KPN's Margins to Increase Due to Sell of iBasis Unit
Koninklijke KPN reported fourth-quarter results that were generally in line with our expectations, and we plan to maintain our EUR 3 per local share fair value estimate and narrow moat rating. While the firm’s reported full-year revenue of EUR 5.64 billion looks light versus our estimate of EUR 5.73, and its adjusted EBITDA margin of 40.8% looks strong versus our projection of 39.4%, this is basically due to the differences in how we accounted for its iBasis unit. KPN agreed to sell the division...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.