Company Overview

Koninklijke KPN N.V. provides telecommunications and information technology (IT) services in the Netherlands. It operates through Consumer; Business; Wholesale; and Network, Operations & IT segments. The company offers fixed and mobile telephony, fixed and mobile broadband internet, and television services to retail consumers; infrastructure and network related IT solutions to business customers; and wholesale network services to third parties. It also provides IT services, includes cloud and workspace, and cybersecurity; and interconnect traffic, visitor roaming, digital products, and NL-ix, an interconnect exchange, as well as sells handsets and peripheral equipment, and software licenses. The company was founded in 1881 and is headquartered in Rotterdam, the Netherlands.

  • Name

    Koninklijke KPN N.V.

  • CEO

    Joost F. E. Farwerck

  • Website

    www.kpn.com

  • Sector

    Diversified Telecommunication Services

  • Year Founded

    1881

Company Statistics

Profile

  • Market Cap

  • EV

  • Shares Out

  • Revenue

  • Employees

Margins

  • Gross

  • EBITDA

  • Operating

  • Pre-Tax

  • Net

  • FCF

Returns (5Yr Avg)

  • ROA

  • ROTA

  • ROE

  • ROCE

  • ROIC

Valuation (TTM)

  • P/E

  • P/B

  • EV/Sales

  • EV/EBITDA

  • P/FCF

  • EV/Gross Profit

Valuation (NTM)

  • Price Target

  • P/E

  • PEG

  • EV/Sales

  • EV/EBITDA

  • P/FCF

Financial Health

  • Cash

  • Net Debt

  • Debt/Equity

  • EBIT/Interest

Growth (CAGR)

  • Rev 3Yr

  • Rev 5Yr

  • Rev 10Yr

  • Dil EPS 3Yr

  • Dil EPS 5Yr

  • Dil EPS 10Yr

  • Rev Fwd 2Yr

  • EBITDA Fwd 2Yr

  • EPS Fwd 2Yr

  • EPS LT Growth Est

Dividends

  • Yield

  • Payout

  • DPS

  • DPS Growth 3Yr

  • DPS Growth 5Yr

  • DPS Growth 10Yr

  • DPS Growth Fwd 2Yr

Bulls Say

  • The Dutch competitive and regulatory environment is benign compared with other European countries. The rational oligopoly structure in the broadband market should help to maintain stability. The Dutch regulatory environment is less interventionist.

  • KPN could pursue some small to midsize acquisitions like it did with Primevest or Youfone, helping consolidate the market.

  • KPN has done a very good job in cutting costs. This lean culture is expected to be maintained, helping the firm to maintain strong margins despite any revenue declines.

Bears Say

  • KPN's steady market share gains in the broadband market could trigger a price response from competitors.

  • A failure to meet dividend growth targets (7% CAGR in the midterm) could harm share price performance.

  • If regulators change their views and introduce a fourth mobile operator, the Dutch telecom market would become more competitive and prices would trend down.

Source: Morningstar Analysis - Oct 28, 2025
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