Proximus
Market Cap
€5.2b
Last Updated
2020/10/26 21:41 UTC
Data Sources
Company Financials +
Executive Summary
Proximus PLC, a telecommunication and ICT company, provides telephony, Internet, television, and network-based ICT services to the residential, enterprise, and public customers in Belgium and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Average dividend payer and fair value.
Similar Companies
Share Price & News
How has Proximus's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PROX has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.3%
PROX
-1.7%
BE Telecom
-1.1%
BE Market
1 Year Return
-40.3%
PROX
-17.8%
BE Telecom
-19.7%
BE Market
Return vs Industry: PROX underperformed the Belgian Telecom industry which returned -17.5% over the past year.
Return vs Market: PROX underperformed the Belgian Market which returned -19% over the past year.
Shareholder returns
| PROX | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.3% | -1.7% | -1.1% |
| 30 Day | 4.6% | -0.9% | 1.4% |
| 90 Day | -9.7% | -5.7% | -2.7% |
| 1 Year | -37.4%-40.3% | -14.1%-17.8% | -18.4%-19.7% |
| 3 Year | -35.9%-43.6% | -11.4%-22.5% | -27.1%-31.5% |
| 5 Year | -37.1%-48.7% | -17.3%-33.1% | -21.2%-29.3% |
Price Volatility Vs. Market
How volatile is Proximus's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Zooming in on EBR:PROX's 9.2% Dividend Yield2 weeks ago | Simply Wall St
Returns On Capital Tell Us A Lot About Proximus (EBR:PROX)1 month ago | Simply Wall St
Is Proximus PLC's (EBR:PROX) Stock Price Struggling As A Result Of Its Mixed Financials?Valuation
Is Proximus undervalued compared to its fair value and its price relative to the market?
18.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PROX (€16.1) is trading below our estimate of fair value (€19.85)
Significantly Below Fair Value: PROX is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: PROX is good value based on its PE Ratio (13.1x) compared to the XE Telecom industry average (19.6x).
PE vs Market: PROX is good value based on its PE Ratio (13.1x) compared to the Belgian market (14.5x).
Price to Earnings Growth Ratio
PEG Ratio: PROX is poor value based on its PEG Ratio (2.6x)
Price to Book Ratio
PB vs Industry: PROX's PB Ratio (1.8x) is in line with the XE Telecom industry average.
Next Steps
Future Growth
How is Proximus forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
5.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PROX's forecast earnings growth (5% per year) is above the savings rate (1.6%).
Earnings vs Market: PROX's earnings (5% per year) are forecast to grow slower than the Belgian market (28.7% per year).
High Growth Earnings: PROX's earnings are forecast to grow, but not significantly.
Revenue vs Market: PROX's revenue is expected to decline over the next 3 years (-0.7% per year).
High Growth Revenue: PROX's revenue is forecast to decline over the next 3 years (-0.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PROX's Return on Equity is forecast to be low in 3 years time (18.4%).
Next Steps
Past Performance
How has Proximus performed over the past 5 years?
-2.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PROX has high quality earnings.
Growing Profit Margin: PROX's current net profit margins (7.2%) are lower than last year (9.3%).
Past Earnings Growth Analysis
Earnings Trend: PROX's earnings have declined by 2% per year over the past 5 years.
Accelerating Growth: PROX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PROX had negative earnings growth (-25.2%) over the past year, making it difficult to compare to the Telecom industry average (7.2%).
Return on Equity
High ROE: PROX's Return on Equity (14.2%) is considered low.
Next Steps
Financial Health
How is Proximus's financial position?
Financial Position Analysis
Short Term Liabilities: PROX's short term assets (€1.9B) do not cover its short term liabilities (€2.3B).
Long Term Liabilities: PROX's short term assets (€1.9B) do not cover its long term liabilities (€3.7B).
Debt to Equity History and Analysis
Debt Level: PROX's debt to equity ratio (95.1%) is considered high.
