Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Proximus SA is a leading provider of digital services and communication solutions, primarily operating in Belgium and international markets. Headquartered in Brussels, it delivers fixed and mobile telephony, high-speed internet, television, and ICT services to residential customers, small businesses, and enterprises under brands like Proximus, Scarlet, Mobile Vikings, and Proximus NXT. The company serves the Benelux region through subsidiaries such as Tango in Luxembourg and Telindus in the Netherlands, while international arms including BICS, Route Mobile, and Telesign offer wholesale connectivity, authentication, and digital identity solutions. Proximus SA emphasizes gigabit networks with ongoing fibre optic rollouts and 5G deployments, alongside cybersecurity via Proximus Ada and media through Proximus Media House. Formerly Belgacom, it rebranded in 2015 and maintains a workforce of around 13,000, generating revenue from domestic telecom (about 75%) and global operations. With the Belgian State holding a majority stake since 2023, Proximus SA plays a pivotal role in fostering digital ecosystems, sustainable infrastructure, and trusted connectivity across Europe and beyond.
10.10% operating margin is respectable but not wide. ROIC at 5.64%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 2.0% YoY. The question is whether this is cyclical or a structural shift.
Net debt of €3.94B represents 13.2x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (FY)
€6.25B
▼ -2.0% YoY
Net Income (TTM)
€391M
▼ -11.2% YoY
Op. Margin
10.10%
▼ -0.7pp YoY
ROIC
5.64%
▼ -1.6pp YoY
Cash Flow & Balance Sheet
FCF (FY)
€299M
▲ +133.6% YoY
Op. Cash Flow (FY)
€445M
▼ -24.2% YoY
Net Debt
€3.94B
Cash & Equiv.
€670M
3Y CAGR: +2.2%
3Y CAGR: +2.7%
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