Company Valuation: Proximus PLC

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 2,027 - -
Change - -47.51% -5.29% -41.03% 40.73% -11.14% - -
Enterprise Value (EV) 1 8,544 5,933 6,178 5,827 6,213 6,030 6,051 5,981
Change - -30.56% 4.13% -5.68% 6.63% -2.96% 0.35% -1.15%
P/E 12.5x 6.43x 7.67x 3.62x 5.75x 5.96x 6.96x 6.7x
PBR 1.86x 0.88x 0.83x 0.38x 0.51x 0.43x 0.42x 0.4x
PEG - 2.94x -0.4x 0.1x -0.5x -0.4x -0.5x 1.72x
Capitalization / Revenue 0.99x 0.49x 0.46x 0.25x 0.36x 0.33x 0.33x 0.33x
EV / Revenue 1.53x 1x 1.02x 0.91x 0.99x 0.98x 0.99x 0.97x
EV / EBITDA 4.82x 3.32x 3.52x 3.15x 3.3x 3.19x 3.17x 3.11x
EV / EBIT 13.2x 9.17x 10.3x 8.43x 9.56x 11.3x 10.5x 9.94x
EV / FCF 36x 35.5x 37x 45.5x 20.8x 30.9x 32x 27.1x
FCF Yield 2.77% 2.81% 2.7% 2.2% 4.81% 3.24% 3.13% 3.7%
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% - 4.78% 6.37% 7.81%
EPS 2 1.37 1.4 1.11 1.39 1.23 1.053 0.9019 0.937
Distribution rate 87.6% 85.7% 108% 43.2% - 28.5% 44.4% 52.3%
Net sales 1 5,578 5,909 6,042 6,430 6,307 6,150 6,110 6,148
EBITDA 1 1,772 1,786 1,757 1,850 1,883 1,889 1,907 1,925
EBIT 1 645 647 601 691 650 533 576.6 601.6
Net income 1 443 450 357 447 398 311.5 302.6 312.9
Net Debt 1 3,013 3,030 3,429 4,206 3,932 4,002 4,023 3,954
Reference price 2 17.140 8.996 8.510 5.025 7.075 6.275 6.275 6.275
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.44x1.35x4.34x6.76% 230B
10.36x2.5x6.61x6% 196B
13.96x2.18x5.62x3.88% 161B
11.6x0.87x3.24x6.77% 79.05B
12.66x1.83x7.95x3.4% 81.84B
11.76x1.89x4.78x2.7% 71.51B
15.33x2.72x8.54x5.09% 57.68B
23.14x5.21x18.5x4.65% 54.9B
13.23x1.78x5.46x4.79% 50.56B
Average 13.72x 2.26x 7.23x 4.89% 109.08B
Weighted average by Cap. 12.75x 2.07x 6.34x 5.24%

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