PROXIMUS (PROX.BR) Fundamental Analysis & Valuation

EBR:PROX • BE0003810273

7.49 EUR
+0.14 (+1.9%)
Last: Mar 4, 2026, 05:36 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This PROX.BR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

Overall PROX gets a fundamental rating of 4 out of 10. We evaluated PROX against 30 industry peers in the Diversified Telecommunication Services industry. There are concerns on the financial health of PROX while its profitability can be described as average. PROX is cheap, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

6

1. PROX.BR Profitability Analysis

1.1 Basic Checks

  • In the past year PROX was profitable.
  • PROX had a positive operating cash flow in the past year.
  • In the past 5 years PROX has always been profitable.
  • In the past 5 years PROX always reported a positive cash flow from operatings.
PROX.BR Yearly Net Income VS EBIT VS OCF VS FCFPROX.BR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

1.2 Ratios

  • With a decent Return On Assets value of 4.24%, PROX is doing good in the industry, outperforming 66.67% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 12.68%, PROX is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
  • The Return On Invested Capital of PROX (6.73%) is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years for PROX is below the industry average of 8.35%.
  • The last Return On Invested Capital (6.73%) for PROX is above the 3 year average (6.28%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.24%
ROE 12.68%
ROIC 6.73%
ROA(3y)3.61%
ROA(5y)4.41%
ROE(3y)11.6%
ROE(5y)13.82%
ROIC(3y)6.28%
ROIC(5y)7.35%
PROX.BR Yearly ROA, ROE, ROICPROX.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

  • With a decent Profit Margin value of 8.83%, PROX is doing good in the industry, outperforming 63.33% of the companies in the same industry.
  • PROX's Profit Margin has been stable in the last couple of years.
  • Looking at the Operating Margin, with a value of 13.24%, PROX is in line with its industry, outperforming 60.00% of the companies in the same industry.
  • In the last couple of years the Operating Margin of PROX has grown nicely.
  • Looking at the Gross Margin, with a value of 63.05%, PROX is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
  • PROX's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 13.24%
PM (TTM) 8.83%
GM 63.05%
OM growth 3Y-2.47%
OM growth 5Y2.45%
PM growth 3Y-4.31%
PM growth 5Y1.17%
GM growth 3Y-0.54%
GM growth 5Y-0.42%
PROX.BR Yearly Profit, Operating, Gross MarginsPROX.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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3

2. PROX.BR Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), PROX is creating some value.
  • The number of shares outstanding for PROX remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, PROX has about the same amount of shares outstanding.
  • The debt/assets ratio for PROX has been reduced compared to a year ago.
PROX.BR Yearly Shares OutstandingPROX.BR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
PROX.BR Yearly Total Debt VS Total AssetsPROX.BR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

  • PROX has an Altman-Z score of 1.23. This is a bad value and indicates that PROX is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of 1.23, PROX perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
  • PROX has a debt to FCF ratio of 20.29. This is a negative value and a sign of low solvency as PROX would need 20.29 years to pay back of all of its debts.
  • The Debt to FCF ratio of PROX (20.29) is worse than 63.33% of its industry peers.
  • PROX has a Debt/Equity ratio of 1.00. This is a neutral value indicating PROX is somewhat dependend on debt financing.
  • With a decent Debt to Equity ratio value of 1.00, PROX is doing good in the industry, outperforming 66.67% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1
Debt/FCF 20.29
Altman-Z 1.23
ROIC/WACC1.36
WACC4.96%
PROX.BR Yearly LT Debt VS Equity VS FCFPROX.BR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 0.94 indicates that PROX may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.94, PROX is in the better half of the industry, outperforming 76.67% of the companies in the same industry.
  • A Quick Ratio of 0.89 indicates that PROX may have some problems paying its short term obligations.
  • With a decent Quick ratio value of 0.89, PROX is doing good in the industry, outperforming 76.67% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.94
Quick Ratio 0.89
PROX.BR Yearly Current Assets VS Current LiabilitesPROX.BR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

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1

3. PROX.BR Growth Analysis

3.1 Past

  • The earnings per share for PROX have decreased by -2.10% in the last year.
  • Measured over the past 5 years, PROX shows a small growth in Earnings Per Share. The EPS has been growing by 3.59% on average per year.
  • The Revenue has been growing slightly by 2.33% in the past year.
  • Measured over the past years, PROX shows a small growth in Revenue. The Revenue has been growing by 2.49% on average per year.
EPS 1Y (TTM)-2.1%
EPS 3Y0%
EPS 5Y3.59%
EPS Q2Q%-53.57%
Revenue 1Y (TTM)2.33%
Revenue growth 3Y4.82%
Revenue growth 5Y2.49%
Sales Q2Q%-11.17%

