Executive Summary
Cellnex Telecom, S.A. operates infrastructure for wireless telecommunication in Spain, Italy, the Netherlands, France, Switzerland, and internationally.
Snowflake
Fundamentals
Reasonable growth potential and overvalued.
Similar Companies
Share Price & News
How has Cellnex Telecom's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-3.6%
CLNX
0.2%
ES Telecom
0.2%
ES Market
1 Year Return
84.6%
CLNX
16.1%
ES Telecom
7.1%
ES Market
Return vs Industry: CLNX exceeded the Spanish Telecom industry which returned 16.1% over the past year.
Return vs Market: CLNX exceeded the Spanish Market which returned 7.1% over the past year.
Shareholder returns
| CLNX | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.6% | 0.2% | 0.2% |
| 30 Day | 7.7% | 4.4% | 1.4% |
| 90 Day | 16.9% | 2.3% | -0.5% |
| 1 Year | 110.2%84.6% | 22.6%16.1% | 10.7%7.1% |
| 3 Year | 189.1%151.7% | 6.0%-7.1% | 13.4%3.0% |
| 5 Year | n/a | 17.4%-5.7% | 8.9%-11.2% |
Price Volatility Vs. Market
How volatile is Cellnex Telecom's share price compared to the market and industry in the last 5 years?
Simply Wall St News
11 months ago | Simply Wall St
Cellnex Telecom SA (BME:CLNX): Assessing Capital Returns1 year ago | Simply Wall St
What Investors Should Know About Cellnex Telecom SA's (BME:CLNX) Financial Strength1 year ago | Simply Wall St
Is Analysts' Sentiment For Cellnex Telecom SA.'s (BME:CLNX) Justified?Valuation
Is Cellnex Telecom undervalued compared to its fair value and its price relative to the market?
9.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CLNX (€38.92) is trading below our estimate of fair value (€42.88)
Significantly Below Fair Value: CLNX is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CLNX is poor value based on its PE Ratio (633.1x) compared to the Telecom industry average (21.7x).
PE vs Market: CLNX is poor value based on its PE Ratio (633.1x) compared to the Spanish market (16.6x).
Price to Earnings Growth Ratio
PEG Ratio: CLNX is poor value based on its PEG Ratio (16.1x)
Price to Book Ratio
PB vs Industry: CLNX is overvalued based on its PB Ratio (7x) compared to the ES Telecom industry average (4.8x).
Next Steps
Future Growth
How is Cellnex Telecom forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
39.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CLNX's forecast earnings growth (39.3% per year) is above the savings rate (1.5%).
Earnings vs Market: CLNX's earnings (39.3% per year) are forecast to grow faster than the Spanish market (7.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CLNX's revenue (14% per year) is forecast to grow faster than the Spanish market (3.7% per year).
High Growth Revenue: CLNX's revenue (14% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CLNX's Return on Equity is forecast to be low in 3 years time (11.1%).
Next Steps
Past Performance
How has Cellnex Telecom performed over the past 5 years?
-41.0%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: CLNX's earnings have declined by -41% per year over the past 5 years.
Accelerating Growth: CLNX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: CLNX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Telecom industry (1.4%).
Return on Equity
High ROE: CLNX's Return on Equity (0.7%) is considered low.
Return on Assets
ROA vs Industry: CLNX's Return on Assets is below or equal to the Telecom industry average last year.
Return on Capital Employed
ROCE Improving: CLNX's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Cellnex Telecom's financial position?
Financial Position Analysis
Short Term Liabilities: CLNX's short term assets (€2.0B) exceeds its short term liabilities (€667.5M)
Long Term Liabilities: CLNX's short term assets (2.0B) do not cover its long term liabilities (4.3B)
Debt to Equity History and Analysis
Debt Level: CLNX's debt to equity ratio (191.6%) is considered high
Reducing Debt: CLNX's debt to equity ratio has increased from 60.5% to 191.6% over the past 5 years.
Debt Coverage: CLNX's debt is not well covered by operating cash flow (13.1%).
Interest Coverage: CLNX's interest payments on its debt are not well covered by EBIT (1.6x coverage).
Balance Sheet
Inventory Level: CLNX has a high level of physical assets or inventory.
Debt Coverage by Assets: CLNX's debt is not covered by short term assets (assets are 0.6x debt).
Next Steps
Dividend
What is Cellnex Telecom's current dividend yield, its reliability and sustainability?
0.24%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: CLNX's dividend (0.24%) isn’t notable compared to the bottom 25% of dividend payers in the Spanish market (2.34%).
High Dividend: CLNX's dividend (0.24%) is low compared to the top 25% of dividend payers in the Spanish market (5.63%).
Stable Dividend: CLNX is not paying a notable dividend for the Spanish market, therefore no need to check if payments are stable.
Growing Dividend: CLNX is not paying a notable dividend for the Spanish market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: CLNX is not paying a notable dividend for the Spanish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CLNX's dividend in 3 years as they are not forecast to pay a notable one for the Spanish market.
