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Cellnex Telecom, S.A.BME:CLNX Stock Report

Market Cap €20.1b
Share Price
€29.52
My Fair Value
€44.15
33.1% undervalued intrinsic discount
1Y-16.5%
7D-0.2%
Portfolio Value
​
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Cellnex Telecom, S.A.

BME:CLNX Stock Report

Market Cap: €20.1b

Cellnex Telecom (CLNX) Stock Overview

Engages in the management of terrestrial telecommunications infrastructures in Austria, Denmark, Spain, France, Ireland, Italy, the Netherlands, Poland, Portugal, the United Kingdom, Sweden, and Switzerland. More details

CLNX fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance3/6
Financial Health0/6
Dividends0/6

Rewards

Trading at 43.9% below our estimate of its fair value

Earnings are forecast to grow 11.46% per year

Became profitable this year

Risk Analysis

Interest payments are not well covered by earnings


CLNX Community Fair Values

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See what 18 others think this stock is worth. Follow their fair value or set your own to get alerts.

CLNX logo
Cellnex Telecom

Efficiency Initiatives And Asset Optimization Will Benefit Future Performance

Key Takeaways Organic revenue growth is driven by consistent PoP increases, successful build-to-suit, and co-location programs, especially in France and Poland. Portfolio optimization and asset sales in specific markets improve capital allocation and shareholder returns while reducing leverage.
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€44.15
FV
32.6% undervalued intrinsic discount
5.79%
Revenue growth p.a.
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Cellnex Telecom, S.A. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Cellnex Telecom
Historical stock prices
Current Share Price€29.52
52 Week High€37.03
52 Week Low€28.13
Beta0.93
1 Month Change-3.15%
3 Month Change-8.72%
1 Year Change-16.54%
3 Year Change0.68%
5 Year Change-43.30%
Change since IPO91.56%

Recent News & Updates

Is There Now An Opportunity In Cellnex Telecom, S.A. (BME:CLNX)?

Oct 08
Is There Now An Opportunity In Cellnex Telecom, S.A. (BME:CLNX)?

Are Investors Undervaluing Cellnex Telecom, S.A. (BME:CLNX) By 46%?

Aug 23
Are Investors Undervaluing Cellnex Telecom, S.A. (BME:CLNX) By 46%?

Cellnex Telecom's (BME:CLNX) Solid Profits Have Weak Fundamentals

Aug 08
Cellnex Telecom's (BME:CLNX) Solid Profits Have Weak Fundamentals

Recent updates

Is There Now An Opportunity In Cellnex Telecom, S.A. (BME:CLNX)?

Oct 08
Is There Now An Opportunity In Cellnex Telecom, S.A. (BME:CLNX)?

Are Investors Undervaluing Cellnex Telecom, S.A. (BME:CLNX) By 46%?

Aug 23
Are Investors Undervaluing Cellnex Telecom, S.A. (BME:CLNX) By 46%?

Cellnex Telecom's (BME:CLNX) Solid Profits Have Weak Fundamentals

Aug 08
Cellnex Telecom's (BME:CLNX) Solid Profits Have Weak Fundamentals

Cellnex Telecom, S.A. (BME:CLNX) Just Released Its Half-Year Earnings: Here's What Analysts Think

Aug 03
Cellnex Telecom, S.A. (BME:CLNX) Just Released Its Half-Year Earnings: Here's What Analysts Think

We Think Cellnex Telecom (BME:CLNX) Is Taking Some Risk With Its Debt

Jul 23
We Think Cellnex Telecom (BME:CLNX) Is Taking Some Risk With Its Debt

Cellnex Telecom, S.A. (BME:CLNX) Investors Are Less Pessimistic Than Expected

Jun 24
Cellnex Telecom, S.A. (BME:CLNX) Investors Are Less Pessimistic Than Expected

Cellnex Telecom, S.A.'s (BME:CLNX) Intrinsic Value Is Potentially 56% Above Its Share Price

May 01
Cellnex Telecom, S.A.'s (BME:CLNX) Intrinsic Value Is Potentially 56% Above Its Share Price

Some Confidence Is Lacking In Cellnex Telecom, S.A.'s (BME:CLNX) P/S

Mar 23
Some Confidence Is Lacking In Cellnex Telecom, S.A.'s (BME:CLNX) P/S

Cellnex Telecom, S.A.'s (BME:CLNX) Intrinsic Value Is Potentially 65% Above Its Share Price

Jan 30
Cellnex Telecom, S.A.'s (BME:CLNX) Intrinsic Value Is Potentially 65% Above Its Share Price

Is Cellnex Telecom (BME:CLNX) Using Too Much Debt?

Dec 16
Is Cellnex Telecom (BME:CLNX) Using Too Much Debt?
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Strong 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.

Revenues Tell The Story For Cellnex Telecom, S.A. (BME:CLNX)

Nov 09
Revenues Tell The Story For Cellnex Telecom, S.A. (BME:CLNX)

Shareholder Returns

CLNXES TelecomES Market
7D-0.2%0.5%-0.9%
1Y-16.5%12.3%24.6%

Return vs Industry: CLNX underperformed the Spanish Telecom industry which returned 12.3% over the past year.

Return vs Market: CLNX underperformed the Spanish Market which returned 24.6% over the past year.

Price Volatility

Is CLNX's price volatile compared to industry and market?
CLNX volatility
CLNX Average Weekly Movement3.0%
Telecom Industry Average Movement3.4%
Market Average Movement3.0%
10% most volatile stocks in ES Market6.5%
10% least volatile stocks in ES Market0.6%

Stable Share Price: CLNX has not had significant price volatility in the past 3 months compared to the Spanish market.

Volatility Over Time: CLNX's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20082,612Marco Emilio Patuanowww.cellnex.com

Cellnex Telecom, S.A. engages in the management of terrestrial telecommunications infrastructures in Austria, Denmark, Spain, France, Ireland, Italy, the Netherlands, Poland, Portugal, the United Kingdom, Sweden, and Switzerland. It operates through four segments: Towers; DAS, Small Cells, and RAN as a Service; Fiber, Connectivity, and Housing Services; and Broadcast. The Towers segment provides integrated network passive infrastructure services; other wireless telecommunications; and broadband network operators services, as well as colocation and engineering services.

Cellnex Telecom, S.A. Fundamentals Summary

How do Cellnex Telecom's earnings and revenue compare to its market cap?
CLNX fundamental statistics
Market cap€20.12b
Earnings (TTM)€275.00m
Revenue (TTM)€4.09b
73.2x
P/E Ratio
4.9x
P/S Ratio

Is CLNX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CLNX income statement (TTM)
Revenue€4.09b
Cost of Revenue€477.79m
Gross Profit€3.61b
Other Expenses€3.34b
Earnings€275.00m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

Nov 07, 2025

Earnings per share (EPS)0.40
Gross Margin88.32%
Net Profit Margin6.72%
Debt/Equity Ratio131.3%

How did CLNX perform over the long term?

See historical performance and comparison

Dividends

0.2%
Current Dividend Yield
12%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/12 16:33
End of Day Share Price 2025/10/10 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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

Cellnex Telecom, S.A. is covered by 49 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jean-Michel SalvadorAlphaValue
Pedro Jorge OliveiraBanco BPI, S.A.
Bruno BessaBanco BPI, S.A.