Koninklijke KPN (AMS:KPN) Seems To Use Debt Quite Sensibly
Dec 21
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Dutch (AEX) Telecom Sector Analysis
UpdatedDec 24, 2025
DataAggregated Company Financials
Companies6
- 7D1.0%
- 3M-5.8%
- 1Y-5.3%
- YTD-4.9%
In the last week, the Telecom industry is up 1.3%, with Universal Music Group up 1.7%. However, the industry is down 4.7% over the past year. In the next few years, earnings are forecast to decline by 2.0% annually.
Sector Valuation and Performance
Has the Dutch Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Dec 2025 | €57.1b | €21.6b | €3.5b | 12.1x | 16.4x | 2.6x |
| Fri, 21 Nov 2025 | €57.2b | €21.6b | €3.5b | 11.8x | 16.4x | 2.6x |
| Sun, 19 Oct 2025 | €60.9b | €21.6b | €3.5b | 12.5x | 17.5x | 2.8x |
| Tue, 16 Sep 2025 | €63.5b | €21.6b | €3.5b | 13x | 18.3x | 2.9x |
| Thu, 14 Aug 2025 | €62.1b | €21.6b | €3.5b | 12.9x | 18x | 2.9x |
| Sat, 12 Jul 2025 | €66.5b | €21.1b | €3.0b | 14.2x | 22.5x | 3.2x |
| Mon, 09 Jun 2025 | €68.1b | €21.1b | €3.0b | 14.5x | 23x | 3.2x |
| Wed, 07 May 2025 | €65.5b | €21.1b | €2.9b | 14.1x | 22.2x | 3.1x |
| Fri, 04 Apr 2025 | €61.9b | €21.0b | €3.0b | 13.5x | 20.8x | 2.9x |
| Sun, 02 Mar 2025 | €65.2b | €20.7b | €2.5b | 13x | 26.3x | 3.1x |
| Tue, 28 Jan 2025 | €59.9b | €20.7b | €2.5b | 13.2x | 24.3x | 2.9x |
| Thu, 26 Dec 2024 | €60.5b | €17.8b | €2.3b | 17x | 26.4x | 3.4x |
| Sat, 23 Nov 2024 | €55.7b | €17.8b | €2.3b | 17.6x | 24.3x | 3.1x |
| Mon, 21 Oct 2024 | €59.2b | €17.7b | €2.3b | 14.3x | 25.2x | 3.3x |
| Wed, 18 Sep 2024 | €57.2b | €17.7b | €2.3b | 14.5x | 24.3x | 3.2x |
| Fri, 16 Aug 2024 | €54.8b | €17.7b | €2.4b | 13x | 23.3x | 3.1x |
| Sun, 14 Jul 2024 | €64.8b | €17.3b | €2.1b | 13.8x | 31.6x | 3.8x |
| Tue, 11 Jun 2024 | €65.8b | €17.3b | €2.1b | 13.6x | 32.1x | 3.8x |
| Thu, 09 May 2024 | €67.3b | €17.3b | €2.1b | 13.6x | 32.7x | 3.9x |
| Sat, 06 Apr 2024 | €64.2b | €17.3b | €2.1b | 15.4x | 30.8x | 3.7x |
| Mon, 04 Mar 2024 | €64.0b | €17.4b | €2.2b | 13x | 29.5x | 3.7x |
| Wed, 31 Jan 2024 | €63.5b | €16.9b | €2.1b | 13x | 30.9x | 3.8x |
| Fri, 29 Dec 2023 | €59.9b | €16.9b | €2.1b | 14.2x | 29.1x | 3.5x |
| Sun, 26 Nov 2023 | €57.3b | €16.9b | €2.0b | 14.7x | 28.7x | 3.4x |
| Tue, 24 Oct 2023 | €57.0b | €16.9b | €2.0b | 14.6x | 28.7x | 3.4x |
| Thu, 21 Sep 2023 | €57.6b | €16.9b | €2.0b | 15x | 28.9x | 3.4x |
| Sat, 19 Aug 2023 | €55.3b | €16.8b | €2.0b | 14.6x | 27.7x | 3.3x |
| Mon, 17 Jul 2023 | €52.1b | €16.4b | €1.6b | 11.9x | 33x | 3.2x |
| Wed, 14 Jun 2023 | €48.6b | €16.4b | €1.6b | 11.3x | 30.7x | 3x |
| Fri, 12 May 2023 | €47.6b | €16.4b | €1.5b | 11.8x | 32.6x | 2.9x |
| Sun, 09 Apr 2023 | €52.7b | €16.4b | €1.5b | 14.2x | 36.2x | 3.2x |
| Tue, 07 Mar 2023 | €53.9b | €16.4b | €1.5b | 13.8x | 37x | 3.3x |
| Thu, 02 Feb 2023 | €55.3b | €15.4b | €1.3b | 17.4x | 41.6x | 3.6x |
| Sat, 31 Dec 2022 | €54.0b | €15.4b | €1.3b | 15.8x | 40.6x | 3.5x |
Price to Earnings Ratio
40.6x
Current Industry PE
- Investors are pessimistic on the Dutch Communication Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 16.5x which is lower than its 3-year average PE of 27.4x.
- The 3-year average PS ratio of 3.3x is higher than the industry's current PS ratio of 2.7x.
Past Earnings Growth
- The earnings for companies in the Communication Services industry have grown 38% per year over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Dutch Telecom sector?
| NL Market | 0.00032% | |
| Telecom | 0.99% | |
| Telecom Services and Carriers | 1.41% | |
| Entertainment | 0.83% | |
| Media | 0% | 0 |
| Interactive Media and Services | -1.71% | |
Industry PE
- Investors are most optimistic about the Telecom Services and Carriers industry, which is trading close to its 3-year average PE ratio of 17.6x.
- Analysts are expecting annual earnings growth of 9.5%, which is higher than its past year's earnings decline of 2.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Interactive Media and Services industry, expecting annual earnings growth of 182% over the next 5 years.
- In contrast, the Entertainment industry is expected to see its earnings decline by 7.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| UMG Universal Music Group | €21.90 | 0.8% +€330.1m | -10.8% | PE15.4x | |
| KPN Koninklijke KPN | €3.95 | 1.4% +€210.4m | 12.7% | PE19.4x | |
| HAVAS Havas | €15.81 | 1.5% +€22.3m | -1.3% | PE8.8x | |
| AJAX AFC Ajax | €8.92 | 0.2% +€366.7k | -9.5% | PS0.9x | |
| HWK Hawick Data | €2.16 | 2.9% +€235.9k | 27.1% | PE0.9x |
