend Yield of 1.83, KPN pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.45% |
5.2 History
- The dividend of KPN is nicely growing with an annual growth rate of 6.22%!
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.
- 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%
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.