Projected Income Statement: Proximus SA

Forecast Balance Sheet: Proximus SA

Forecast Balance Sheet - Proximus SA
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 3,013 3,030 3,429 4,206 3,932 4,254 4,183 4,109
Change - 0.56% 13.17% 22.66% -6.51% 8.19% -1.67% -1.77%
Announcement Date 18/02/22 18/02/23 23/02/24 28/02/25 28/02/26 - - -
1EUR in Million
Estimates

Cash Flow Forecast: Proximus SA

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 1,137 1,441 1,453 1,474 1,316 1,347 1,330 1,208
Change - 26.74% 0.83% 1.45% -10.72% 2.35% -1.27% -9.16%
Free Cash Flow (FCF) 1 237 167 167 128 299 78.6 163.4 371.4
Change - -29.54% 0% -23.35% 133.59% -73.71% 107.95% 127.23%
Announcement Date 18/02/22 18/02/23 23/02/24 28/02/25 28/02/26 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: Proximus SA

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 31.77% 30.23% 29.08% 28.77% 29.86% 30.94% 31.16% 31.24%
EBIT Margin (%) 11.56% 10.95% 9.95% 10.75% 10.31% 9.18% 8.91% 9.12%
EBT Margin (%) 10.42% 9.78% 7.63% 7.98% 7.72% 6.2% 6.67% 7.04%
Net margin (%) 7.94% 7.62% 5.91% 6.95% 6.31% 4.5% 4.89% 5.01%
FCF margin (%) 4.25% 2.83% 2.76% 1.99% 4.74% 1.28% 2.67% 6.03%
FCF / Net Income (%) 53.5% 37.11% 46.78% 28.64% 75.13% 28.5% 54.61% 120.23%

Profitability

        
ROA 4.92% 4.52% 3.29% 3.65% 3.03% 2.25% 2.71% 2.82%
ROE 15.07% 14.32% 10.8% 11.75% 9.03% 5.92% 6.57% 6.72%

Financial Health

        
Leverage (Debt/EBITDA) 1.7x 1.7x 1.95x 2.27x 2.09x 2.25x 2.19x 2.13x
Debt / Free cash flow 12.71x 18.14x 20.53x 32.86x 13.15x 54.12x 25.59x 11.06x

Capital Intensity

        
CAPEX / Current Assets (%) 20.38% 24.39% 24.05% 22.92% 20.87% 22% 21.72% 19.6%
CAPEX / EBITDA (%) 64.16% 80.68% 82.7% 79.68% 69.89% 71.1% 69.71% 62.74%
CAPEX / FCF (%) 479.75% 862.87% 870.06% 1,151.56% 440.13% 1,713.69% 813.6% 325.26%

Items per share

        
Cash flow per share 1 5.022 5.323 5.024 4.966 5.002 4.674 4.942 4.852
Change - 5.99% -5.62% -1.15% 0.73% -6.56% 5.73% -1.82%
Dividend per Share 1 1.2 1.2 1.2 0.6 0.6 0.3 0.4 0.49
Change - 0% 0% -50% 0% -50% 33.33% 22.5%
Book Value Per Share 1 9.227 10.26 10.23 13.36 13.95 14.48 15.07 15.61
Change - 11.17% -0.23% 30.55% 4.44% 3.78% 4.05% 3.61%
EPS 1 1.37 1.4 1.11 1.39 1.23 0.9422 0.8981 0.9279
Change - 2.19% -20.71% 25.23% -11.51% -23.4% -4.67% 3.31%
Nbr of stocks (in thousands) 3,22,673 3,22,690 3,23,060 3,22,624 3,22,462 3,23,068 3,23,068 3,23,068
Announcement Date 18/02/22 18/02/23 23/02/24 28/02/25 28/02/26 - - -
1EUR
Estimates
2026 *2027 *
P/E 5.86x 6.15x
PBR 0.38x 0.37x
EV / Sales 0.99x 0.97x
Yield 5.43% 7.25%

EPS & Dividend

EPS & Dividend - Proximus SA


Y-o-Y evolution of P/E

Valuation ratios - P/E - Proximus SA
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - Proximus SA
Trader
Investor
Global
Quality
ESG MSCI
A
MarketScreener Ratings - Proximus SA
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
13
Last Close Price
5.520EUR
Average target price
7.915EUR
Spread / Average Target
+43.39%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - Proximus SA
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  4. Financials Proximus SA