Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Netherlands
  4. Euronext Amsterdam
  5. Royal KPN N.V.
  6. News
  7. Summary
    KPN   NL0000009082

ROYAL KPN N.V.

(KPN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Royal KPN N : KPN Q4 2020 Results (Consensus)

01/25/2021 | 07:10pm EDT

Consensus Q4 '20

Analyst forecasts for the period ending 31 Dec 2020

Please note that this analyst consensus is subject to the disclaimer below:

The analyst consensus is based on forecasts provided by various leading equity analysts covering the KPN share.

The analyst consensus for the Q4 2020 period and full fiscal years 2020-2023 is based on the non-weighted average of 18 analyst forecasts (vs. 19 in Q3 2020).

The analyst forecasts were submitted to KPN in the period of 14 Dec 2020 to 24 Dec 2020. The consensus was published at 5 Jan 2021 at 17:45 CET.

The analyst consensus does not in any way represent KPN's financial expectations nor can this be considered to be a forward looking statement by KPN. The analyst consensus is provided for information purposes only, for the convenience of our investors. KPN is not responsible and cannot be held liable in any way for the accuracy, completeness or validity of the analyst consensus, nor for the figures, calculations or assumptions that have led thereto.

Consolidated figures

Q4 '20

FY '20

FY '21

FY '22

FY '23

Average

Median

High

Low

Average

Median

High

Low

Average

Median

High

Low

Average

Median

High

Low

Average

Median

High

Low

Adjusted revenues

Consumer

720

720

736

712

2,851

2,851

2,867

2,842

2,846

2,846

2,885

2,813

2,860

2,850

2,941

2,792

2,896

2,872

2,993

2,802

Business

468

466

487

447

1,836

1,835

1,855

1,814

1,784

1,784

1,837

1,731

1,765

1,765

1,825

1,697

1,757

1,761

1,824

1,680

Wholesale

149

150

165

136

612

613

628

599

625

627

651

582

632

633

668

565

635

637

679

546

Network, Operations & IT

2

2

4

1

6

6

8

5

7

6

10

5

7

6

10

5

7

6

11

5

Other (incl. eliminations)

