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Prosus N.V. (PRX) Fair Value & Analysis

Consumer Cyclical · NL · Market cap €84.5B · ISIN NL0013654783

What is Prosus N.V. really worth?

PN Prosus N.V. PRX · AS
Price€37.13
Fair Value€71.18
Upside+91.7%
Quality68/100

A solid business, trading 48% below our fair value of €71.18.

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Strengths

Highly profitable · 119.9% net margin
Low debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y +13.5 %/yr)
!Mixed vs. peers (6/14)
!Moderate moat 60/100
!Evidence only medium, so the estimate is less certain
!Weak on dividend: 15 out of 100

For context

·0.75% dividend yield
Evidence: Medium Range €53.38 – €88.97

Fair value as of: Aug 31, 2026

From 21 valuation models · updated 5 days ago

Share price −10.7% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price is below even our cautious bear case (€53.38). The market is more pessimistic than our downside scenario.
  • Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

€62.19 €18.19 Fair Value €71.18 Jul 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 31, 2026.

How to read this chart

60‑month range €18.19 – €62.19 · fair‑value band €53.38 – €88.97 · the €37.13 price screens below the €71.18 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 31, 2026.

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Analysis

Prosus N.V. (PRX) currently trades at €37.13, while our model-based Fair Value estimate is €71.18, implying the stock looks roughly 47.8% undervalued today. The Quality Score stands at 68/100 (solid quality), in the Consumer Cyclical sector. Bull case: the Growth Earnings group reads highest at a median of €177.51 per share, and 10 of the 21 models we run sit above the €37.13 price. Bear case: the DCF Models group reads lowest at €7.69, and 11 of the 21 models stay below the price. Evidence for this calculation is medium.

Trailing-twelve-month revenue stands at €6.8B. Revenue grew 22.3% year over year. It earns a return on equity of 26.0%. Net debt stands at €10.9B. Fundamentals as of Aug 31, 2026

Our scenario range runs from €53.38 (bear case) to €88.97 (bull case); at €37.13, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 42% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −50% fair-value upside, at 92%, PRX screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly €1.85 per share, which is 2.6 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF €7.83 €14.63 €36.30 72
Growth DCF €7.12 €16.72 €36.12 72
Owner Earnings €81.59 €190.81 €420.10 70
All 21 models by family
DCF Models
FCF DCF €7.83 €14.63 €36.30 72
Owner Earnings €81.59 €190.81 €420.10 70
5Y Revenue Exit €0.2600 €1.90 €5.23 62
5Y EBITDA Exit €0.6800 €2.75 €6.75 66
5Y P/E Exit €66.84 €174.20 €323.91 66
10Y Revenue Exit €2.47 €6.79 €8.45 66
10Y EBITDA Exit €2.83 €7.69 €15.00 63
10Y P/E Exit €51.11 €150.16 €320.90 58
Earnings-Based
Graham-Dodd €36.90 €257.36 €361.16 63
Lynch FV €95.01 €135.73 €176.44 61
PEG = 1.0 €95.01 €135.73 €176.44 57
Dividend Discount
Gordon GGM €2.18 €4.52 €7.18 66
DDM Multi-Stage €2.18 €3.81 €4.75 66
Multiples
P/E Multiple €89.54 €119.39 €149.24 63
P/S Multiple €11.88 €15.84 €19.81 58
P/B Multiple €66.23 €88.30 €110.38 55
Asset-Based
NCAV (Graham) €12.61 €16.90 €25.23 54
Growth DCF
Growth DCF €7.12 €16.72 €36.12 72
Rev-Margin DCF €0.2600 €2.79 €7.44 62
Economic Profit
Residual Income €37.72 €54.22 €348.80 64
Growth Earnings
Growth-Adj P/E €124.26 €177.51 €230.77 67

Widest divergence: Growth Earnings (€177.51) versus Growth DCF (€2.79). Highest evidence: FCF DCF (72).

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Key figures & financial health

P/E ratio 8.1
P/S ratio 9.69 P/E × margin
EPS (TTM) €4.59 price ÷ EPS = P/E 8.1
Dividend yield 0.8% payout 6.1%
Net margin 120% FY2026
Return on equity 22.2% TTM
More key figures
Profitability
Return on assets (EBIT) −0.7% avg 5y
Operating margin 1.5% TTM
Growth
Revenue (TTM) €9.7B TTM
Revenue growth (YoY) +22.3% 3y avg +18.7%
EPS growth (YoY) +95.0%
Balance sheet & cash flow
Free cash flow €1.5B FY2026
Net debt €10.9B FY2026 · ≈ 7.3 yrs of FCF

Figures from reported company fundamentals · as of Aug 31, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 65 · Market factors (momentum, volatility) 31

Profitability 54
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 57
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Prosus N.V. engages in the e-commerce and internet businesses in Asia, Europe, Latin America, North America, and internationally. It operates internet platforms, such as classifieds, payments and fintech, food delivery, education technology, Etail, ventures, tencent, and other platforms. It also provides online food delivery service.

