Obermatt

KPN

AEX:KPN · NL0000009082
Diversified Telecommunication ServicesSmall

360

39
EV / EBIT35
Price / Owner Earnings26
Owner Earnings Yield47
Dividend Yield77
Price/Sales28
EV / Gross Profit21
Price/Book30
Return on Capital85
Cash Return on Capital64
Return on Equity84
EBIT Margin85
Gross Profitability65
Cash Conversion38
Accruals19
Owner Earnings Margin70
Sales growth23
Profit Growth96
Long-Term EPS Growth73
Owner Earnings Growth57
Reinvestment34
Price momentum58
Debt load9
Refinancing33
Debt Payback45
Liquidity36
Analyst ratings22
Opinion Changes50
Price Target Upside26
Market mood73
Value Creation16/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

KPN generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryNetherlands
IndustryDiversified Telecommunication Services
SizeSmall
TypePublic Company
ExchangeENXTAM
Employees10,639
Websitekpn.com
ISINNL0000009082
Last UpdateApr 2, 2026
Themes
Cloud InfrastructureOptical InfrastructureNetwork SecurityEnterprise Voip and TelephonyNetwork Backbone5GVoIP

Description

Koninklijke KPN N.V. provides telecommunications and information technology (IT) services in the Netherlands. Business Segments The company operates through several key business segments, the main segments include Consumer, Business, and Wholesale.…

Analysis

Middle-of-the-road

Koninklijke KPN N.V. sits in the middle of our grid: average quality, average price, no obvious signal in either direction. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is fair. The owner-earnings multiple stands at 20.3×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 6% a year, against analyst forecasts of 12%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is stretched. The company scores 16/20 on our value-creation score: strong value creator.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
49
2023202420252026

All-time high

57

Nov 2025

All-time low

18

Mar 2026

Average rank

40

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
28
19
9
21
Price/Earnings
48
51
31
34
Price/Book
30
18
14
16
Dividend Yield
77
50
44
50
Value (overall)
49
23
12
12

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →