Company Valuation: Proximus SA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,531 2,903 2,749 1,621 2,281 2,061 - -
Change - -47.51% -5.29% -41.03% 40.73% -9.65% - -
Enterprise Value (EV) 1 8,544 5,933 6,178 5,827 6,213 6,139 6,158 6,086
Change - -30.56% 4.13% -5.68% 6.63% -1.2% 0.32% -1.18%
P/E 12.5x 6.43x 7.67x 3.62x 5.75x 6.76x 7.11x 6.89x
PBR 1.86x 0.88x 0.83x 0.38x 0.51x 0.44x 0.42x 0.41x
PEG - 2.94x -0.4x 0.1x -0.5x -0.3x -1.46x 2.22x
Capitalization / Revenue 0.99x 0.49x 0.46x 0.25x 0.36x 0.34x 0.34x 0.33x
EV / Revenue 1.53x 1x 1.02x 0.91x 0.99x 1x 1x 0.98x
EV / EBITDA 4.82x 3.32x 3.52x 3.15x 3.3x 3.24x 3.23x 3.16x
EV / EBIT 13.2x 9.17x 10.3x 8.43x 9.56x 11x 11.3x 10.7x
EV / FCF 36x 35.5x 37x 45.5x 20.8x 31.4x 27x 23.2x
FCF Yield 2.77% 2.81% 2.7% 2.2% 4.81% 3.18% 3.71% 4.31%
Dividend per Share 2 1.2 1.2 1.2 0.6 - 0.3 0.4 0.49
Rate of return 7% 13.3% 14.1% 11.9% - 4.7% 6.27% 7.68%
EPS 2 1.37 1.4 1.11 1.39 1.23 0.9435 0.8977 0.9256
Distribution rate 87.6% 85.7% 108% 43.2% - 31.8% 44.6% 52.9%
Net sales 1 5,578 5,909 6,042 6,430 6,307 6,133 6,144 6,186
EBITDA 1 1,772 1,786 1,757 1,850 1,883 1,894 1,910 1,929
EBIT 1 645 647 601 691 650 559.8 547.3 570.4
Net income 1 443 450 357 447 398 283.2 302.6 309.5
Net Debt 1 3,013 3,030 3,429 4,206 3,932 4,078 4,097 4,025
Reference price 2 17.140 8.996 8.510 5.025 7.075 6.380 6.380 6.380
Nbr of stocks (in thousands) 322,673 322,690 323,060 322,624 322,462 323,068 - -
Announcement Date 18/02/22 18/02/23 23/02/24 28/02/25 28/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.07x1.31x4.16x7.01% 223B
11.29x2.62x6.94x5.51% 213B
14.07x2.19x5.66x3.9% 160B
14.01x1.87x8.17x3% 93.92B
12.03x0.89x3.33x6.42% 80.52B
11.78x1.8x4.55x2.78% 69.52B
15.37x2.7x8.42x5.03% 58.31B
24.03x5.42x19.8x4.54% 57.29B
15.26x2.82x6.31x4.31% 52.04B
Average 14.32x 2.40x 7.48x 4.72% 111.99B
Weighted average by Cap. 13.20x 2.17x 6.56x 5.09%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

LAST HOURS | 40% Discount: The Best Subscriber-Only Tools to Unlock Hidden Opportunities!
d
:
:
SEIZE THE OFFER!