Added to YB: 2025-04-29
Pitch date: 2025-04-26
CLNX.MC [neutral]
Cellnex Telecom, S.A.
-26.81%
current return
Author Info
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Company Info
Cellnex Telecom, S.A. engages in the management of terrestrial telecommunications infrastructures in Austria, Denmark, Spain, France, Ireland, Italy, the Netherlands, Poland, Portugal, the United Kingdom, Sweden, and Switzerland.
Market Cap
EUR 19.9B
Pitch Price
EUR 34.88
Price Target
N/A
Dividend
0.21%
EV/EBITDA
13.97
P/E
57.95
EV/Sales
10.17
Sector
Diversified Telecommunication Services
Category
turnaround
[CLNX] Cellnex: Vertical Infrastructure Monopoly
CLNX.MC (overview): Europe's leading tower operator (110,000 sites) nearing financial inflection point. 7.3% organic growth, 61% EBITDAaL margin, multiple improving from 1.54→1.60. Shifting from aggressive M&A to cash generation with €800M buyback & deleveraging from 7.7x→6.4x. Bear case: unprofitable, €17.1B debt, telecom consolidation risks. Bull: €92B contracted backlog through 2048.
Read full article (20 min)