View ValuationCellnex Telecom 향후 성장Future 기준 점검 3/6Cellnex Telecom (는) 각각 연간 80.8% 및 4.6% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 79% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 0.5% 로 예상됩니다.핵심 정보80.8%이익 성장률78.99%EPS 성장률Telecom 이익 성장21.7%매출 성장률4.6%향후 자기자본이익률0.50%애널리스트 커버리지Good마지막 업데이트08 May 2026최근 향후 성장 업데이트Major Estimate Revision • Apr 30Consensus EPS estimates fall by 67%The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -€0.236 to -€0.394 per share. Revenue forecast unchanged at €4.34b. Telecom industry in Spain expected to see average net income growth of 19% next year. Consensus price target of €36.66 unchanged from last update. Share price was steady at €28.62 over the past week.Major Estimate Revision • Apr 15Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -€0.222 to -€0.247 per share. Revenue forecast unchanged at €4.30b. Telecom industry in Spain expected to see average net income growth of 19% next year. Consensus price target broadly unchanged at €36.78. Share price was steady at €29.72 over the past week.Major Estimate Revision • Mar 08Consensus EPS estimates fall by 156%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €4.37b to €4.29b. Losses expected to increase from €0.084 per share to €0.21. Telecom industry in Spain expected to see average net income growth of 23% next year. Consensus price target of €36.78 unchanged from last update. Share price fell 8.9% to €29.29 over the past week.Major Estimate Revision • Mar 01Consensus EPS estimates upgraded to €0.051 loss, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from €4.38b to €4.28b. 2026 losses expected to reduce from -€0.092 to -€0.051 per share. Telecom industry in Spain expected to see average net income growth of 23% next year. Consensus price target broadly unchanged at €36.78. Share price rose 5.5% to €32.14 over the past week.Major Estimate Revision • Feb 17Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€0.247 to -€0.281 per share. Revenue forecast unchanged at €4.21b. Telecom industry in Spain expected to see average net income growth of 17% next year. Consensus price target down from €37.65 to €36.69. Share price rose 6.5% to €30.50 over the past week.Major Estimate Revision • Nov 21Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€0.163 to -€0.181 per share. Revenue forecast unchanged at €4.20b. Telecom industry in Spain expected to see average net income growth of 19% next year. Consensus price target of €40.05 unchanged from last update. Share price was steady at €25.63 over the past week.모든 업데이트 보기Recent updatesBoard Change • 1hHigh number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Cynthia Gordon was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • May 02First quarter 2026 earnings releasedFirst quarter 2026 results: €0.03 loss per share. Revenue: €984.0m (down 8.4% from 1Q 2025). Net loss: €20.0m (loss narrowed 59% from 1Q 2025). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Telecom industry in Europe.Major Estimate Revision • Apr 30Consensus EPS estimates fall by 67%The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -€0.236 to -€0.394 per share. Revenue forecast unchanged at €4.34b. Telecom industry in Spain expected to see average net income growth of 19% next year. Consensus price target of €36.66 unchanged from last update. Share price was steady at €28.62 over the past week.Major Estimate Revision • Apr 15Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -€0.222 to -€0.247 per share. Revenue forecast unchanged at €4.30b. Telecom industry in Spain expected to see average net income growth of 19% next year. Consensus price target broadly unchanged at €36.78. Share price was steady at €29.72 over the past week.공시 • Mar 30Cellnex Telecom, S.A., Annual General Meeting, Apr 29, 2026Cellnex Telecom, S.A., Annual General Meeting, Apr 29, 2026. Location: paseo de la castellana 81, madrid., SpainNew Risk • Mar 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 4.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Major Estimate Revision • Mar 08Consensus EPS estimates fall by 156%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €4.37b to €4.29b. Losses expected to increase from €0.084 per share to €0.21. Telecom industry in Spain expected to see average net income growth of 23% next year. Consensus price target of €36.78 unchanged from last update. Share price fell 8.9% to €29.29 over the past week.Reported Earnings • Mar 03Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: €0.53 loss per share (further deteriorated from €0.04 loss in FY 2024). Revenue: €4.12b (up 1.2% from FY 2024). Net loss: €360.8m (loss widened €332.7m from FY 2024). Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) missed analyst estimates by 104%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Major Estimate Revision • Mar 01Consensus EPS estimates upgraded to €0.051 loss, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from €4.38b to €4.28b. 2026 losses expected to reduce from -€0.092 to -€0.051 per share. Telecom industry in Spain expected to see average net income growth of 23% next year. Consensus price target broadly unchanged at €36.78. Share price rose 5.5% to €32.14 over the past week.Major Estimate Revision • Feb 17Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€0.247 to -€0.281 per share. Revenue forecast unchanged at €4.21b. Telecom industry in Spain expected to see average net income growth of 17% next year. Consensus price target down from €37.65 to €36.69. Share price rose 6.5% to €30.50 over the past week.공시 • Feb 06+ 3 more updatesCellnex Telecom, S.A. to Report Q1, 2026 Results on Apr 30, 2026Cellnex Telecom, S.A. announced that they will report Q1, 2026 results on Apr 30, 2026분석 기사 • Jan 29At €25.62, Is It Time To Put Cellnex Telecom, S.A. (BME:CLNX) On Your Watch List?Cellnex Telecom, S.A. ( BME:CLNX ) saw significant share price movement during recent months on the BME, rising to...Upcoming Dividend • Jan 06Upcoming dividend of €0.37 per shareEligible shareholders must have bought the stock before 13 January 2026. Payment date: 15 January 2026. The company is not currently making a profit and its cash payout ratio is 81%. Trailing yield: 1.4%. Lower than top quartile of Spanish dividend payers (5.2%). Lower than average of industry peers (4.8%).내러티브 업데이트 • Dec 08CLNX: Deleveraging Progress And Contractual Cash Flows Will Drive Future ReboundCellnex Telecom's updated analyst price target has been reduced from approximately EUR 44.15 to around EUR 38.70, as analysts factor in higher discount rates, slightly softer long term revenue growth expectations, and a still-elevated but moderating future valuation multiple. Analyst Commentary Recent Street research on Cellnex Telecom reflects a more cautious stance on valuation while maintaining a generally balanced view on the company’s execution and growth prospects.Major Estimate Revision • Nov 21Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€0.163 to -€0.181 per share. Revenue forecast unchanged at €4.20b. Telecom industry in Spain expected to see average net income growth of 19% next year. Consensus price target of €40.05 unchanged from last update. Share price was steady at €25.63 over the past week.Reported Earnings • Nov 07Third quarter 2025 earnings releasedThird quarter 2025 results: €0.22 loss per share. Revenue: €995.0m (down 18% from 3Q 2024). Net loss: €148.0m (down 153% from profit in 3Q 2024). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.분석 기사 • Oct 24Is Cellnex Telecom (BME:CLNX) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Major Estimate Revision • Oct 13Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€0.143 to -€0.158 per share. Revenue forecast unchanged at €4.22b. Telecom industry in Spain expected to see average net income growth of 16% next year. Consensus price target down from €41.25 to €40.38. Share price was steady at €29.18 over the past week.분석 기사 • Oct 08Is There Now An Opportunity In Cellnex Telecom, S.A. (BME:CLNX)?Today we're going to take a look at the well-established Cellnex Telecom, S.A. ( BME:CLNX ). The company's stock...Major Estimate Revision • Oct 05Consensus EPS estimates upgraded to €0.14 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -€0.175 to -€0.143 per share. Revenue forecast steady at €4.21b. Telecom industry in Spain expected to see average net income growth of 16% next year. Consensus price target broadly unchanged at €41.21. Share price rose 3.1% to €29.58 over the past week.Major Estimate Revision • Oct 01Consensus EPS estimates upgraded to €0.14 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -€0.166 to -€0.143 per share. Revenue forecast steady at €4.21b. Telecom industry in Spain expected to see average net income growth of 16% next year. Consensus price target broadly unchanged at €41.25. Share price rose 2.7% to €29.19 over the past week.