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MarketScreener Homepage  >  Equities  >  Johannesburg Stock Exchange  >  Naspers Limited    NPNJ.N   ZAE000015889

NASPERS LIMITED

(NPNJ.N)
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Prosus Shares Debut on Euronext Amsterdam

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09/11/2019 | 04:31am EDT

By Adria Calatayud

Shares in Prosus NV (PRX.AE), a spinoff of Naspers Ltd.'s (NPN.JO) internet assets outside of South Africa, started trading Wednesday on Euronext Amsterdam at a valuation of nearly 120 billion euros ($132.51 billion), becoming Europe's largest listed consumer internet company.

Shares in Prosus at 0745 GMT were trading at EUR73.13, having peaked at EUR77.40 earlier in the session.

Prosus was created by Naspers in a bid to reduce the discount its shares traded at relative to the value of its 31.1% stake in Tencent Holdings. That stake alone, which represents 48% of Prosus's assets, is currently worth around EUR119 billion based on Tencent's valuation on Wednesday.

Prosus also houses stakes in Russian social-media operator Mail.ru Group Ltd. (MAIL.LN), U.S. online marketplace Letgo and German food-delivery company Delivery Hero AG (DHER.FF) among others.

Naspers didn't raise any money through Prosus's listing and will retain control over the group.

The listing was originally scheduled to take place in July, but was delayed after an administrative error forced Naspers to push back a general meeting of shareholders to vote on the deal.

Prosus, Latin for "forward," made a net profit of $1.43 billion in the quarter to June 30, up from $1.08 billion in the same period a year earlier, according to a prospectus published last month.

Write to Adria Calatayud at adria.calatayudvaello@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
DELIVERY HERO SE -2.96% 43.26 Delayed Quote.33.11%
MAIL RU GROUP LTD -2.13% 22.08 Delayed Quote.-5.97%
NASPERS LIMITED 1.92% 2544.94 End-of-day quote.-9.11%
TENCENT HOLDINGS LTD -0.86% 346.6 End-of-day quote.10.10%
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Financials (USD)
Sales 2020 4 028 M
EBIT 2020 -454 M
Net income 2020 3 277 M
Finance 2020 4 797 M
Yield 2020 0,32%
P/E ratio 2020 23,9x
P/E ratio 2021 19,1x
EV / Sales2020 17,4x
EV / Sales2021 14,3x
Capitalization 75 066 M
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Technical analysis trends NASPERS LIMITED
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Mean consensus BUY
Number of Analysts 14
Average target price 286,64  $
Last Close Price 173,68  $
Spread / Highest target 132%
Spread / Average Target 65,0%
Spread / Lowest Target -33,0%
EPS Revisions
Managers
NameTitle
Robert van Dijk Group Chief Executive Officer & Executive Director
Jacobus Petrus Bekker Non-Executive Chairman
Patrick Luke Kolek Group Chief Operating Officer
Timothy Neil Jacobs Chief Financial Officer
Tshamano Mohau Frederik Phaswana Lead Independent Non-Executive Director
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