Koninklijke KPN N.V.

LSE:0O8F Stock Report

Market Cap: €14.1b

Koninklijke KPN Valuation

Is 0O8F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0O8F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0O8F (€3.62) is trading below our estimate of fair value (€9.56)

Significantly Below Fair Value: 0O8F is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0O8F?

Key metric: As 0O8F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0O8F. This is calculated by dividing 0O8F's market cap by their current earnings.
What is 0O8F's PE Ratio?
PE Ratio17.6x
Earnings€800.00m
Market Cap€14.08b

Price to Earnings Ratio vs Peers

How does 0O8F's PE Ratio compare to its peers?

The above table shows the PE ratio for 0O8F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.9x
BT.A BT Group
19.3x14.1%UK£14.8b
VOD Vodafone Group
9.2x4.2%UK£18.1b
GAMA Gamma Communications
26.9x12.7%UK£1.5b
TLKM Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia
12.1x6.9%Rp272.4t
0O8F Koninklijke KPN
17.6x6.8%€14.1b

Price-To-Earnings vs Peers: 0O8F is expensive based on its Price-To-Earnings Ratio (17.6x) compared to the peer average (16.9x).

Price to Earnings Ratio vs Industry

How does 0O8F's PE Ratio compare vs other companies in the European Telecom Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0O8F 17.6xIndustry Avg. 18.3xNo. of Companies7PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0O8F is good value based on its Price-To-Earnings Ratio (17.6x) compared to the European Telecom industry average (18.3x).

Price to Earnings Ratio vs Fair Ratio

What is 0O8F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0O8F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.6x
Fair PE Ratio18.7x

Price-To-Earnings vs Fair Ratio: 0O8F is good value based on its Price-To-Earnings Ratio (17.6x) compared to the estimated Fair Price-To-Earnings Ratio (18.7x).

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 0O8F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€3.62
€3.86
+6.7%
12.5%€4.70€2.30n/a22
Nov ’25€3.63
€3.84
+5.8%
12.4%€4.70€2.30n/a22
Oct ’25€3.67
€3.81
+3.9%
11.9%€4.50€2.30n/a22
Sep ’25€3.70
€3.78
+2.2%
12.2%€4.50€2.30n/a21
Aug ’25€3.63
€3.78
+4.1%
12.3%€4.50€2.30n/a21
Jul ’25€3.62
€3.70
+2.4%
13.1%€4.60€2.30n/a21
Jun ’25€3.46
€3.69
+6.5%
13.1%€4.60€2.30n/a21
May ’25€3.41
€3.69
+8.2%
13.1%€4.60€2.30n/a21
Apr ’25€3.47
€3.66
+5.7%
13.4%€4.50€2.30n/a20
Mar ’25€3.40
€3.63
+6.6%
13.4%€4.50€2.30n/a20
Feb ’25€3.24
€3.62
+11.5%
13.5%€4.50€2.30n/a20
Jan ’25€3.12
€3.59
+15.3%
13.6%€4.50€2.30n/a20
Dec ’24€3.13
€3.58
+14.3%
12.9%€4.30€2.30n/a20
Nov ’24€3.19
€3.60
+12.7%
13.1%€4.30€2.30€3.6320
Oct ’24€3.12
€3.61
+15.4%
13.6%€4.40€2.30€3.6720
Sep ’24€3.23
€3.64
+12.7%
13.5%€4.40€2.30€3.7019
Aug ’24€3.29
€3.64
+10.8%
13.5%€4.40€2.30€3.6319
Jul ’24€3.29
€3.64
+10.7%
13.1%€4.40€2.30€3.6218
Jun ’24€3.21
€3.61
+12.5%
12.8%€4.40€2.30€3.4619
May ’24€3.30
€3.58
+8.2%
14.1%€4.40€2.30€3.4119
Apr ’24€3.26
€3.54
+8.5%
14.2%€4.40€2.30€3.4720
Mar ’24€3.23
€3.52
+9.0%
14.6%€4.40€2.30€3.4020
Feb ’24€3.16
€3.42
+8.3%
16.4%€4.40€2.30€3.2420
Jan ’24€2.95
€3.39
+15.0%
16.2%€4.40€2.30€3.1220
Dec ’23€2.97
€3.42
+14.9%
15.8%€4.40€2.30€3.1320
Nov ’23€2.81
€3.42
+21.8%
15.7%€4.40€2.30€3.1921

Analyst Forecast: Target price is less than 20% higher than the current share price.

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