3.2 Future

  • Based on estimates for the next years, PROX will show a decrease in Earnings Per Share. The EPS will decrease by -5.63% on average per year.
  • Based on estimates for the next years, PROX will show a decrease in Revenue. The Revenue will decrease by -0.09% on average per year.
EPS Next Y-3.3%
EPS Next 2Y-12.56%
EPS Next 3Y-7.91%
EPS Next 5Y-5.63%
Revenue Next Year0.58%
Revenue Next 2Y-0.12%
Revenue Next 3Y0.14%
Revenue Next 5Y-0.09%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
PROX.BR Yearly Revenue VS EstimatesPROX.BR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B
PROX.BR Yearly EPS VS EstimatesPROX.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 0.5 1 1.5

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7

4. PROX.BR Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 5.35 indicates a rather cheap valuation of PROX.
  • Based on the Price/Earnings ratio, PROX is valued cheaply inside the industry as 96.67% of the companies are valued more expensively.
  • PROX's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.83.
  • With a Price/Forward Earnings ratio of 7.10, the valuation of PROX can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, PROX is valued cheaper than 93.33% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of PROX to the average of the S&P500 Index (24.95), we can say PROX is valued rather cheaply.
Industry RankSector Rank
PE 5.35
Fwd PE 7.1
PROX.BR Price Earnings VS Forward Price EarningsPROX.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 100.00% of the companies in the same industry are more expensive than PROX, based on the Enterprise Value to EBITDA ratio.
  • PROX's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. PROX is cheaper than 73.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.09
EV/EBITDA 3.01
PROX.BR Per share dataPROX.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

  • The decent profitability rating of PROX may justify a higher PE ratio.
  • A cheap valuation may be justified as PROX's earnings are expected to decrease with -7.91% in the coming years.
PEG (NY)N/A
PEG (5Y)1.49
EPS Next 2Y-12.56%
EPS Next 3Y-7.91%

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6

5. PROX.BR Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.05%, PROX is a good candidate for dividend investing.
  • PROX's Dividend Yield is a higher than the industry average which is at 3.04.
  • PROX's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 5.05%

5.2 History

  • The dividend of PROX decreases each year by -5.81%.
Dividend Growth(5Y)-5.81%
Div Incr Years0
Div Non Decr Years3
PROX.BR Yearly Dividends per sharePROX.BR Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1

5.3 Sustainability

  • PROX pays out 33.86% of its income as dividend. This is a sustainable payout ratio.
  • The Dividend Rate of PROX has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP33.86%
EPS Next 2Y-12.56%
EPS Next 3Y-7.91%
PROX.BR Yearly Income VS Free CF VS DividendPROX.BR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M
PROX.BR Dividend Payout.PROX.BR Dividend Payout, showing the Payout Ratio.PROX.BR Dividend Payout.PayoutRetained Earnings

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PROX.BR Fundamentals: All Metrics, Ratios and Statistics

PROXIMUS

EBR:PROX (3/4/2026, 5:36:15 PM)

