Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
freenet AG is a leading German telecommunications and digital lifestyle provider, specializing in mobile communications, internet, and TV entertainment services. Founded in 1998 as mobilcom by Gerhard Schmid, it pioneered affordable mobile tariffs in the deregulated market, bundling subsidized phones with contracts, and rebranded to freenet AG in 2007 following key mergers with freenet.de and debitel AG. The company operates as Germany's largest network-independent mobile service provider, offering postpaid, prepaid, and no-frills tariffs from all major networks like Deutsche Telekom, Vodafone, and Telefónica, while maintaining direct customer relationships for billing and service. freenet AG has expanded into digital lifestyle offerings, including device insurance, cloud services, music streaming, online fitness, and energy solutions. In TV and media, it is the sole provider of DVB-T2-HD digital antenna TV and operates waipu.tv, an IPTV platform covering 23 million households via fiber-optic infrastructure. With over 10 million total subscribers, including 7.7 million mobile and 2.4 million TV customers as of 2024, freenet AG emphasizes customer-centric, omni-channel distribution, AI-driven CRM, and sustainable growth through high-margin services and operational efficiency in the competitive German market.
16.88% operating margin is respectable but not wide. ROIC at 13.73%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 1.5% YoY. The question is whether this is cyclical or a structural shift.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
€2.60B
▼ -1.5% YoY
Net Income (TTM)
€268M
▲ +12.7% YoY
Op. Margin
15.53%
▲ +1.1pp YoY
ROIC
13.73%
▼ -1.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€344M
▲ +11.3% YoY
Op. Cash Flow (TTM)
€456M
▲ +7.5% YoY
Net Debt
€636M
Cash & Equiv.
€193M
3Y CAGR: -1.5%
3Y CAGR: +3.0%
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