(KPN) Koninklijke KPN - Overview
Exchange: AS •
Country: Netherlands •
Currency: EUR •
Type: Common Stock •
ISIN: NL0000009082
Stock: Mobile, Broadband, Television, IT, Cloud
Total Rating 57
Risk 75
Buy Signal 0.22
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 4.38% |
| Yield on Cost 5y | 13.40% |
| Yield CAGR 5y | 7.30% |
| Payout Consistency | 76.5% |
| Payout Ratio | 79.6% |
| Risk 5d forecast | |
|---|---|
| Volatility | 28.8% |
| Relative Tail Risk | -2.84% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.48 |
| Alpha | 30.22 |
| Character TTM | |
|---|---|
| Beta | -0.156 |
| Beta Downside | -0.193 |
| Drawdowns 3y | |
|---|---|
| Max DD | 10.88% |
| CAGR/Max DD | 1.56 |
Description: KPN Koninklijke KPN January 02, 2026
Koninklijke KPN N.V. (AS:KPN) is the Netherlands’ leading integrated telecom and IT provider, operating across Consumer, Business, Wholesale & Network, and Operations & IT segments. It delivers fixed-line and mobile voice, broadband, and TV services to retail and enterprise customers, while also offering wholesale network capacity, cloud, workspace, and cybersecurity solutions under brands such as KPN, XS4ALL, Simyo, and KPN Security.
Key operational metrics (2023) include roughly 5.2 million mobile subscribers, 2.5 million fixed-line broadband customers, and an EBITDA margin of about 31 %, supported by €2.5 bn of annual capex focused on 5G rollout and fiber-to-the-home expansion. The Dutch market’s high penetration rates and EU-wide broadband funding programs are primary growth levers, while regulatory price caps on wholesale access create a stable, though tightly managed, revenue floor.
For a deeper quantitative breakdown, the ValueRay platform offers a granular view of KPN’s valuation metrics and peer comparisons.
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income: 1.70b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 0.47 > 1.0 |
| NWC/Revenue: -3.82% < 20% (prev -9.99%; Δ 6.16% < -1%) |
| CFO/TA 0.17 > 3% & CFO 2.16b > Net Income 1.70b |
| Net Debt (7.00b) to EBITDA (5.03b): 1.39 < 3 |
| Current Ratio: 0.72 > 1.5 & < 3 |
| Outstanding Shares: last quarter (4.16b) vs 12m ago -7.96% < -2% |
| Gross Margin: 48.28% > 18% (prev 0.37%; Δ 4791 % > 0.5%) |
| Asset Turnover: 93.50% > 50% (prev 45.30%; Δ 48.20% > 0%) |
| Interest Coverage Ratio: 3.87 > 6 (EBITDA TTM 5.03b / Interest Expense TTM 530.0m) |
Altman Z'' -0.40
| A: -0.04 (Total Current Assets 1.15b - Total Current Liabilities 1.58b) / Total Assets 12.42b |
| B: -0.40 (Retained Earnings -4.96b / Total Assets 12.42b) |
| C: 0.17 (EBIT TTM 2.05b / Avg Total Assets 12.22b) |
| D: 0.0 (Book Value of Equity 0.0 / Total Liabilities 8.98b) |
| Altman-Z'' Score: -0.40 = B |
What is the price of KPN shares?
As of February 09, 2026, the stock is trading at EUR 4.48 with a total of 9,618,577 shares traded.
Over the past week, the price has changed by +6.90%, over one month by +15.03%, over three months by +14.65% and over the past year by +32.56%.
Over the past week, the price has changed by +6.90%, over one month by +15.03%, over three months by +14.65% and over the past year by +32.56%.
Is KPN a buy, sell or hold?
Koninklijke KPN has no consensus analysts rating.
