Proximus PLC

ENXTBR:PROX Stock Report

Market Cap: €2.1b

Proximus Future Growth

Future criteria checks 0/6

Proximus's revenue and earnings are forecast to decline at 0.5% and 3.5% per annum respectively. EPS is expected to decline by 3.7% per annum. Return on equity is forecast to be 6.6% in 3 years.

Key information

-3.5%

Earnings growth rate

-3.73%

EPS growth rate

Telecom earnings growth19.2%
Revenue growth rate-0.5%
Future return on equity6.64%
Analyst coverage

Good

Last updated28 Apr 2026

Recent future growth updates

Proximus PLC Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Jul 28
Proximus PLC Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Recent updates

PROX: Overweight View Will Hinge On 2026 Governance And Strategy Meetings

Analysts have made a small adjustment to their fair value estimate for Proximus to €8.11, reflecting slightly updated assumptions on discount rate, profit margin and future P/E that leave the overall valuation view broadly unchanged. What's in the News Proximus has scheduled a Special or Extraordinary Shareholders Meeting for April 15, 2026 at 09:30 Romance Standard Time, which may cover key corporate decisions affecting the capital structure or governance (Key Developments).

PROX: Overweight View Will Rely On Upcoming Strategy Update For Upside

The analyst price target for Proximus has been nudged slightly lower to reflect an updated fair value of about €8.12 per share, compared with about €8.15 previously, as analysts factor in more cautious assumptions on revenue growth, profit margins, and a modestly higher future P/E multiple. What's in the News Proximus has scheduled a Special or Extraordinary Shareholders Meeting for April 15, 2026, at 09:30 Romance Standard Time.

PROX: Overweight View Will Rely On Revised P/E Assumptions For Upside

Analysts have inched up their price target on Proximus to €10.90 from €10.88, reflecting updated assumptions on fair value, discount rates, revenue growth, profit margins and future price-to-earnings (P/E) expectations. Analyst Commentary JPMorgan has nudged its price target slightly higher to €10.90 and kept an Overweight rating, which points to a generally supportive stance on Proximus, while still highlighting areas investors may want to watch closely.

PROX: Overweight Stance And Refined Assumptions Will Shape Measured Return Outlook

Analysts have nudged their price target for Proximus slightly higher to €10.90 from €10.88, reflecting updated views on revenue growth assumptions, profit margins, and a modest recalibration of the discount rate and future P/E expectations. Analyst Commentary Bullish Takeaways Bullish analysts see the lift in the target price to €10.90 as a sign that their updated revenue and margin assumptions still support upside potential versus current trading levels.

PROX: Overweight View And Fine Tuned Assumptions Will Shape Balanced Return Expectations

Narrative Update on Proximus The analyst price target for Proximus has been adjusted slightly higher from €10.88 to €10.90, as analysts factor in updated assumptions on discount rates, revenue growth, profit margins and future P/E. Analyst Commentary Recent commentary around Proximus is fairly incremental, with the price target move from €10.88 to €10.90 reflecting fine tuning of assumptions rather than a major shift in view.

8.2939: The "US Dollar" Multiplier

U.S. mega-cap tech is seeking European "value" stocks as part of a broader global story. U.S. capital is rotating out of high-valuation tech and a soft dollar, seeking refuge in high-yield European and Asian assets.

8.1776: Clocks ticking

27 February 2026 – 07:00 CET... is coming.

PROX: Overweight Stance And Refined Assumptions Will Guide Measured Future Upside Potential

Analysts have nudged their price target for Proximus slightly higher to €10.90 from €10.88, citing updated assumptions around discount rates, revenue, profit margins and future P/E expectations. Analyst Commentary Bullish Takeaways The small lift in the price target to €10.90 signals that bullish analysts are comfortable refining their models rather than making sweeping changes, which can suggest a more measured view of valuation.

7.9982: The Sovereign Anchor is Set

Look deeper, sleepy, did you miss the variable? Disclaimer: This is not financial advice.

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

Silent war between giants: liquidity regime shift detected Feb 27 is coming On 03/02/2026 , Proximus executed 904,248 shares on Euronext Brussels, nearly 4× recent average volume , while price advanced and held above the prior resistance zone (~€7.70). This was not momentum chasing.

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

Forget Telecom — Proximus: Europe’s Embedded Cyber Infrastructure Partner Proximus has transformed into a mission-critical, contract-backed partner for NATO, Belgium , and the Defence Cyber Force , with long-term revenue locked in for 7–8 years. It is now deeply embedded in national and alliance digital operations , operationally significant, and positioned for measured, low-risk expansion.

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

Proximus Stock: Watch the Tide Closely Market surfers are watching potential big waves on the horizon around 2027–2029 , where currents could shift, and liquidity might rise like a tide. For those scanning the swell carefully, the offshore tide is clearly gathering strength, and the surge could be significant.

