Earnings Alerts

Cellnex Telecom Sau (CLNX) 1Q Earnings Meeting Estimates: Adjusted Ebitda and Revenue Analysis

• Cellnex’s 1Q adjusted Ebitda (Earnings before interest, tax, depreciation and amortization) was EU778 million, matching expectations

• The company reported revenues of EU1.04 billion, which did meet the expectations

• Operating profit stood at EU179 million, significantly higher than the estimated EU125.9 million

• Cellnex echoed the estimated recurring free cash flow with EU384 million

• The net loss of EU39 million was smaller than the projected loss of EU52.6 million

• 2025 forecast for adjusted Ebitda is between EU3.40 billion to EU3.50 billion

• 2025 revenue predictions remain at EU4.10 billion to EU4.20 billion

• Recurring free cash flows for 2025 are projected to range from EU2.00 billion to EU2.05 billion

• 2027 forecasts project adjusted Ebitda somewhere between EU3.80 billion to EU4.00 billion

• Similarly, revenue estimates for 2027 are ranging from EU4.50 billion to EU4.70 billion

• Cellnex foresees recurring free cash flows of EU2.10 billion to EU2.30 billion for 2027

• The company has confirmed its 2024 outlook

• Non-binding offers for an Austria deal are expected in May

• Cellnex expects an annual growth rate of 6% for revenue and 7% for adjusted Ebitda from 2023 to 2027

• The company sees a 9% annual growth in recurring free cash flow from 2023 to 2027

• The 2025 and 2027 guidance assumes the financial perimeter as of the end of 2023

• It’s important to note that the revenue guidance excludes pass-through

• The company’s shares have received 25 “buy” ratings, 9 “hold” ratings, and only 1 “sell” rating.


Cellnex Telecom Sau on Smartkarma

Analysts on Smartkarma, including Jesus Rodriguez Aguilar, are closely following the developments around Cellnex Telecom Sau. In a recent report titled “Focus on Leverage Reduction“, Rodriguez Aguilar highlights Cellnex Telecom’s strategy to sell non-strategic assets in Ireland and Austria to decrease its debt burden. The company aims to rationalize its portfolio and expand in targeted markets while being mindful of taking on excessive debt. With a base-case fair value estimate of €48.73, the analyst sees potential for multiple expansion driven by a reduction in leverage. Overall sentiment is optimistic, with a bullish lean on Cellnex Telecom’s trajectory.


A look at Cellnex Telecom Sau Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth3
Resilience3
Momentum2
OVERALL SMART SCORE2.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Cellnex Telecom Sau shows a moderate long-term outlook. With decent scores in value, growth, resilience, and momentum, the company seems to have a stable foundation for future performance. However, its lower score in dividend indicates a potential area of improvement. The company operates as an independent operator of wireless and broadcast infrastructure primarily in Spain and Italy, showcasing its focus on these specific markets.

Cellnex Telecom Sau‘s overall outlook, as indicated by the Smart Scores, presents a balanced view for investors. With strengths in value, growth, resilience, and momentum, the company demonstrates a solid position in the telecommunications and broadcast infrastructure sectors. While the lower dividend score may raise some concerns, the company’s strategic focus on infrastructure in key European markets like Spain and Italy could drive its long-term sustainability and growth prospects.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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