What are the forecasts/targets for the KPN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 4.3 | -4.7% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 5.5 | 22.1% |
KPN Fundamental Data Overview February 09, 2026
Market Cap USD = 20.25b (17.12b EUR * 1.1827 EUR.USD)
P/E Trailing = 20.35
P/E Forward = 16.5837
P/S = 2.9379
P/B = 5.0436
P/EG = 2.0611
Revenue TTM = 11.43b EUR
EBIT TTM = 2.05b EUR
EBITDA TTM = 5.03b EUR
Long Term Debt = 6.25b EUR (from longTermDebt, two quarters ago)
Short Term Debt = 177.0m EUR (from shortTermDebt, two quarters ago)
Debt = 7.00b EUR (from shortLongTermDebtTotal, two quarters ago)
Net Debt = 7.00b EUR (using Total Debt 7.00b, CCE unavailable)
Enterprise Value = 24.12b EUR (17.12b + Debt 7.00b - (null CCE))
Interest Coverage Ratio = 3.87 (Ebit TTM 2.05b / Interest Expense TTM 530.0m)
EV/FCF = 19.92x (Enterprise Value 24.12b / FCF TTM 1.21b)
FCF Yield = 5.02% (FCF TTM 1.21b / Enterprise Value 24.12b)
FCF Margin = 10.60% (FCF TTM 1.21b / Revenue TTM 11.43b)
Net Margin = 14.91% (Net Income TTM 1.70b / Revenue TTM 11.43b)
Gross Margin = 48.28% ((Revenue TTM 11.43b - Cost of Revenue TTM 5.91b) / Revenue TTM)
Gross Margin QoQ = 53.21% (prev 53.45%)
Tobins Q-Ratio = 1.94 (Enterprise Value 24.12b / Total Assets 12.42b)
Interest Expense / Debt = 3.86% (Interest Expense 270.0m / Debt 7.00b)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = 1.54b (EBIT 2.05b * (1 - 25.00%))
Current Ratio = 0.72 (Total Current Assets 1.15b / Total Current Liabilities 1.58b)
Debt / Equity = 2.06 (Debt 7.00b / totalStockholderEquity, two quarters ago 3.40b)
Debt / EBITDA = 1.39 (Net Debt 7.00b / EBITDA 5.03b)
Debt / FCF = 5.78 (Net Debt 7.00b / FCF TTM 1.21b)
Total Stockholder Equity = 3.49b (last 4 quarters mean from totalStockholderEquity)
RoA = 13.94% (Net Income 1.70b / Total Assets 12.42b)
RoE = 48.82% (Net Income TTM 1.70b / Total Stockholder Equity 3.49b)
RoCE = 21.09% (EBIT 2.05b / Capital Employed (Equity 3.49b + L.T.Debt 6.25b))
RoIC = 15.60% (NOPAT 1.54b / Invested Capital 9.87b)
WACC = 4.63% (E(17.12b)/V(24.12b) * Re(5.34%) + D(7.00b)/V(24.12b) * Rd(3.86%) * (1-Tc(0.25)))
Discount Rate = 5.34% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -4.06%
[DCF Debug] Terminal Value 86.44% ; FCFF base≈1.17b ; Y1≈1.19b ; Y5≈1.28b
Fair Price DCF = 8.15 (EV 38.17b - Net Debt 7.00b = Equity 31.17b / Shares 3.82b; r=5.90% [WACC]; 5y FCF grow 0.67% → 2.90% )
EPS Correlation: 53.99 | EPS CAGR: 16.09% | SUE: 0.0 | # QB: 0
Revenue Correlation: 78.93 | Revenue CAGR: 24.75% | SUE: 0.01 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.06 | Chg30d=N/A | Revisions Net=+0 | Analysts=1
EPS current Year (2026-12-31): EPS=0.26 | Chg30d=-0.003 | Revisions Net=+0 | Growth EPS=+12.2% | Growth Revenue=+1.4%
