Stock · FNTN.DE · Communication Services

freenet AG

Germany · Mid Cap · Revenue 12 mo. €2.7B

Price as of 11/06/2026

StockScorer score
5.5
of 10 6 of 11 points Medium Match To the score
Price
€23.34
1 Y −24.2%
Market cap
€2.8B
Phase
Payout
core business profitable, at least half of operating cash flow goes to shareholders
Revenue −1.5% a year (3 years)EBIT margin 14.5%Payout 75.0% of operating cash flow

freenet AG provides telecommunications, broadcasting, and multimedia services for mobile communications/mobile internet, and digital lifestyle sectors in Germany.

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freenet AG provides telecommunications, broadcasting, and multimedia services for mobile communications/mobile internet, and digital lifestyle sectors in Germany. It operates through Mobile Communications, TV and Media, and Other/Holding segments. The Mobile Communications segment engages in marketing mobile communications services, which include voice and data services from the mobile network operators; planning, set up, installation, and maintenance services for WiFi networks; and selling and distribution of mobile devices, as well as offering additional services for mobile data communications and digital lifestyle. This segment also provides network-independent services and tariffs; tariffs of the network operators; and freenet Internet, an app-based Internet product. The TV and Media segment is involved in the planning, project management, construction, operation, service, and marketing services for broadcast-related solutions for business clients in the broadcasting and media sectors; and the provision of services to end users in the field of DVB-T2 and IPTV. The Other/Holding segment offers portal services, such as e-commerce/advertising services; payment services; various digital products and entertainment formats for downloading and displaying, as well as use on mobile devices; communication development solutions, IT services, and other services; narrowband voice services; data services; and distribution services. Additionally, the company engages in the business that develops and operates a platform for IP Entertainment Services. The company offers live TV, video on demand, personalized content, and a media library of films and series. The company was formerly known as telunico holding AG and changed its name to freenet AG in March 2005. freenet AG was incorporated in 2005 and is headquartered in Büdelsdorf, Germany.

Original text from the data provider

Summary

freenet AG is around the middle of the Communication Services sector overall

52.9 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The market value is below the value without growth: the price requires no FCF growth.

Required FCF growth per year

no growth

no growth afterwards

Valuation against its own history

Price to operating cash flow 7.2×, within its usual range.

Middle half of 20 quarters: 7.1× to 8.4×, median 7.7×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

2 signs support the expectation, 1 speaks against it.

What supports it

with respect to the priced-in expectation

  • Low capital needs capex median 1.9% of revenue (10 years)
  • Steady FCF margin at least 9.2%, range 5.7 pp (10 years)

What speaks against it

with respect to the priced-in expectation

  • EBIT margin falling for three quarters −3.0 pp over the last four reports

Since the last quarter

Q1 → Q2 2026

Mostly worse than the previous quarter: 5 of 7 changes for the worse.

  • Revenue, 12 mo.€2.6B → €2.7B+5.5%better
  • FCF, 12 mo.€343.8M → €323.5M−5.9%worse
  • Gross margin31.6% → 26.0%−5.5 ppworse
  • EBIT margin14.8% → 13.4%−1.4 ppworse
  • FCF margin13.2% → 11.8%−1.4 ppworse
  • Net debt€595.8M → €754.8M+26.7%worse
  • Shares outstanding118M → 117M−1.1%better

