Koninklijke KPN N.V.

OTCPK:KKPN.F Stock Report

Market Cap: US$14.7b

Koninklijke KPN Valuation

Is KKPN.F 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 KKPN.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KKPN.F ($3.79) is trading below our estimate of fair value ($9.79)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KKPN.F?

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

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

Price to Earnings Ratio vs Peers

How does KKPN.F's PE Ratio compare to its peers?

The above table shows the PE ratio for KKPN.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19x
VZ Verizon Communications
18.5x15.6%US$181.6b
T AT&T
18.8x17.3%US$166.3b
IDT IDT
20.1xn/aUS$1.3b
LICT LICT
18.6xn/aUS$228.3m
KKPN.F Koninklijke KPN
17.6x6.8%US$14.1b

Price-To-Earnings vs Peers: KKPN.F is good value based on its Price-To-Earnings Ratio (17.6x) compared to the peer average (19x).

Price to Earnings Ratio vs Industry

How does KKPN.F's PE Ratio compare vs other companies in the Global Telecom Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KKPN.F 17.6xIndustry Avg. 15.9xNo. of Companies27PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KKPN.F is expensive based on its Price-To-Earnings Ratio (17.6x) compared to the Global Telecom industry average (15.9x).

Price to Earnings Ratio vs Fair Ratio

What is KKPN.F'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.

KKPN.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.6x
Fair PE Ratio27.1x

Price-To-Earnings vs Fair Ratio: KKPN.F is good value based on its Price-To-Earnings Ratio (17.6x) compared to the estimated Fair Price-To-Earnings Ratio (27.1x).

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 KKPN.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$3.79
US$4.02
+6.1%
12.5%US$4.89US$2.40n/a22
Nov ’25US$3.91
US$4.15
+6.2%
12.4%US$5.08US$2.49n/a22
Oct ’25US$4.06
US$4.25
+4.6%
11.9%US$5.01US$2.56n/a22
Sep ’25US$4.12
US$4.13
+0.4%
12.2%US$4.92US$2.51n/a21
Aug ’25US$3.95
US$4.10
+3.8%
12.3%US$4.88US$2.49n/a21
Jul ’25US$3.82
US$3.98
+4.1%
13.1%US$4.94US$2.47n/a21
Jun ’25US$3.80
US$4.00
+5.4%
13.1%US$5.00US$2.50n/a21
May ’25US$3.66
US$3.94
+7.5%
13.1%US$4.91US$2.46n/a21
Apr ’25US$3.75
US$3.93
+4.9%
13.4%US$4.83US$2.47n/a20
Mar ’25US$3.68
US$3.91
+6.4%
13.4%US$4.85US$2.48n/a20
Feb ’25US$3.55
US$3.93
+10.7%
13.5%US$4.89US$2.50n/a20
Jan ’25US$3.43
US$3.88
+13.1%
13.6%US$4.86US$2.48n/a20
Dec ’24US$3.41
US$3.89
+14.2%
12.9%US$4.68US$2.50n/a20
Nov ’24US$3.36
US$3.82
+13.7%
13.1%US$4.57US$2.44US$3.9120
Oct ’24US$3.28
US$3.81
+16.1%
13.6%US$4.65US$2.43US$4.0620
Sep ’24US$3.49
US$3.93
+12.7%
13.5%US$4.75US$2.48US$4.1219
Aug ’24US$3.62
US$3.99
+10.3%
13.5%US$4.83US$2.52US$3.9519
Jul ’24US$3.58
US$3.99
+11.5%
13.1%US$4.82US$2.52US$3.8218
Jun ’24US$3.48
US$3.87
+11.3%
12.8%US$4.72US$2.46US$3.8019
May ’24US$3.62
US$3.94
+8.9%
14.1%US$4.85US$2.54US$3.6619
Apr ’24US$3.55
US$3.81
+7.3%
14.2%US$4.74US$2.48US$3.7520
Mar ’24US$3.41
US$3.73
+9.4%
14.6%US$4.66US$2.44US$3.6820
Feb ’24US$3.48
US$3.75
+7.9%
16.4%US$4.83US$2.53US$3.5520
Jan ’24US$3.13
US$3.60
+14.9%
16.2%US$4.67US$2.44US$3.4320
Dec ’23US$3.12
US$3.53
+13.0%
15.8%US$4.54US$2.37US$3.4120
Nov ’23US$2.75
US$3.41
+24.0%
15.7%US$4.39US$2.29US$3.3621

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

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