Cellnex/€CLNX
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Cellnex
Cellnex Telecom SA, ticker CLNX, is an operator in the wireless telecommunications infrastructure sector based in Spain. Founded in 2010, the company specializes in the operation and management of mobile telecommunications and broadcasting sites, leasing infrastructure to telecom operators throughout Europe. Its core services encompass site leasing, infrastructure management, and rollout of telecommunications networks.
- Ticker
- €CLNX
- Sector
- Communication
- Primary listing
- BME
- Employees
- 2,494
- Headquarters
- Madrid, Spain
- Website
- www.cellnex.com
Cellnex Metrics
BasicAdvanced
€18B
-
-€0.48
1.32
€0.75
2.81%
Price and volume
Market cap
€18B
Beta
1.32
52-week high
€32.68
52-week low
€23.95
Average daily volume
1.3M
Dividend rate
€0.75
Financial strength
Current ratio
0.474
Quick ratio
0.464
Long term debt to equity
1.384
Total debt to equity
1.692
Interest coverage (TTM)
0.88%
Profitability
EBITDA (TTM)
2,591.459
Gross margin (TTM)
89.18%
Net profit margin (TTM)
-7.50%
Operating margin (TTM)
12.36%
Effective tax rate (TTM)
20.87%
Revenue per employee (TTM)
€1,690,000
Management effectiveness
Return on assets (TTM)
0.78%
Return on equity (TTM)
-2.24%
Valuation
Price to revenue (TTM)
4.18
Price to book
1.34
Price to tangible book (TTM)
-2.25
Dividend yield (TTM)
2.81%
Growth
Revenue change (TTM)
2.85%
3-year revenue growth (CAGR)
4.65%
10-year revenue growth (CAGR)
20.72%
What the Analysts think about Cellnex
Analyst ratings (Buy, Hold, Sell) for Cellnex stock.
Analyst projections of the future price of Cellnex stock.
Bulls say / Bears say
Free cash flow rose to €474 million in the first nine months, from €186 million a year earlier. Organic EBITDA after leases grew 8.9% and operating costs fell 4.4%, showing that growth is translating into stronger cash generation. (Cellnex)
Cellnex is adding tenants to infrastructure it already owns: net points of presence grew 4.1% year on year, and its Polish agreement commits to about 3,200 new co-locations by 2030. The company expects the project to earn a double-digit unlevered post-tax return. (Cellnex)
Cellnex remains on track to return €1 billion to shareholders in 2026, with €924 million delivered by the end of September. Its leverage ratio also improved to 6.13 times from 6.28 times at year-end 2025, supporting the case that returns can coexist with gradual deleveraging. (Cellnex)
Debt remains a significant constraint: net financial debt rose to €21.0 billion by September and leverage was still 6.13 times. Management said new borrowing could cost 4.5–4.7%, well above the existing 2.2% average, which could lift financing costs as debt is refinanced. (Cellnex, StockAnalysis)
The Polish growth plan requires about €500 million of extra investment and, alongside faster build-to-suit spending, is expected to reduce 2027 free cash flow by about €300 million. That delays some of the near-term cash benefit, even if the project is intended to earn attractive returns over time. (Investing.com)
Uncertainty over telecom operator mergers and unresolved tower-service contract disputes could weaken tenant demand or renewal terms. UBS expects key clarity on these issues to take until 2028 and downgraded Cellnex to neutral. (Investing.com)
Data summarised monthly by Lightyear AI. Last updated on 11 Nov 2026.
Cellnex Financial Performance
Revenues and expenses
Cellnex Earnings Performance
Company profitability
Upcoming events
No upcoming events
Funds containing Cellnex
AllEURUSDGBP
Fund name | Fund size | €CLNX weighting |
|---|---|---|
iShares STOXX Europe 600 Telecommunications€EXV2 | €252M | 3.65% |
Global X European Infrastructure Development£BRIP | €578M | 2.78% |
Global X European Infrastructure Development$BRIJ | €578M | 2.78% |
Xtrackers Spain€XESD | €282M | 1.75% |
iShares Dow Jones Eurozone Sustainability Screened€EXXV | €217M | 0.60% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.