분석 기사 • Aug 23Are Investors Undervaluing Cellnex Telecom, S.A. (BME:CLNX) By 46%?Key Insights Cellnex Telecom's estimated fair value is €57.69 based on 2 Stage Free Cash Flow to Equity Cellnex...Major Estimate Revision • Aug 10Consensus EPS estimates fall by 27%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€0.131 to -€0.166 per share. Revenue forecast unchanged at €4.23b. Telecom industry in Spain expected to see average net income growth of 12% next year. Consensus price target of €41.55 unchanged from last update. Share price fell 4.1% to €30.10 over the past week.분석 기사 • Aug 08Cellnex Telecom's (BME:CLNX) Solid Profits Have Weak FundamentalsBME:CLNX 1 Year Share Price vs Fair Value Explore Cellnex Telecom's Fair Values from the Community and select yours...Major Estimate Revision • Aug 07Consensus EPS estimates fall by 36%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€0.122 to -€0.166 per share. Revenue forecast unchanged at €4.23b. Telecom industry in Spain expected to see average net income growth of 11% next year. Consensus price target of €41.55 unchanged from last update. Share price was steady at €30.46 over the past week.분석 기사 • Aug 03Cellnex Telecom, S.A. (BME:CLNX) Just Released Its Half-Year Earnings: Here's What Analysts ThinkShareholders might have noticed that Cellnex Telecom, S.A. ( BME:CLNX ) filed its half-yearly result this time last...New Risk • Aug 01New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company.분석 기사 • Jul 23We Think Cellnex Telecom (BME:CLNX) Is Taking Some Risk With Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...분석 기사 • Jun 24Cellnex Telecom, S.A. (BME:CLNX) Investors Are Less Pessimistic Than ExpectedWhen close to half the companies in the Telecom industry in Spain have price-to-sales ratios (or "P/S") below 1.2x, you...Upcoming Dividend • Jun 09Upcoming dividend of €0.017 per shareEligible shareholders must have bought the stock before 16 June 2025. Payment date: 18 June 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Spanish dividend payers (4.8%). Lower than average of industry peers (3.9%).New Risk • May 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Major Estimate Revision • May 16Consensus EPS estimates upgraded to €0.098 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -€0.198 to -€0.098 per share. Revenue forecast steady at €4.28b. Telecom industry in Spain expected to see average net income growth of 12% next year. Consensus price target broadly unchanged at €41.79. Share price fell 3.9% to €33.14 over the past week.Declared Dividend • May 12Dividend reduced to €0.017Dividend of €0.017 is 0.4% lower than last year. Ex-date: 16th June 2025 Payment date: 18th June 2025 Dividend yield will be 0.2%, which is lower than the industry average of 4.7%.Reported Earnings • May 09First quarter 2025 earnings releasedFirst quarter 2025 results: €0.069 loss per share. Revenue: €964.0m (up 1.9% from 1Q 2024). Net loss: €49.0m (loss widened 26% from 1Q 2024). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Major Estimate Revision • Apr 16Consensus EPS estimates upgraded to €0.18 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -€0.249 to -€0.185 per share. Revenue forecast steady at €4.31b. Telecom industry in Spain expected to see average net income growth of 11% next year. Consensus price target broadly unchanged at €43.14. Share price rose 13% to €34.43 over the past week.공시 • Apr 07Cellnex Telecom, S.A., Annual General Meeting, May 08, 2025Cellnex Telecom, S.A., Annual General Meeting, May 08, 2025. Location: calle de larra 14., madrid Spain공시 • Apr 02Cellnex Is Said to Kick Off €2 Billion Sale of Switzerland UnitCellnex Telecom, S.A. (BME:CLNX) has kicked off a sale of its majority stake in its Swiss business, which could fetch as much as €2 billion ($2.2 billion), according to people with knowledge of the matter. Cellnex is working with JPMorgan Chase & Co. and Societe Generale SA on the potential sale, the people said, asking not to be identified as information is private. Marketing materials were sent out last week, they said.공시 • Mar 18Cellnex Telecom Announces Appointment of Maria Alonso Alcaide as Its Global Director of Brand and ContentCellnex Telecom announced the appointment of Maria Alonso Alcaide as its new Global Director of Brand and Content, tasked with strengthening the company's communications strategy in the ten countries in which it currently operates. She will be part of the Public and Corporate Affairs and Communications team led by Ignacio Jimenez Soler.New Risk • Mar 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 4.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Major Estimate Revision • Mar 05Consensus EPS estimates fall by 569%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€0.032 to -€0.213 per share. Revenue forecast unchanged at €4.33b. Telecom industry in Spain expected to see average net income growth of 15% next year. Consensus price target broadly unchanged at €44.01. Share price was steady at €33.34 over the past week.공시 • Mar 01Phoenix Tower International LLC completed the acquisition of Cellnex Ireland Limited and Cignal Infrastructure Limited from Cellnex Telecom, S.A. (BME:CLNX).Phoenix Tower International LLC agreed to acquire Cellnex Ireland Limited and Cignal Infrastructure Limited from Cellnex Telecom, S.A. (BME:CLNX) for €970 million on March 5, 2024. The closing of this transaction is subject to regulatory approvals and Competition and Consumer Protection Commission (CCPC). Cellnex will use the proceeds of this deal to reduce its debt. As of July 25, 2024, Commission is unable, at this stage, to make a determination that the result of the Proposed Transaction will not be to substantially lessen competition in any market for goods or services in the State. Accordingly, the Commission intends to carry out a full investigation under section 22 of the Act. As of November 12, 2024, The assessment sets out the CCPC’s preliminary concerns about how the proposed acquisition could reduce competition in the passive infrastructure sector. Based on the timelines as set out in the CCPC’s merger review process, it is expected that the full investigation will conclude no later than February 2025. As of February 7, 2025, Ireland's Competition Authority has approved the sale of 100% of Cellnex's business in the country to Phoenix Tower International. The approval of the Irish Competition Authority is one of the regulatory approvals that the operation had to pass and now the final phase of the process prior to the formal closing of the transaction is underway, which will be completed in the coming weeks. Nomura is serving as exclusive financial advisor and Connor Manning, Patrick Horan, Ailish Finnerty, Deirdre Sheehan, Aaron Boyle, Louise O’Byrne, and Olivia Mullooly of Arthur Cox is serving as legal counsel to PTI. Barclays and Santander are serving as financial advisors and George Brady, Katherine Hall, Rachael Toland Burke, Conor Blennerhassett, Hilda Wrixon, Niall Collins, Simon Shinkwin, Jessica Brannigan, Zainab Masood, Patricia Einfeldt and Kelly McGann of Matheson is serving as legal counsel to Cellnex. Phoenix Tower International LLC completed the acquisition of Cellnex Ireland Limited and Cignal Infrastructure Limited from Cellnex Telecom, S.A. (BME:CLNX) on February 28, 2025. Phoenix Tower International has acquired 100% of Cellnex's business in Ireland for approximately €971 million. Following the closing and as announced in January, the Company will start its share buyback programme of up to €800 million.Reported Earnings • Feb 27Full year 2024 earnings: Revenues miss analyst expectationsFull year 2024 results: Revenue: €3.94b (up 3.6% from FY 2023). Net loss: €28.0m (loss narrowed 91% from FY 2023). Revenue missed analyst estimates by 4.7%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Telecom industry in Europe.Major Estimate Revision • Jan 22Consensus EPS estimates upgraded to €0.38 lossThe consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -€0.42 to -€0.375 per share. Revenue forecast steady at €4.16b. Telecom industry in Spain expected to see average net income growth of 21% next year. Consensus price target broadly unchanged at €44.27. Share price rose 3.6% to €32.10 over the past week.공시 • Jan 15Cellnex Telecom, S.A. (BME:CLNX) announces an Equity Buyback for €800 million worth of its shares.Cellnex Telecom, S.A. (BME:CLNX) announces a share repurchase program. Under the program, the company will repurchase up to €800 million worth of its common stock. The purpose of the program is to take advantage of the current level of the share price and reduce the company's share capital by amortising said shares. The repurchase plan is valid till December 2025.