Cellnex Telecom, S.A. (CLNX.MC) stock analysis

In our weekly check, Cellnex Telecom, S.A. is graded D (A to F). Of 22 checks on debt, profit, cash flow and trend: 10 pass, warnings: 4, red flags: 8.

About Cellnex Telecom, S.A.

Cellnex Telecom, S.A. is a Real Estate company (Real Estate - Services) based in Spain, listed on BME as CLNX.MC.

What our checks show for CLNX.MC

Red flags

• Net debt is 6.2x a year of EBITDA (debt/equity 1.9). That limits room in a downturn and raises refinancing risk.
• Operating profit does not cover the interest bill (0.7x): interest is paid from cash or new debt.
• Analysts expect revenue to shrink about 2% a year.
• Earnings per share grew only 5.4% a year over the last 3 years.
• The company is losing money: the net margin is -7.3%.
• The stock has fallen as much as 64% from a peak. Would you have held through that?
• Return on capital (ROCE) is only 1.7%.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Analysts expect earnings per share to shrink about 38.8% a year.
• Free cash flow is only 0% of revenue.
• The stock is still below its previous peak.
• Beta 1.32: the stock usually moves more than the market, both up and down.

Strengths

• The net margin rose by 7.5 points over 5 years, to -7.3%.
• The gross margin is 13.3% and has risen by 11.1 points: pricing power is holding.
• Analysts expect the net margin to improve by 8 points from today's -7.3%.
• A large company: market value $19.33 billion.

Next earnings report: 2026-11-05

Similar companies

RCI · ASTS · BCE · KPN.AS · TEF.MC · CHTR

Questions

What grade does Cellnex Telecom, S.A. (CLNX.MC) have?

In our weekly check, Cellnex Telecom, S.A. is graded D (A to F). Of 22 checks on debt, profit, cash flow and trend: 10 pass, warnings: 4, red flags: 8. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of CLNX.MC stock?

This week's biggest flags for Cellnex Telecom, S.A.: High debt, Weak interest cover, Weak revenue forecast. In total 12 of 22 checks show a warning or a red flag.

What does Cellnex Telecom, S.A. do?

Cellnex Telecom, S.A. is a Real Estate company (Real Estate - Services) based in Spain, listed on BME as CLNX.MC.

When does Cellnex Telecom, S.A. report earnings next?

The next earnings report is expected on 2026-11-05. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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