United Internet AG (DE:UTDI)
XETRA:UTDI
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United Internet
(XETRA:UTDI)
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Rating:56Neutral
Price Target:
€28.00
▲(3.17% Upside)
Action:ReiteratedDate:03/21/26
The score is driven primarily by mixed financial performance: improving cash generation and a rebound in free cash flow are positives, but 2025 revenue contraction and materially higher leverage raise risk. Technicals add a slight drag due to negative MACD and lack of clear trend, while valuation is supported by a high dividend yield but constrained by a relatively high P/E.
Positive Factors
Improving cash generation
Stronger operating cash flow (~€1.10B) and a recovered free cash flow (~€370M) create durable internal funding for network capex, dividends and debt service. Reliable cash conversion reduces reliance on external financing and supports strategic flexibility over the coming quarters.
Negative Factors
Rising leverage
Material debt growth meaningfully raises leverage, reducing financial flexibility and increasing interest and refinancing exposure. Elevated leverage constrains capacity for opportunistic M&A or aggressive capex, and heightens vulnerability to rising rates or cash-flow volatility in the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving cash generation
Stronger operating cash flow (~€1.10B) and a recovered free cash flow (~€370M) create durable internal funding for network capex, dividends and debt service. Reliable cash conversion reduces reliance on external financing and supports strategic flexibility over the coming quarters.
Read all positive factors
United Internet (UTDI) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€5.07B
Dividend Yield7.04%
Average Volume (3M)162.00K
Price to Earnings (P/E)16.8
Beta (1Y)0.82
Revenue Growth-2.19%
EPS GrowthN/A
CountryDE
Employees10,972
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)0.18
Shares Outstanding192,000,000
10 Day Avg. Volume145,915
30 Day Avg. Volume162,001
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)1.02
Price to Sales (P/S)0.78
P/FCF Ratio12.94
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€30.73Price Target Upside13.23% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)1.67
Revenue Forecast (FY)€6.36B
United Internet Business Overview & Revenue Model
Company Description
United Internet AG, through its subsidiaries, operates as an Internet service provider. The company operates through Consumer Access, Business Access, Consumer Applications, and Business Applications segments. It offers landline-based broadband an...
How the Company Makes Money
United Internet generates revenue through multiple key streams. The primary revenue source is its Access segment, which provides broadband internet and mobile services to millions of customers, charging subscription fees for connectivity. The Appl...
United Internet Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
54
Neutral
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.12B | 6.33B | 6.21B | 5.92B | 5.65B |
| Gross Profit | 1.77B | 2.00B | 2.06B | 2.01B | 1.96B |
| EBITDA | 1.22B | 1.13B | 1.29B | 1.23B | 1.31B |
| Net Income | 284.92M | -47.58M | 232.72M | 367.20M | 416.47M |
Balance Sheet | |||||
| Total Assets | 12.69B | 11.94B | 11.25B | 10.36B | 9.67B |
| Cash, Cash Equivalents and Short-Term Investments | 44.77M | 131.54M | 49.44M | 53.48M | 129.23M |
| Total Debt | 5.15B | 3.89B | 3.27B | 2.81B | 2.35B |
| Total Liabilities | 7.46B | 6.39B | 5.69B | 5.06B | 4.75B |
| Stockholders Equity | 4.68B | 4.78B | 4.90B | 4.75B | 4.47B |
Cash Flow | |||||
| Free Cash Flow | 369.60M | 179.52M | 30.61M | -83.86M | 597.88M |
| Operating Cash Flow | 1.10B | 954.12M | 828.50M | 597.52M | 887.63M |
| Investing Cash Flow | -1.01B | -765.60M | -798.19M | -703.54M | -527.30M |
| Financing Cash Flow | -152.79M | -101.75M | -43.59M | 35.07M | -386.10M |
United Internet Technical Analysis
Positive
27.14
Price Trends
27.22
Negative
26.82
Positive
26.49
Positive
Market Momentum
-0.01
Negative
50.41
Neutral
60.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:UTDI, the sentiment is Positive. The current price of 27.14 is below the 20-day moving average (MA) of 27.16, below the 50-day MA of 27.22, and above the 200-day MA of 26.49, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 50.41 is Neutral, neither overbought nor oversold. The STOCH value of 60.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:UTDI.
United Internet Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | €157.77B | 14.02 | 15.62% | 3.28% | 3.58% | 103.26% | |
62 Neutral | €4.15B | 26.36 | 2.71% | 0.21% | -0.46% | -50.77% | |
61 Neutral | €3.13B | 12.76 | 18.18% | 6.73% | -0.62% | 16.87% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
56 Neutral | €5.07B | 16.79 | 2.80% | 7.04% | -2.19% | ― |
* Communication Services Sector Average
DE:UTDI
United Internet
27.52
10.44
61.10%
DE:DTE
Deutsche Telekom
31.95
-1.63
-4.84%
DE:1U1
1&1 AG
23.60
8.45
55.78%
DE:FNTN
freenet
26.42
-7.35
-21.77%
DE:TC1
Tele Columbus
0.79
0.27
51.92%
DE:O2D
Telefonica Deutschland Holding
2.12
-0.08
-3.55%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.