공시 • Nov 27+ 3 more updatesCellnex Telecom, S.A. to Report Q3, 2025 Results on Nov 07, 2025Cellnex Telecom, S.A. announced that they will report Q3, 2025 results on Nov 07, 2025새로운 내러티브 • Nov 24Strong European Growth And Operational Efficiency Drive Promising Future Earnings Organic revenue growth is driven by consistent PoP increases, successful build-to-suit, and co-location programs, especially in France and Poland. Major Estimate Revision • Nov 24Consensus EPS estimates upgraded to €0.47 lossThe consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -€0.595 to -€0.474 per share. Revenue forecast steady at €4.16b. Telecom industry in Spain expected to see average net income growth of 22% next year. Consensus price target broadly unchanged at €44.03. Share price rose 2.6% to €32.54 over the past week.Reported Earnings • Nov 12Third quarter 2024 earnings releasedThird quarter 2024 results: EPS: €0.39. Revenue: €1.22b (up 7.2% from 3Q 2023). Net income: €278.1m (up €282.6m from 3Q 2023). Profit margin: 23% (up from net loss in 3Q 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Declared Dividend • Nov 11First half dividend of €0.046 announcedShareholders will receive a dividend of €0.046. Ex-date: 19th November 2024 Payment date: 21st November 2024 Dividend yield will be 0.2%, which is lower than the industry average of 4.7%.Major Estimate Revision • Nov 10Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -€0.412 to -€0.456 per share. Revenue forecast unchanged at €4.16b. Telecom industry in Spain expected to see average net income growth of 28% next year. Consensus price target broadly unchanged at €44.04. Share price fell 3.0% to €33.05 over the past week.Major Estimate Revision • Oct 18Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -€0.372 to -€0.412 per share. Revenue forecast unchanged at €4.16b. Telecom industry in Spain expected to see average net income growth of 27% next year. Consensus price target of €43.93 unchanged from last update. Share price rose 2.7% to €36.33 over the past week.Reported Earnings • Aug 02Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €975.0m (up 10% from 2Q 2023). Net loss: €379.0m (loss widened 270% from 2Q 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Telecom industry in Europe.Declared Dividend • Jun 03Dividend of €0.017 announcedShareholders will receive a dividend of €0.017. Ex-date: 13th June 2024 Payment date: 17th June 2024 Dividend yield will be 0.2%, which is lower than the industry average of 4.7%.Major Estimate Revision • May 06Consensus EPS estimates upgraded to €0.24 loss, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from €4.24b to €4.15b. 2024 losses expected to reduce from -€0.268 to -€0.237 per share. Telecom industry in Spain expected to see average net income growth of 20% next year. Consensus price target broadly unchanged at €42.40. Share price rose 3.4% to €32.82 over the past week.Reported Earnings • Apr 26First quarter 2024 earnings releasedFirst quarter 2024 results: €0.055 loss per share. Revenue: €946.0m (down 4.0% from 1Q 2023). Net loss: €39.0m (loss narrowed 57% from 1Q 2023). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Telecom industry in Europe.Major Estimate Revision • Apr 22Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -€0.216 to -€0.241 per share. Revenue forecast unchanged at €4.24b. Telecom industry in Spain expected to see average net income growth of 11% next year. Consensus price target broadly unchanged at €42.76. Share price rose 2.5% to €31.07 over the past week.Major Estimate Revision • Apr 01Consensus EPS estimates upgraded to €0.19 lossThe consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -€0.253 per share to -€0.187 per share. Revenue forecast reaffirmed at €4.23b. Telecom industry in Spain expected to see average net income growth of 9.7% next year. Consensus price target broadly unchanged at €42.98. Share price was steady at €32.77 over the past week.공시 • Mar 21Cellnex Telecom, S.A., Annual General Meeting, Apr 25, 2024Cellnex Telecom, S.A., Annual General Meeting, Apr 25, 2024, at 11:30 Central European Standard Time. Location: Vandergoten street, 1, (Building of the Royal Tapestry Factory), 28014 Madrid Spain Agenda: To consider the individual annual accounts and management report and the consolidated annual accounts and management report (financial statements) for the year ended 31 December 2023; to consider the non-financial information contained in the consolidated management report for the year ended 31 December 2023; to consider the allocation of profit or loss for the year ended 31 December 2023; to consider the Board of Directors's management and activity in the year ended 31 December 2023; to consider the appointment of the auditors of the Company and its consolidated group for the financial year 2025, 2026 and 2027; to consider the re-election of directors; o consider the annual report on directors' remuneration for the year ended 31 December 2023; and to consider the other matters.Reported Earnings • Mar 03Full year 2023 earnings: Revenues in line with analyst expectationsFull year 2023 results: Revenue: €4.05b (up 25% from FY 2022). Net loss: €297.0m (flat on FY 2022). Revenue was in line with analyst estimates. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 6% per year.Major Estimate Revision • Mar 01Consensus EPS estimates fall by 87%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -€0.168 to -€0.315 per share. Revenue forecast unchanged at €4.29b. Telecom industry in Spain expected to see average net income growth of 18% next year. Consensus price target broadly unchanged at €42.73. Share price fell 2.6% to €33.27 over the past week.공시 • Mar 01Boldyn Networks Communications Uk Limited completed the acquisition of Edzcom Oy from Cellnex Telecom, S.A. (BME:CLNX).Boldyn Networks Communications Uk Limited agreed to acquire Edzcom Oy from Cellnex Telecom, S.A. (BME:CLNX) on November 10, 2023. Cellnex's private networks business unit -the Edzcom team- will become part of Boldyn's Group Strategy team as a strategic part of the company's future growth. The transaction is subject to customary regulatory and other consents and It’s expected to close in Q1 2024. DLA Piper LLP (US) acted as legal advisor to Boldyn Networks Communications Uk Limited. Bird & Bird Attorneys Ltd acted as legal advisor and PwC Corporate Finance as Financial advisor to Edzcom Oy and Cellnex Telecom, S.A. Boldyn Networks Communications Uk Limited completed the acquisition of Edzcom Oy from Cellnex Telecom, S.A. (BME:CLNX) on March 01, 2024.공시 • Feb 15Asterion, SBA Communications and Phoenix Reportedly Circle Cellnex's Irish UnitSBA Communications Corporation (NasdaqGS:SBAC), Phoenix Tower and Asterion Industrial Partners are vying for Cellnex Telecom, S.A. (BME:CLNX) Irish unit, according to five sources familiar with the matter. Mobile phone tower operator Cellnex is advised by Santander (SAN.MC), and Barclays (BARC.L), on the deal and binding offers from the three parties are expected next week, three of the sources added, speaking on condition of anonymity. A deal would value Cellnex's Irish unit, which manages almost 2,000 sites in the country, close to EUR 1 billion ($1.08 billion), the fourth person said. Cellnex declined to comment.공시 • Feb 02Cellnex Telecom, S.A. Names Daniel Pataki as New Director of Regulation and European AffairsCellnex Telecom, S.A. has announced the appointment of Daniel Pataki as the group's new Director of Regulation and European Affairs. Pataki will report directly to Cellnex CEO Marco Patuano, and will join the Group's Executive Committee.공시 • Jan 23Cellnex Reportedly Considers Polish Unit Stake Sale, Taps AdvisersCellnex Telecom, S.A. (BME:CLNX)is considering selling a minority stake in its Polish operations, four sources close to the talks said, which would be the latest asset disposal by the mobile phone tower operator as it seeks to reduce its debt. Any deal would likely value the Polish unit above EUR 3 billion (USD 3.27 billion) excluding debt, two of the people said. Cellnex is working with advisers including JPMorgan to evaluate the sale of a stake in its Polish business, as it seeks to raise financing for a potential agreement with Iliad Group in Poland, said the people, who spoke on condition of anonymity. BNP Paribas is also working on the sale, one of the people said. Cellnex and Iliad are in talks over a possible arrangement for the Spanish company to expand the telecoms infrastructure that it manages for Iliad in Poland, a second person said. A formal sale process for the stake is scheduled to kick off before the summer, the sources said. However, the plans may still be changed or dropped, they cautioned. Spokespeople for Cellnex, JPMorgan and BNP declined to comment. Iliad did not respond to requests for comment.