Koninklijke KPN N.V. (KPN.AS) stock analysis

In our weekly check, Koninklijke KPN N.V. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 19 pass, warnings: 3, red flags: 3.

About Koninklijke KPN N.V.

Koninklijke KPN N.V. is a Communication Services company (Telecommunications Services) based in the Netherlands, listed on AMS as KPN.AS.

What our checks show for KPN.AS

Red flags

• Net debt is 3x a year of EBITDA (debt/equity 3.55). That limits room in a downturn and raises refinancing risk.
• The net margin fell by 9.7 points over 5 years, to 14.7%: the company keeps less of each sale as profit.
• The stock has fallen as much as 83% from a peak. Would you have held through that?

Warning signs

• Analysts expect only about 1.9% a year of growth in revenue.
• Revenue grew only 3% a year over the last 3 years.
• The stock is still below its previous peak.

Strengths

• The gross margin is 30.9% and has risen by 5.3 points: pricing power is holding.
• Operating cash flow is 2.7x net profit: the profit arrives as real cash.
• Analysts expect the net margin to improve by 5.8 points from today's 14.7%.
• Free cash flow is 18% of revenue: cash for dividends, buybacks or growth.
• A large company: market value $17.37 billion.
• The price moves calmly: 19.8% annual volatility.

Similar companies

ASTS · CHTR · ECHO · CLNX.MC · TU · RCI

Questions

What grade does Koninklijke KPN N.V. (KPN.AS) have?

In our weekly check, Koninklijke KPN N.V. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 19 pass, warnings: 3, red flags: 3. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of KPN.AS stock?

This week's biggest flags for Koninklijke KPN N.V.: High debt, Margins falling, Deep past fall. In total 6 of 25 checks show a warning or a red flag.

What does Koninklijke KPN N.V. do?

Koninklijke KPN N.V. is a Communication Services company (Telecommunications Services) based in the Netherlands, listed on AMS as KPN.AS.

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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