Company Valuation: Prosus N.V.

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 76,627 99,625 78,467 104,988 104,839 82,055 - -
Change - 30.01% -21.24% 33.8% -0.14% -21.73% - -
Enterprise Value (EV) 1 79,074 106,159 92,530 114,327 106,660 85,143 84,542 84,331
Change - 34.25% -12.84% 23.56% -6.71% -20.17% -0.71% -0.25%
P/E 4.18x 10.7x 12.3x 9.61x 8.5x 9.8x 8.26x 6.96x
PBR 2.05x 2.22x 1.89x 2.19x 1.78x 1.35x 1.17x 1.01x
PEG - -0.3x -0.5x 0.1x 2.46x -0.4x 0.4x 0.4x
Capitalization / Revenue 11.2x 17.3x 14.4x 17x 10.8x 6.65x 6.05x 5.52x
EV / Revenue 11.5x 18.4x 16.9x 18.5x 11x 6.9x 6.23x 5.67x
EV / EBITDA -192x -171x - 250x 101x 83x 60.9x 47.4x
EV / EBIT -92.1x -79.3x -169x 661x 172x 144x 91.1x 65.6x
EV / FCF -94.2x -285x 93.6x 63x 76.1x 49.4x 37.9x 36.7x
FCF Yield -1.06% -0.35% 1.07% 1.59% 1.31% 2.03% 2.64% 2.73%
Dividend per Share 3 0.0642 0.0642 0.07 0.2 0.28 0.244 0.2828 0.3132
Rate of return 0.29% 0.19% 0.24% 0.47% 0.72% 0.71% 0.82% 0.91%
EPS 3 5.327 3.082 2.368 4.432 4.586 3.52 4.177 4.957
Distribution rate 1.21% 2.08% 2.96% 4.51% 6.11% 6.93% 6.77% 6.32%
Net sales 1 6,866 5,765 5,467 6,170 9,705 12,332 13,566 14,867
EBITDA 1 -411 -622 - 457 1,053 1,026 1,389 1,778
EBIT 1 -859 -1,338 -546 173 619 590.6 928.5 1,285
Net income 1 18,733 10,112 6,606 12,367 11,638 8,713 10,473 11,825
Net Debt 1 2,447 6,534 14,063 9,339 1,821 3,089 2,488 2,276
Reference price 3 22.29 33.01 29.08 42.58 38.98 34.50 34.50 34.50
Nbr of stocks (in thousands) 3,095,179 2,778,125 2,498,516 2,281,498 2,332,659 2,113,208 - -
Announcement Date 6/27/22 A 6/27/23 A 6/24/24 A 6/23/25 A 6/29/26 A - - -
1EUR in Million2USD in Million3EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.65x8.13x17.36x0.25% 4,184B
23.36x7.38x12.98x0.29% 1,855B
14.53x3.88x8.97x1.4% 483B
28.25x13.25x20.94x0.64% 484B
18.71x5.55x16.66x-.--% 279B
20.59x1.49x10.26x1.03% 263B
94.21x12.39x66.51x-.--% 195B
21.41x2.45x12.44x-.--% 139B
3.08x86.09x2.34x0.13% 114B
Average 26.75x 15.62x 18.72x 0.42% 888.32B
Weighted average by Cap. 20.76x 8.81x 16.70x 0.36%

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