공시 • Dec 01Stonepeak Partners LP completed the acquisition of 49% interest in Cellnex Sweden and Cellnex Denmark from Cellnex Telecom, S.A. (BME:CLNX).Stonepeak Partners LP reached an agreement to acquire a 49% interest in Cellnex Sweden and Cellnex Denmark from Cellnex Telecom, S.A. (BME:CLNX) for €730 million on September 29, 2023. Cellnex will continue to manage the day-to-day business of Cellnex Nordics and consolidate the results of its operations. Cellnex will use the proceeds of this deal to reduce its debt, in line with the objectives set in November 2022 which prioritize organic growth and achieving an investment grade credit rating by S&P. The transaction is subject to regulatory approvals and is expected to be completed by the first quarter of 2024 at the latest. Nomura International Plc is serving as lead financial advisor, Guggenheim Securities is serving as financial advisor to Stonepeak Partners LP. Gavin Williams, Casey Dalton, Veronica Roberts, Nicolás Martín, Daniel Alaminos from Herbert Smith Freehills LLP acted as legal advisors to Stonepeak. Setterwalls Advokatbyrå Ab and Plesner Advokatpartnerselskab acted as legal advisors and advised on Swedish and Danish aspects to Stonepeak Partners LP. AZ Capital is serving as financial advisor to Cellnex. Jorge Adell, Nick Rainsford and John Gustafson of Baker & McKenzie LLP are serving as legal counsels to Cellnex. Stonepeak Partners LP completed the acquisition of 49% interest in Cellnex Sweden and Cellnex Denmark from Cellnex Telecom, S.A. (BME:CLNX) on November 30, 2023.공시 • Nov 21Cellnex Reportedly Plans to Sell Assets in Austria, IrelandSpanish mobile phone masts operator Cellnex Telecom, S.A. (BME:CLNX) plans to sell its Austrian and Irish businesses or stakes in the two units as part of its strategy to cut its debt, newspaper Cinco Dias reported on November 20, 2023 citing unidentified market sources. A spokesperson for Cellnex declined to comment. Cellnex which had fuelled its fast expansion in many European countries through debt for several years, has switched to focus on reducing debt and upgrading its credit rating by next year. In September, Cellnex had announced the sale of a 49% stake in its Swedish and Danish units to infrastructure investor Stonepeak for €730 million ($796.21 million).Major Estimate Revision • Nov 21Consensus EPS estimates fall by 26%The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -€0.258 to -€0.326 per share. Revenue forecast unchanged at €4.07b. Telecom industry in Spain expected to see average net income growth of 16% next year. Consensus price target broadly unchanged at €42.42. Share price rose 8.7% to €33.66 over the past week.공시 • Nov 12Boldyn Networks Communications Uk Limited agreed to acquire Edzcom Oy from Cellnex Telecom, S.A. (BME:CLNX).Boldyn Networks Communications Uk Limited agreed to acquire Edzcom Oy from Cellnex Telecom, S.A. (BME:CLNX) on November 10, 2023. The transaction is subject to customary regulatory and other consents and It’s expected to close in Q1 2024. DLA Piper LLP (US) acted as legal advisor to Boldyn Networks Communications Uk Limited. Bird & Bird Attorneys Ltd acted as legal advisor, Bird & Bird Attorneys Ltd acted as legal advisor to Edzcom Oy and Cellnex Telecom, S.A. (BME:CLNX).New Risk • Nov 12New major risk - Revenue and earnings growthEarnings have declined by 50% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 50% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (4.3% average weekly change).Reported Earnings • Nov 12Third quarter 2023 earnings releasedThird quarter 2023 results: €0.006 loss per share. Revenue: €1.14b (up 14% from 3Q 2022). Net loss: €4.56m (loss narrowed 95% from 3Q 2022). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in Europe.공시 • Oct 25Cellnex Telecom, S.A. Announces CFO ChangesCellnex Telecom has announced the appointment of Raimon Trias as the group's new chief financial officer, replacing Jose Manuel Aisa, who will step down on 31 October. Trias has more than 20 years of experience in industrial groups including Nueva Pescanova, Celsa and Natra, where he is currently CFO and a member of its board of directors.New Risk • Oct 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 3.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-€275m). Share price has been volatile over the past 3 months (3.9% average weekly change). Shareholders have been diluted in the past year (5.1% increase in shares outstanding).공시 • Oct 19Cellnex Telecom, S.A. Announces Appointment of Luca Luciani as Managing DirectorCellnex Telecom, S.A. announced appointment of Luca Luciani as the new managing director of its Italian unit, succeeding Gianluca Landolina, who takes over at the helm of Cellnex UK.Buying Opportunity • Aug 11Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 4.9%. The fair value is estimated to be €45.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has declined by 24%. Revenue is forecast to grow by 24% in 2 years. Earnings is forecast to grow by 75% in the next 2 years.Major Estimate Revision • Aug 03Consensus EPS estimates fall by 15%The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -€0.307 to -€0.354 per share. Revenue forecast unchanged at €4.08b. Telecom industry in Spain expected to see average net income growth of 10% next year. Consensus price target of €48.30 unchanged from last update. Share price fell 2.0% to €36.03 over the past week.New Risk • Jul 28New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -€275m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-€275m). Shareholders have been diluted in the past year (5.1% increase in shares outstanding).공시 • Jul 27Cellnex Reportedly Explores Sale of a Slice in 1 Billion Euros Worth Sweden, Denmark UnitsSpain’s Cellnex Telecom, S.A. (BME:CLNX) is exploring a sale of a stake in its Nordic operations that could value the unit at to EUR 1 billion ($1.11 billion), people familiar with the matter said, as the company looks to pay down debt. The telecoms group is working with bankers at AZ Capital, a Spanish boutique financial advisory firm, to gauge interest in its Swedish and Denmark operations, said the people, who spoke on condition of anonymity.이익 및 매출 성장 예측BME:CLNX - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20284,807882,434N/A1212/31/20274,532352,172N/A2212/31/20264,334-1712,018N/A223/31/20264,140-349N/AN/AN/A12/31/20254,120-3615262,286N/A9/30/20254,104-151N/AN/AN/A6/30/20254,0922753162,241N/A3/31/20254,107-38N/AN/AN/A12/31/20244,070-282762,307N/A9/30/20243,998-239N/AN/AN/A6/30/20243,917-520-152,112N/A3/31/20243,863-245N/AN/AN/A12/31/20233,804-297-1262,068N/A9/30/20233,684-240N/AN/AN/A6/30/20233,542-322-2752,059N/A3/31/20233,405-295N/AN/AN/A12/31/20223,248-297-7391,829N/A9/30/20223,250-461N/AN/AN/A6/30/20222,996-466-6661,513N/A3/31/20222,760-401N/AN/AN/A12/31/20212,438-363-3801,141N/A9/30/20212,173-194N/AN/AN/A6/30/20211,877-159-311859N/A3/31/20211,710-146N/AN/AN/A12/31/20201,562-13531790N/A9/30/20201,396-81N/AN/AN/A6/30/20201,233-52-246572N/A3/31/20201,117-39N/AN/AN/A12/31/20191,000-9N/A420N/A9/30/2019955-1N/AN/AN/A6/30/201991615N/A451N/A3/31/201989122N/AN/AN/A12/31/2018867-15N/A396N/A9/30/2018844-26N/AN/AN/A6/30/2018818-21N/A367N/A3/31/2018786-13N/AN/AN/A12/31/201775826N/A375N/A9/30/201772938N/AN/AN/A6/30/201771332N/A315N/A3/31/201769440N/AN/AN/A12/31/201667040N/A252N/A9/30/201664263N/AN/AN/A6/30/201662653N/A221N/A3/31/201662350N/AN/AN/A12/31/201557547N/A238N/A9/30/201554734N/AN/AN/A6/30/201548045N/A242N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: CLNX 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(2.7%)보다 빠른 성장으로 간주됩니다.수익 vs 시장: CLNX (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: CLNX 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: CLNX 의 수익(연간 4.6%)이 Spanish 시장(연간 6.3%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: CLNX 의 수익(연간 4.6%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: CLNX의 자본 수익률은 3년 후 0.5%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YTelecom 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/15 19:19종가2026/05/15 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Cellnex Telecom, S.A.는 43명의 분석가가 다루고 있습니다. 이 중 22명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullBanco de Sabadell. S.A.Andrés Bolumburu CámaraBanco de Sabadell. S.A.Fernando Cordero BarreiraBanco Santander40명의 분석가 더 보기
Major Estimate Revision • Apr 30Consensus EPS estimates fall by 67%The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -€0.236 to -€0.394 per share. Revenue forecast unchanged at €4.34b. Telecom industry in Spain expected to see average net income growth of 19% next year. Consensus price target of €36.66 unchanged from last update. Share price was steady at €28.62 over the past week.
