Koninklijke KPN N.V.

ENXTAM:KPN Stock Report

Market Cap: €16.8b

Koninklijke KPN Valuation

Is KPN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of KPN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: KPN (€4.45) is trading below our estimate of future cash flow value (€10.06)

Significantly Below Future Cash Flow Value: KPN is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KPN?

Key metric: As KPN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for KPN. This is calculated by dividing KPN's market cap by their current earnings.
What is KPN's PE Ratio?
PE Ratio20.3x
Earnings€830.00m
Market Cap€16.83b

Price to Earnings Ratio vs Peers

How does KPN's PE Ratio compare to its peers?

The above table shows the PE ratio for KPN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average35.2x
T TELUS
28.1x14.81%CA$26.9b
788 China Tower
11.6x11.54%HK$169.6b
VIVT3 Telefônica Brasil
16.7x12.46%R$106.3b
TIT Telecom Italia
84.5x29.08%€16.3b
KPN Koninklijke KPN
20.3x8.13%€16.8b

Price-To-Earnings vs Peers: KPN is good value based on its Price-To-Earnings Ratio (20.3x) compared to the peer average (35.2x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does KPN's PE Ratio compare vs other companies in the European Telecom Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
KPN 20.3xIndustry Avg. 18.4xNo. of Companies12PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KPN is expensive based on its Price-To-Earnings Ratio (20.3x) compared to the European Telecom industry average (17.9x).

Price to Earnings Ratio vs Fair Ratio

What is KPN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KPN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate KPN's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst KPN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€4.45
€4.50
+1.06%
14.51%€5.30€2.30n/a20
Jun ’27€4.43
€4.50
+1.56%
14.51%€5.30€2.30n/a20
May ’27€4.56
€4.50
-1.42%
14.51%€5.30€2.30n/a20
Apr ’27€4.77
€4.34
-9.07%
14.08%€5.30€2.30n/a20
Mar ’27€4.80
€4.31
-10.30%
13.71%€5.30€2.30n/a20
Feb ’27€4.11
€4.25
+3.49%
13.32%€5.30€2.30n/a21
Jan ’27€3.98
€4.24
+6.74%
13.79%€5.30€2.30n/a20
Dec ’26€3.94
€4.21
+6.75%
13.38%€5.00€2.30n/a20
Nov ’26€4.02
€4.22
+5.06%
13.60%€5.00€2.30n/a20
Oct ’26€4.09
€4.16
+1.86%
13.81%€4.80€2.30n/a21
Sep ’26€4.09
€4.10
+0.29%
13.05%€4.80€2.30n/a21
Aug ’26€3.98
€4.10
+2.91%
13.05%€4.80€2.30n/a21
Jul ’26€4.14
€4.05
-2.16%
13.25%€4.78€2.30n/a21
Jun ’26€4.14
€4.01
-3.01%
12.93%€4.70€2.30€4.4321
May ’26€4.10
€4.01
-2.11%
12.96%€4.70€2.30€4.5621
Apr ’26€3.93
€3.92
-0.14%
12.78%€4.70€2.30€4.7720
Mar ’26€3.68
€3.92
+6.40%
12.82%€4.70€2.30€4.8020
Feb ’26€3.49
€3.91
+12.06%
12.95%€4.70€2.30€4.1120
Jan ’26€3.52
€3.89
+10.80%
12.86%€4.70€2.30€3.9821
Dec ’25€3.67
€3.89
+6.02%
12.74%€4.70€2.30€3.9420
Nov ’25€3.63
€3.86
+6.34%
12.53%€4.70€2.30€4.0221
Oct ’25€3.65
€3.83
+4.95%
12.03%€4.50€2.30€4.0921
Sep ’25€3.69
€3.80
+2.86%
12.32%€4.50€2.30€4.0920
Aug ’25€3.63
€3.79
+4.55%
12.44%€4.50€2.30€3.9820
Jul ’25€3.61
€3.70
+2.56%
13.07%€4.60€2.30€4.1421
Jun ’25€3.44
€3.69
+7.06%
13.08%€4.60€2.30€4.1421
€4.5
Fair Value
1.0% undervalued intrinsic discount
20
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/10 05:25
End of Day Share Price 2026/06/10 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Koninklijke KPN N.V. is covered by 41 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William Noel MilnerArete Research Services LLP
Stéphane SchlatterBanco Santander
Maurice PatrickBarclays