Cellnex Telecom, S.A.

BME:CLNX Stock Report

Market Cap: €18.2b

Cellnex Telecom Future Growth

Future criteria checks 3/6

Cellnex Telecom is forecast to grow earnings and revenue by 80.6% and 4.4% per annum respectively. EPS is expected to grow by 86.7% per annum. Return on equity is forecast to be 1.5% in 3 years.

Key information

80.6%

Earnings growth rate

86.73%

EPS growth rate

Telecom earnings growth15.9%
Revenue growth rate4.4%
Future return on equity1.55%
Analyst coverage

Good

Last updated10 Aug 2026

Recent future growth updates

Recent updates

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?
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?
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...
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...
Analysis Article • Aug 23

Are 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...
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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.

Earnings and Revenue Growth Forecasts

BME:CLNX - Analysts future estimates and past financials data (EUR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20284,7721332,2882,27217
12/31/20274,529351,9922,28222
12/31/20264,331-831,9792,25922
6/30/20264,175-3438072,455N/A
3/31/20264,140-349N/AN/AN/A
12/31/20254,120-3615262,286N/A
9/30/20254,104-151N/AN/AN/A
6/30/20254,0922753162,241N/A
3/31/20254,107-38N/AN/AN/A
12/31/20244,070-282762,307N/A
9/30/20243,998-239N/AN/AN/A
6/30/20243,917-520-152,112N/A
3/31/20243,863-245N/AN/AN/A
12/31/20233,804-297-1262,068N/A
9/30/20233,684-240N/AN/AN/A
6/30/20233,542-322-2752,059N/A
3/31/20233,405-295N/AN/AN/A
12/31/20223,248-297-7391,829N/A
9/30/20223,250-461N/AN/AN/A
6/30/20222,996-466-6661,513N/A
3/31/20222,760-401N/AN/AN/A
12/31/20212,438-363-3801,141N/A
9/30/20212,173-194N/AN/AN/A
6/30/20211,877-159-311859N/A
3/31/20211,710-146N/AN/AN/A
12/31/20201,562-13531790N/A
9/30/20201,396-81N/AN/AN/A
6/30/20201,233-52-246572N/A
3/31/20201,117-39N/AN/AN/A
12/31/20191,000-9N/A420N/A
9/30/2019955-1N/AN/AN/A
6/30/201991615N/A451N/A
3/31/201989122N/AN/AN/A
12/31/2018867-15N/A396N/A
9/30/2018844-26N/AN/AN/A
6/30/2018818-21N/A367N/A
3/31/2018786-13N/AN/AN/A
12/31/201775826N/A375N/A
9/30/201772938N/AN/AN/A
6/30/201771332N/A315N/A
3/31/201769440N/AN/AN/A
12/31/201667040N/A252N/A
9/30/201664263N/AN/AN/A
6/30/201662653N/A221N/A
3/31/201662350N/AN/AN/A
12/31/201557547N/A238N/A
9/30/201554734N/AN/AN/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CLNX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.9%).

Earnings vs Market: CLNX is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CLNX is expected to become profitable in the next 3 years.

Revenue vs Market: CLNX's revenue (4.4% per year) is forecast to grow slower than the Spanish market (6.6% per year).

High Growth Revenue: CLNX's revenue (4.4% 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 (1.5%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/13 13:25
End of Day Share Price 2026/08/13 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
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 43 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
null nullBanco de Sabadell. S.A.
Fernando Cordero BarreiraBanco Santander
Maurice PatrickBarclays