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Cellnex Telecom SA
F:4720

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Cellnex Telecom SA
F:4720
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Price: 13.7 EUR -1.44% Market Closed
Market Cap: €19.3B

EV/IC

0.9
Current
10%
Cheaper
vs 3-y average of 1

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
0.9
=
Enterprise Value
€38.1B
/
Invested Capital
€40.2B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
0.9
=
Enterprise Value
€38.1B
/
Invested Capital
€40.2B

Valuation Scenarios

Cellnex Telecom SA is trading below its 3-year average

If EV/IC returns to its 3-Year Average (1), the stock would be worth €15.26 (11% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-27%
Maximum Upside
+13%
Average Downside
2%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 0.9 €13.7
0%
3-Year Average 1 €15.26
+11%
5-Year Average 1 €15.45
+13%
Industry Average 0.7 €10
-27%
Country Average 0.9 €13.13
-4%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
ES
Cellnex Telecom SA
F:4720
19.3B EUR 0.9 -53.5
US
Verizon Communications Inc
NYSE:VZ
201.1B USD 0.9 11.6
US
AT&T Inc
NYSE:T
181.9B USD 0.8 8.5
DE
Deutsche Telekom AG
XETRA:DTE
133.4B EUR 0.9 13.9
CN
China Telecom Corp Ltd
SSE:601728
551.8B CNY 0.8 16.7
JP
Nippon Telegraph and Telephone Corp
TSE:9432
12.5T JPY 0.7 11.7
SG
Singapore Telecommunications Ltd
SGX:Z74
75.8B SGD 2.1 12.2
FR
Orange SA
PAR:ORA
47.2B EUR 0.8 87.8
SA
Saudi Telecom Company SJSC
SAU:7010
189.1B SAR 1.6 12.8
CH
Swisscom AG
SIX:SCMN
34.3B CHF 1.5 27.2
AU
Telstra Corporation Ltd
ASX:TLS
59.9B AUD 1.9 26.7

Market Distribution

In line with most companies in Spain
Percentile
52nd
Based on 671 companies
52nd percentile
0.9
Low
0 — 0.7
Typical Range
0.7 — 1.3
High
1.3 —
Distribution Statistics
Spain
Min 0
30th Percentile 0.7
Median 0.9
70th Percentile 1.3
Max 31.5

Cellnex Telecom SA
Glance View

In the bustling world of telecommunications infrastructure, Cellnex Telecom SA has carved out a unique niche, establishing itself as a titan in the field. Born in Spain from the diversification of Abertis Infraestructuras, Cellnex has grown into Europe’s leading operator of wireless telecommunications and broadcasting infrastructures. Its business model is built on owning and operating a vast network of telecommunications towers, fiber networks, and rooftop antennas that are leased to mobile network operators. This setup enables these companies to expand their signal coverage without incurring the significant capital expenditure associated with building and maintaining such infrastructures. By positioning itself as a critical intermediary, Cellnex enhances connectivity across the continent, facilitating the global push for faster and more reliable connections. The revenue model of Cellnex is largely subscription-based, characterized by long-term contracts with mobile operators which provide a stable and predictable cash flow. This financial foundation is further strengthened as the company continually expands its portfolio, which now spans several countries across Europe, including Italy, France, the Netherlands, and the UK. By acquiring and investing in new sites and upgrading existing ones, Cellnex ensures its infrastructure meets the evolving demands of 5G technology and other next-generation wireless services. Such strategic maneuvers not only solidify its revenue streams but also reinforce its position as an indispensable player within the telecommunications ecosystem, providing both the backbone and the flexibility required in an increasingly connected world.

Intrinsic Value
7.96 EUR
Overvaluation 42%
Intrinsic Value
Price €13.7
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