PROX: Overweight Rating And Refined Assumptions Will Shape Measured Upside Case

Narrative Update: Proximus Analysts have inched their price target on Proximus up by €0.02 to €10.90, citing updated assumptions on fair value, discount rate, revenue growth, profit margins and future P/E that align with recent Street research. Analyst Commentary JPMorgan's move to lift its price target on Proximus to €10.90, while maintaining an Overweight stance, gives you a sense of how at least one major house is framing the risk and reward here.

Capital Allocation Trends At Proximus (EBR:PROX) Aren't Ideal

Jan 21
Capital Allocation Trends At Proximus (EBR:PROX) Aren't Ideal

PROX: Updated Discount Rate And Overweight Stance Will Support Future Repricing Potential

Narrative Update on Proximus Analysts have slightly increased their average price target for Proximus by €0.02 to €10.90, citing updated fair value and discount rate assumptions that align with recent research changes. Analyst Commentary The modest move in the average price target to €10.90, including the slight adjustment from €10.88 by JPMorgan, gives you a clearer sense of how analysts are balancing potential upside with execution risks at Proximus.

Is Proximus (EBR:PROX) Using Too Much Debt?

Dec 31
Is Proximus (EBR:PROX) Using Too Much Debt?

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.

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.

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

Guided by veteran pilots with a track record of delivering results , Proximus appears ready to steer through its next phase, maintaining control as it adjusts course toward efficiency and sustainable growth. * Proximus increases prices by €2–€4 per month starting January 1, 2026 * Proximus Global CEO: Mr. Seçkin Arikan starts on November 1st, 2025 * IPO momentum builds in Benelux telecom, 14 October 2025 * Why only 11% of Belgians use fibre technology, 14 October 2025 * Proximus Global CEO: Mr. Seçkin Arikan starts on November 1st, 2025: "I look forward to working with the talented teams around the world to drive innovation in digital communications, enhance customer experiences, and deliver sustainable growth.

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

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.

Improved Earnings Required Before Proximus PLC (EBR:PROX) Shares Find Their Feet

Oct 31
Improved Earnings Required Before Proximus PLC (EBR:PROX) Shares Find Their Feet

Fiber Network Expansion Will Attract Customers, But Competition From Digi May Squeeze Margins

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.

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

"This is not financial advice. All views expressed are personal interpretations of publicly available information and are not predictions or recommendations." Two veteran jetfighter pilots.

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

Antonietta Mastroianni, Digital & IT Lead, has decided to leave Proximus IPO momentum builds in Benelux telecom Why only 11% of Belgians use fibre technology "This is not financial advice. All views expressed are personal interpretations of publicly available information."

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

No time for coffee, we’ve left the harbor. Proximus Global is not sailing; it’s taxiing down the runway.

Fiber Network Expansion Will Attract Customers, But Competition From Digi May Squeeze Margins

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.

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

Proximus Global CEO: Mr. Seçkin Arikan starts on November 1st. 2025 Cockpit crew incoming, turbos and nitrous about to engage.

Proximus PLC Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Jul 28
Proximus PLC Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Lacklustre Performance Is Driving Proximus PLC's (EBR:PROX) Low P/E

Jul 25
Lacklustre Performance Is Driving Proximus PLC's (EBR:PROX) Low P/E

Here's Why Proximus (EBR:PROX) Has A Meaningful Debt Burden

Jul 03
Here's Why Proximus (EBR:PROX) Has A Meaningful Debt Burden

📈 HIMS' Asymmetric Opportunity, JIN’s Overlooked Strengths, and PROX's Possible Re-Rating

May 21
📈 HIMS' Asymmetric Opportunity, JIN’s Overlooked Strengths, and PROX's Possible Re-Rating

Calculating The Intrinsic Value Of Proximus PLC (EBR:PROX)

Apr 23
Calculating The Intrinsic Value Of Proximus PLC (EBR:PROX)

Proximus (EBR:PROX) May Have Issues Allocating Its Capital

Apr 05
Proximus (EBR:PROX) May Have Issues Allocating Its Capital

Proximus Q4 2024: Solid Performance Amidst Competition and Leadership Transition

Scarlet (2008): In 2008, Belgacom (later rebranded as Proximus in 2014) acquired Scarlet NV, a Belgian telecom operator focused on low-cost services.

Proximus PLC (EBR:PROX) Stock Catapults 25% Though Its Price And Business Still Lag The Market

Mar 12
Proximus PLC (EBR:PROX) Stock Catapults 25% Though Its Price And Business Still Lag The Market
User avatar

Future Cost Savings And A €100 Million Cybersecurity Deal May Benefit Earnings, But Competition From Digi Poses Risks

Strategic cost-efficiency and automation efforts are expected to improve net margins and earnings, despite cost pressures.

Is Proximus (EBR:PROX) A Risky Investment?

Feb 14
Is Proximus (EBR:PROX) A Risky Investment?

The Returns On Capital At Proximus (EBR:PROX) Don't Inspire Confidence

Jan 03
The Returns On Capital At Proximus (EBR:PROX) Don't Inspire Confidence

Proximus PLC's (EBR:PROX) Earnings Are Not Doing Enough For Some Investors

Nov 20
Proximus PLC's (EBR:PROX) Earnings Are Not Doing Enough For Some Investors

Are Proximus PLC (EBR:PROX) Investors Paying Above The Intrinsic Value?

