Company Valuation: Cellnex Telecom, S.A.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 23,901 34,756 21,594 25,154 21,526 18,042 18,042 -
Change - 45.42% -37.87% 16.48% -14.42% -16.19% 0% -
Enterprise Value (EV) 1 30,401 49,308 41,432 45,256 42,291 38,172 38,557 38,922
Change - 62.19% -15.97% 9.23% -6.55% -9.74% 1.01% 0.95%
P/E ratio -140x -88.2x -107x -81x -610x -111x -377x 503x
PBR 2.98x 2.2x 1.33x 1.81x 1.52x 1.4x 1.44x 1.51x
PEG - -1.3x 2.1x -1.6x 6.9x -0x 5.3x -3x
Capitalization / Revenue 15.3x 13.7x 6.18x 6.21x 5.46x 4.29x 4.11x 3.93x
EV / Revenue 19.5x 19.5x 11.9x 11.2x 10.7x 9.09x 8.78x 8.48x
EV / EBITDA 26.8x 25.7x 15.8x 15x 13x 11.5x 11.1x 10.6x
EV / EBIT 192x 211x 180x 99.3x 215x 61.1x 48.4x 41.6x
EV / FCF 950x -130x 30.3x 29.3x 23.5x 20.2x 19.3x 19.1x
FCF Yield 0.11% -0.77% 3.3% 3.41% 4.25% 4.96% 5.18% 5.24%
Dividend per Share 2 0.0533 0.03 0.0519 0.0571 0.0628 0.2588 0.8081 0.9155
Rate of return 0.11% 0.06% 0.17% 0.16% 0.21% 0.94% 2.94% 3.34%
EPS 2 -0.35 -0.58 -0.29 -0.44 -0.05 -0.2474 -0.0728 0.0546
Distribution rate -15.2% -5.18% -17.9% -13% -126% -105% -1,109% 1,678%
Net sales 1 1,562 2,533 3,495 4,049 3,941 4,201 4,392 4,591
EBITDA 1 1,132 1,921 2,630 3,008 3,250 3,311 3,484 3,674
EBIT 1 158.3 233.1 230.3 455.8 197 624.3 797 936.3
Net income 1 -133.1 -351.4 -297.1 -297.2 -28 -161.8 -50.98 52.32
Net Debt 1 6,500 14,552 19,838 20,102 20,765 20,130 20,515 20,880
Reference price 2 49.12 51.18 30.92 35.66 30.51 27.44 27.44 27.44
Nbr of stocks (in thousands) 486,576 679,090 698,392 705,381 705,544 657,496 657,496 -
Announcement Date 2/26/21 2/25/22 3/1/23 2/29/24 2/26/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-112.57x9.15x11.61x0.93% 21.31B
42.31x6.38x11.26x1.09% 135B
17.92x2.1x8.05x4.06% 65.24B
4.07x3.14x6.95x3.97% 19.58B
14.1x1.93x4.49x2.19% 21.02B
15.47x3x7.81x3.91% 14B
-4.61x7.17x17.03x-.--% 13.3B
25.62x4.98x11.1x4.47% 13.46B
23.95x3.36x9.72x4.13% 10.51B
13.69x3.27x6.44x5.73% 9.94B
Average 4.00x 4.45x 9.45x 3.05% 32.34B
Weighted average by Cap. 17.77x 4.85x 9.82x 2.38%
See all sector valuations

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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