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freenet AG FNTN.DE

DE · Deutsche Börse Xetra · XETR · stock · Communication Services · website

freenet AG statistics & valuation

Market cap€2.8B
P / E10.3×
P / S1.2×
P / B1.8×
P / FCF7.7×
Net margin11.1%
FCF margin14.9%
Net debt€661.0M
Enterprise value USD$4.0B
Earnings yield EBIT/EV11.9%
Return on capital18.2%
Graham number +8.9%€25.92

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (€25.92); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
3.10% 6.60% 10.10% 11.10% 2022202320242025
Gross margin (%)
35.70% 39.40% 40.40% 41.10% 2022202320242025
Operating margin (%)
5.90% 11.40% 15.90% 16.90% 2022202320242025
Return on equity (%)
5.40% 10.90% 16.70% 17.70% 2022202320242025
Shares outstanding
118.0M 118.0M 118.0M 118.0M 2022202320242025
Net debt (€)
€750.0M €618.3M €515.5M €661.0M 2022202320242025
Share buybacks (€)
€14.7M €0 €0 €60.0M 2022202320242025
Return on assets (%)
2.20% 4.60% 7.50% 7.40% 2022202320242025
Free cash flow margin (%)
13.00% 14.50% 13.20% 14.90% 2022202320242025
Debt / equity (×)
0.63× 0.54× 0.47× 0.54× 2022202320242025
EPS (€)
€0.67 €1.33 €2.10 €2.30 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

freenet AG trades at about 10.3× earnings — below its 10-year norm (10-year range 13.2×–33.3×, median 19.3×).

10.3× 33.3×

Shaded band = 10-year range (13.2×–33.3×); dot = today's 10.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin41.1%40.4%39.4%35.7%
Operating margin16.9%15.9%11.4%5.9%
Net margin11.1%10.1%6.6%3.1%
FCF margin14.9%13.2%14.5%13.0%
Return on assets7.4%7.5%4.6%2.2%
Return on equity17.7%16.7%10.9%5.4%
Debt / equity0.13×0.15×0.17×0.27×
Current ratio0.640.710.680.70

Computed from company filings · DE · as of 2025-12-31. Figures in EUR. Facts plus Stocktoria's own computed scores — not investment advice.