EPS next Year (2027-12-31): EPS=0.27 | Chg30d=-0.002 | Revisions Net=+0 | Growth EPS=+4.5% | Growth Revenue=+2.0%
P/E Trailing = 20.35
P/E Forward = 16.5837
P/S = 2.9379
P/B = 5.0436
P/EG = 2.0611
Revenue TTM = 11.43b EUR
EBIT TTM = 2.05b EUR
EBITDA TTM = 5.03b EUR
Long Term Debt = 6.25b EUR (from longTermDebt, two quarters ago)
Short Term Debt = 177.0m EUR (from shortTermDebt, two quarters ago)
Debt = 7.00b EUR (from shortLongTermDebtTotal, two quarters ago)
Net Debt = 7.00b EUR (using Total Debt 7.00b, CCE unavailable)
Enterprise Value = 24.12b EUR (17.12b + Debt 7.00b - (null CCE))
Interest Coverage Ratio = 3.87 (Ebit TTM 2.05b / Interest Expense TTM 530.0m)
EV/FCF = 19.92x (Enterprise Value 24.12b / FCF TTM 1.21b)
FCF Yield = 5.02% (FCF TTM 1.21b / Enterprise Value 24.12b)
FCF Margin = 10.60% (FCF TTM 1.21b / Revenue TTM 11.43b)
Net Margin = 14.91% (Net Income TTM 1.70b / Revenue TTM 11.43b)
Gross Margin = 48.28% ((Revenue TTM 11.43b - Cost of Revenue TTM 5.91b) / Revenue TTM)
Gross Margin QoQ = 53.21% (prev 53.45%)
Tobins Q-Ratio = 1.94 (Enterprise Value 24.12b / Total Assets 12.42b)
Interest Expense / Debt = 3.86% (Interest Expense 270.0m / Debt 7.00b)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = 1.54b (EBIT 2.05b * (1 - 25.00%))
Current Ratio = 0.72 (Total Current Assets 1.15b / Total Current Liabilities 1.58b)
Debt / Equity = 2.06 (Debt 7.00b / totalStockholderEquity, two quarters ago 3.40b)
Debt / EBITDA = 1.39 (Net Debt 7.00b / EBITDA 5.03b)
Debt / FCF = 5.78 (Net Debt 7.00b / FCF TTM 1.21b)
Total Stockholder Equity = 3.49b (last 4 quarters mean from totalStockholderEquity)
RoA = 13.94% (Net Income 1.70b / Total Assets 12.42b)
RoE = 48.82% (Net Income TTM 1.70b / Total Stockholder Equity 3.49b)
RoCE = 21.09% (EBIT 2.05b / Capital Employed (Equity 3.49b + L.T.Debt 6.25b))
RoIC = 15.60% (NOPAT 1.54b / Invested Capital 9.87b)
WACC = 4.63% (E(17.12b)/V(24.12b) * Re(5.34%) + D(7.00b)/V(24.12b) * Rd(3.86%) * (1-Tc(0.25)))
Discount Rate = 5.34% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -4.06%
[DCF Debug] Terminal Value 86.44% ; FCFF base≈1.17b ; Y1≈1.19b ; Y5≈1.28b
Fair Price DCF = 8.15 (EV 38.17b - Net Debt 7.00b = Equity 31.17b / Shares 3.82b; r=5.90% [WACC]; 5y FCF grow 0.67% → 2.90% )
EPS Correlation: 53.99 | EPS CAGR: 16.09% | SUE: 0.0 | # QB: 0
Revenue Correlation: 78.93 | Revenue CAGR: 24.75% | SUE: 0.01 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.06 | Chg30d=N/A | Revisions Net=+0 | Analysts=1
EPS current Year (2026-12-31): EPS=0.26 | Chg30d=-0.003 | Revisions Net=+0 | Growth EPS=+12.2% | Growth Revenue=+1.4%
EPS next Year (2027-12-31): EPS=0.27 | Chg30d=-0.002 | Revisions Net=+0 | Growth EPS=+4.5% | Growth Revenue=+2.0%