Added to YB: 2025-10-17
Pitch date: 2025-10-09
CLNX.MC [bullish]
Cellnex Telecom, S.A.
-14.29%
current return
Author Info
No bio for this author
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 29.82
Price Target
40.64 (+59%)
Dividend
0.21%
EV/EBITDA
13.97
P/E
57.95
EV/Sales
10.17
Sector
Diversified Telecommunication Services
Category
turnaround
Cellnex: Investing In European Cell Towers Alongside Christopher Hohn
CLNX.MC: European tower giant trades 10.5x 2026E recurring FCF vs peers at 15-18x despite better growth. New TCI-installed CEO cutting costs, selling non-core assets, reducing 6.4x leverage to 5-6x by 2026. 90% BTS commitments done by 2027 = FCF inflection. 80%+ revenue from long-term anchor contracts. 18% 5yr IRR to INWIT multiple.
Read full article (17 min)