-21

-16

-10

-59

-67

-62

-56

-105

-69

-63

-56

-105

-69

-63

-56

-105

-69

-63

-56

-105

Total adjusted revenues

1,319

1,320

1,345

1,265

5,239

5,240

5,265

5,182

5,193

5,192

5,254

5,151

5,195

5,200

5,277

5,104

5,226

5,231

5,329

5,050

Service revenues

1,215

1,217

1,256

1,152

4,867

4,872

4,908

4,799

4,815

4,815

4,870

4,761

4,822

4,834

4,889

4,719

4,859

4,856

4,963

4,680

Non-service revenues & other

108

109

124

89

374

375

394

357

378

377

402

355

374

376

394

340

376

374

396

356

Revenues incidentals

-1

0

0

-11

10

11

12

0

0

0

0

0

0

0

0

0

0

0

0

0

Total reported revenues

1,318

1,319

1,345

1,265

5,247

5,251

5,276

5,182

5,193

5,192

5,254

5,151

5,195

5,200

5,277

5,104

5,226

5,231

5,329

5,050

Operating expenses excl. D&A

Cost of goods & services

329

342

364

184

1,258

1,271

1,293

1,113

1,256

1,267

1,297

1,104

1,270

1,263

1,360

1,099

1,285

1,279

1,434

1,097

Personnel expenses

228

221

300

197

891

884

963

860

849

848

906

805

809

810

881

750

770

785

890

694

IT/TI

78

76

101

71

317

315

340

310

294

289

330

263

282

276

330

250

283

283

330

235

Other operating expenses

104

105

137

77

342

348

379

300

336

368

395

224

314

332

400

184

292

317

370

104

Total operating expenses excl. D&A

746

744

781

662

2,817

2,816

2,855

2,716

2,737

2,741

2,830

2,630

2,675

2,681

2,757

2,567

2,632

2,624

2,707

2,508

Opex incidentals

0

0

0

0

0

0

11

-11

-1

0

0

-16

0

0

0

0

0

0

0

0

Opex restructuring

-32

-29

-11

-61

-59

-57

-39

-89

-75

-78

-50

-100

-59

-60

-25

-85

-48

-50

-10

-80

Total adjusted operating expenses

715

719

733

662

2,759

2,765

2,792

2,699

2,662

2,670

2,750

2,580

2,615

2,624

2,677

2,517

2,580

2,569

2,658

2,458

Adjusted EBITDA

EBITDA

571

574

598

531

2,424

2,430

2,448

2,386

2,447

2,443

2,483

2,400

2,518

2,536

2,585

2,380

2,603

2,610

2,661

2,533

Incidentals

2

0

11

0

-8

-11

0

-12

1

0

16

0

0

0

0

0

0

0

0

0

Restructuring

32

29

61

11

59

57

89

39

75

78

100

50

59

60

85

25

48

50

80

10

Lease-related expenses

Depreciation right-of-use asset

-34

-33

-28

-40

-131

-131

-123

-138

-133

-133

-123

-145

-133

-133

-123

-145

-133

-133

-123

-145

Interest lease liabilities

-8

-7

-6

-11

-25

-24

-23

-32

-26

-26

-23

-33

-26

-26

-23

-33

-27

-28

-23

-33

Adjusted EBITDA after leases

563

562

573

556

2,321

2,320

2,331

2,314

2,367

2,366

2,404

2,333

2,421

2,424

2,504

2,309

2,494

2,482

2,598

2,425

P&L items cont'd

Depreciation

241

250

289

142

1,004

1,013

1,052

905

986

983

1,100

898

976

973

1,110

850

970

952

1,130

849

Amortization

133

135

143

115

538

540

548

520

538

540

582

507

532

539

560

487

514

540

550

300

Total D&A

377

387

427

257

1,545

1,555

1,595

1,425

1,526

1,532

1,640

1,414

1,507

1,505

1,652

1,390

1,481

1,472

1,672

1,280

Operating profit

194

181

354

127

883

870

1,043

814

925

930

1,066

841

1,014

1,015

1,158

852

1,124

1,137

1,269

983

Profit for the period

102

93

208

61

488

480

595

443

548

568

640

437

627

643

750

504

722

744

842

606

Earnings per share (non-diluted) from continuing operations (in€)

