AI And Cloud Will Shape Secure European Communications

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

17 Feb 25

Updated

14 Dec 25

Views

12

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

-30.5%

7D

-6.8%

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1Y

-30.5%

7D

-6.8%

You can edit this narrative until Dec 15 8:10 PM. Then, changes will post as Updates.

Author's Valuation

€8.0355.4% undervalued

AnalystConsensusTarget Fair Value

Shared on 14 Dec 25

Fair value Decreased 19%

NFN: AI Project Momentum Will Support Profits Despite Softer Cloud Telephony

Analysts have trimmed their price target on NFON from €9.90 to €8.03, citing slightly softer expectations for revenue growth, slimmer profit margins and a lower future P E multiple. What's in the News Management Board lowers 2025 Group revenue growth guidance to 1.0% to 2.5%, down from 3% to 5%, after weaker than expected third quarter revenue in core cloud telephony, despite solid AI driven project business momentum (company guidance).

Shared on 01 May 25

Fair value Increased 40%

Shared on 23 Apr 25

Fair value Decreased 2.74%

AnalystConsensusTarget has increased profit margin from 7.6% to 9.3% and decreased future PE multiple from 16.6x to 12.9x.

Shared on 17 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Decreased 24%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

Fair value Decreased 5.88%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 13 Mar 25

AnalystConsensusTarget Fair Value

€8.03

55.4% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

7.92%

Telecom Services and Carriers revenue growth rate

2.27%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

5.13%

Calculation

€8.53m

Earnings '28

x

15.32x

PE Ratio '28

=

€130.60m

Market Cap '28

€130.60m

Market Cap '28

/

14.70m

No. shares '28

=

€8.88

Share Price '28

€8.88 Share Price '28

Discounted to 2025 @ 5.11% p.a.

=

€7.65

Fair Value '25