7.49

+0.14 (+1.9%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)02-27
Earnings (Next)05-08
Inst Owners13.63%
Inst Owner ChangeN/A
Ins Owners5.12%
Ins Owner ChangeN/A
Market Cap2.53B
Revenue(TTM)6.37B
Net Income(TTM)570.00M
Analysts70
Price Target8 (6.81%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.05%
Yearly Dividend1.12
Dividend Growth(5Y)-5.81%
DP33.86%
Div Incr Years0
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)76.22%
Min EPS beat(2)67.95%
Max EPS beat(2)84.5%
EPS beat(4)4
Avg EPS beat(4)120.34%
Min EPS beat(4)67.95%
Max EPS beat(4)185.43%
EPS beat(8)7
Avg EPS beat(8)62.14%
EPS beat(12)8
Avg EPS beat(12)39.19%
EPS beat(16)10
Avg EPS beat(16)28.55%
Revenue beat(2)0
Avg Revenue beat(2)-5.38%
Min Revenue beat(2)-8.37%
Max Revenue beat(2)-2.39%
Revenue beat(4)2
Avg Revenue beat(4)-1.43%
Min Revenue beat(4)-8.37%
Max Revenue beat(4)4.62%
Revenue beat(8)4
Avg Revenue beat(8)-0.87%
Revenue beat(12)7
Avg Revenue beat(12)-0.24%
Revenue beat(16)9
Avg Revenue beat(16)-0.26%
PT rev (1m)0.98%
PT rev (3m)1.34%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)3.16%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)-0.47%
Valuation
Industry RankSector Rank
PE 5.35
Fwd PE 7.1
P/S 0.39
P/FCF 10.09
P/OCF 1.49
P/B 0.56
P/tB N/A
EV/EBITDA 3.01
EPS(TTM)1.4
EY18.69%
EPS(NY)1.06
Fwd EY14.09%
FCF(TTM)0.74
FCFY9.91%
OCF(TTM)5.04
OCFY67.26%
SpS19.09
BVpS13.3
TBVpS-1.66
PEG (NY)N/A
PEG (5Y)1.49
Graham Number20.47
Profitability
Industry RankSector Rank
ROA 4.24%
ROE 12.68%
ROCE 8.09%
ROIC 6.73%
ROICexc 7.45%
ROICexgc 15.86%
OM 13.24%
PM (TTM) 8.83%
GM 63.05%
FCFM 3.89%
ROA(3y)3.61%
ROA(5y)4.41%
ROE(3y)11.6%
ROE(5y)13.82%
ROIC(3y)6.28%
ROIC(5y)7.35%
ROICexc(3y)6.68%
ROICexc(5y)7.86%
ROICexgc(3y)16.07%
ROICexgc(5y)18.73%
ROCE(3y)7.55%
ROCE(5y)8.84%
ROICexgc growth 3Y-10.94%
ROICexgc growth 5Y-5.07%
ROICexc growth 3Y-10.19%
ROICexc growth 5Y-4.03%
OM growth 3Y-2.47%
OM growth 5Y2.45%
PM growth 3Y-4.31%
PM growth 5Y1.17%
GM growth 3Y-0.54%
GM growth 5Y-0.42%
F-Score6
Asset Turnover0.48
Health
Industry RankSector Rank
Debt/Equity 1
Debt/FCF 20.29
Debt/EBITDA 2.07
Cap/Depr 111.01%
Cap/Sales 22.5%
Interest Coverage 5.14
Cash Conversion 78.77%
Profit Quality 44.04%
Current Ratio 0.94
Quick Ratio 0.89
Altman-Z 1.23
F-Score6
WACC4.96%
ROIC/WACC1.36
Cap/Depr(3y)120.64%
Cap/Depr(5y)111.12%
Cap/Sales(3y)23.99%
Cap/Sales(5y)22.5%
Profit Quality(3y)45.68%
Profit Quality(5y)64.36%
High Growth Momentum
Growth
EPS 1Y (TTM)-2.1%
EPS 3Y0%
EPS 5Y3.59%
EPS Q2Q%-53.57%
EPS Next Y-3.3%
EPS Next 2Y-12.56%
EPS Next 3Y-7.91%
EPS Next 5Y-5.63%
Revenue 1Y (TTM)2.33%
Revenue growth 3Y4.82%
Revenue growth 5Y2.49%
Sales Q2Q%-11.17%
Revenue Next Year0.58%
Revenue Next 2Y-0.12%
Revenue Next 3Y0.14%
Revenue Next 5Y-0.09%
EBIT growth 1Y35.13%
EBIT growth 3Y2.23%
EBIT growth 5Y5%
EBIT Next Year192.67%
EBIT Next 3Y42%
EBIT Next 5Y24.71%
FCF growth 1Y25.5%
FCF growth 3Y-35.81%
FCF growth 5Y-25.67%
OCF growth 1Y3.78%
OCF growth 3Y-0.39%
OCF growth 5Y-0.65%

PROXIMUS / PROX.BR FAQ

What is the fundamental rating for PROX stock?

ChartMill assigns a fundamental rating of 4 / 10 to PROX.BR.


What is the valuation status of PROXIMUS (PROX.BR) stock?

ChartMill assigns a valuation rating of 7 / 10 to PROXIMUS (PROX.BR). This can be considered as Undervalued.


What is the profitability of PROX stock?

PROXIMUS (PROX.BR) has a profitability rating of 6 / 10.


What is the valuation of PROXIMUS based on its PE and PB ratios?

The Price/Earnings (PE) ratio for PROXIMUS (PROX.BR) is 5.35 and the Price/Book (PB) ratio is 0.56.


What is the earnings growth outlook for PROXIMUS?

The Earnings per Share (EPS) of PROXIMUS (PROX.BR) is expected to decline by -3.3% in the next year.