(PROX) Proximus - BR
Sector: Communication Services | Industry: Telecom Services | Exchange: BR (Belgium) | Market Cap: 2.098m EUR | Total Return: -17.2% in 12m
Avg Turnover: 2.25M
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
Proximus NV is a Brussels-based integrated telecommunications provider offering fixed and mobile connectivity, IT infrastructure, and digital services. The company operates across residential, enterprise, and wholesale segments, providing internet, television, and managed cloud solutions. Its portfolio includes specialized subsidiaries focused on cybersecurity, artificial intelligence, and digital identity services, such as Telesign and Route Mobile.
As an integrated operator, Proximus manages the capital-intensive rollout of fiber-optic and 5G networks, which serve as the foundation for its Communications Platform as a Service (CPaaS) and Internet of Things (IoT) offerings. The telecommunications sector in Belgium is characterized by high barriers to entry due to significant infrastructure requirements and strict regulatory oversight regarding spectrum allocation.
To better understand the companys long-term financial health, you may want to examine the comprehensive data available on ValueRay. This analysis provides a baseline for evaluating Proximuss position within the European telecommunications landscape.
- Domestic fiber rollout costs and capital expenditure pressure margins
- International segment growth driven by Route Mobile and Telesign integration
- Intense Belgian market competition following Orange-VOO and Digi entry
- High dividend payout sustainability amid elevated net debt levels
| Net Income: 384.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.38 > 0.02 and ΔFCF/TA 37.06 > 1.0 |
| NWC/Revenue: -3.60% < 20% (prev -9.31%; Δ 5.71% < -1%) |
| CFO/TA 2.26 > 3% & CFO 1.58b > Net Income 384.0m |
| Net Debt (4.38b) to EBITDA (1.56b): 2.81 < 3 |
| Current Ratio: 0.91 > 1.5 & < 3 |
| Outstanding Shares: last quarter (323.1m) vs 12m ago 0.19% < -2% |
| Gross Margin: 20.53% > 18% (prev 52.20%; Δ -31.66% > 0.5%) |
| Asset Turnover: 88.42% > 50% (prev 48.43%; Δ 39.98% > 0%) |
| Interest Coverage Ratio: 1.92 > 6 (EBIT TTM 234.0m / Interest Expense TTM 122.0m) |
| A: -0.32 (Total Current Assets 2.26b - Total Current Liabilities 2.48b) / Total Assets 700.0m |
| B: 4.14 (Retained Earnings 2.90b / Total Assets 700.0m) |
| C: 0.03 (EBIT TTM 234.0m / Avg Total Assets 7.07b) |
| D: 5.44 (Book Value of Equity 3.81b / Total Liabilities 700.0m) |
| Altman-Z'' = 17.33 = AAA |
As of June 20, 2026, the stock is trading at EUR 6.17 with a total of 401,848 shares traded.
Over the past week, the price has changed by -5.66%,
over one month by -7.85%,
over three months by -10.95% and
over the past year by -17.21%.
Proximus has no consensus analysts rating.
P/E Trailing = 5.458
P/E Forward = 5.8309
P/S = 0.3421
P/B = 0.4676
P/EG = 2.1081
Revenue TTM = 6.25b EUR
EBIT TTM = 234.0m EUR
EBITDA TTM = 1.56b EUR
Long Term Debt = 4.22b EUR (from longTermDebt, last quarter)
Short Term Debt = 22.0m EUR (from shortLongTermDebt, last quarter)
Debt = 4.97b EUR (from shortLongTermDebtTotal, last fiscal year) + Leases 363.0m
Net Debt = 4.38b EUR (calculated: Debt 4.97b - CCE 590.0m)
Enterprise Value = 6.48b EUR (2.10b + Debt 4.97b - CCE 590.0m)
Interest Coverage Ratio = 1.92 (Ebit TTM 234.0m / Interest Expense TTM 122.0m)
EV/FCF = 24.36x (Enterprise Value 6.48b / FCF TTM 266.0m)
FCF Yield = 4.10% (FCF TTM 266.0m / Enterprise Value 6.48b)
FCF Margin = 4.26% (FCF TTM 266.0m / Revenue TTM 6.25b)
Net Margin = 6.15% (Net Income TTM 384.0m / Revenue TTM 6.25b)
Gross Margin = 20.53% ((Revenue TTM 6.25b - Cost of Revenue TTM 4.96b) / Revenue TTM)
Gross Margin QoQ = none% (prev -129.8%)
Tobins Q-Ratio = 9.26 (Enterprise Value 6.48b / Total Assets 700.0m)
Interest Expense / Debt = 2.45% (Interest Expense 122.0m / Debt 4.97b)
Taxrate = 15.37% (71.0m / 462.0m)
NOPAT = 198.0m (EBIT 234.0m * (1 - 15.37%))
Current Ratio = 0.91 (Total Current Assets 2.26b / Total Current Liabilities 2.48b)
Debt / Equity = 1.31 (Debt 4.97b / totalStockholderEquity, last fiscal year 3.81b)
Debt / EBITDA = 2.81 (Net Debt 4.38b / EBITDA 1.56b)
Debt / FCF = 16.47 (Net Debt 4.38b / FCF TTM 266.0m)
Total Stockholder Equity = 4.49b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.43% (Net Income 384.0m / Total Assets 700.0m)
RoE = 8.55% (Net Income TTM 384.0m / Total Stockholder Equity 4.49b)
RoCE = 2.69% (EBIT 234.0m / Capital Employed (Equity 4.49b + L.T.Debt 4.22b))
RoIC = -10.06% (NOPAT 198.0m / Invested Capital -1.97b)
WACC = 3.26% (E(2.10b)/V(7.07b) * Re(6.06%) + D(4.97b)/V(7.07b) * Rd(2.45%) * (1-Tc(0.15)))
Discount Rate = 6.06% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 23.00 | Cagr: 0.07%
[DCF] Terminal Value 77.97% ; FCFF base≈210.0m ; Y1≈240.7m ; Y5≈354.3m
[DCF] Fair Price = 2.94 (EV 5.33b - Net Debt 4.38b = Equity 949.5m / Shares 323.1m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 66.71 | EPS CAGR: 11.47% | SUE: 1.13 | # QB: 1
Revenue Correlation: 85.18 | Revenue CAGR: 3.10% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.22 | Chg30d=-12.01% | Revisions=-33% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.19 | Chg30d=-12.43% | Revisions=-33% | Analysts=2
EPS current Year (2026-12-31): EPS=0.97 | Chg30d=N/A | Revisions=+0% | GrowthEPS=+240.3% | GrowthRev=-3.7%
EPS next Year (2027-12-31): EPS=0.95 | Chg30d=N/A | Revisions=-25% | GrowthEPS=-1.8% | GrowthRev=+0.8%
[Analyst] Revisions Ratio: -33%