Next Steps
Management
What is the CEO of Cellnex Telecom's salary, the management and board of directors tenure and is there insider trading?
2.4yrs
Average management tenure
CEO
Tobias Martinez Gimeno (60yo)
0yrs
Tenure
€1,066,000
Compensation
Mr. Tobias Martinez Gimeno serves as the Chief Executive Officer and Managing Director of Cellnex Telecom, S.A. Mr. Gimeno served as General Manager of Telecom Terrestre at Abertis Infraestructuras S.A., u ...
CEO Compensation Analysis
Compensation vs. Market: Tobias's total compensation ($USD0.00) is too low to compare against companies of similar size in the Spanish market ($USD2.98M).
Compensation vs Earnings: Insufficient data to compare Tobias's compensation with company performance.
Management Age and Tenure
2.4yrs
Average Tenure
Experienced Management: CLNX's management team is considered experienced (2.4 years average tenure).
Board Age and Tenure
2.5yrs
Average Tenure
53yo
Average Age
Experienced Board: CLNX's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer CEO, MD & Director |
| Shares | 9,610 |
| Max Price | €26.71 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, MD & Director |
| Shares | 480 |
| Max Price | €24.96 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 341 |
| Max Price | €17.89 |
| Entity | Individual |
| Role | Vice Chairman Deputy Chairperson |
| Shares | 2,893 |
| Max Price | €17.89 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, MD & Director |
| Shares | 13,156 |
| Max Price | €17.89 |
Ownership Breakdown
Management Team
Tobias Martinez Gimeno (60yo)
CEO, MD & Director
- Tenure: 0yrs
- Compensation: €1.07m
Tony Brunet Mauri (57yo)
Corporate & Public Affairs Director
- Tenure: 0yrs
José Manuel Aisa Mancho
CFO & Corporate Development Director
- Tenure: 2.4yrs
Lluis Deulofeu Fuguet
Deputy Chief Executive Officer
- Tenure: 1.6yrs
- Compensation: €40.00k
Javier Martí de Veses Estades
General & Corporate Secretary
- Tenure: 0yrs
Alex Mestre Molins
Global Business MD & GM of Global
- Tenure: 2.4yrs
Jose María Miralles Prieto
Chief Legal Officer
- Tenure: 0yrs
Sergio Martínez Pie
Head of Internal Audit & Risk Control
- Tenure: 0yrs
Daniel Fernández-Capo
Global Operations Director
- Tenure: 2.4yrs
Juan Jose Gaitan Mañoso
Head of Investor Relations
- Tenure: 0yrs
Board Members
Bertrand Boudewijn Kan
Deputy Chairperson
- Tenure: 2.5yrs
- Compensation: €60.00k
Leonard Peter Shore
Independent Director
- Tenure: 4.5yrs
- Compensation: €60.00k
Tobias Martinez Gimeno (60yo)
CEO, MD & Director
- Tenure: 0yrs
- Compensation: €1.07m
Anne Bouverot (53yo)
Independent Director
- Tenure: 1.4yrs
Giampaolo Zambeletti Rossi
Coordinating Independent Director
- Tenure: 4.5yrs
- Compensation: €60.00k
Don Pierre Blayau
Independent Director
- Tenure: 4.5yrs
- Compensation: €60.00k
Marieta del Rivero Bermejo
Independent Director
- Tenure: 2.5yrs
Elisabetta De Bernardi di Valserra (42yo)
Director
- Tenure: 1.3yrs
María Luisa Guijarro Piñal
Independent Director
- Tenure: 1.4yrs
Franco Bernabe
Non-Executive Chairman
- Tenure: 0.3yrs
Company Information
Cellnex Telecom, S.A.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Cellnex Telecom, S.A.
- Ticker: CLNX
- Exchange: BME
- Founded: 2008
- Industry: Integrated Telecommunication Services
- Sector: Telecom
- Market Cap: €11.617b
- Shares outstanding: 298.47m
- Website: https://www.cellnextelecom.com
Number of Employees
Location
- Cellnex Telecom, S.A.
- Juan Esplandiú Street, 11-13
- Madrid
- 28007
- Spain
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CLNX | BME (Bolsas y Mercados Espanoles) | Yes | Ordinary Registered Shares | ES | EUR | May 2015 |
| CLNXe | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Registered Shares | GB | EUR | May 2015 |
| 0R9C | LSE (London Stock Exchange) | Yes | Ordinary Registered Shares | GB | EUR | May 2015 |
| CLNX N | BMV (Bolsa Mexicana de Valores) | Yes | Ordinary Registered Shares | MX | MXN | May 2015 |
| CLNX.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Registered Shares | US | USD | May 2015 |
| CLNX | WBAG (Wiener Boerse AG) | Yes | Ordinary Registered Shares | AT | EUR | May 2015 |
| CLLN.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | Aug 2017 |
Biography
Cellnex Telecom, S.A. operates infrastructure for wireless telecommunication in Spain, Italy, the Netherlands, France, Switzerland, and internationally. The company operates through three segments: Telecom ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/22 21:41 |
| End of Day Share Price | 2019/10/22 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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 here.