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Updated 5h ago
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Cellnex Telecom, S.A.BME:CLNX Stock Report

Market Cap €16.6b
Updated 5h ago
Share Price
n/a
1Y-14.7%
7D-2.6%
1D-0.3%
Portfolio Value
​
View

Cellnex Telecom, S.A.

BME:CLNX Stock Report

Market Cap: €16.6b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Cellnex Telecom (CLNX) Stock Overview

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

CLNX fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance0/6
Financial Health2/6
Dividends3/6

Rewards

Trading at 39.2% below our estimate of its fair value

Earnings are forecast to grow 80.6% per year

Risk Analysis

No risks detected for CLNX from our risk checks.

CLNX Community Fair Values

Create Narrative

See what 29 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
31.1% undervalued intrinsic discount
AnalystConsensusTarget
•1mo ago

Efficiency Initiatives And Asset Optimization Will Benefit Future Performance

214
0
9
AN
AnalystHighTarget
45.4% undervalued intrinsic discount
AnalystHighTarget
•1mo ago

5G Densification And Rising Data Demand Will Support This Tower Infrastructure Leader

9
0
0
AN
AnalystLowTarget
Fairly Valued intrinsic discount
AnalystLowTarget
•1mo ago

Tower Demand And Inflation-Linked Contracts Will Shape Future Cash Flow Trajectory

10
0
1

Top Analyst Narratives

AN
AnalystConsensusTarget
31.1% undervalued intrinsic discount
AnalystConsensusTarget
•1mo ago

Efficiency Initiatives And Asset Optimization Will Benefit Future Performance

214
0
9
AN
AnalystHighTarget
45.4% undervalued intrinsic discount
AnalystHighTarget
•1mo ago

5G Densification And Rising Data Demand Will Support This Tower Infrastructure Leader

9
0
0
AN
AnalystLowTarget
Fairly Valued intrinsic discount
AnalystLowTarget
•1mo ago

Tower Demand And Inflation-Linked Contracts Will Shape Future Cash Flow Trajectory

10
0
1
View all narratives

Cellnex Telecom, S.A. Competitors

Telefónica

Symbol: BME:TEF
Market cap: €21.1b

DIGI Spain Telecom

Symbol: BME:DIGIS
Market cap: €2.0b

China Tower

Symbol: SEHK:788
Market cap: HK$157.9b

Telefônica Brasil

Symbol: BOVESPA:VIVT3
Market cap: R$98.7b

Price History & Performance

Summary of share price highs, lows and changes for Cellnex Telecom
Historical stock prices
Current Share Price€25.00
52 Week High€32.71
52 Week Low€23.92
Beta1.29
1 Month Change-5.55%
3 Month Change-12.13%
1 Year Change-14.68%
3 Year Change-29.48%
5 Year Change-55.58%
Change since IPO62.23%

Recent News & Updates

User avatar
New Narrative • Aug 09

5G Densification And Rising Data Demand Will Support This Tower Infrastructure Leader

Catalysts About Cellnex Telecom Cellnex Telecom operates shared mobile and wireless infrastructure that supports network coverage, densification and related services across Europe. What are the underlying business or industry changes driving this perspective?
User avatar
New Narrative • Jul 26

Tower Demand And Inflation-Linked Contracts Will Shape Future Cash Flow Trajectory

Catalysts About Cellnex Telecom Cellnex Telecom operates telecom infrastructure across multiple European markets, focusing on towers, rooftop sites and related services for mobile operators and other customers. What are the underlying business or industry changes driving this perspective?

Recent updates

User avatar
New Narrative • Aug 09

5G Densification And Rising Data Demand Will Support This Tower Infrastructure Leader

Catalysts About Cellnex Telecom Cellnex Telecom operates shared mobile and wireless infrastructure that supports network coverage, densification and related services across Europe. What are the underlying business or industry changes driving this perspective?
User avatar
New Narrative • Jul 26

Tower Demand And Inflation-Linked Contracts Will Shape Future Cash Flow Trajectory

Catalysts About Cellnex Telecom Cellnex Telecom operates telecom infrastructure across multiple European markets, focusing on towers, rooftop sites and related services for mobile operators and other customers. What are the underlying business or industry changes driving this perspective?
User avatar
Narrative Update • Jul 26

CLNX: Lower Risk Assumptions And Buyback Execution Will Support Future Rebound

Analysts have trimmed their fair value estimate for Cellnex Telecom to €36.26 from €38.70, in line with a recent cut in the Street price target to €33 from €34, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E expectations. What's in the News Cellnex Telecom completed a share repurchase programme between November 6, 2025 and June 26, 2026, buying back 18,304,947 shares for €500 million.
Analysis Article • Jan 29

At €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...
User avatar
Narrative Update • Dec 08

CLNX: Deleveraging Progress And Contractual Cash Flows Will Drive Future Rebound

Cellnex 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.
Analysis Article • Oct 24

Is 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...
Analysis Article • Oct 08

Is 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...
User avatar
New Narrative • Nov 24

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.

Shareholder Returns

CLNXES TelecomES Market
7D-2.6%2.2%0.6%
1Y-14.7%2.4%27.0%

Return vs Industry: CLNX underperformed the Spanish Telecom industry which returned 2.4% over the past year.

Return vs Market: CLNX underperformed the Spanish Market which returned 27% over the past year.

Price Volatility

Is CLNX's price volatile compared to industry and market?
CLNX volatility
CLNX Average Weekly Movement4.0%
Telecom Industry Average Movement3.6%
Market Average Movement2.9%
10% most volatile stocks in ES Market6.2%
10% least volatile stocks in ES Market0.5%

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 (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20082,474Marco Emilio Patuanowww.cellnex.com

Cellnex Telecom, S.A. engages in the management of terrestrial telecommunications infrastructures in France, Italy, the United Kingdom, Spain, Poland, the Netherlands, Portugal, Switzerland, Denmark, Sweden, Ireland, and Austria. 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€16.63b
Earnings (TTM)-€343.03m
Revenue (TTM)€4.17b
4.0x
P/S Ratio
-48.3x
P/E 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€4.17b
Cost of Revenue€379.29m
Gross Profit€3.80b
Other Expenses€4.14b
Earnings-€343.03m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

Nov 06, 2026

Earnings per share (EPS)-0.52
Gross Margin90.91%
Net Profit Margin-8.22%
Debt/Equity Ratio149.9%

How did CLNX perform over the long term?

See historical performance and comparison

Dividends

1.6%
Current Dividend Yield
16%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/18 17:32
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

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

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* 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 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 43 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullBanco de Sabadell. S.A.
Fernando Cordero BarreiraBanco Santander
Maurice PatrickBarclays

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