Cellnex Telecom CLNX.MC
Cellnex Telecom is a Spanish company that operates wireless telecommunications infrastructure, mainly mobile phone towers, which it leases to operators under long-term contracts. Cellnex maintains 15.5% revenue growth and a 90.9% gross margin, but its high leverage (Net Debt/EBITDA of 7.78x) and the rising rate environment limit its appeal, with financial health scored at 4.17.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Cellnex Telecom is a Spanish company that operates wireless telecommunications infrastructure, mainly mobile phone towers, which it leases to operators under long-term contracts. Cellnex maintains 15.5% revenue growth and a 90.9% gross margin, but its high leverage (Net Debt/EBITDA of 7.78x) and the rising rate environment limit its appeal, with financial health scored at 4.17.
Score by category
| Category | Score |
|---|---|
| Financial health | 3.6 |
| Quality / Moat | 4.3 |
| Valuation | 4.7 |
| Growth | 7.7 |
| Dividend | 2.8 |
| Momentum | 3.6 |
| Risk & Context | 3.5 |
OVERALL SCORE: 3.9/10
Context and risks
The rise in 10-year rates increases the financing cost of Cellnex's debt (Net Debt/EBITDA of 7.78x), a relevant factor for its acquisition-driven growth. However, the impact is partial because the company has a managed maturity profile and the market prices in Fed rate cuts, although the ECB is hiking, which pressures its euro-denominated debt cost.
News considered in the analysis
- European Indexes Mixed in Muted Open — Ruido de mercado sin información específica para Cellnex.
- Cellnex Telecom SA (CLNXF) (Q2 2026) Earnings Call Highlights: Record EBITDAaL Margin and EUR1 ... — Resultados con margen EBITDAaL récord, señal positiva de eficiencia operativa, aunque el mercado ya lo esperaba en parte.
- Cellnex Telecom SA (CLNXF) Q1 2026 Earnings Call Highlights: Strong Growth Amidst Market Challenges — Resultados del Q1 ya digeridos por el mercado, sin impacto adicional en la valoración actual.
- Cellnex Telecom SA (CLNXF) Q4 2025 Earnings Call Highlights: Strong Financial Performance and ... — Resultados anuales pasados, ya reflejados en el precio de la acción.
- 3 European Stocks That May Be Undervalued By Up To 46.9% — Listículo genérico sin análisis específico que aporte información nueva sobre Cellnex.
Verdict: Hold; business quality is high, but leverage and the rate environment warrant caution.
Main risk: The high leverage (Net Debt/EBITDA of 7.78x) is the main risk, as rising interest rates and ECB hikes increase its financing costs and limit its inorganic growth capacity.
Other Real Estate companies
Neighbours in the sector ranking, to compare without going back to the index.
See all 1,000+ companies in the index →