KONINKLIJKE KPN NV (KPN.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:KPN • NL0000009082

4.403 EUR
-0.03 (-0.74%)
Last: Feb 5, 2026, 07:00 PM
Fundamental Rating

5

Taking everything into account, KPN scores 5 out of 10 in our fundamental rating. KPN was compared to 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 it does not seem to be growing. Finally KPN also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • In the past year KPN was profitable.
  • KPN had a positive operating cash flow in the past year.
  • Of the past 5 years KPN 4 years were profitable.
  • KPN had a positive operating cash flow in 4 of the past 5 years.
KPN.DE Yearly Net Income VS EBIT VS OCF VS FCFKPN.DE 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

  • KPN has a better Return On Assets (6.43%) than 80.65% of its industry peers.
  • KPN's Return On Equity of 23.51% is amongst the best of the industry. KPN outperforms 83.87% of its industry peers.
  • KPN has a Return On Invested Capital of 10.05%. This is amongst the best in the industry. KPN outperforms 80.65% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for KPN is in line with the industry average of 8.68%.
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.DE Yearly ROA, ROE, ROICKPN.DE 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 better Profit Margin (14.24%) than 80.65% of its industry peers.
  • KPN's Profit Margin has improved in the last couple of years.
  • KPN has a Operating Margin of 25.11%. This is amongst the best in the industry. KPN outperforms 90.32% of its industry peers.
  • KPN's Operating Margin has improved in the last couple of years.
  • KPN has a better Gross Margin (78.55%) than 83.87% 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.DE Yearly Profit, Operating, Gross MarginsKPN.DE 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

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so KPN is still creating some value.
  • KPN has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
KPN.DE Yearly Shares OutstandingKPN.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B
KPN.DE Yearly Total Debt VS Total AssetsKPN.DE 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

  • Based on the Altman-Z score of 1.32, we must say that KPN is in the distress zone and has some risk of bankruptcy.
  • KPN has a better Altman-Z score (1.32) than 61.29% 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.
  • The Debt to FCF ratio of KPN (7.79) 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.
  • The Debt to Equity ratio of KPN (2.03) is worse than 77.42% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.03
Debt/FCF 7.79
Altman-Z 1.32
ROIC/WACC1.66
WACC6.06%
KPN.DE Yearly LT Debt VS Equity VS FCFKPN.DE 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

  • KPN has a Current 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.
  • With a Current ratio value of 0.72, KPN perfoms like the industry average, outperforming 45.16% of the companies in the same industry.
  • A Quick Ratio of 0.70 indicates that KPN may have some problems paying its short term obligations.
  • KPN has a Quick ratio of 0.70. This is comparable to the rest of the industry: KPN outperforms 41.94% of its industry peers.
Industry RankSector Rank
Current Ratio 0.72
Quick Ratio 0.7
KPN.DE Yearly Current Assets VS Current LiabilitesKPN.DE 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

  • KPN shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.25%.
  • 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%N/A

3.2 Future

  • KPN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.67% yearly.
  • 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

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

  • A Price/Earnings ratio of 20.97 indicates a rather expensive valuation of KPN.
  • Compared to the rest of the industry, the Price/Earnings ratio of KPN is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Earnings ratio of 27.67, KPN is valued a bit cheaper.
  • KPN is valuated correctly with a Price/Forward Earnings ratio of 16.92.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of KPN indicates a slightly more expensive valuation: KPN is more expensive than 61.29% of the companies listed in the same industry.
  • When comparing the Price/Forward Earnings ratio of KPN to the average of the S&P500 Index (27.20), we can say KPN is valued slightly cheaper.
Industry RankSector Rank
PE 20.97
Fwd PE 16.92
KPN.DE Price Earnings VS Forward Price EarningsKPN.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • 61.29% of the companies in the same industry are cheaper than KPN, based on the Enterprise Value to EBITDA ratio.
  • KPN's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 18.77
EV/EBITDA 8.61
KPN.DE Per share dataKPN.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.5 1

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.
  • KPN's earnings are expected to grow with 14.13% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.84
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

7

5. Dividend

5.1 Amount

  • KPN has a Yearly Dividend Yield of 4.45%, which is a nice return.
  • 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 1.82, KPN pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.45%

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 YearsN/A
Div Non Decr YearsN/A
KPN.DE Yearly Dividends per shareKPN.DE Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2026 0.02 0.04 0.06 0.08 0.1

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.DE Yearly Income VS Free CF VS DividendKPN.DE 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.DE Dividend Payout.KPN.DE Dividend Payout, showing the Payout Ratio.KPN.DE Dividend Payout.PayoutRetained Earnings

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KONINKLIJKE KPN NV

FRA:KPN (2/5/2026, 7:00:00 PM)

4.403

-0.03 (-0.74%)

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 Cap16.85B
Revenue(TTM)N/A
Net Income(TTM)798.00M
Analysts71.3
Price Target4.47 (1.52%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 4.45%
Yearly Dividend0.17
Dividend Growth(5Y)6.22%
DP82.58%
Div Incr YearsN/A
Div Non Decr YearsN/A
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)-0.18%
Min Revenue beat(2)-2.1%
Max Revenue beat(2)1.73%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
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%
PT rev (3m)N/A
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.43%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 20.97
Fwd PE 16.92
P/S 3.01
P/FCF 18.77
P/OCF 7.79
P/B 4.96
P/tB 70.81
EV/EBITDA 8.61
EPS(TTM)0.21
EY4.77%
EPS(NY)0.26
Fwd EY5.91%
FCF(TTM)0.23
FCFY5.33%
OCF(TTM)0.57
OCFY12.84%
SpS1.46
BVpS0.89
TBVpS0.06
PEG (NY)0.84
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 1.32
F-Score8
WACC6.06%
ROIC/WACC1.66
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%N/A
Revenue Next Year1.77%
Revenue Next 2Y1.94%
Revenue Next 3Y1.41%
Revenue Next 5Y1.73%
EBIT growth 1Y3.53%
EBIT growth 3Y10.18%
EBIT growth 5Y7.9%
EBIT Next Year94.99%
EBIT Next 3Y27.05%
EBIT Next 5Y18.84%
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.DE FAQ

Can you provide the ChartMill fundamental rating for KONINKLIJKE KPN NV?

ChartMill assigns a fundamental rating of 5 / 10 to KPN.DE.


What is the valuation status of KONINKLIJKE KPN NV (KPN.DE) stock?

ChartMill assigns a valuation rating of 4 / 10 to KONINKLIJKE KPN NV (KPN.DE). This can be considered as Fairly Valued.


How profitable is KONINKLIJKE KPN NV (KPN.DE) stock?

KONINKLIJKE KPN NV (KPN.DE) has a profitability rating of 8 / 10.


How financially healthy is KONINKLIJKE KPN NV?

The financial health rating of KONINKLIJKE KPN NV (KPN.DE) is 2 / 10.


What is the expected EPS growth for KONINKLIJKE KPN NV (KPN.DE) stock?

The Earnings per Share (EPS) of KONINKLIJKE KPN NV (KPN.DE) is expected to grow by 24.84% in the next year.