Major Estimate Revision • Apr 15Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -€0.222 to -€0.247 per share. Revenue forecast unchanged at €4.30b. Telecom industry in Spain expected to see average net income growth of 19% next year. Consensus price target broadly unchanged at €36.78. Share price was steady at €29.72 over the past week.
Major Estimate Revision • Mar 08Consensus EPS estimates fall by 156%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €4.37b to €4.29b. Losses expected to increase from €0.084 per share to €0.21. Telecom industry in Spain expected to see average net income growth of 23% next year. Consensus price target of €36.78 unchanged from last update. Share price fell 8.9% to €29.29 over the past week.
Major Estimate Revision • Mar 01Consensus EPS estimates upgraded to €0.051 loss, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from €4.38b to €4.28b. 2026 losses expected to reduce from -€0.092 to -€0.051 per share. Telecom industry in Spain expected to see average net income growth of 23% next year. Consensus price target broadly unchanged at €36.78. Share price rose 5.5% to €32.14 over the past week.
Major Estimate Revision • Feb 17Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€0.247 to -€0.281 per share. Revenue forecast unchanged at €4.21b. Telecom industry in Spain expected to see average net income growth of 17% next year. Consensus price target down from €37.65 to €36.69. Share price rose 6.5% to €30.50 over the past week.
Major Estimate Revision • Nov 21Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€0.163 to -€0.181 per share. Revenue forecast unchanged at €4.20b. Telecom industry in Spain expected to see average net income growth of 19% next year. Consensus price target of €40.05 unchanged from last update. Share price was steady at €25.63 over the past week.
Board Change • 1hHigh number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Director Cynthia Gordon was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 02First quarter 2026 earnings releasedFirst quarter 2026 results: €0.03 loss per share. Revenue: €984.0m (down 8.4% from 1Q 2025). Net loss: €20.0m (loss narrowed 59% from 1Q 2025). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Telecom industry in Europe.
Major Estimate Revision • Apr 30Consensus EPS estimates fall by 67%The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -€0.236 to -€0.394 per share. Revenue forecast unchanged at €4.34b. Telecom industry in Spain expected to see average net income growth of 19% next year. Consensus price target of €36.66 unchanged from last update. Share price was steady at €28.62 over the past week.
Major Estimate Revision • Apr 15Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -€0.222 to -€0.247 per share. Revenue forecast unchanged at €4.30b. Telecom industry in Spain expected to see average net income growth of 19% next year. Consensus price target broadly unchanged at €36.78. Share price was steady at €29.72 over the past week.
공시 • Mar 30Cellnex Telecom, S.A., Annual General Meeting, Apr 29, 2026Cellnex Telecom, S.A., Annual General Meeting, Apr 29, 2026. Location: paseo de la castellana 81, madrid., Spain
New Risk • Mar 20New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 4.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Major Estimate Revision • Mar 08Consensus EPS estimates fall by 156%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €4.37b to €4.29b. Losses expected to increase from €0.084 per share to €0.21. Telecom industry in Spain expected to see average net income growth of 23% next year. Consensus price target of €36.78 unchanged from last update. Share price fell 8.9% to €29.29 over the past week.
Reported Earnings • Mar 03Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: €0.53 loss per share (further deteriorated from €0.04 loss in FY 2024). Revenue: €4.12b (up 1.2% from FY 2024). Net loss: €360.8m (loss widened €332.7m from FY 2024). Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) missed analyst estimates by 104%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Mar 01Consensus EPS estimates upgraded to €0.051 loss, revenue downgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from €4.38b to €4.28b. 2026 losses expected to reduce from -€0.092 to -€0.051 per share. Telecom industry in Spain expected to see average net income growth of 23% next year. Consensus price target broadly unchanged at €36.78. Share price rose 5.5% to €32.14 over the past week.
Major Estimate Revision • Feb 17Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€0.247 to -€0.281 per share. Revenue forecast unchanged at €4.21b. Telecom industry in Spain expected to see average net income growth of 17% next year. Consensus price target down from €37.65 to €36.69. Share price rose 6.5% to €30.50 over the past week.
공시 • Feb 06+ 3 more updatesCellnex Telecom, S.A. to Report Q1, 2026 Results on Apr 30, 2026Cellnex Telecom, S.A. announced that they will report Q1, 2026 results on Apr 30, 2026
분석 기사 • Jan 29At €25.62, Is It Time To Put Cellnex Telecom, S.A. (BME:CLNX) On Your Watch List?Cellnex Telecom, S.A. ( BME:CLNX ) saw significant share price movement during recent months on the BME, rising to...
Upcoming Dividend • Jan 06Upcoming dividend of €0.37 per shareEligible shareholders must have bought the stock before 13 January 2026. Payment date: 15 January 2026. The company is not currently making a profit and its cash payout ratio is 81%. Trailing yield: 1.4%. Lower than top quartile of Spanish dividend payers (5.2%). Lower than average of industry peers (4.8%).
내러티브 업데이트 • Dec 08CLNX: Deleveraging Progress And Contractual Cash Flows Will Drive Future ReboundCellnex Telecom's updated analyst price target has been reduced from approximately EUR 44.15 to around EUR 38.70, as analysts factor in higher discount rates, slightly softer long term revenue growth expectations, and a still-elevated but moderating future valuation multiple. Analyst Commentary Recent Street research on Cellnex Telecom reflects a more cautious stance on valuation while maintaining a generally balanced view on the company’s execution and growth prospects.
Major Estimate Revision • Nov 21Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€0.163 to -€0.181 per share. Revenue forecast unchanged at €4.20b. Telecom industry in Spain expected to see average net income growth of 19% next year. Consensus price target of €40.05 unchanged from last update. Share price was steady at €25.63 over the past week.
Reported Earnings • Nov 07Third quarter 2025 earnings releasedThird quarter 2025 results: €0.22 loss per share. Revenue: €995.0m (down 18% from 3Q 2024). Net loss: €148.0m (down 153% from profit in 3Q 2024). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
분석 기사 • Oct 24Is Cellnex Telecom (BME:CLNX) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Major Estimate Revision • Oct 13Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€0.143 to -€0.158 per share. Revenue forecast unchanged at €4.22b. Telecom industry in Spain expected to see average net income growth of 16% next year. Consensus price target down from €41.25 to €40.38. Share price was steady at €29.18 over the past week.
