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 1,864 - -
Change - -47.51% -5.29% -41.03% 40.73% -18.29% - -
Enterprise Value (EV) 1 8,544 5,933 6,178 5,827 6,213 5,942 5,962 5,889
Change - -30.56% 4.13% -5.68% 6.63% -4.37% 0.33% -1.21%
P/E 12.5x 6.43x 7.67x 3.62x 5.75x 6.12x 6.43x 6.24x
PBR 1.86x 0.88x 0.83x 0.38x 0.51x 0.4x 0.38x 0.37x
PEG - 2.94x -0.4x 0.1x -0.5x -0.3x -1.31x 2.01x
Capitalization / Revenue 0.99x 0.49x 0.46x 0.25x 0.36x 0.3x 0.3x 0.3x
EV / Revenue 1.53x 1x 1.02x 0.91x 0.99x 0.97x 0.97x 0.95x
EV / EBITDA 4.82x 3.32x 3.52x 3.15x 3.3x 3.14x 3.12x 3.05x
EV / EBIT 13.2x 9.17x 10.3x 8.43x 9.56x 10.6x 10.9x 10.3x
EV / FCF 36x 35.5x 37x 45.5x 20.8x 30.4x 26.1x 22.5x
FCF Yield 2.77% 2.81% 2.7% 2.2% 4.81% 3.29% 3.83% 4.45%
Dividend per Share 2 1.2 1.2 1.2 0.6 0.6 0.3 0.4 0.49
Rate of return 7% 13.3% 14.1% 11.9% 8.48% 5.2% 6.93% 8.49%
EPS 2 1.37 1.4 1.11 1.39 1.23 0.9431 0.897 0.9248
Distribution rate 87.6% 85.7% 108% 43.2% 48.8% 31.8% 44.6% 53%
Net sales 1 5,578 5,909 6,042 6,430 6,307 6,133 6,144 6,185
EBITDA 1 1,772 1,786 1,757 1,850 1,883 1,894 1,909 1,929
EBIT 1 645 647 601 691 650 559.7 547.1 570.2
Net income 1 443 450 357 447 398 283 302.3 309.2
Net Debt 1 3,013 3,030 3,429 4,206 3,932 4,078 4,098 4,025
Reference price 2 17.140 8.996 8.510 5.025 7.075 5.770 5.770 5.770
Nbr of stocks (in thousands) 322,673 322,690 323,060 322,624 322,462 323,068 - -
Announcement Date 2/18/22 A 2/18/23 A 2/23/24 A 2/28/25 A 2/28/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.07x1.31x4.17x6.99% 223B
10.26x2.48x6.56x6.09% 193B
12.91x2.11x5.45x4.2% 144B
13.43x1.86x8.09x3.11% 88.54B
11.88x0.91x3.4x6.43% 82.32B
11.91x1.83x4.61x2.73% 66.97B
14.78x2.66x8.29x5.18% 56.65B
22.79x5.26x19.17x4.78% 54B
14.33x2.65x5.89x4.53% 49.44B
Average 13.71x 2.34x 7.29x 4.89% 106.45B
Weighted average by Cap. 12.58x 2.09x 6.35x 5.32%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Proximus SA

Historical PBR trend

Valuation ratios - PBR - Proximus SA

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Proximus SA

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Proximus SA


Year-on-year evolution of the Yield

Valuation ratios - Yield - Proximus SA