Reducing Debt: PROX's debt to equity ratio has increased from 84.3% to 95.1% over the past 5 years.
Debt Coverage: PROX's debt is well covered by operating cash flow (56%).
Interest Coverage: PROX's interest payments on its debt are well covered by EBIT (14x coverage).
Balance Sheet
Next Steps
Dividend
What is Proximus's current dividend yield, its reliability and sustainability?
9.32%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PROX's dividend (9.32%) is higher than the bottom 25% of dividend payers in the Belgian market (2.16%).
High Dividend: PROX's dividend (9.32%) is in the top 25% of dividend payers in the Belgian market (6.05%)
Stability and Growth of Payments
Stable Dividend: PROX's dividend payments have been volatile in the past 10 years.
Growing Dividend: PROX's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (81.3%), PROX's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PROX's dividends in 3 years are forecast to be covered by earnings (63.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.8yrs
Average management tenure
CEO
Guillaume Boutin (45 yo)
0.83
Tenure
Mr. Guillaume Boutin serves as Chief Executive Officer and Managing Director at Proximus PLC since December 01, 2019 and also serves as its Director since December 12, 2019. He was Interim Chief Enterprise ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | 0.83yr | no data | no data | |
| CFO ad interim | 0.75yr | no data | no data | |
| Chief Technology Officer | 8.58yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Chief Human Resources Officer | 4.42yrs | no data | no data | |
| Head of Telecom Solutions Department | no data | no data | no data | |
| Chief Customer Operations Officer | 6.42yrs | no data | no data | |
| Chief Consumer Market Officer | 0.83yr | no data | no data | |
| Chief Enterprise Market Officer | 0.25yr | no data | no data | |
| Chief Corporate Affairs Officer & Secretary General | no data | no data | no data |
0.8yrs
Average Tenure
51yo
Average Age
Experienced Management: PROX's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | 0.83yr | no data | no data | |
| Independent Director | 5.5yrs | €104.50k | no data | |
| Independent Director | 6.42yrs | €82.00k | no data | |
| Director | 5yrs | €82.00k | no data | |
| Director | 25.83yrs | €89.50k | no data | |
| Director | 25.83yrs | €99.50k | no data | |
| Independent Director | 9.75yrs | €104.50k | no data | |
| Independent Director | 4.5yrs | €84.50k | no data | |
| Independent Director | 6.42yrs | €99.50k | no data | |
| Chairman | 7.08yrs | €224.31k | no data | |
| Director | 7.08yrs | €77.00k | no data | |
| Independent Director | 1.5yrs | €69.05k | no data |
6.4yrs
Average Tenure
63.5yo
Average Age
Experienced Board: PROX's board of directors are considered experienced (6.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Proximus PLC's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Proximus PLC
- Ticker: PROX
- Exchange: ENXTBR
- Founded: 1930
- Industry: Integrated Telecommunication Services
- Sector: Telecom
- Market Cap: €5.200b
- Shares outstanding: 322.98m
- Website: https://www.proximus.com
Number of Employees
Location
- Proximus PLC
- Boulevard du Roi Albert II, 27 B
- Brussels
- Brussels
- 1030
- Belgium
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BGAO.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Mar 2004 |
| PROX | ENXTBR (Euronext Brussels) | Yes | Ordinary Shares | BE | EUR | Mar 2004 |
| BX7 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Mar 2004 |
| 0DPU | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Mar 2004 |
| PROXB | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Mar 2004 |
| PROX | SWX (SIX Swiss Exchange) | Yes | Ordinary Shares | CH | CHF | Mar 2004 |
| PROX | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Mar 2004 |
| BX7 | ETLX (Eurotlx) | Yes | Ordinary Shares | IT | EUR | Mar 2004 |
| BGAO.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADR | US | USD | Oct 2008 |
Biography
Proximus PLC, a telecommunication and ICT company, provides telephony, Internet, television, and network-based ICT services to the residential, enterprise, and public customers in Belgium and international ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/26 21:41 |
| End of Day Share Price | 2020/10/26 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.