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 2,084 - -
Change - -47.51% -5.29% -41.03% 40.73% -8.66% - -
Enterprise Value (EV) 1 8,544 5,933 6,178 5,827 6,213 6,161 6,241 6,146
Change - -30.56% 4.13% -5.68% 6.63% -0.84% 1.3% -1.53%
P/E 12.5x 6.43x 7.67x 3.62x 5.75x 5.96x 7.02x 6.74x
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 -0.5x -0.5x 1.65x
Capitalization / Revenue 0.99x 0.49x 0.46x 0.25x 0.36x 0.34x 0.34x 0.34x
EV / Revenue 1.53x 1x 1.02x 0.91x 0.99x 1x 1.01x 0.99x
EV / EBITDA 4.82x 3.32x 3.52x 3.15x 3.3x 3.2x 3.27x 3.18x
EV / EBIT 13.2x 9.17x 10.3x 8.43x 9.56x 9.82x 10.7x 10.3x
EV / FCF 36x 35.5x 37x 45.5x 20.8x 64.6x 41x 20.2x
FCF Yield 2.77% 2.81% 2.7% 2.2% 4.81% 1.55% 2.44% 4.95%
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% 4.65% 6.2% 7.6%
EPS 2 1.37 1.4 1.11 1.39 1.23 1.083 0.9191 0.9567
Distribution rate 87.6% 85.7% 108% 43.2% 48.8% 27.7% 43.5% 51.2%
Net sales 1 5,578 5,909 6,042 6,430 6,307 6,153 6,150 6,192
EBITDA 1 1,772 1,786 1,757 1,850 1,883 1,925 1,911 1,930
EBIT 1 645 647 601 691 650 627.7 581.7 599.5
Net income 1 443 450 357 447 398 336.7 307.2 319.6
Net Debt 1 3,013 3,030 3,429 4,206 3,932 4,078 4,158 4,062
Reference price 2 17.140 8.996 8.510 5.025 7.075 6.450 6.450 6.450
Nbr of stocks (in thousands) 3,22,673 3,22,690 3,23,060 3,22,624 3,22,462 3,23,068 - -
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.($)
5.96x1x3.2x4.65% 230.43Cr
11.67x1.35x4.27x6.69% 23TCr
10.31x2.52x6.57x6.05% 19TCr
12.84x2.1x5.56x4.2% 14TCr
37.63x8.24x15.22x - 13TCr
11.7x0.95x3.59x6.53% 8.47TCr
13.42x1.82x7.84x3.22% 8.47TCr
14.38x2.08x5.21x2.32% 7.62TCr
14.44x2.65x8.32x5.29% 5.52TCr
14.61x2.74x6.01x4.19% 5.33TCr
Average 14.70x 2.55x 6.58x 4.79% 10TCr
Weighted average by Cap. 15.48x 2.73x 6.85x 5.24%

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
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