Cellnex Telecom Valuation

Is CLNX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CLNX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CLNX (€33.75) is trading below our estimate of fair value (€36.18)

Significantly Below Fair Value: CLNX is trading below fair value, but not by a significant amount.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for CLNX?

Other financial metrics that can be useful for relative valuation.

CLNX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue11.9x
Enterprise Value/EBITDA19.1x
PEG Ration/a

Price to Sales Ratio vs Peers

How does CLNX's PS Ratio compare to its peers?

The above table shows the PS ratio for CLNX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1x
TEF Telefónica
0.6x0.8%€23.7b
PAR Parlem Telecom Companyia de Telecomunicacions
1.3x13.4%€61.1m
T TELUS
1.7x4.1%CA$32.9b
762 China Unicom (Hong Kong)
0.5x3.9%HK$193.7b
CLNX Cellnex Telecom
6.2x5.8%€23.8b

Price-To-Sales vs Peers: CLNX is expensive based on its Price-To-Sales Ratio (6.2x) compared to the peer average (1x).


Price to Earnings Ratio vs Industry

How does CLNX's PE Ratio compare vs other companies in the European Telecom Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a21.1%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a21.1%
n/an/an/a
No more companies

Price-To-Sales vs Industry: CLNX is expensive based on its Price-To-Sales Ratio (6.2x) compared to the European Telecom industry average (1.1x).


Price to Sales Ratio vs Fair Ratio

What is CLNX's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CLNX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.2x
Fair PS Ratio5.1x

Price-To-Sales vs Fair Ratio: CLNX is expensive based on its Price-To-Sales Ratio (6.2x) compared to the estimated Fair Price-To-Sales Ratio (5.1x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CLNX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€33.75
€42.58
+26.1%
17.9%€62.15€31.20n/a26
May ’25€31.05
€42.52
+36.9%
18.3%€62.15€31.20n/a26
Apr ’25€32.77
€42.98
+31.2%
17.7%€62.15€31.31n/a25
Mar ’25€33.57
€42.73
+27.3%
19.3%€62.15€30.00n/a26
Feb ’25€35.61
€42.66
+19.8%
19.8%€62.15€30.00n/a26
Jan ’25€35.66
€42.93
+20.4%
20.6%€63.00€30.00n/a26
Dec ’24€35.00
€42.51
+21.5%
19.8%€62.15€30.00n/a26
Nov ’24€28.49
€43.34
+52.1%
18.3%€62.15€31.00n/a26
Oct ’24€32.97
€47.18
+43.1%
22.0%€77.80€31.00n/a26
Sep ’24€35.53
€48.14
+35.5%
21.4%€77.80€32.27n/a24
Aug ’24€36.57
€48.30
+32.1%
21.1%€77.80€32.27n/a24
Jul ’24€36.99
€48.24
+30.4%
20.9%€77.80€32.27n/a24
Jun ’24€37.99
€48.25
+27.0%
21.8%€77.80€32.27n/a24
May ’24€38.17
€48.56
+27.2%
22.2%€77.80€32.27€31.0523
Apr ’24€35.76
€47.95
+34.1%
23.6%€77.80€23.44€32.7725
Mar ’24€34.97
€48.51
+38.7%
24.3%€77.80€23.44€33.5725
Feb ’24€35.69
€49.53
+38.8%
26.4%€79.00€23.44€35.6126
Jan ’24€30.92
€49.37
+59.7%
26.3%€79.00€23.44€35.6626
Dec ’23€34.23
€52.39
+53.1%
29.2%€83.85€23.44€35.0024
Nov ’23€32.81
€54.27
+65.4%
28.6%€83.85€23.44€28.4923
Oct ’23€31.79
€58.04
+82.6%
22.3%€83.85€23.44€32.9723
Sep ’23€38.32
€59.60
+55.5%
19.8%€83.85€29.09€35.5323
Aug ’23€43.60
€59.90
+37.4%
19.7%€83.85€29.09€36.5723
Jul ’23€38.16
€62.30
+63.3%
14.9%€83.85€39.00€36.9923
Jun ’23€41.09
€63.05
+53.4%
14.9%€83.85€39.00€37.9924
May ’23€44.56
€63.08
+41.6%
14.7%€83.85€39.00€38.1725

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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