1 more unchanged: Return on equity

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability52.3around the middleEarns about as much as the sector.
MetricStockSector medianPosition in sector
Return on equity17.70%11.44%Rank 65
Return on capital (Greenblatt)117.20%22.01%Rank 90
EBIT margin14.47%17.12%Rank 42
FCF margin14.91%15.81%Rank 43
Gross margin25.93%44.45%Rank 21
Growth48.2around the middleGrows about as fast as the sector.
MetricStockSector medianPosition in sector
Revenue growth, 1 year−1.53%4.46%Rank 21
Earnings growth, 3 years per year51.10%5.70%Rank 92
Earnings growth, 5 years per year9.00%6.76%Rank 52
Sustainable growth (ROE × retained earnings)1.72%9.07%Rank 28
Valuation87.3above the middleValued lower than the sector: Earnings yield 9.85%, sector 3.92%.
MetricStockSector medianPosition in sector
Earnings yield9.85%3.92%Rank 90
FCF yield13.22%6.59%Rank 87
EV/saleslower is better1.402.84Rank 89
EV/EBITlower is better9.6716.58Rank 83
Momentum28.6below the middleShare price doing worse than the sector: Distance from 52-week high −30.70%, sector −16.85%.
MetricStockSector medianPosition in sector
Share price, 1 year−24.17%−11.03%Rank 24
Share price, 6 months−14.27%−0.69%Rank 24
Share price, 3 months2.38%4.43%Rank 46
Distance from 52-week high−30.70%−16.85%Rank 21
Quality42.8around the middleQuality about like the sector.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better1.98%−0.38%Rank 24
Change in share countlower is better−0.83%−0.06%Rank 65
Dividend streak in years35Rank 48
Price reaction to results, market-adjusted−0.92%0.56%Rank 34
Balance sheet & risk58.5around the middleRisk about like the sector.
MetricStockSector medianPosition in sector
Equity ratio41.67%37.05%Rank 54
Net debt/EBITDAlower is better1.341.47Rank 50
Debt to equitylower is better0.540.75Rank 61
Volatility, 1 yearlower is better26.93%31.95%Rank 69

Ten years in figures

Revenue from €3.4B (2016) to €2.4B (2025), −3.5% a year.

Fiscal years, amounts in EUR
YearRevenue, €BEBIT marginFCF, €MSharesNet debt
20163.48.3%326.9128M€1.4B
20173.57.4%324.2128M€1.4B
20182.910.8%312.3128M€1.9B
20192.911.4%319.1128M€2.1B
20202.611.6%307.2127M€810.6M
20212.612.0%319.0122M€844.0M
20222.66.3%332.7119M€750.1M
20232.69.4%342.4119M€618.3M
20242.515.8%327.0119M€515.5M
20252.414.5%363.9118M€661.0M
5.5 / 10Medium MatchStockScorer score6 of 11 points

4 of 7 StockScorer Score rules met · How the score is built

freenet AG mainly meets criteria in the Valuation category. Result from 18 strategies checked.

This stock · Profitability: 67%This stock · Growth: 50%This stock · Valuation: 100%This stock · Momentum: 0%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How freenet AG's score is built

freenet AG is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

4 of 7 rules met

6 of 11 points

  1. Free cash flow yield above the sector medianmet2 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector medianmet2 of 2 points
  3. Return on equity above the sector medianmet1 of 1 point
  4. Free cash flow margin above the sector mediannot met0 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.met1 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketnot met0 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does freenet AG stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Trending Value: Value + Momentum
  • Defensive: Low Volatility
  • Earnings Quality: Accrual Check (Sloan)
  • Moat Quality
  • Dividend Quality: 4 Factors
  • Levermann Strategy (13 Criteria)
  • PEG Strategy (inspired by Peter Lynch)
  • Altman Z-Score: Stress Test
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Dividend Aristocrats & Continuity
  • High-Growth / Rule of 40
  • Growth Momentum (CAN SLIM principle)

freenet AG key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for freenet AG.

MetricStockSector
P/E ratio10.121.7
P/B ratio1.82.5
Return on equity (ROE)17.7%11.4%
Equity ratio41.7%37.1%
Debt-to-equity (D/E)0.540.75
Dividend yield8.9%2.8%

Similar stocks in Communication Services

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
FNTN.DEfreenet AGthis page
1U1.DE1&1 AGLow0.0
UTDI.DEUnited Internet AGLow1.8
QBR-A.TOQuebecor Inclocked
6823.HKHKT Trustlocked
7020.SREtihad Etisalat Colocked

Frequently asked questions about freenet AG stock

How does freenet AG stock (FNTN.DE) score in the StockScorer model?
freenet AG stock reaches a StockScorer score of 5.5 out of 10, which is a medium match with the rule-based strategies. 4 out of 7 flagship profile rules are met.
What is freenet AG's P/E ratio?
freenet AG's P/E ratio is 10.1. The Communication Services sector median is 21.7.
What sector is freenet AG in?
freenet AG is assigned to the Communication Services sector. Its rank within the sector is 52.9 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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