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 2,055 - -
Change - -47.51% -5.29% -41.03% 40.73% -9.94% - -
Enterprise Value (EV) 1 8,544 5,933 6,178 5,827 6,213 6,057 6,078 6,009
Change - -30.56% 4.13% -5.68% 6.63% -2.52% 0.34% -1.14%
P/E 12.5x 6.43x 7.67x 3.62x 5.75x 6.04x 7.05x 6.79x
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 -0.4x -0.5x 1.74x
Capitalization / Revenue 0.99x 0.49x 0.46x 0.25x 0.36x 0.33x 0.34x 0.33x
EV / Revenue 1.53x 1x 1.02x 0.91x 0.99x 0.98x 0.99x 0.98x
EV / EBITDA 4.82x 3.32x 3.52x 3.15x 3.3x 3.21x 3.19x 3.12x
EV / EBIT 13.2x 9.17x 10.3x 8.43x 9.56x 11.4x 10.5x 9.99x
EV / FCF 36x 35.5x 37x 45.5x 20.8x 31x 32.1x 27.2x
FCF Yield 2.77% 2.81% 2.7% 2.2% 4.81% 3.23% 3.11% 3.68%
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% - 4.72% 6.29% 7.7%
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 6.360 6.360 6.360
Nbr of stocks (in thousands) 322,673 322,690 323,060 322,624 322,462 323,068 - -
Announcement Date 2/18/22 2/18/23 2/23/24 2/28/25 2/28/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.52x1.36x4.21x6.86% 231B
10.35x2.5x6.6x6.01% 195B
14.13x2.21x5.46x3.87% 161B
11.74x0.86x3.23x6.77% 80.49B
12.34x1.81x7.85x3.49% 79.41B
11.87x1.9x4.81x2.67% 71.87B
15.33x2.72x8.54x5.09% 57.69B
23.36x5.25x18.65x4.61% 55.2B
15.4x2.74x6.25x4.48% 49.68B
Average 14.00x 2.37x 7.29x 4.87% 109.1B
Weighted average by Cap. 12.91x 2.13x 6.32x 5.26%

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