Loading…
German internet company providing consumer internet access, web hosting (via IONOS stake) and web/email portals (GMX, WEB.DE).
German internet company providing consumer internet access, web hosting (via IONOS stake) and web/email portals (GMX, WEB.DE).
Sells monthly contracts to consumers for mobile and broadband, so subscriber numbers drive revenue; IONOS, the hosting unit it listed in 2023, sells websites, domains and cloud hosting mainly to small businesses on subscription. Founder Ralph Dommermuth is the largest shareholder. Its 1&1 unit has been building its own 5G network while renting capacity from other operators.
Moat: narrow (scale, brand, distribution). Established German internet/telecom brand plus a retained stake in the IONOS hosting business.
Headquarters: Montabaur, Germany · Founded: 1988 · Employees: 10,547
Size United Internet (UTDI.DE) is a Germany Communication Services company (Major Telecommunications) with a market value of $5.17B, the 70th largest of 205 Germany companies the cockpit tracks. Shares closed at €24.70 on 6 Nov 2026.
Performance Over six months the shares fell 8.8%, against -5.5% for the median peer and +2.6% for the Germany market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue fell 7.6% over the last twelve months (peer median +1.9%); the operating margin is 9.2% (peer median 11.1%).
Valuation It trades at 15.5× forward earnings against a peer median of 16.8× (8th cheapest of 16).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.7 points below its cost of capital (5.0% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €5.97B | €6.12B | €6.02B | €6.21B | €5.92B |
| Revenue growth | — | +2% | -3% | +5% | — |
| Gross profit | €1.90B | €1.77B | €1.79B | €1.91B | €1.84B |
| EBITDA | €1.22B | €1.22B | €1.21B | €1.26B | €1.22B |
| Net income | €308M | €285M | -€47.6M | €233M | €367M |
| Free cash flow | €446M | €370M | €31.9M | -€59.0M | -€83.9M |
| Capital expenditure | €717M | €731M | €775M | €798M | €681M |
| Total debt | €3.73B | €5.15B | €4.60B | €4.03B | €2.81B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| United Internet UTDI.DE | $5.17B | -9% | -8% | 9% | 15.5× | 1.4% |
| Deutsche Telekom DTE.DE | $139B | -7% | +2% | 22% | 11.4× | -7.7% |
| Vodafone Group Public VOD.L | $36.3B | +4% | +11% | 10% | 12.1× | 4.2% |
| freenet FNTN.DE | $3.06B | -7% | +10% | 14% | 11.4× | -11.3% |
| Telefonica TEF.MC | $21.4B | -16% | -11% | 5% | 10.8× | 11.7% |
| GoDaddy GDDY | $13.9B | +26% | +7% | 26% | 12.9× | -2.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | UTDI.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.0% | +2.8% | 8th highest of 21 |
| 6-month return | -8.8% | -5.5% | 10th lowest of 21 |
| Distance from 52-week high | -18.3% | -19.5% | 10th highest of 21 |
| Revenue growth (TTM) | -7.6% | +1.9% | 4th lowest of 21 |
| Operating margin | 9.2% | 11.1% | 8th lowest of 21 |
| Forward P/E | 15.5× | 16.8× | 8th cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | 1.4% | 0.4% | 7th most demanding of 18 |
| Growth delivered (Del g) | +2.7% | +2.9% | 9th lowest of 18 |
| Hurdle (Req g minus delivered) | -1.2 pp | -4.4 pp | 7th most demanding of 18 |
| ROIC minus cost of capital | -0.7 pp | +1.0 pp | 8th lowest of 20 |
| EV / EBITDA | 7.3× | 8.9× | 8th cheapest of 18 |
| Net debt / EBITDA | 3.0× | 2.5× | 6th most indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| United Internet UTDI.DE | Germany | $5.17B | -9% | -8% | 9% | 15.5× | 1.4% | +2.7% |
| LG Uplus 032640.KS | South Korea | $5.17B | +6% | 0% | 7% | 9.8× | -17.5% | +2.9% |
| Tata Communications TATACOMM.NS | India | $5.15B | +7% | +9% | 8% | 30.9× | 34.1% | +7.7% |
| PCCW 0008.HK | Hong Kong | $5.04B | -17% | +7% | 13% | 46.4× | 1.2% | +2.3% |
| Telecom Argentina SA Sponsored ADR TEO | United States | $4.87B | -16% | +33% | 9% | 12.8× | 4.1% | +8.4% |
| Lumen Technologies LUMN | United States | $4.12B | -59% | -8% | -3% | n/a | 5.1% | -9.7% |
| Internet Initiative Japan 3774.T | Japan | $4.05B | +30% | +14% | 9% | 25.3× | 2.3% | +10.2% |
| Liberty Global LBTYA | United States | $3.28B | -19% | -27% | -1% | n/a | n/a | n/a |
| NetLink NBN Trust CJLU.SI | Singapore | $2.87B | -7% | 0% | 22% | 44.5× | 16.0% | +2.3% |
| KT 030200.KS | South Korea | $9.46B | -12% | +9% | 7% | 9.0× | -4.1% | +3.4% |
| ITI ITI.NS | India | $2.53B | -18% | -41% | -1% | n/a | n/a | n/a |
| Eutelsat Communications ETL.PA | France | $2.40B | -40% | -1% | -6% | n/a | n/a | n/a |
| Tele2 TEL2-A.ST | Sweden | $11.2B | -14% | +2% | 24% | 10.7× | -2.4% | +2.4% |
| HKT Trust and HKT 6823.HK | Hong Kong | $11.9B | -2% | +7% | 22% | 16.8× | -3.1% | +2.4% |
| Quebecor QBR-B.TO | Canada | $12.3B | +36% | +3% | 27% | 16.8× | 0.4% | +5.6% |
| IDT IDT | United States | $2.18B | +54% | +5% | 9% | 19.5× | 5.7% | -2.2% |
| Liberty Latin America LILA | United States | $1.73B | +72% | +1% | 17% | n/a | 0.5% | +3.4% |
| Royal KPN KPN.AS | Netherlands | $18.6B | -4% | +2% | 24% | 18.2× | -2.5% | +1.9% |
| Guangdong South New Media 300770.SZ | China | $1.37B | +7% | -6% | 37% | 13.8× | -1.5% | +5.9% |
| Telenor TEL.OL | Norway | $19.8B | -14% | -7% | 24% | 13.5× | -7.7% | -8.0% |
| Gamma Communications GAMA.L | United Kingdom | $1.32B | +23% | +7% | 15% | 11.9× | -0.4% | +10.4% |