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.
United Internet AG is a leading European internet services company headquartered in Montabaur, Germany, founded in 1988 by Ralph Dommermuth, who remains a major shareholder. Structured into two primary segments—Access and Applications—it delivers broadband, mobile internet, web hosting, cloud infrastructure, email services, and domain management to consumers and businesses worldwide. The Access division includes Consumer Access via brands like 1&1, yourfone, and smartmobil.de for premium and discount broadband/mobile offerings, and Business Access through 1&1 Versatel's extensive fiber-optic network serving corporate clients. Applications encompass Consumer Applications such as GMX, WEB.DE, and mail.com for email portals, and Business Applications including IONOS, STRATO, Fasthosts, and others for hosting and cloud solutions across Europe and North America. With over 30 million fee-based customer contracts and 39 million ad-financed free accounts, United Internet operates one of Germany's largest fiber-optic networks, an innovative 5G O-RAN mobile network, and more than 100,000 servers, emphasizing 'Internet made in Germany' and digital sovereignty. Its global footprint spans 15 European markets and key North American regions, supported by around 10,000 employees and a history of strategic acquisitions driving operational excellence.
11.77% operating margin is respectable but not wide. ROIC at 5.94%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 3.3% YoY. The question is whether this is cyclical or a structural shift.
Net debt of €4.44B represents 8.8x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
€6.04B
▼ -3.3% YoY
Net Income (TTM)
€394M
▲ +577.1% YoY
Op. Margin
11.90%
▼ -0.6pp YoY
ROIC
5.94%
▲ +1.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€679M
▲ +181.9% YoY
Op. Cash Flow (TTM)
€660M
▲ +127.5% YoY
Net Debt
€4.44B
Cash & Equiv.
€65M
3Y CAGR: +1.1%
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