Financials Royal KPN N.V.

Equities

KPN

NL0000009082

Integrated Telecommunications Services

Market Closed - Euronext Amsterdam 11:39:11 2024-05-31 am EDT 5-day change 1st Jan Change
3.444 EUR -.--% Intraday chart for Royal KPN N.V. -.--% +10.46%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 11,038 10,435 11,257 11,459 12,442 13,537 - -
Enterprise Value (EV) 1 16,186 15,767 17,831 16,894 18,024 19,710 19,612 19,825
P/E ratio 17.5 x 19.1 x 8.81 x 16.1 x 15.6 x 16 x 14.5 x 13.3 x
Yield 4.75% 5.23% 4.98% 4.95% 4.81% 4.9% 5.19% 5.57%
Capitalization / Revenue 2.01 x 1.98 x 2.14 x 2.15 x 2.28 x 2.42 x 2.37 x 2.31 x
EV / Revenue 2.95 x 2.99 x 3.39 x 3.17 x 3.31 x 3.52 x 3.43 x 3.38 x
EV / EBITDA 6.99 x 6.8 x 7.6 x 7.03 x 7.45 x 7.53 x 7.27 x 7.13 x
EV / FCF 22.3 x 20.6 x 22.7 x 19.6 x 20.3 x 20.5 x 19.6 x 19 x
FCF Yield 4.49% 4.85% 4.4% 5.1% 4.92% 4.88% 5.1% 5.26%
Price to Book 4.4 x 3.98 x 3.55 x 3.19 x 3.45 x 3.72 x 3.53 x 3.44 x
Nbr of stocks (in thousands) 4,195,544 4,195,914 4,123,551 3,964,897 3,990,322 3,930,527 - -
Reference price 2 2.631 2.487 2.730 2.890 3.118 3.444 3.444 3.444
Announcement Date 1/29/20 1/27/21 2/21/22 1/31/23 1/31/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,486 5,275 5,256 5,327 5,448 5,597 5,723 5,860
EBITDA 1 2,317 2,320 2,347 2,404 2,420 2,619 2,699 2,779
EBIT 1 1,041 912 1,862 1,214 1,342 1,368 1,442 1,539
Operating Margin 18.98% 17.29% 35.43% 22.79% 24.63% 24.45% 25.2% 26.26%
Earnings before Tax (EBT) 1 663 649 1,627 993 1,088 1,102 1,204 1,305
Net income 1 614 561 1,288 760 844 846.8 919.7 993.5
Net margin 11.19% 10.64% 24.51% 14.27% 15.49% 15.13% 16.07% 16.95%
EPS 2 0.1500 0.1300 0.3100 0.1800 0.2000 0.2150 0.2372 0.2584
Free Cash Flow 1 726 765 784 862 886 962.7 999.5 1,042
FCF margin 13.23% 14.5% 14.92% 16.18% 16.26% 17.2% 17.47% 17.79%
FCF Conversion (EBITDA) 31.33% 32.97% 33.4% 35.86% 36.61% 36.76% 37.04% 37.5%
FCF Conversion (Net income) 118.24% 136.36% 60.87% 113.42% 104.98% 113.69% 108.68% 104.92%
Dividend per Share 2 0.1250 0.1300 0.1360 0.1430 0.1500 0.1687 0.1789 0.1917
Announcement Date 1/29/20 1/27/21 2/21/22 1/31/23 1/31/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 - - - 2,584 1,312 1,358 1,311 1,314 1,337 1,366 1,333 1,331 1,334 1,421 1,377 1,381 1,409 1,453 -
EBITDA 1 - - - 1,156 607 584 593 595 618 598 584 596 629 611 605 640.4 675.1 669.8 -
EBIT 1 - - - - - 252 291 307 325 291 - - - 323 337 346.2 364.5 342.7 -
Operating Margin - - - - - 18.56% 22.2% 23.36% 24.31% 21.3% - - - 22.73% 24.47% 25.07% 25.87% 23.59% -
Earnings before Tax (EBT) 1 - - - - - 187 - - - - - - - 262 221 277.1 283 278 -
Net income 1 - - - - 185 164 179 - - 190 - - - - 175 213.8 216.3 219.7 -
Net margin - - - - 14.1% 12.08% 13.65% - - 13.91% - - - - 12.71% 15.48% 15.36% 15.12% -
EPS 2 - - - - 0.0500 0.0400 0.0400 0.0500 0.0500 0.0400 0.0500 0.0500 0.0500 0.0500 0.0400 0.0522 0.0530 0.0541 -
Dividend per Share 2 0.0830 0.0430 0.0900 - - 0.0930 - 0.0480 - 0.0950 - - - 0.0980 0.0850 - - 0.0850 -
Announcement Date 1/29/20 7/27/20 1/27/21 7/27/21 10/26/21 2/21/22 4/29/22 7/26/22 10/26/22 1/31/23 4/26/23 7/24/23 10/25/23 1/31/24 4/15/24 - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 5,148 5,332 6,574 5,435 5,582 6,174 6,076 6,289
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.222 x 2.298 x 2.801 x 2.261 x 2.307 x 2.357 x 2.251 x 2.263 x
Free Cash Flow 1 726 765 784 862 886 963 1,000 1,042
ROE (net income / shareholders' equity) 28% 21.9% 21.4% 22.1% 23.4% 24.1% 25.3% 26.8%
ROA (Net income/ Total Assets) 4.85% 4.6% 10.4% 6.15% 6.97% 6.83% 6.65% 7.18%
Assets 1 12,655 12,192 12,409 12,350 12,108 12,394 13,823 13,835
Book Value Per Share 2 0.6000 0.6200 0.7700 0.9000 0.9000 0.9300 0.9700 1.000
Cash Flow per Share 2 0.4800 0.4700 0.5100 0.5200 0.5300 0.5600 0.5700 0.5800
Capex 1 1,115 1,147 1,216 1,206 1,248 1,224 1,216 1,208
Capex / Sales 20.32% 21.74% 23.14% 22.64% 22.91% 21.86% 21.25% 20.62%
Announcement Date 1/29/20 1/27/21 2/21/22 1/31/23 1/31/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
22
Last Close Price
3.444 EUR
Average target price
3.687 EUR
Spread / Average Target
+7.06%
Consensus
  1. Stock Market
  2. Equities
  3. KPN Stock
  4. Financials Royal KPN N.V.