분석 기사 • Oct 08Is There Now An Opportunity In Cellnex Telecom, S.A. (BME:CLNX)?Today we're going to take a look at the well-established Cellnex Telecom, S.A. ( BME:CLNX ). The company's stock...
Major Estimate Revision • Oct 05Consensus EPS estimates upgraded to €0.14 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -€0.175 to -€0.143 per share. Revenue forecast steady at €4.21b. Telecom industry in Spain expected to see average net income growth of 16% next year. Consensus price target broadly unchanged at €41.21. Share price rose 3.1% to €29.58 over the past week.
Major Estimate Revision • Oct 01Consensus EPS estimates upgraded to €0.14 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -€0.166 to -€0.143 per share. Revenue forecast steady at €4.21b. Telecom industry in Spain expected to see average net income growth of 16% next year. Consensus price target broadly unchanged at €41.25. Share price rose 2.7% to €29.19 over the past week.
분석 기사 • Aug 23Are Investors Undervaluing Cellnex Telecom, S.A. (BME:CLNX) By 46%?Key Insights Cellnex Telecom's estimated fair value is €57.69 based on 2 Stage Free Cash Flow to Equity Cellnex...
Major Estimate Revision • Aug 10Consensus EPS estimates fall by 27%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€0.131 to -€0.166 per share. Revenue forecast unchanged at €4.23b. Telecom industry in Spain expected to see average net income growth of 12% next year. Consensus price target of €41.55 unchanged from last update. Share price fell 4.1% to €30.10 over the past week.
분석 기사 • Aug 08Cellnex Telecom's (BME:CLNX) Solid Profits Have Weak FundamentalsBME:CLNX 1 Year Share Price vs Fair Value Explore Cellnex Telecom's Fair Values from the Community and select yours...
Major Estimate Revision • Aug 07Consensus EPS estimates fall by 36%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€0.122 to -€0.166 per share. Revenue forecast unchanged at €4.23b. Telecom industry in Spain expected to see average net income growth of 11% next year. Consensus price target of €41.55 unchanged from last update. Share price was steady at €30.46 over the past week.
분석 기사 • Aug 03Cellnex Telecom, S.A. (BME:CLNX) Just Released Its Half-Year Earnings: Here's What Analysts ThinkShareholders might have noticed that Cellnex Telecom, S.A. ( BME:CLNX ) filed its half-yearly result this time last...
New Risk • Aug 01New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company.
분석 기사 • Jul 23We Think Cellnex Telecom (BME:CLNX) Is Taking Some Risk With Its DebtThe external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
분석 기사 • Jun 24Cellnex Telecom, S.A. (BME:CLNX) Investors Are Less Pessimistic Than ExpectedWhen close to half the companies in the Telecom industry in Spain have price-to-sales ratios (or "P/S") below 1.2x, you...
Upcoming Dividend • Jun 09Upcoming dividend of €0.017 per shareEligible shareholders must have bought the stock before 16 June 2025. Payment date: 18 June 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.2%. Lower than top quartile of Spanish dividend payers (4.8%). Lower than average of industry peers (3.9%).
New Risk • May 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Major Estimate Revision • May 16Consensus EPS estimates upgraded to €0.098 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -€0.198 to -€0.098 per share. Revenue forecast steady at €4.28b. Telecom industry in Spain expected to see average net income growth of 12% next year. Consensus price target broadly unchanged at €41.79. Share price fell 3.9% to €33.14 over the past week.
Declared Dividend • May 12Dividend reduced to €0.017Dividend of €0.017 is 0.4% lower than last year. Ex-date: 16th June 2025 Payment date: 18th June 2025 Dividend yield will be 0.2%, which is lower than the industry average of 4.7%.
Reported Earnings • May 09First quarter 2025 earnings releasedFirst quarter 2025 results: €0.069 loss per share. Revenue: €964.0m (up 1.9% from 1Q 2024). Net loss: €49.0m (loss widened 26% from 1Q 2024). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Major Estimate Revision • Apr 16Consensus EPS estimates upgraded to €0.18 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -€0.249 to -€0.185 per share. Revenue forecast steady at €4.31b. Telecom industry in Spain expected to see average net income growth of 11% next year. Consensus price target broadly unchanged at €43.14. Share price rose 13% to €34.43 over the past week.
공시 • Apr 07Cellnex Telecom, S.A., Annual General Meeting, May 08, 2025Cellnex Telecom, S.A., Annual General Meeting, May 08, 2025. Location: calle de larra 14., madrid Spain
공시 • Apr 02Cellnex Is Said to Kick Off €2 Billion Sale of Switzerland UnitCellnex Telecom, S.A. (BME:CLNX) has kicked off a sale of its majority stake in its Swiss business, which could fetch as much as €2 billion ($2.2 billion), according to people with knowledge of the matter. Cellnex is working with JPMorgan Chase & Co. and Societe Generale SA on the potential sale, the people said, asking not to be identified as information is private. Marketing materials were sent out last week, they said.
공시 • Mar 18Cellnex Telecom Announces Appointment of Maria Alonso Alcaide as Its Global Director of Brand and ContentCellnex Telecom announced the appointment of Maria Alonso Alcaide as its new Global Director of Brand and Content, tasked with strengthening the company's communications strategy in the ten countries in which it currently operates. She will be part of the Public and Corporate Affairs and Communications team led by Ignacio Jimenez Soler.
New Risk • Mar 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 4.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Major Estimate Revision • Mar 05Consensus EPS estimates fall by 569%The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -€0.032 to -€0.213 per share. Revenue forecast unchanged at €4.33b. Telecom industry in Spain expected to see average net income growth of 15% next year. Consensus price target broadly unchanged at €44.01. Share price was steady at €33.34 over the past week.
공시 • Mar 01Phoenix Tower International LLC completed the acquisition of Cellnex Ireland Limited and Cignal Infrastructure Limited from Cellnex Telecom, S.A. (BME:CLNX).Phoenix Tower International LLC agreed to acquire Cellnex Ireland Limited and Cignal Infrastructure Limited from Cellnex Telecom, S.A. (BME:CLNX) for €970 million on March 5, 2024. The closing of this transaction is subject to regulatory approvals and Competition and Consumer Protection Commission (CCPC). Cellnex will use the proceeds of this deal to reduce its debt. As of July 25, 2024, Commission is unable, at this stage, to make a determination that the result of the Proposed Transaction will not be to substantially lessen competition in any market for goods or services in the State. Accordingly, the Commission intends to carry out a full investigation under section 22 of the Act. As of November 12, 2024, The assessment sets out the CCPC’s preliminary concerns about how the proposed acquisition could reduce competition in the passive infrastructure sector. Based on the timelines as set out in the CCPC’s merger review process, it is expected that the full investigation will conclude no later than February 2025. As of February 7, 2025, Ireland's Competition Authority has approved the sale of 100% of Cellnex's business in the country to Phoenix Tower International. The approval of the Irish Competition Authority is one of the regulatory approvals that the operation had to pass and now the final phase of the process prior to the formal closing of the transaction is underway, which will be completed in the coming weeks. Nomura is serving as exclusive financial advisor and Connor Manning, Patrick Horan, Ailish Finnerty, Deirdre Sheehan, Aaron Boyle, Louise O’Byrne, and Olivia Mullooly of Arthur Cox is serving as legal counsel to PTI. Barclays and Santander are serving as financial advisors and George Brady, Katherine Hall, Rachael Toland Burke, Conor Blennerhassett, Hilda Wrixon, Niall Collins, Simon Shinkwin, Jessica Brannigan, Zainab Masood, Patricia Einfeldt and Kelly McGann of Matheson is serving as legal counsel to Cellnex. Phoenix Tower International LLC completed the acquisition of Cellnex Ireland Limited and Cignal Infrastructure Limited from Cellnex Telecom, S.A. (BME:CLNX) on February 28, 2025. Phoenix Tower International has acquired 100% of Cellnex's business in Ireland for approximately €971 million. Following the closing and as announced in January, the Company will start its share buyback programme of up to €800 million.
