The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

FNTN.DE

Concerning the House

freenet AG provides telecommunications, broadcasting, and multimedia services for mobile communications/mobile internet, and digital lifestyle sectors in Germany. It operates through Mobile Communications, TV and Media, and Other/Holding segments. The Mobile Communications segment engages in marketing mobile communications services, which include voice and data services from the mobile network operators; planning, set up, installation, and maintenance services for WiFi networks; and selling and distribution of mobile devices, as well as offering additional services for mobile data communications and digital lifestyle. This segment also provides network-independent services and tariffs; tariffs of the network operators; and freenet Internet, an app-based Internet product. The TV and Media segment is involved in the planning, project management, construction, operation, service, and marketing services for broadcast-related solutions for business clients in the broadcasting and media sectors; and the provision of services to end users in the field of DVB-T2 and IPTV. The Other/Holding segment offers portal services, such as e-commerce/advertising services; payment services; various digital products and entertainment formats for downloading and displaying, as well as use on mobile devices; communication development solutions, IT services, and other services; narrowband voice services; data services; and distribution services. The company was formerly known as telunico holding AG and changed its name to freenet AG in March 2005. freenet AG was incorporated in 2005 and is headquartered in Büdelsdorf, Germany.

Germany · www.freenet.ag

The Ledger
LineMar 2025Jun 2025Sep 2025Dec 2025
Revenue$604.40M$608.70M$615.00M$611.80M
Gross profit$242.50M$251.90M$265.40M$243.10M
Operating income$97.00M$100.80M$103.90M$110.20M
Net income$57.40M$67.40M$79.50M$67.00M
Diluted EPS0.48
Free cash flow$92.90M$101.50M$85.30M$84.20M
CapEx-$9.00M-$8.70M-$10.40M-$13.80M
Quotation

$23.92

+0.34 (+1.4%)

52w hi$31.09
52w lo$22.46
Vol533.06K
As ofAug 13
The Verdict

Hold

Our score +0.27

Short+0.54
Medium-0.05
Long+0.36

computed 2026-08-13

By the Numbers

freenet AG

Communication Services · Telecom Services

Market cap$2.82B
Enterprise value$3.40B
Trailing P/E10.87x
Forward P/E9.69x
EV / EBITDA8.13x
P / S (ttm)1.08x
Profit margin9.9%
Return on equity16.8%
Revenue growth+25.9%
Earnings growth-17.2%
Debt / equity43.83
Risk Metrics
Beta vs SPX0.04
Corr SPX0.02
Annual vol26.6%
Annual ret-1.4%
Sharpe-0.05
Max DD-40.2%

Window: 504 trading days (489 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.52
Sector-0.02
Technical+0.00
Earnings+0.00
Sentiment+0.74

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$23.28$23.96$22.68$23.92533.06K
Aug 12$23.80$23.82$23.56$23.58440.07K
Aug 11$23.58$23.72$23.48$23.72338.58K
Aug 10$23.90$23.94$23.34$23.34560.17K
Aug 7$24.24$24.36$24.00$24.00376.42K