Proximus Valuation

Is BX7 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BX7 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BX7 (€6.71) is trading above our estimate of fair value (€4.21)

Significantly Below Fair Value: BX7 is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for BX7?

Key metric: As BX7 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BX7. This is calculated by dividing BX7's market cap by their current earnings.
What is BX7's PE Ratio?
PE Ratio4.7x
Earnings€461.00m
Market Cap€2.16b

Price to Earnings Ratio vs Peers

How does BX7's PE Ratio compare to its peers?

The above table shows the PE ratio for BX7 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.1x
O2D Telefónica Deutschland Holding
22.7x-11.4%€6.2b
O2D Telefónica Deutschland Holding
26.5x-41.1%€7.2b
E4C ecotel communication ag
51.5x64.5%€47.6m
DTE Deutsche Telekom
23.7x18.8%€142.1b
BX7 Proximus
4.7x-9.2%€2.2b

Price-To-Earnings vs Peers: BX7 is good value based on its Price-To-Earnings Ratio (4.7x) compared to the peer average (31.1x).


Price to Earnings Ratio vs Industry

How does BX7's PE Ratio compare vs other companies in the European Telecom Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BX7 4.7xIndustry Avg. 18.1xNo. of Companies7PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BX7 is good value based on its Price-To-Earnings Ratio (4.7x) compared to the European Telecom industry average (18.1x).


Price to Earnings Ratio vs Fair Ratio

What is BX7's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BX7 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.7x
Fair PE Ratio19.1x

Price-To-Earnings vs Fair Ratio: BX7 is good value based on its Price-To-Earnings Ratio (4.7x) compared to the estimated Fair Price-To-Earnings Ratio (19.1x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BX7 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€6.71
€8.86
+32.2%
27.0%€14.00€6.00n/a17
Nov ’25€6.65
€8.86
+33.3%
27.0%€14.00€6.00n/a17
Oct ’25€6.99
€8.85
+26.7%
25.1%€14.00€6.10n/a17
Sep ’25€6.83
€8.95
+31.2%
24.1%€14.00€6.30n/a17
Aug ’25€6.57
€9.08
+38.2%
22.5%€14.00€6.60n/a17
Jul ’25€7.57
€9.41
+24.3%
22.2%€14.00€6.60n/a16
Jun ’25€7.21
€9.36
+29.9%
22.7%€14.00€6.60n/a16
May ’25€6.89
€9.51
+38.0%
21.2%€14.00€6.60n/a16
Apr ’25€7.38
€9.58
+29.8%
20.7%€14.00€6.60n/a16
Mar ’25€7.77
€9.96
+28.2%
18.3%€14.00€6.60n/a16
Feb ’25€8.71
€9.98
+14.6%
17.8%€14.00€6.60n/a16
Jan ’25€8.50
€9.73
+14.5%
19.1%€14.00€6.60n/a16
Dec ’24€8.82
€9.72
+10.2%
20.0%€14.00€6.60n/a16
Nov ’24€7.75
€9.72
+25.5%
20.0%€14.00€6.60€6.6516
Oct ’24€7.58
€9.81
+29.4%
22.2%€14.00€6.60€6.9916
Sep ’24€7.02
€9.83
+39.9%
22.4%€14.00€6.60€6.8316
Aug ’24€6.80
€9.92
+45.8%
21.1%€14.00€7.30€6.5716
Jul ’24€6.86
€9.99
+45.6%
21.2%€14.00€7.30€7.5715
Jun ’24€7.23
€10.13
+40.1%
20.3%€14.00€7.30€7.2115
May ’24€7.80
€10.43
+33.7%
18.9%€14.00€7.50€6.8915
Apr ’24€8.89
€10.44
+17.5%
17.9%€14.00€7.50€7.3816
Mar ’24€8.69
€10.58
+21.7%
17.0%€14.00€7.50€7.7716
Feb ’24€9.46
€10.70
+13.1%
14.9%€14.00€8.80€8.7116
Jan ’24€9.01
€11.85
+31.5%
21.1%€18.00€8.80€8.5016
Dec ’23€10.37
€12.60
+21.5%
24.5%€20.00€8.80€8.8216
Nov ’23€10.61
€12.93
+21.9%
24.2%€20.00€8.80€7.7516

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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