(PRX) Prosus - Overview
Sector: Consumer Cyclical | Industry: Internet Retail | Exchange: AS (Netherlands) | Market Cap: 90.803m EUR | Total Return: -15.8% in 12m
Avg Turnover: 126M
Warnings
Beneish M-Score -0.86 > -1.5 - likely earnings manipulation
Tailwinds
No distinct edge detected
Prosus N.V. is a global consumer internet group and investment firm specializing in e-commerce and digital platforms across Asia, Europe, and the Americas. The company operates a diversified portfolio spanning online classifieds, payments, food delivery, and educational technology, while maintaining a significant equity stake in the Chinese technology conglomerate Tencent.
The business model relies on a venture capital-style approach, acquiring and scaling high-growth digital assets in emerging markets to benefit from increasing internet penetration. As a holding company, the stock often trades at a discount to its Net Asset Value (NAV), a common characteristic of entities with large minority stakes in publicly traded subsidiaries.
Investors can further examine these valuation gaps and underlying asset performance by reviewing the data on ValueRay. Prosus continues to focus on optimizing its core e-commerce segments to achieve consolidated profitability while managing its capital allocation through strategic share buyback programs.
- Tencent stake valuation and dividend flow remain primary stock price drivers
- Narrowing net asset value discount through aggressive share buyback programs
- Food delivery segment profitability targets influence core earnings growth trajectory
- Regulatory environment for Chinese technology holdings impacts overall portfolio valuation
- Scaling fintech and classifieds segments reduces long-term dependency on Tencent dividends
| Net Income: 21.4b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 2.48 > 1.0 |
| NWC/Revenue: 146.6% < 20% (prev 331.2%; Δ -184.5% < -1%) |
| CFO/TA 0.04 > 3% & CFO 3.42b > Net Income 21.4b |
| Net Debt (-4.25b) to EBITDA (8.29b): -0.51 < 3 |
| Current Ratio: 3.66 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.23b) vs 12m ago -41.37% < -2% |
| Gross Margin: 42.21% > 18% (prev 40.64%; Δ 1.57% > 0.5%) |
| Asset Turnover: 18.34% > 50% (prev 9.10%; Δ 9.24% > 0%) |
| Interest Coverage Ratio: 14.47 > 6 (EBIT TTM 7.94b / Interest Expense TTM 549.0m) |
| A: 0.24 (Total Current Assets 25.8b - Total Current Liabilities 7.06b) / Total Assets 79.6b |
| B: 1.08 (Retained Earnings 85.9b / Total Assets 79.6b) |
| C: 0.11 (EBIT TTM 7.94b / Avg Total Assets 69.8b) |
| D: 2.29 (Book Value of Equity 55.3b / Total Liabilities 24.2b) |
| Altman-Z'' = 8.23 = AAA |
| DSRI: 2.42 (Receivables 2.69b/475.0m, Revenue 12.8b/5.47b) |
| GMI: 0.96 (GM 40.64% / 42.21%) |
| AQI: 1.08 (AQ_t 0.67 / AQ_t-1 0.62) |
| SGI: 2.34 (Revenue 12.8b / 5.47b) |
| TATA: 0.23 (NI 21.4b - CFO 3.42b) / TA 79.6b) |
| Beneish M = -0.86 (Cap -4..+1) = D |
As of June 08, 2026, the stock is trading at EUR 40.15 with a total of 2,683,413 shares traded.
Over the past week, the price has changed by +2.90%,
over one month by -4.31%,
over three months by -5.70% and
over the past year by -15.84%.
Prosus has no consensus analysts rating.
Market Cap USD = 105b (90.8b EUR * 1.1522 EUR.USD)
P/E Trailing = 8.5877
P/E Forward = 9.0909
P/S = 13.2947
P/B = 1.7474
P/EG = 4.4136
Revenue TTM = 12.8b USD
EBIT TTM = 7.94b USD
EBITDA TTM = 8.29b USD
Long Term Debt = 16.3b USD (from longTermDebt, last quarter)
Short Term Debt = 1.33b USD (from shortTermDebt, last quarter)
Debt = 18.0b USD (from shortLongTermDebtTotal, last quarter) + Leases 141.0m
Net Debt = -4.25b USD (calculated: Debt 18.0b - CCE 22.2b)
Enterprise Value = 100b USD (105b + Debt 18.0b - CCE 22.2b)
Interest Coverage Ratio = 14.47 (Ebit TTM 7.94b / Interest Expense TTM 549.0m)
EV/FCF = 30.69x (Enterprise Value 100b / FCF TTM 3.27b)
FCF Yield = 3.26% (FCF TTM 3.27b / Enterprise Value 100b)
FCF Margin = 25.53% (FCF TTM 3.27b / Revenue TTM 12.8b)
Net Margin = 167.2% (Net Income TTM 21.4b / Revenue TTM 12.8b)
Gross Margin = 42.21% ((Revenue TTM 12.8b - Cost of Revenue TTM 7.40b) / Revenue TTM)
Gross Margin QoQ = 44.67% (prev 39.66%)
Tobins Q-Ratio = 1.26 (Enterprise Value 100b / Total Assets 79.6b)
Interest Expense / Debt = 3.06% (Interest Expense 549.0m / Debt 18.0b)
Taxrate = 1.55% (339.3m / 21.9b)
NOPAT = 7.82b (EBIT 7.94b * (1 - 1.55%))
Current Ratio = 3.66 (Total Current Assets 25.8b / Total Current Liabilities 7.06b)
Debt / Equity = 0.32 (Debt 18.0b / totalStockholderEquity, last quarter 55.3b)
Debt / EBITDA = -0.51 (Net Debt -4.25b / EBITDA 8.29b)
Debt / FCF = -1.30 (Net Debt -4.25b / FCF TTM 3.27b)
Total Stockholder Equity = 48.9b (last 4 quarters mean from totalStockholderEquity)
RoA = 30.67% (Net Income 21.4b / Total Assets 79.6b)
RoE = 43.81% (Net Income TTM 21.4b / Total Stockholder Equity 48.9b)
RoCE = 12.17% (EBIT 7.94b / Capital Employed (Equity 48.9b + L.T.Debt 16.3b))
RoIC = 10.68% (NOPAT 7.82b / Invested Capital 73.2b)
WACC = 7.92% (E(105b)/V(123b) * Re(8.76%) + D(18.0b)/V(123b) * Rd(3.06%) * (1-Tc(0.02)))
Discount Rate = 8.76% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -82.81 | Cagr: -42.60%
[DCF] Terminal Value 77.97% ; FCFF base≈2.35b ; Y1≈2.70b ; Y5≈3.97b
[DCF] Fair Price = 30.02 (EV 59.7b - Net Debt -4.25b = Equity 64.0b / Shares 2.13b; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 19.26 | EPS CAGR: 8.77% | SUE: N/A | # QB: 0
Revenue Correlation: 55.99 | Revenue CAGR: 3.45% | SUE: N/A | # QB: 0