Proximus: The State-Backed Backup Plan with 7% Gross Yield and 15% Currency Upside.

RE
RecMag
Invested
Community Contributor
Published
22 Mar 25
Updated
01 Aug 25
RecMag's Fair Value
€17.13
57.5% undervalued intrinsic discount
01 Aug
€7.28
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1Y
16.5%
7D
0.07%

Author's Valuation

€17.1

57.5% undervalued intrinsic discount

RecMag's Fair Value

Shared on01 Aug 25

Oh boy, someone just strapped two serious 1,000+ horsepower jet engines to the boat... With room left for a minibar.

Shared on25 Jul 25

The first waves are rolling in, preparing for the storm. A clean bridge awaits its new captain.

Shared on26 Jun 25

A cleaned-up bridge and a new heading, the tide is rising, a storm is brewing, and the ship is catching a tailwind. All aboard!

Shared on19 Jun 25

Proximus Reborn: CEO Bijnens Powers Price+Cut+Transform Play — Dividend Momentum Building. ‘Surf’s up, boys.’ The wave is coming.

Shared on17 Jun 25

RecMag made no meaningful changes to valuation assumptions.

Shared on13 Jun 25
Fair value Increased 7.06%

13 June 2025, 1) Proximus sells infrastructure (Luxembourg) €111 million ($127 million). 2) Proximus Announces Sale of 92.7% Be-Mobile Stake €170 million ($195 million).

Shared on12 Jun 25

Proximus Lands €100M+ NATO Contract with Thales Proximus, in partnership with Thales, has secured a major multi-year NATO contract—estimated at over €100 million—to overhaul the alliance's core IT infrastructure. The deal runs through 2029 and positions Proximus as a key player in NATO’s digital transformation.

Shared on02 Jun 25

UPDATE – 02 June 2025: Proximus plans to sell over 60%, approximately 500 of its buildings by 2035, totaling around 500,000 square metres (5,381,955 square feet). The company aims to raise over €500 million from these sales by 2027.