OTCPK:CLNX.F

Stock Analysis Report

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 with worrying balance sheet.


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

-1.3%

OTCPK:CLNX.F

-2.9%

US Telecom

-0.02%

US Market


1 Year Return

50.5%

OTCPK:CLNX.F

7.9%

US Telecom

1.6%

US Market

CLNX.F outperformed the Telecom industry which returned 7% over the past year.

CLNX.F outperformed the Market in United States of America which returned 1.9% over the past year.


Share holder returns

CLNX.FIndustryMarket
7 Day-1.3%-2.9%-0.02%
30 Day-1.6%4.4%2.7%
90 Day2.6%8.4%1.4%
1 Year50.5%50.5%13.6%7.9%3.8%1.6%
3 Yearn/a15.6%-1.2%45.2%35.8%
5 Yearn/a33.5%2.9%61.8%44.1%

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

No news available

Valuation

Is Cellnex Telecom undervalued based on future cash flows and its price relative to the stock market?

589.7x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Cellnex Telecom's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Cellnex Telecom's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Cellnex Telecom is overvalued based on earnings compared to the US Telecom industry average.

Cellnex Telecom is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Cellnex Telecom is poor value based on expected growth next year.


Price Based on Value of Assets

Cellnex Telecom is overvalued based on assets compared to the US Telecom industry average.


Next Steps

Future Growth

How is Cellnex Telecom expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

36.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Cellnex Telecom's revenue is expected to grow by 14.5% yearly, however this is not considered high growth (20% yearly).

Cellnex Telecom's earnings are expected to grow significantly at over 20% yearly.

Cellnex Telecom's revenue growth is expected to exceed the United States of America market average.

Cellnex Telecom's earnings growth is expected to exceed the United States of America market average.

Cellnex Telecom's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Cellnex Telecom is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


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

Cellnex Telecom's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Cellnex Telecom has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

Cellnex Telecom has become profitable in the last year making it difficult to compare the US Telecom industry average.


Return on Equity

Cellnex Telecom has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Cellnex Telecom used its assets less efficiently than the US Telecom industry average last year based on Return on Assets.


Return on Capital Employed

Cellnex Telecom's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Cellnex Telecom's financial position?


Financial Position Analysis

Cellnex Telecom is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Cellnex Telecom's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Cellnex Telecom's level of debt (191.6%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (60.5% vs 191.6% today).

Debt is not well covered by operating cash flow (13.1%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 1.6x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

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?

0.34%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Cellnex Telecom's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

Cellnex Telecom's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).

Cellnex Telecom is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.

Cellnex Telecom is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.


Current Payout to Shareholders

No need to calculate the sustainability of Cellnex Telecom's dividends as it is not paying a notable one for United States of America.


Future Payout to Shareholders

No need to calculate the sustainability of Cellnex Telecom's dividends in 3 years as they are not expected to pay a notable one for United States of America.


Next Steps

Management

What is the CEO of Cellnex Telecom's salary, the management and board of directors tenure and is there insider trading?

2.3yrs

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

Tobias's remuneration is lower than average for companies of similar size in United States of America.

Insufficient data for Tobias to compare compensation growth.


Management Age and Tenure

2.3yrs

Average Tenure

The tenure for the Cellnex Telecom management team is about average.


Board Age and Tenure

2.4yrs

Average Tenure

53yo

Average Age

The average tenure for the Cellnex Telecom board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Buy€287,27828 May 19
Tobias Martinez Gimeno
EntityIndividual
Role
Chief Executive Officer
CEO, MD & Director
Shares9,610
Max Price€29.89
Buy€13,42216 May 19
Tobias Martinez Gimeno
EntityIndividual
Role
Chief Executive Officer
CEO, MD & Director
Shares480
Max Price€27.96
Buy€6,90228 Mar 19
Don Pierre Blayau
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares341
Max Price€20.24
Buy€58,55428 Mar 19
Bertrand Boudewijn Kan
EntityIndividual
Role
Vice Chairman
Deputy Chairperson
Shares2,893
Max Price€20.24
Buy€266,27528 Mar 19
Tobias Martinez Gimeno
EntityIndividual
Role
Chief Executive Officer
CEO, MD & Director
Shares13,156
Max Price€20.24

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: 2.3yrs
  • Lluis Deulofeu Fuguet

    Deputy Chief Executive Officer

    • Tenure: 1.5yrs
    • Compensation: €40.00k
  • Javier Martí de Veses Estades

    General & Corporate Secretary

    • Tenure: 0yrs
  • Alex Mestre Molins

    Global Business MD & GM of Global

    • Tenure: 2.3yrs
  • 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: 2.3yrs
  • Juan Jose Gaitan Mañoso

    Head of Investor Relations

    • Tenure: 0yrs

Board Members

  • Bertrand Boudewijn Kan

    Deputy Chairperson

    • Tenure: 2.4yrs
    • Compensation: €60.00k
  • Leonard Peter Shore

    Independent Director

    • Tenure: 4.4yrs
    • Compensation: €60.00k
  • Tobias Martinez Gimeno (60yo)

    CEO, MD & Director

    • Tenure: 0yrs
    • Compensation: €1.07m
  • Anne Bouverot (53yo)

    Independent Director

    • Tenure: 1.3yrs
  • Giampaolo Zambeletti Rossi

    Coordinating Independent Director

    • Tenure: 4.4yrs
    • Compensation: €60.00k
  • Don Pierre Blayau

    Independent Director

    • Tenure: 4.4yrs
    • Compensation: €60.00k
  • Marieta del Rivero Bermejo

    Independent Director

    • Tenure: 2.4yrs
  • Elisabetta De Bernardi di Valserra (42yo)

    Director

    • Tenure: 1.2yrs
  • María Luisa Guijarro Piñal

    Independent Director

    • Tenure: 1.3yrs
  • Franco Bernabe

    Non-Executive Chairman

    • Tenure: 0.2yrs

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.F
  • Exchange: OTCPK
  • Founded: 2008
  • Industry: Integrated Telecommunication Services
  • Sector: Telecom
  • Market Cap: €10.820b
  • Listing Market Cap: €11.970b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CLNXBME (Bolsas y Mercados Espanoles)YesOrdinary Registered SharesESEURMay 2015
0R9CLSE (London Stock Exchange)YesOrdinary Registered SharesGBEURMay 2015
CLNX NBMV (Bolsa Mexicana de Valores)YesOrdinary Registered SharesMXMXNMay 2015
CLNX.FOTCPK (Pink Sheets LLC)YesOrdinary Registered SharesUSUSDMay 2015
CLNXWBAG (Wiener Boerse AG)YesOrdinary Registered SharesATEURMay 2015
CLLN.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDAug 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/19 01:01
End of Day Share Price2019/09/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.