FNTN Stock Analysis: freenet | XETRA
Telecom Services | XETRA, Germany | Market Cap: 2.862m EUR | 12M Return: -4.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 7.49M
EPS Trend: 71.4%
Qual. Beats: 0
Rev. Trend: -60.9%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
freenet AG is a German telecommunications and digital media company headquartered in Büdelsdorf, operating through three segments: Mobile Communications, TV and Media, and Other/Holding. Its core business is reselling mobile voice and data services from major German network operators as a service provider, alongside the distribution of mobile devices, WiFi network services, and network-independent tariffs such as its freenet Internet app product. The TV and Media segment focuses on broadcast infrastructure services for B2B clients and consumer offerings in DVB-T2 (German digital terrestrial TV) and IPTV, while the Other/Holding segment bundles portal, e-commerce, payment, and digital entertainment services.
The company was originally incorporated as telunico holding AG and renamed freenet AG in March 2005. It is listed on XETRA under the ticker FNTN and classified within the Communication Services sector (Integrated Telecommunication Services). As a mobile service provider without its own radio network infrastructure, freenet follows a service-provider/MVNO-style business model, competing in the German mobile market against incumbent network operators Deutsche Telekom, Vodafone, and Telefónica Deutschland (O2).
- Mobile Communications postpaid base growth lifts service revenue
- DVB-T2 HD renewal and IPTV competition pressure TV margins
- Share buyback program and dividend sustain capital returns
| Net Income: 261.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA -0.04 > 1.0 |
| NWC/Revenue: -15.76% < 20% (prev -11.38%; Δ -4.38% < -1%) |
| CFO/TA 0.11 > 3% & CFO 389.7m > Net Income 261.5m |
| Net Debt (835.5m) to EBITDA (528.0m): 1.58 < 3 |
| Current Ratio: 0.66 > 1.5 & < 3 |
| Outstanding Shares: last quarter (118.0m) vs 12m ago -0.76% < -2% |
| Gross Margin: 31.56% > 18% (prev 37.11%; Δ -5.54% > 0.5%) |
| Asset Turnover: 75.51% > 50% (prev 72.75%; Δ 2.77% > 0%) |
| Interest Coverage Ratio: 13.43 > 6 (EBIT TTM 386.7m / Interest Expense TTM 28.8m) |
| A: -0.12 (Total Current Assets 805.2m - Total Current Liabilities 1.21b) / Total Assets 3.52b |
| B: 0.25 (Retained Earnings 887.0m / Total Assets 3.52b) |
| C: 0.11 (EBIT TTM 386.7m / Avg Total Assets 3.44b) |
| D: 0.82 (Book Value of Equity 1.58b / Total Liabilities 1.94b) |
| Altman-Z'' = 1.67 = BB |
| DSRI: 0.67 (Receivables 358.9m/501.8m, Revenue 2.60b/2.44b) |
| GMI: 1.18 (GM 37.11% / 31.56%) |
| AQI: 1.06 (AQ_t 0.69 / AQ_t-1 0.65) |
| SGI: 1.06 (Revenue 2.60b / 2.44b) |
| TATA: -0.04 (NI 261.5m - CFO 389.7m) / TA 3.52b) |
| Beneish M = -3.06 (Cap -4..+1) = AA |
As of July 28, 2026, the stock is trading at EUR 24.80 with a total of 266,077 shares traded. Over the past week, the price has changed by +2.65%, over one month by +6.35%, over three months by +0.77% and over the past year by -4.12%.
Current recommended Stop Loss: 24.20 (which is 2.4% or 1.5 ATR below the current price).
freenet has no consensus analysts rating.
P/E Trailing = 11.0273
P/E Forward = 11.4155
P/S = 1.0907
P/B = 1.8147
P/EG = 0.8482
Revenue TTM = 2.60b EUR
EBIT TTM = 386.7m EUR
EBITDA TTM = 528.0m EUR
Long Term Debt = 199.7m EUR (from longTermDebt, last quarter)
Short Term Debt = 327.9m EUR (from shortTermDebt, last quarter)
Debt = 933.6m EUR (from shortLongTermDebtTotal, last quarter) + Leases 239.7m
Net Debt = 835.5m EUR (calculated: Debt 933.6m - CCE 98.1m)
Enterprise Value = 3.70b EUR (2.86b + Debt 933.6m - CCE 98.1m)
Interest Coverage Ratio = 13.43 (Ebit TTM 386.7m / Interest Expense TTM 28.8m)
EV/FCF = 10.76x (Enterprise Value 3.70b / FCF TTM 343.8m)
FCF Yield = 9.30% (FCF TTM 343.8m / Enterprise Value 3.70b)
FCF Margin = 13.24% (FCF TTM 343.8m / Revenue TTM 2.60b)
Net Margin = 10.07% (Net Income TTM 261.5m / Revenue TTM 2.60b)
Gross Margin = 31.56% ((Revenue TTM 2.60b - Cost of Revenue TTM 1.78b) / Revenue TTM)
Gross Margin QoQ = 19.77% (prev 24.83%)
Tobins Q-Ratio = 1.05 (Enterprise Value 3.70b / Total Assets 3.52b)
Interest Expense / Debt = 3.08% (Interest Expense 28.8m / Debt 933.6m)
Taxrate = 24.57% (86.4m / 351.7m)
NOPAT = 291.7m (EBIT 386.7m * (1 - 24.57%))
Current Ratio = 0.66 (Total Current Assets 805.2m / Total Current Liabilities 1.21b)
Debt / Equity = 0.59 (Debt 933.6m / totalStockholderEquity, last quarter 1.58b)
Debt / EBITDA = 1.58 (Net Debt 835.5m / EBITDA 528.0m)
Debt / FCF = 2.43 (Net Debt 835.5m / FCF TTM 343.8m)
Total Stockholder Equity = 1.49b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.60% (Net Income 261.5m / Total Assets 3.52b)
RoE = 17.50% (Net Income TTM 261.5m / Total Stockholder Equity 1.49b)
RoCE = 22.82% (EBIT 386.7m / Capital Employed (Equity 1.49b + L.T.Debt 199.7m))
RoIC = 11.50% (NOPAT 291.7m / Invested Capital 2.54b)
WACC = 4.89% (E(2.86b)/V(3.80b) * Re(5.73%) + D(933.6m)/V(3.80b) * Rd(3.08%) * (1-Tc(0.25)))
Discount Rate = 5.73% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -80.72 | Cagr: -0.34%
[DCF] Terminal Value 76.01% ; FCFF base≈338.0m ; Y1≈351.8m ; Y5≈400.4m
[DCF] Fair Price = 45.31 (EV 6.18b - Net Debt 835.5m = Equity 5.35b / Shares 118.0m; r=8.35% [WACC [floored]]; 5y FCF grow 4.40% → 2.50% )
EPS Correlation: 71.38 | EPS CAGR: 31.12% | SUE: -0.49 | # QB: 0
Revenue Correlation: -60.94 | Revenue CAGR: -1.87% | SUE: 3.39 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.58 | Chg30d=-1.30% | Revisions=-25% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.68 | Chg30d=+0.18% | Revisions=+25% | Analysts=2
EPS current Year (2026-12-31): EPS=2.16 | Chg30d=+3.94% | Revisions=+0% | GrowthEPS=-8.2% | GrowthRev=+23.6%
EPS next Year (2027-12-31): EPS=2.47 | Chg30d=-0.24% | Revisions=-25% | GrowthEPS=+14.2% | GrowthRev=+1.5%
[Analyst] Revisions Ratio: -17% (up=1, down=2)