Reported Earnings • Feb 27Full year 2024 earnings: Revenues miss analyst expectationsFull year 2024 results: Revenue: €3.94b (up 3.6% from FY 2023). Net loss: €28.0m (loss narrowed 91% from FY 2023). Revenue missed analyst estimates by 4.7%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Telecom industry in Europe.
Major Estimate Revision • Jan 22Consensus EPS estimates upgraded to €0.38 lossThe consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -€0.42 to -€0.375 per share. Revenue forecast steady at €4.16b. Telecom industry in Spain expected to see average net income growth of 21% next year. Consensus price target broadly unchanged at €44.27. Share price rose 3.6% to €32.10 over the past week.
공시 • Jan 15Cellnex Telecom, S.A. (BME:CLNX) announces an Equity Buyback for €800 million worth of its shares.Cellnex Telecom, S.A. (BME:CLNX) announces a share repurchase program. Under the program, the company will repurchase up to €800 million worth of its common stock. The purpose of the program is to take advantage of the current level of the share price and reduce the company's share capital by amortising said shares. The repurchase plan is valid till December 2025.
공시 • Nov 27+ 3 more updatesCellnex Telecom, S.A. to Report Q3, 2025 Results on Nov 07, 2025Cellnex Telecom, S.A. announced that they will report Q3, 2025 results on Nov 07, 2025
새로운 내러티브 • Nov 24Strong European Growth And Operational Efficiency Drive Promising Future Earnings Organic revenue growth is driven by consistent PoP increases, successful build-to-suit, and co-location programs, especially in France and Poland.
Major Estimate Revision • Nov 24Consensus EPS estimates upgraded to €0.47 lossThe consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -€0.595 to -€0.474 per share. Revenue forecast steady at €4.16b. Telecom industry in Spain expected to see average net income growth of 22% next year. Consensus price target broadly unchanged at €44.03. Share price rose 2.6% to €32.54 over the past week.
Reported Earnings • Nov 12Third quarter 2024 earnings releasedThird quarter 2024 results: EPS: €0.39. Revenue: €1.22b (up 7.2% from 3Q 2023). Net income: €278.1m (up €282.6m from 3Q 2023). Profit margin: 23% (up from net loss in 3Q 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Declared Dividend • Nov 11First half dividend of €0.046 announcedShareholders will receive a dividend of €0.046. Ex-date: 19th November 2024 Payment date: 21st November 2024 Dividend yield will be 0.2%, which is lower than the industry average of 4.7%.
Major Estimate Revision • Nov 10Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -€0.412 to -€0.456 per share. Revenue forecast unchanged at €4.16b. Telecom industry in Spain expected to see average net income growth of 28% next year. Consensus price target broadly unchanged at €44.04. Share price fell 3.0% to €33.05 over the past week.
Major Estimate Revision • Oct 18Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -€0.372 to -€0.412 per share. Revenue forecast unchanged at €4.16b. Telecom industry in Spain expected to see average net income growth of 27% next year. Consensus price target of €43.93 unchanged from last update. Share price rose 2.7% to €36.33 over the past week.
Reported Earnings • Aug 02Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: €975.0m (up 10% from 2Q 2023). Net loss: €379.0m (loss widened 270% from 2Q 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Telecom industry in Europe.
Declared Dividend • Jun 03Dividend of €0.017 announcedShareholders will receive a dividend of €0.017. Ex-date: 13th June 2024 Payment date: 17th June 2024 Dividend yield will be 0.2%, which is lower than the industry average of 4.7%.
Major Estimate Revision • May 06Consensus EPS estimates upgraded to €0.24 loss, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from €4.24b to €4.15b. 2024 losses expected to reduce from -€0.268 to -€0.237 per share. Telecom industry in Spain expected to see average net income growth of 20% next year. Consensus price target broadly unchanged at €42.40. Share price rose 3.4% to €32.82 over the past week.
Reported Earnings • Apr 26First quarter 2024 earnings releasedFirst quarter 2024 results: €0.055 loss per share. Revenue: €946.0m (down 4.0% from 1Q 2023). Net loss: €39.0m (loss narrowed 57% from 1Q 2023). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Telecom industry in Europe.
Major Estimate Revision • Apr 22Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -€0.216 to -€0.241 per share. Revenue forecast unchanged at €4.24b. Telecom industry in Spain expected to see average net income growth of 11% next year. Consensus price target broadly unchanged at €42.76. Share price rose 2.5% to €31.07 over the past week.
Major Estimate Revision • Apr 01Consensus EPS estimates upgraded to €0.19 lossThe consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -€0.253 per share to -€0.187 per share. Revenue forecast reaffirmed at €4.23b. Telecom industry in Spain expected to see average net income growth of 9.7% next year. Consensus price target broadly unchanged at €42.98. Share price was steady at €32.77 over the past week.
공시 • Mar 21Cellnex Telecom, S.A., Annual General Meeting, Apr 25, 2024Cellnex Telecom, S.A., Annual General Meeting, Apr 25, 2024, at 11:30 Central European Standard Time. Location: Vandergoten street, 1, (Building of the Royal Tapestry Factory), 28014 Madrid Spain Agenda: To consider the individual annual accounts and management report and the consolidated annual accounts and management report (financial statements) for the year ended 31 December 2023; to consider the non-financial information contained in the consolidated management report for the year ended 31 December 2023; to consider the allocation of profit or loss for the year ended 31 December 2023; to consider the Board of Directors's management and activity in the year ended 31 December 2023; to consider the appointment of the auditors of the Company and its consolidated group for the financial year 2025, 2026 and 2027; to consider the re-election of directors; o consider the annual report on directors' remuneration for the year ended 31 December 2023; and to consider the other matters.
Reported Earnings • Mar 03Full year 2023 earnings: Revenues in line with analyst expectationsFull year 2023 results: Revenue: €4.05b (up 25% from FY 2022). Net loss: €297.0m (flat on FY 2022). Revenue was in line with analyst estimates. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 6% per year.
Major Estimate Revision • Mar 01Consensus EPS estimates fall by 87%The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -€0.168 to -€0.315 per share. Revenue forecast unchanged at €4.29b. Telecom industry in Spain expected to see average net income growth of 18% next year. Consensus price target broadly unchanged at €42.73. Share price fell 2.6% to €33.27 over the past week.
공시 • Mar 01Boldyn Networks Communications Uk Limited completed the acquisition of Edzcom Oy from Cellnex Telecom, S.A. (BME:CLNX).Boldyn Networks Communications Uk Limited agreed to acquire Edzcom Oy from Cellnex Telecom, S.A. (BME:CLNX) on November 10, 2023. Cellnex's private networks business unit -the Edzcom team- will become part of Boldyn's Group Strategy team as a strategic part of the company's future growth. The transaction is subject to customary regulatory and other consents and It’s expected to close in Q1 2024. DLA Piper LLP (US) acted as legal advisor to Boldyn Networks Communications Uk Limited. Bird & Bird Attorneys Ltd acted as legal advisor and PwC Corporate Finance as Financial advisor to Edzcom Oy and Cellnex Telecom, S.A. Boldyn Networks Communications Uk Limited completed the acquisition of Edzcom Oy from Cellnex Telecom, S.A. (BME:CLNX) on March 01, 2024.