Full company description

Prosus N.V. engages in the e-commerce and internet businesses in Asia, Europe, Latin America, North America, and internationally. It operates internet platforms, such as classifieds, payments and fintech, food delivery, education technology, Etail, ventures, tencent, and other platforms. It also provides online food delivery service. The company was formerly known as Myriad International Holdings N.V. and changed its name to Prosus N.V. in August 2019. Prosus N.V. was incorporated in 1994 and is headquartered in Amsterdam, the Netherlands. Prosus N.V. operates as a subsidiary of Prosus N.V.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Prosus N.V. reported revenue of $9.6B in FY2026 versus $6.9B in FY2022, a compound +8.9%/yr. Reported net income was $11.6B in FY2026, compounding −11.4%/yr from FY2022.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
€9.6B
Latest YoY
+56.2%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+18.7%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.5%
Avg. revenue growth/yr (15Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+58.4%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+38.4% (37.6 + 0.8)
Revenue +8.9%/yr
FY22 $6.9B
FY23 $5.8B
FY24 $5.5B
FY25 $6.2B
FY26 $9.6B
Net income −11.4%/yr
FY22 $18.7B
FY23 $10.1B
FY24 $6.6B
FY25 $12.4B
FY26 $11.6B

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Cite: Fair Value Calculator (2026). "Prosus N.V. Fair Value". https://www.fairvalue-calculator.com/stock/PRX

Peer Group

Internet Retail · 103 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 68 · Top 25%
Fair Value upside +92% · Top 25%
Return on equity (TTM) 22% · Top 25%
Return on assets 0% · Below median
Net margin (TTM) 120% · Top 25%
Operating margin (TTM) 1% · Below median
Revenue growth 22% · Top 25%
Dividend yield (TTM) 0.8% · Below median
Debt / equity 0.28× · Higher than median

Valuation Multiples vs Internet Retail median · lower = cheaper

P/E (TTM) 8.1× · Cheaper than 75% of peers
P/B 1.83× · Pricier than median
P/S (TTM) 10.12× · Pricier than 75% of peers
P/FCF 65.4× · Pricier than 75% of peers
PEG 4.46× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 23
FUTURE100 · sector 52
PAST89 · sector 12
HEALTH86 · sector 94
DIVIDEND15 · sector 38

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Internet Retail stocks, each showing price versus our Fair Value estimate (as of Aug 31, 2026).

Stock Price Fair Value vs Fair Value
Amazon.com, Inc AMZN $256.26 $127.67 −50%
Alibaba Group 89988 HK$97.45 HK$48.38 −50%
PDD Holdings PDD $85.69 $225.48 +163%
MercadoLibre, Inc MELI $1,966 $798.98 −59%
DoorDash, Inc DASH $222.00 $38.64 −83%
Sea Limited SE $118.32 $52.70 −55%
JD.com, Inc 89618 ¥95.45 ¥73.98 −22%
eBay Inc EBAY $105.62 $60.13 −43%
Coupang, Inc CPNG $16.32 $2.79 −83%
Delivery Hero SE DHER €37.05 €12.71 −66%

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Frequently asked questions

Is Prosus N.V. (PRX) overvalued or undervalued?
As of Aug 31, 2026, our model estimates a fair value of €71.18 versus a price of €37.13, about +92% upside (undervalued).
What is the fair value of PRX?
Our model-based fair value for Prosus N.V. is €71.18 (as of Aug 31, 2026), built from audited fundamentals. The current price: €37.13.
What is the quality score of PRX?
Prosus N.V. has a Quality Score of 68/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Prosus N.V. (PRX)?
Prosus N.V. reported trailing-twelve-month revenue of about €6.8B (latest available figure, as of Aug 31, 2026).
What is the net profit margin of PRX?
The net profit margin of Prosus N.V. is about 196.4%, meaning it keeps roughly 196.4% of revenue as net income. Based on the latest reported figures.
Does Prosus N.V. pay a dividend?
Prosus N.V. currently shows a dividend yield of about 0.75% relative to its recent price (as of Aug 31, 2026).
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