OTCPK:CLNX.F

Stock Analysis Report

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Executive Summary

Cellnex Telecom, S.A. operates infrastructure for wireless telecommunication in Spain, Italy, the Netherlands, France, Switzerland, the United Kingdom, and Ireland. More Details


Snowflake Analysis

Moderate growth potential with imperfect 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

Stable Share Price: CLNX.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.7%

CLNX.F

-2.4%

US Telecom

-0.8%

US Market


1 Year Return

47.1%

CLNX.F

-12.9%

US Telecom

13.8%

US Market

Return vs Industry: CLNX.F exceeded the US Telecom industry which returned -12.9% over the past year.

Return vs Market: CLNX.F exceeded the US Market which returned 13.8% over the past year.


Shareholder returns

CLNX.FIndustryMarket
7 Day-0.7%-2.4%-0.8%
30 Day-3.5%-3.5%-5.7%
90 Day1.0%1.4%8.6%
1 Year47.1%47.1%-8.4%-12.9%16.4%13.8%
3 Year170.4%170.4%4.3%-10.6%36.9%27.8%
5 Yearn/a30.7%1.3%85.0%64.2%

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

No news available

Valuation

Is Cellnex Telecom undervalued compared to its fair value and its price relative to the market?

5.02x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CLNX.F ($61.05) is trading above our estimate of fair value ($26.32)

Significantly Below Fair Value: CLNX.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CLNX.F is unprofitable, so we can't compare its PE Ratio to the US Telecom industry average.

PE vs Market: CLNX.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CLNX.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CLNX.F is overvalued based on its PB Ratio (5x) compared to the US Telecom industry average (1.2x).


Next Steps

Future Growth

How is Cellnex Telecom forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

49.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CLNX.F is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

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

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

Revenue vs Market: CLNX.F's revenue (9.2% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: CLNX.F's revenue (9.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CLNX.F's Return on Equity is forecast to be low in 3 years time (3%).


Next Steps

  • Explore growth companies in the Telecom industry.

Past Performance

How has Cellnex Telecom performed over the past 5 years?

-55.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CLNX.F is currently unprofitable.

Growing Profit Margin: CLNX.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CLNX.F is unprofitable, and losses have increased over the past 5 years at a rate of 55.1% per year.

Accelerating Growth: Unable to compare CLNX.F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CLNX.F is unprofitable, making it difficult to compare its past year earnings growth to the Telecom industry (-12.9%).


Return on Equity

High ROE: CLNX.F has a negative Return on Equity (-1.36%), as it is currently unprofitable.


Next Steps

Financial Health

How is Cellnex Telecom's financial position?


Financial Position Analysis

Short Term Liabilities: CLNX.F's short term assets (€3.2B) exceed its short term liabilities (€771.4M).

Long Term Liabilities: CLNX.F's short term assets (€3.2B) do not cover its long term liabilities (€9.1B).


Debt to Equity History and Analysis

Debt Level: CLNX.F's debt to equity ratio (125.4%) is considered high.

Reducing Debt: CLNX.F's debt to equity ratio has reduced from 215% to 125.4% over the past 5 years.

Debt Coverage: CLNX.F's debt is not well covered by operating cash flow (9.2%).

Interest Coverage: CLNX.F is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Cellnex Telecom current dividend yield, its reliability and sustainability?

0.13%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CLNX.F's dividend (0.13%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.72%).

High Dividend: CLNX.F's dividend (0.13%) is low compared to the top 25% of dividend payers in the US market (4.94%).


Stability and Growth of Payments

Stable Dividend: CLNX.F is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: CLNX.F is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: CLNX.F is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CLNX.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Tobias Martinez Gimeno (61 yo)

no data

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 ($USD0.00) is below average for companies of similar size in the US market ($USD11.36M).

Compensation vs Earnings: Insufficient data to compare Tobias's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Tobias Martinez Gimeno
CEO, MD & Directorno data€1.07m0.014%
€ 4.2m
Lluís Deulofeu Fuguet
Deputy Chief Executive Officer2.5yrs€40.00kno data
José Manuel Aisa Mancho
Corporate Finance3.33yrsno datano data
Sergio Pérez
Global Operations Director0.50yrno datano data
Juan Jose Gaitan Mañoso
Head of Investor Relationsno datano datano data
Jose María Miralles Prieto
General Counsel - Legal & Regulatory Affairsno datano datano data
Antoni Brunet Mauri
Corporate & Public Affairs Directorno datano datano data
Alexandre Mestre Molins
Business Deputy CEO3.33yrsno datano data
Sergio Martínez Pie
Head of Internal Audit & Risk Controlno datano datano data
Jaime Vioque
Non-Executive Secretary0.75yrno datano data
Virginia Virgós
Non-Directorial Vice-Secretary1yrno datano data

1.8yrs

Average Tenure

Experienced Management: CLNX.F's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Tobias Martinez Gimeno
CEO, MD & Directorno data€1.07m0.014%
€ 4.2m
Bertrand Boudewijn Kan
Independent Deputy Chairperson3.42yrs€60.00k0.0034%
€ 1.0m
Leonard Peter Shore
Independent Director5.42yrs€60.00kno data
Anne Bouverot
Independent Director2.33yrsno data0.00053%
€ 159.4k
Christian Coco
Director0.42yrno datano data
Giampaolo Zambeletti Rossi
Coordinating Independent Director5.42yrs€60.00kno data
Pierre Blayau
Independent Director5.42yrs€60.00k0.00041%
€ 123.3k
Marieta del Rivero Bermejo
Independent Director3.42yrsno datano data
María Luisa Guijarro Piñal
Independent Director2.33yrsno datano data
Franco Bernabe
Non-Executive Chairman1.17yrsno data0.013%
€ 3.9m

3.4yrs

Average Tenure

Experienced Board: CLNX.F's board of directors are considered experienced (3.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 63%.


Top Shareholders

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: €25.886b
  • Listing Market Cap: €30.075b
  • Shares outstanding: 486.58m
  • Website: https://www.cellnextelecom.com

Number of Employees


Location

  • Cellnex Telecom, S.A.
  • Juan Esplandiú, 11-13
  • Madrid
  • Madrid
  • 28007
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CLNXBME (Bolsas y Mercados Espanoles)YesOrdinary Registered SharesESEURMay 2015
CLNXeBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary Registered SharesGBEURMay 2015
472DB (Deutsche Boerse AG)YesOrdinary Registered SharesDEEURMay 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, the United Kingdom, and Ireland. The company operates through three segme ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/28 05:48
End of Day Share Price2020/09/23 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.