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1. Company Snapshot

1.a. Company Description

Prosus N.V. engages in the e-commerce and internet businesses.The company operates internet platforms, such as classifieds, payments and fintech, food delivery, travel, education technology, etail, health, ventures, social, and other internet platforms.It has operations in Latin and North America, the Middle East, Africa, Europe, Asia, and internationally.


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. is a subsidiary of Naspers Limited.

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1.b. Last Insights on PRX

Prosus N.V.'s recent performance was driven by a series of positive developments. The company's upgrade to a Zacks Rank #2 (Buy) in March 2025 reflects growing optimism about its earnings prospects. Additionally, Goldman Sachs resumed coverage of Prosus with a Buy rating and EUR 56 price target, citing the company's attractive fundamental growth and profitability outlook. The proposed acquisition of Just Eat Takeaway.com for €4.1 billion in February 2025 is expected to create a European food delivery champion, further solidifying Prosus' position in the market.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Nebius leverages Microsoft, Meta contracts for AI expansion 

Dec -03

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Just Eat founding boss Jitse Groen stepping down months after takeover

Dec -02

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Why Prosus' (AMS:PRX) Earnings Are Weaker Than They Seem

Dec -01

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SoftBank stays in as Meesho $606M IPO becomes India’s first major e-commerce listing

Nov -28

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Should You Rethink Prosus After Its 11.7% Drop This Month?

Nov -27

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Tech Investor Prosus Posts Higher Profit, Driven by Tencent Holding

Nov -24

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OLX Group Reports Record Profitability with 49% Margin and Strong 22% Revenue Growth

Nov -24

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Prosus' half-year core profit nearly doubles amid e-commerce pivot

Nov -24

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (13.08%)

6. Segments

Ecommerce - Etail

Expected Growth: 11.4%

Prosus N.V.’s online retail businesses will drive growth, fueled by increasing e-commerce adoption, expanding product offerings, and logistical advancements, as well as growing demand for fashion and electronics.

Ecommerce - Classifieds

Expected Growth: 14.1%

Growing e-commerce adoption, proliferation of mobile devices, and increasing popularity of online marketplaces drive segment growth. Prosus N.V.’s diversified presence across various categories strengthens its market position.

Ecommerce - Food Delivery

Expected Growth: 11.4%

Growing demand for convenience, increasing internet penetration, and rising adoption of mobile payments are driving the growth of online food ordering and delivery services, particularly in emerging markets where Prosus N.V. has a strong presence.

Ecommerce - Payments and Fintech

Expected Growth: 16.5%

Prosus' online payment systems and financial technologies are poised for growth driven by increasing digital payments adoption, expanding emerging markets, and innovation in mobile payments and e-wallets.

Ecommerce - Edtech

Expected Growth: 20.5%

Prosus N.V.'s growth is driven by increasing demand for online education and e-commerce, expansion into emerging markets, and strategic acquisitions.

Ecommerce - Other

Expected Growth: 15.2%

Prosus’ ecommerce businesses will grow driven by increasing online shopping penetration, expansion into new markets and rising demand for digital payment solutions.

7. Detailed Products

Food Delivery

Prosus N.V. offers food delivery services through its subsidiaries, allowing customers to order food from various restaurants and have it delivered to their doorstep.

Online Marketplaces

Prosus N.V. operates online marketplaces that connect buyers and sellers, enabling them to buy and sell goods and services.

Payment and Fintech

Prosus N.V. provides payment and fintech solutions, enabling users to make online payments, transfer money, and access financial services.

Education Technology

Prosus N.V. offers education technology solutions, providing online learning platforms and resources for students and educators.

Classifieds

Prosus N.V. operates classifieds platforms, enabling users to buy and sell goods and services, find jobs, and access other classifieds listings.

Venture Capital

Prosus N.V. invests in startups and early-stage companies, providing funding and support to help them grow and scale.

8. Prosus N.V.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Prosus N.V. is moderate due to the presence of alternative investment options for investors, but the company's diversified portfolio and strong brand recognition mitigate this threat.

Bargaining Power Of Customers

The bargaining power of customers is low for Prosus N.V. as the company operates in a niche market with limited competition, giving it pricing power and reducing the bargaining power of customers.

Bargaining Power Of Suppliers

The bargaining power of suppliers is moderate for Prosus N.V. as the company relies on a diverse range of suppliers, but its scale and negotiating power mitigate this threat.

Threat Of New Entrants

The threat of new entrants is low for Prosus N.V. due to the high barriers to entry in the investment industry, including regulatory hurdles and the need for significant capital investment.

Intensity Of Rivalry

The intensity of rivalry is high for Prosus N.V. due to the competitive nature of the investment industry, with many established players competing for market share.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 26.73%
Debt Cost 3.95%
Equity Weight 73.27%
Equity Cost 7.15%
WACC 6.29%
Leverage 36.49%

11. Quality Control: Prosus N.V. passed 6 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Swisscom

A-Score: 6.1/10

Value: 5.0

Growth: 2.8

Quality: 6.4

Yield: 6.9

Momentum: 5.5

Volatility: 10.0

1-Year Total Return ->

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Universal Music

A-Score: 5.7/10

Value: 3.0

Growth: 6.7

Quality: 7.4

Yield: 3.8

Momentum: 6.0

Volatility: 7.3

1-Year Total Return ->

Stock-Card
Prosus

A-Score: 5.4/10

Value: 2.8

Growth: 7.4

Quality: 7.3

Yield: 0.0

Momentum: 9.0

Volatility: 6.0

1-Year Total Return ->

Stock-Card
Meta

A-Score: 5.3/10

Value: 1.8

Growth: 8.8

Quality: 8.3

Yield: 0.0

Momentum: 7.5

Volatility: 5.7

1-Year Total Return ->

Stock-Card
RELX

A-Score: 5.1/10

Value: 1.2

Growth: 5.6

Quality: 7.5

Yield: 3.1

Momentum: 4.0

Volatility: 9.3

1-Year Total Return ->

Stock-Card
Auto Trader

A-Score: 5.1/10

Value: 1.4

Growth: 6.7

Quality: 9.6

Yield: 1.9

Momentum: 2.5

Volatility: 8.3

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

52.12$

Current Price

52.12$

Potential

-0.00%

Expected Cash-Flows