PROX: Measured Outlook Will Weigh On Upside Potential Despite Fair Value

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

02 Mar 25

Updated

17 Dec 25

Views

237

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

40.2%

7D

-0.6%

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1Y

40.2%

7D

-0.6%

You can edit this narrative until Dec 18 9:05 PM. Then, changes will post as Updates.

Author's Valuation

€8.1313.8% undervalued

AnalystConsensusTarget Fair Value

Shared on 17 Dec 25

Fair value Decreased 0.77%

PROX: Improved Cash Generation Will Support Greater Financial Resilience Amid Fiber Execution

Analysts have reduced their price target on Proximus by approximately €0.06 per share, reflecting slightly lower expectations for long term revenue growth and margins, while maintaining a broadly stable view on future valuation multiples. Analyst Commentary Analysts characterize the modest target cut as a fine tuning of assumptions rather than a reset of the Proximus equity story, with views remaining balanced between execution opportunities and structural headwinds.

Shared on 16 Nov 25

Fair value Increased 0.19%

PROX: Improved Profit Margins Will Support Greater Financial Resilience Ahead

The analyst price target for Proximus has been modestly increased from €8.18 to €8.19. This change reflects updated forecasts from analysts who now anticipate stronger revenue growth and slightly improved profit margins.

Shared on 01 Nov 25

Analysts have revised their price target for Proximus, maintaining fair value near €8.18. However, they caution that slower forecasted revenue growth and a higher discount rate point to more conservative expectations for future performance.

Shared on 18 Oct 25

Analysts have modestly increased their price target for Proximus. Factors such as a slightly higher discount rate and revised, softer expectations for revenue growth and profit margin have informed a new fair value estimate of €8.18 per share.

Shared on 04 Oct 25

Fair value Decreased 2.21%

Analysts have lowered their price target for Proximus from €8.36 to €8.18. They cite concerns about decelerating revenue growth and a slightly higher discount rate reflected in recent research updates.

Shared on 29 Jul 25

Fair value Increased 11%

Upward revisions to both revenue growth and net profit margin forecasts have driven an increase in the consensus analyst price target for Proximus from €7.55 to €8.36. What's in the News Proximus partnered with castLabs and 3 Screen Solutions to enhance its Pickx entertainment platform with a React Native-powered player, aiming for faster development, cost efficiency, and simultaneous feature rollout across devices.

Shared on 23 Apr 25

Fair value Decreased 0.26%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Decreased 0.26%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

Fair value Increased 1.20%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 12 Mar 25

Fair value Decreased 4.86%

AnalystConsensusTarget has increased revenue growth from 1.5% to 2.1% and decreased future PE multiple from 9.6x to 8.0x.

AnalystConsensusTarget Fair Value

€8.13

13.8% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

0.07%

Telecom Services and Carriers revenue growth rate

2.27%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

9.47%

Calculation

€376.90m

Earnings '28

x

9.09x

PE Ratio '28

=

€3.42b

Market Cap '28

€3.42b

Market Cap '28

/

323.86m

No. shares '28

=

€10.57

Share Price '28

€10.57 Share Price '28

Discounted to 2025 @ 9.25% p.a.

=

€8.11

Fair Value '25