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 1,914 - -
Change - -47.51% -5.29% -41.03% 40.73% -16.1% - -
Enterprise Value (EV) 1 8,544 5,933 6,178 5,827 6,213 6,368 5,871 5,797
Change - -30.56% 4.13% -5.68% 6.63% 2.5% -7.81% -1.27%
P/E 12.5x 6.43x 7.67x 3.62x 5.75x 6.21x 6.17x 5.77x
PBR 1.86x 0.88x 0.83x 0.38x 0.51x 0.41x 0.4x 0.38x
PEG - 2.94x -0.4x 0.1x -0.5x -0.3x 10.26x 0.83x
Capitalization / Revenue 0.99x 0.49x 0.46x 0.25x 0.36x 0.31x 0.31x 0.31x
EV / Revenue 1.53x 1x 1.02x 0.91x 0.99x 1.04x 0.96x 0.94x
EV / EBITDA 4.82x 3.32x 3.52x 3.15x 3.3x 3.36x 3.09x 3.01x
EV / EBIT 13.2x 9.17x 10.3x 8.43x 9.56x 11.2x 10x 9.24x
EV / FCF 36x 35.5x 37x 45.5x 20.8x 32.6x 43.2x 42.3x
FCF Yield 2.77% 2.81% 2.7% 2.2% 4.81% 3.07% 2.32% 2.36%
Dividend per Share 2 1.2 1.2 1.2 0.6 - 0.3 0.39 0.5
Rate of return 7% 13.3% 14.1% 11.9% - 5.06% 6.58% 8.44%
EPS 2 1.37 1.4 1.11 1.39 1.23 0.9541 0.9598 1.027
Distribution rate 87.6% 85.7% 108% 43.2% - 31.4% 40.6% 48.7%
Net sales 1 5,578 5,909 6,042 6,430 6,307 6,115 6,128 6,164
EBITDA 1 1,772 1,786 1,757 1,850 1,883 1,893 1,903 1,929
EBIT 1 645 647 601 691 650 568.5 587.2 627.1
Net income 1 443 450 357 447 398 306.8 319.3 336.2
Net Debt 1 3,013 3,030 3,429 4,206 3,932 4,454 3,957 3,882
Reference price 2 17.140 8.996 8.510 5.025 7.075 5.925 5.925 5.925
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.22x1.3x4.02x7.14% 221B
8.75x2.32x6.22x6.7% 176B
12.99x2.1x5.52x4.32% 144B
12.86x2.02x5.09x2.42% 78.08B
11.75x1.73x7.42x3.66% 74.43B
11.88x0.77x2.87x6.79% 72.57B
15.52x2.7x8.46x5.07% 57.81B
23.68x5.34x19.51x4.52% 55.7B
15.12x2.73x6.26x4.5% 49.01B
Average 13.75x 2.34x 7.26x 5.01% 103.1B
Weighted average by Cap. 12.48x 2.08x 6.27x 5.49%

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