Oct 21
Are Proximus PLC (EBR:PROX) Investors Paying Above The Intrinsic Value?

There Are Reasons To Feel Uneasy About Proximus' (EBR:PROX) Returns On Capital

Aug 20
There Are Reasons To Feel Uneasy About Proximus' (EBR:PROX) Returns On Capital

Proximus PLC Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Jul 29
Proximus PLC Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Proximus (EBR:PROX) Has A Somewhat Strained Balance Sheet

Jul 19
Proximus (EBR:PROX) Has A Somewhat Strained Balance Sheet

Lacklustre Performance Is Driving Proximus PLC's (EBR:PROX) Low P/E

Jun 22
Lacklustre Performance Is Driving Proximus PLC's (EBR:PROX) Low P/E

Earnings Beat: Proximus PLC Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

May 01
Earnings Beat: Proximus PLC Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Should Shareholders Reconsider Proximus PLC's (EBR:PROX) CEO Compensation Package?

Apr 11
Should Shareholders Reconsider Proximus PLC's (EBR:PROX) CEO Compensation Package?

Proximus PLC (EBR:PROX) Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?

Feb 28
Proximus PLC (EBR:PROX) Just Reported Yearly Earnings: Have Analysts Changed Their Mind On The Stock?

The Returns On Capital At Proximus (EBR:PROX) Don't Inspire Confidence

Jan 21
The Returns On Capital At Proximus (EBR:PROX) Don't Inspire Confidence

Benign Growth For Proximus PLC (EBR:PROX) Underpins Its Share Price

Jan 03
Benign Growth For Proximus PLC (EBR:PROX) Underpins Its Share Price

These 4 Measures Indicate That Proximus (EBR:PROX) Is Using Debt Extensively

Oct 23
These 4 Measures Indicate That Proximus (EBR:PROX) Is Using Debt Extensively

These Return Metrics Don't Make Proximus (EBR:PROX) Look Too Strong

Oct 01
These Return Metrics Don't Make Proximus (EBR:PROX) Look Too Strong

Earnings and Revenue Growth Forecasts

ENXTBR:PROX - Analysts future estimates and past financials data (EUR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20286,1983301351,5438
12/31/20276,1803281081,50411
12/31/20266,1133001901,5269
12/31/20256,2483982991,615N/A
9/30/20256,3674732531,633N/A
6/30/20256,4525692531,705N/A
3/31/20256,5094842201,662N/A
12/31/20246,3764471281,602N/A
9/30/20246,2224611951,601N/A
6/30/20246,1153601321,542N/A
3/31/20246,0103631451,567N/A
12/31/20235,9933571671,620N/A
9/30/20236,0203491981,637N/A
6/30/20235,9973952001,641N/A
3/31/20235,9434241451,606N/A
12/31/20225,8544502761,717N/A
9/30/20225,7334561311,509N/A
6/30/20225,6324461751,502N/A
3/31/20225,5654423441,594N/A
12/31/20215,5374434841,621N/A
9/30/20215,4914663721,574N/A
6/30/20215,4605074661,627N/A
3/31/20215,4205334481,572N/A
12/31/20205,4435644261,515N/A
9/30/20205,5024255471,592N/A
6/30/20205,5373974761,571N/A
3/31/20205,6163925691,619N/A
12/31/20195,6383735641,655N/A
9/30/20195,658527N/A1,728N/A
6/30/20195,694531N/A1,696N/A
3/31/20195,738518N/A1,636N/A
1/1/20195,764508N/A1,558N/A
9/30/20185,772520N/A1,495N/A
6/30/20185,772527N/A1,494N/A
3/31/20185,734527N/A1,422N/A
1/1/20185,739522N/A1,470N/A
9/30/20175,751510N/A1,417N/A
6/30/20175,795529N/A1,448N/A
3/31/20175,839530N/A1,543N/A
12/31/20165,829523N/A1,521N/A
9/30/20165,836537N/A1,427N/A
6/30/20165,856447N/A1,433N/A
3/31/20165,898465N/A1,506N/A
12/31/20155,944482N/A1,386N/A
9/30/20155,960443N/A1,555N/A
6/30/20155,941531N/A1,495N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PROX's earnings are forecast to decline over the next 3 years (-3.5% per year).

Earnings vs Market: PROX's earnings are forecast to decline over the next 3 years (-3.5% per year).

High Growth Earnings: PROX's earnings are forecast to decline over the next 3 years.

Revenue vs Market: PROX's revenue is expected to decline over the next 3 years (-0.5% per year).

High Growth Revenue: PROX's revenue is forecast to decline over the next 3 years (-0.5% 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 (6.6%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/05 00:08
End of Day Share Price 2026/05/05 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Proximus PLC is covered by 23 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jonathan DannBarclays
Ganesha NageshaBarclays
Paul SidneyBerenberg