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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Prosus N.V.    PRX   NL0013654783

PROSUS N.V.

(PRX)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 11/25 03:59:57 pm
93.05 EUR   +0.53%
06:09aPROSUS : UBS remains its Buy rating
MD
11/24PROSUS : Gets a Buy rating from Goldman Sachs
MD
11/24PROSUS : UBS remains its Buy rating
MD
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Prosus to Buy Back $5 Billion in Naspers, Own Shares to Narrow Valuation Gap

10/30/2020 | 01:36am EST

By Adria Calatayud

Prosus NV intends to buy back up to $5 billion worth of its own shares and those of parent Naspers Ltd. to narrow a "sizeable" gap between their market valuation and the net asset value of their investments, Naspers said Friday.

Naspers, the South Africa-based investor that owns a major stake in Chinese tech giant Tencent Holdings Ltd., said Prosus intends to launch a program to repurchase up to $1.37 billion Prosus N shares from its free-float shareholders.

Prosus, a Naspers spinoff that houses the group's international investments and is listed in the Netherlands and South Africa, also plans to implement an on-market share purchase program of N ordinary shares in Naspers worth up to $3.63 billion, Naspers said.

Prosus intends to launch the proposed transaction after the release of its results for the first half of fiscal 2021, which is expected for Nov. 23.

Naspers said its board believes the share purchases by Prosus represent a timely investment in the group's strong internet portfolio and a sensible use of capital given valuations in the consumer internet sector and the group's sizeable discount to net asset value.

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

(END) Dow Jones Newswires

10-30-20 0235ET

Stocks mentioned in the article
ChangeLast1st jan.
DOW JONES AFRICA TITANS 50 INDEX 0.79% 503.74 Delayed Quote.-6.96%
DOW JONES SOUTH AFRICA(ZAR) 0.00% 1721.36 Delayed Quote.-4.69%
NASPERS LIMITED -0.74% 3157.4 End-of-day quote.37.83%
PROSUS N.V. -0.35% 92.24 Delayed Quote.36.78%
S&P AFRICA 40 INDEX 0.91% 163.02 Delayed Quote.-6.47%
TENCENT HOLDINGS LIMITED -1.88% 573 End-of-day quote.52.56%
All news about PROSUS N.V.
06:09aPROSUS : UBS remains its Buy rating
MD
11/24PROSUS : Gets a Buy rating from Goldman Sachs
MD
11/24PROSUS : UBS remains its Buy rating
MD
11/24PROSUS : Barclays reiterates its Buy rating
MD
11/23PROSUS N : Naspers and Prosus results call presentation, Sep20
PU
11/23GLOBAL MARKETS LIVE: Boeing’s 737 Max to resume flights in Europe, Merck’s la..
11/23PROSUS : Jefferies remains Neutral
MD
11/23PROSUS : Receives a Buy rating from JP Morgan
MD
11/23PROSUS : Goldman Sachs remains its Buy rating
MD
11/23Prosus 1st Half Net Profit Jumps Amid Ecommerce Strength, Tencent Holdings Pe..
DJ
More news
Financials (USD)
Sales 2021 4 281 M - -
Net income 2021 5 101 M - -
Net Debt 2021 341 M - -
P/E ratio 2021 35,8x
Yield 2021 0,04%
Capitalization 179 B 179 B -
EV / Sales 2021 41,9x
EV / Sales 2022 32,3x
Nbr of Employees 20 000
Free-Float 27,0%
Chart PROSUS N.V.
Duration : Period :
Prosus N.V. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends PROSUS N.V.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 17
Average target price 113,02 €
Last Close Price 92,24 €
Spread / Highest target 46,4%
Spread / Average Target 22,5%
Spread / Lowest Target -10,0%
EPS Revisions
Managers
NameTitle
Robert van Dijk Chief Executive Officer & Executive Director
Patrick Luke Kolek Chief Operating Officer
Vasileios Sgourdos Financial Director & Executive Director
Jacobus Petrus Bekker Non-Independent Non-Executive Director
Hendrik Jacobus du Toit Lead Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
PROSUS N.V.36.78%179 067
TENCENT HOLDINGS LIMITED52.56%716 776
NETFLIX, INC.49.24%213 334
UBER TECHNOLOGIES, INC.72.36%90 411
NASPERS LIMITED37.83%89 435
SPOTIFY TECHNOLOGY S.A.80.64%51 215