공시 • Feb 15Asterion, SBA Communications and Phoenix Reportedly Circle Cellnex's Irish UnitSBA Communications Corporation (NasdaqGS:SBAC), Phoenix Tower and Asterion Industrial Partners are vying for Cellnex Telecom, S.A. (BME:CLNX) Irish unit, according to five sources familiar with the matter. Mobile phone tower operator Cellnex is advised by Santander (SAN.MC), and Barclays (BARC.L), on the deal and binding offers from the three parties are expected next week, three of the sources added, speaking on condition of anonymity. A deal would value Cellnex's Irish unit, which manages almost 2,000 sites in the country, close to EUR 1 billion ($1.08 billion), the fourth person said. Cellnex declined to comment.
공시 • Feb 02Cellnex Telecom, S.A. Names Daniel Pataki as New Director of Regulation and European AffairsCellnex Telecom, S.A. has announced the appointment of Daniel Pataki as the group's new Director of Regulation and European Affairs. Pataki will report directly to Cellnex CEO Marco Patuano, and will join the Group's Executive Committee.
공시 • Jan 23Cellnex Reportedly Considers Polish Unit Stake Sale, Taps AdvisersCellnex Telecom, S.A. (BME:CLNX)is considering selling a minority stake in its Polish operations, four sources close to the talks said, which would be the latest asset disposal by the mobile phone tower operator as it seeks to reduce its debt. Any deal would likely value the Polish unit above EUR 3 billion (USD 3.27 billion) excluding debt, two of the people said. Cellnex is working with advisers including JPMorgan to evaluate the sale of a stake in its Polish business, as it seeks to raise financing for a potential agreement with Iliad Group in Poland, said the people, who spoke on condition of anonymity. BNP Paribas is also working on the sale, one of the people said. Cellnex and Iliad are in talks over a possible arrangement for the Spanish company to expand the telecoms infrastructure that it manages for Iliad in Poland, a second person said. A formal sale process for the stake is scheduled to kick off before the summer, the sources said. However, the plans may still be changed or dropped, they cautioned. Spokespeople for Cellnex, JPMorgan and BNP declined to comment. Iliad did not respond to requests for comment.
공시 • Dec 01Stonepeak Partners LP completed the acquisition of 49% interest in Cellnex Sweden and Cellnex Denmark from Cellnex Telecom, S.A. (BME:CLNX).Stonepeak Partners LP reached an agreement to acquire a 49% interest in Cellnex Sweden and Cellnex Denmark from Cellnex Telecom, S.A. (BME:CLNX) for €730 million on September 29, 2023. Cellnex will continue to manage the day-to-day business of Cellnex Nordics and consolidate the results of its operations. Cellnex will use the proceeds of this deal to reduce its debt, in line with the objectives set in November 2022 which prioritize organic growth and achieving an investment grade credit rating by S&P. The transaction is subject to regulatory approvals and is expected to be completed by the first quarter of 2024 at the latest. Nomura International Plc is serving as lead financial advisor, Guggenheim Securities is serving as financial advisor to Stonepeak Partners LP. Gavin Williams, Casey Dalton, Veronica Roberts, Nicolás Martín, Daniel Alaminos from Herbert Smith Freehills LLP acted as legal advisors to Stonepeak. Setterwalls Advokatbyrå Ab and Plesner Advokatpartnerselskab acted as legal advisors and advised on Swedish and Danish aspects to Stonepeak Partners LP. AZ Capital is serving as financial advisor to Cellnex. Jorge Adell, Nick Rainsford and John Gustafson of Baker & McKenzie LLP are serving as legal counsels to Cellnex. Stonepeak Partners LP completed the acquisition of 49% interest in Cellnex Sweden and Cellnex Denmark from Cellnex Telecom, S.A. (BME:CLNX) on November 30, 2023.
공시 • Nov 21Cellnex Reportedly Plans to Sell Assets in Austria, IrelandSpanish mobile phone masts operator Cellnex Telecom, S.A. (BME:CLNX) plans to sell its Austrian and Irish businesses or stakes in the two units as part of its strategy to cut its debt, newspaper Cinco Dias reported on November 20, 2023 citing unidentified market sources. A spokesperson for Cellnex declined to comment. Cellnex which had fuelled its fast expansion in many European countries through debt for several years, has switched to focus on reducing debt and upgrading its credit rating by next year. In September, Cellnex had announced the sale of a 49% stake in its Swedish and Danish units to infrastructure investor Stonepeak for €730 million ($796.21 million).
Major Estimate Revision • Nov 21Consensus EPS estimates fall by 26%The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -€0.258 to -€0.326 per share. Revenue forecast unchanged at €4.07b. Telecom industry in Spain expected to see average net income growth of 16% next year. Consensus price target broadly unchanged at €42.42. Share price rose 8.7% to €33.66 over the past week.
공시 • Nov 12Boldyn Networks Communications Uk Limited agreed to acquire Edzcom Oy from Cellnex Telecom, S.A. (BME:CLNX).Boldyn Networks Communications Uk Limited agreed to acquire Edzcom Oy from Cellnex Telecom, S.A. (BME:CLNX) on November 10, 2023. The transaction is subject to customary regulatory and other consents and It’s expected to close in Q1 2024. DLA Piper LLP (US) acted as legal advisor to Boldyn Networks Communications Uk Limited. Bird & Bird Attorneys Ltd acted as legal advisor, Bird & Bird Attorneys Ltd acted as legal advisor to Edzcom Oy and Cellnex Telecom, S.A. (BME:CLNX).
New Risk • Nov 12New major risk - Revenue and earnings growthEarnings have declined by 50% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 50% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (4.3% average weekly change).
Reported Earnings • Nov 12Third quarter 2023 earnings releasedThird quarter 2023 results: €0.006 loss per share. Revenue: €1.14b (up 14% from 3Q 2022). Net loss: €4.56m (loss narrowed 95% from 3Q 2022). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in Europe.
공시 • Oct 25Cellnex Telecom, S.A. Announces CFO ChangesCellnex Telecom has announced the appointment of Raimon Trias as the group's new chief financial officer, replacing Jose Manuel Aisa, who will step down on 31 October. Trias has more than 20 years of experience in industrial groups including Nueva Pescanova, Celsa and Natra, where he is currently CFO and a member of its board of directors.
New Risk • Oct 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 3.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-€275m). Share price has been volatile over the past 3 months (3.9% average weekly change). Shareholders have been diluted in the past year (5.1% increase in shares outstanding).
공시 • Oct 19Cellnex Telecom, S.A. Announces Appointment of Luca Luciani as Managing DirectorCellnex Telecom, S.A. announced appointment of Luca Luciani as the new managing director of its Italian unit, succeeding Gianluca Landolina, who takes over at the helm of Cellnex UK.
Buying Opportunity • Aug 11Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 4.9%. The fair value is estimated to be €45.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has declined by 24%. Revenue is forecast to grow by 24% in 2 years. Earnings is forecast to grow by 75% in the next 2 years.
Major Estimate Revision • Aug 03Consensus EPS estimates fall by 15%The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -€0.307 to -€0.354 per share. Revenue forecast unchanged at €4.08b. Telecom industry in Spain expected to see average net income growth of 10% next year. Consensus price target of €48.30 unchanged from last update. Share price fell 2.0% to €36.03 over the past week.
New Risk • Jul 28New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -€275m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-€275m). Shareholders have been diluted in the past year (5.1% increase in shares outstanding).
공시 • Jul 27Cellnex Reportedly Explores Sale of a Slice in 1 Billion Euros Worth Sweden, Denmark UnitsSpain’s Cellnex Telecom, S.A. (BME:CLNX) is exploring a sale of a stake in its Nordic operations that could value the unit at to EUR 1 billion ($1.11 billion), people familiar with the matter said, as the company looks to pay down debt. The telecoms group is working with bankers at AZ Capital, a Spanish boutique financial advisory firm, to gauge interest in its Swedish and Denmark operations, said the people, who spoke on condition of anonymity.