PROXIMUS (PROX.BR) Fundamental Analysis & Valuation

EBR:PROX • BE0003810273

7.635 EUR
-0.15 (-1.86%)
Last: Mar 6, 2026, 07:00 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

PROX gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 30 industry peers in the Diversified Telecommunication Services industry. While PROX is still in line with the averages on profitability rating, there are concerns on its financial health. 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.
  • In the past year PROX had a positive cash flow from operations.
  • Each year in the past 5 years PROX has been profitable.
  • PROX had a positive operating cash flow in each of the past 5 years.
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 2025 500M 1B 1.5B

1.2 Ratios

  • PROX has a Return On Assets of 4.24%. This is in the better half of the industry: PROX outperforms 66.67% of its industry peers.
  • PROX has a better Return On Equity (12.68%) than 66.67% of its industry peers.
  • With a Return On Invested Capital value of 6.73%, PROX perfoms like the industry average, outperforming 56.67% of the companies in the same 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 2025 5 10 15

1.3 Margins

  • PROX has a Profit Margin of 8.83%. This is in the better half of the industry: PROX outperforms 63.33% of its industry peers.
  • PROX's Profit Margin has been stable in the last couple of years.
  • With a Operating Margin value of 13.24%, PROX perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
  • In the last couple of years the Operating Margin of PROX has grown nicely.
  • The Gross Margin of PROX (63.05%) is better than 70.00% of its industry peers.
  • In the last couple of years the Gross Margin of PROX has remained more or less at the same level.
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 2025 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. PROX.BR Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so PROX is still creating some value.
  • There is no outstanding debt for PROX. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
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 1.24. This is a bad value and indicates that PROX is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of PROX (1.24) is comparable to the rest of the 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.
  • PROX has a worse Debt to FCF ratio (20.29) than 63.33% of its industry peers.
  • A Debt/Equity ratio of 1.00 indicates that 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 1.24
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 2025 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.
  • PROX has a better Current ratio (0.94) than 76.67% of its industry peers.
  • PROX has a Quick Ratio of 0.94. This is a bad value and indicates that PROX is not financially healthy enough and could expect problems in meeting 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

1

3. PROX.BR Growth Analysis

3.1 Past

  • PROX shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.10%.
  • The Earnings Per Share has been growing slightly by 3.59% on average over the past years.
  • PROX shows a small growth in Revenue. In the last year, the Revenue has grown by 2.33%.
  • PROX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.49% yearly.
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

  • PROX is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -5.63% yearly.
  • 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

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • 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

  • With a Price/Earnings ratio of 5.45, the valuation of PROX can be described as very cheap.
  • Compared to the rest of the industry, the Price/Earnings ratio of PROX indicates a rather cheap valuation: PROX is cheaper than 96.67% of the companies listed in the same industry.
  • PROX is valuated cheaply when we compare the Price/Earnings ratio to 26.29, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 7.24, the valuation of PROX can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, PROX is valued cheaply inside the industry as 93.33% of the companies are valued more expensively.
  • PROX is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.57, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 5.45
Fwd PE 7.24
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

  • Based on the Enterprise Value to EBITDA ratio, PROX is valued cheaper than 100.00% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, PROX is valued a bit cheaper than the industry average as 73.33% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 10.28
EV/EBITDA 3.08
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)1.52
EPS Next 2Y-12.56%
EPS Next 3Y-7.91%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. PROX.BR Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.40%, PROX is a good candidate for dividend investing.
  • PROX's Dividend Yield is a higher than the industry average which is at 3.04.
  • Compared to an average S&P500 Dividend Yield of 1.82, PROX pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.4%

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

  • 33.86% of the earnings are spent on dividend by PROX. This is a low number and sustainable payout ratio.
  • PROX's earnings and Dividend Rate are 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 2025 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 (3/6/2026, 7:00:00 PM)

7.635

-0.15 (-1.86%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)02-27
Earnings (Next)05-08
Inst Owners13.53%
Inst Owner ChangeN/A
Ins Owners5.12%
Ins Owner ChangeN/A
Market Cap2.58B
Revenue(TTM)6.37B
Net Income(TTM)570.00M
Analysts69
Price Target8 (4.78%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.4%
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 5.45
Fwd PE 7.24
P/S 0.4
P/FCF 10.28
P/OCF 1.52
P/B 0.57
P/tB N/A
EV/EBITDA 3.08
EPS(TTM)1.4
EY18.34%
EPS(NY)1.06
Fwd EY13.82%
FCF(TTM)0.74
FCFY9.73%
OCF(TTM)5.04
OCFY65.99%
SpS19.09
BVpS13.3
TBVpS-1.66
PEG (NY)N/A
PEG (5Y)1.52
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 1.24
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 5.45 and the Price/Book (PB) ratio is 0.57.


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.