0.02

0.02

0.05

0.01

0.12

0.11

0.14

0.10

0.13

0.13

0.15

0.11

0.15

0.15

0.18

0.12

0.17

0.18

0.20

0.15

Dividend per share (in€ cents) - Regular

8.2

8.7

9.4

0.0

13.0

13.0

13.7

12.6

13.6

13.6

14.3

13.1

14.2

14.2

15.0

13.6

14.8

14.9

15.8

14.2

Dividend per share (in€ cents) - Additional

0.0

0.0

0.5

0.0

0.0

0.0

0.5

0.0

0.0

0.0

0.5

0.0

0.0

0.0

0.6

0.0

0.0

0.0

0.6

0.0

Dividend per share (in€ cents) - Total

8.3

8.7

9.4

0.0

13.0

13.0

13.7

12.6

13.6

13.6

14.3

13.1

14.3

14.2

15.0

13.6

14.9

14.9

15.8

14.2

Cash flow generation

Adjusted EBITDA after leases

563

562

573

556

2,321

2,320

2,331

2,314

2,367

2,366

2,404

2,333

2,421

2,424

2,504

2,309

2,494

2,482

2,598

2,425

Capex

-256

-251

-235

-300

-1,115

-1,110

-1,100

-1,159

-1,200

-1,200

-1,180

-1,216

-1,179

-1,180

-1,145

-1,220

-1,170

-1,165

-1,140

-1,220

Operational free cash flow

308

311

331

265

1,206

1,211

1,230

1,163

1,167

1,171

1,205

1,131

1,242

1,236

1,354

1,109

1,324

1,314

1,448

1,259

Cash restructuring

-24

-21

0

-51

-70

-70

-17

-100

-70

-70

-40

-90

-58

-60

-25

-85

-48

-50

-10

-70

Non-cash incidentals

-1

0

0

-11

10

11

12

0

0

0

0

0

0

0

0

0

0

0

0

0

Change in provisions excl. restructuring

-3

-4

15

-20

-28

-30

0

-46

-16

-19

0

-40

-12

-10

0

-35

-8

-4

0

-30

Interest received/(paid) excl. lease interest

-49

-44

-33

-87

-241

-240

-224

-278

-215

-218

-192

-245

-205

-201

-171

-245

-196

-196

-162

-245

Taxes received/(paid)

-15

-20

0

-25

-15

-20

0

-25

-54

-55

-26

-63

-139

-150

-26

-160

-155

-150

-150

-199

Change in working capital

46

46

90

7

-82

-82

-38

-121

-49

-50

-4

-77

-27

-25

0

-80

-20

-13

0

-60

Other income

3

0

17

-3

-12

-17

0

-20

0

0

4

-10

0

0

14

-10

0

0

14

-10

Other movements

-3

0

18

-27

-11

-4

14

-56

-4

0

26

-40

-4

0

25

-31

-3

0

24

-31

Free cash flow (excl. TEFD dividend)

259

257

276

248

755

754

774

746

760

755

808

741

799

792

874

753

898

886

988

831

KPN Analyst Consensus Q4 2020

Page 2 of 2

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Koninklijke KPN NV published this content on 27 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2021 00:09:07 UTC


ę Publicnow 2021
All news about ROYAL KPN N.V.
06/09ROYAL KPN Ná : KPN and APG announce start of fiber company “Glaspoort&rdqu..
PU
06/09ROYAL KPN N.V. PRESS RELEASE : KPN and APG announce start of fiber company 'Glas..
DJ
06/01ROYAL KPN Ná : Ultimate gaming over the network of the Netherlands
PU
05/07Europe's consumers face rising prices but the ECB is unfazed
RE
05/07Europe's consumers face rising prices but the ECB is unfazed
RE
05/07Ericsson settles patent dispute with Samsung
RE
05/07Ericsson settles patent dispute with Samsung
RE
05/06FIBER ROLL OUT IS WELL UNDERWAY THRO : municipalities play an important role in ..
PU
05/03MARKET CHATTER : EQT Still Interested in KPN Takeover Following Rejection
MT
05/03EUROPE : European stocks close higher on positive data, reopening hopes
RE
More news
Financials
Sales 2021 5 223 M 6 231 M 6 231 M
Net income 2021 535 M 639 M 639 M
Net Debt 2021 5 714 M 6 816 M 6 816 M
P/E ratio 2021 20,4x
Yield 2021 5,27%
Capitalization 11 035 M 13 180 M 13 163 M
EV / Sales 2021 3,21x
EV / Sales 2022 3,14x
Nbr of Employees 9 237
Free-Float 79,8%
Chart ROYAL KPN N.V.
Duration : Period :
Royal KPN N.V. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ROYAL KPN N.V.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 2,63 €
Average target price 3,12 €
Spread / Average Target 18,6%
EPS Revisions
Managers and Directors
NameTitle
Joost F. E. Farwerck Chairman-Management Board, CEO & COO
Chris H. Figee Chief Financial Officer
Duco W. Sickinghe Chairman-Supervisory Board
Babak Fouladi Chief Technology & Digital Officer
Derk Johan Haank Vice Chairman-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
ROYAL KPN N.V.5.71%13 328
VERIZON COMMUNICATIONS-4.02%233 376
CHARTER COMMUNICATIONS, INC.6.87%133 385
CHINA MOBILE LIMITED9.73%128 659
DEUTSCHE TELEKOM AG20.20%101 522
NIPPON TELEGRAPH AND TELEPHONE CORPORATION8.43%95 366