United Internet UTDI.DE
GermanyCommunication Services · Telecom ServicesXetra · EUR
32.07 EUR (+33.4%)
10 analysts
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United Internet AG is a German internet and telecommunications services provider operating brands such as GMX, web.de and 1&1, offering internet access, hosting, cloud and mobile telephony to consumers and businesses.
Listed on Xetra · Symbol UTDI.DE · ETR: UTDI · Currency EUR
Key points
from its scores- ✓Favourable backdrop8.1
- ✕Little competitive advantage3.3
- !Weak share-price trend5.3
- !Balance sheet could be stronger5.9
AI analysis
bottom line, main risk, context and newsReasonable valuation and positive growth, but high leverage and weak free cash flow generation warrant caution until the ECB clarifies its rate path.
United Internet shows acceptable financial health (score 6.46) but with net debt of 4.47x EBITDA and negative free cash flow conversion that weigh on quality (3.31). Its valuation is contained (P/E 14.66, P/B 0.89) and earnings growth of 35.7% is solid, although leverage and the rising rate environment in Europe are the main risks to watch.
The main risk is the combination of net debt of 4.47x EBITDA with an ECB in a hiking cycle, which will make refinancing more expensive and may compress financial margin and investment capacity.
Context and risks
United Internet operates in Germany, a country with solid governance and minority shareholder protection, but its telecommunications business is subject to an active regulatory framework (network access obligations, wholesale tariff reviews) that can compress margins. High net debt (4.47x EBITDA) amplifies its sensitivity to a rising rate environment in Europe, where the ECB maintains a restrictive path.
Is United Internet stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades in line with the Communication Services median (within 15%).
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 14.7 | 17.1 | −15% |
| EV / EBITDA | 9.0 | 9.6 | −6% |
| Price / book | 0.9 | 2.3 | −61% |
| Price / sales | 0.7 | 1.9 | −65% |
Sector: median of the 102 Communication Services companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.0 out of 10 (median for Communication Services: 6.3).
Average analyst target: 32.07 EUR, +33.4% versus the price.
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Communication Services medianValuation
- P/E
- 14.7
- Forward P/E
- 10.8
- EV / EBITDA
- 9.0
- Price / book
- 0.9
- Price / sales
- 0.7
- PEG
- 1.59
- Market cap
- 4.2B EUR
- Enterprise value
- 9.4B EUR
Profitability
- ROE
- 8.1%
- ROA
- 3.4%
- ROIC (approx.)
- 7.5%
- Gross margin
- 31.1%
- Operating margin
- 11.4%
- Net margin
- 5.0%
- Free cash flow
- −139.7M EUR
- FCF yield
- −3.4%
- Cash conversion
- −13%
Solvency
- Total debt
- 4.8B EUR
- Net debt
- 4.7B EUR
- Cash
- 76.7M EUR
- EBITDA
- 1.1B EUR
- Net debt / EBITDA
- 4.47
- Debt / equity
- 91.28
- Current ratio
- 0.65
- Quick ratio
- 0.45
Growth
- Revenue growth
- +3.7%
- Earnings growth
- +35.7%
- EPS (TTM)
- 1.64 EUR
- EPS (forward)
- 2.23 EUR
Dividend
- Dividend yield
- 2.1%
- Payout
- 28.6%
Risk and market
- Beta
- 0.50
- Analyst consensus
- Buy (10)
- Target price
- 32.07 EUR
- 52-week range
- 22.24 – 30.22
Recent news
All UTDI.DE news →Compare it with its sector
All 102 in Communication Services →Frequently asked questions about United Internet
Is United Internet stock cheap or expensive?
On P/E and EV / EBITDA, it trades in line with the Communication Services median (within 15%). Valuation score: 6.0 out of 10 (median for Communication Services: 6.3). Average analyst target: 32.07 EUR, +33.4% versus the price. This is not investment advice.
What score does United Internet get on MeridIAn Screener?
It scores 5.9 out of 10, rank 1,118 of 2,130 (better than 47% of the companies analysed). Its strongest category is Risk & Context (8.1) and its weakest, Quality / Moat (3.3). Analysis of 08/10/2026.
What is United Internet's P/E ratio?
Its P/E is 14.7: the share price equals 14.7 times earnings per share over the last 12 months. The Communication Services median is 17.1. Based on the earnings analysts expect, the forward P/E is 10.8.
How much is United Internet worth on the stock market?
Its market capitalisation is 4.2B EUR and its enterprise value, debt included, is 9.4B EUR.
How much debt does United Internet have?
Its net debt (debt minus cash) is 4.7B EUR. That is 4.47 times its EBITDA; the Communication Services median is 2.19.
Does United Internet pay a dividend?
Yes: its dividend yield is 2.08% and it pays out 29% of its earnings.
How has United Internet stock performed over the last year?
It has fallen 9.0% over the last year, excluding dividends. Over the last 52 weeks it has traded between 22.24 and 30.22 EUR. Past performance does not guarantee future results.
What do analysts think of United Internet?
10 analysts cover it; their average recommendation is “Buy” and their average target is 32.07 EUR (+33.4% versus the price). It is an estimate, not market data.