Independent equity research
Is Prosus N.V. (PRX) a Buy, Hold or Sell?
Prosus N.V. — our independent, AI-built valuation and rating, in brief.
BUY (accumulate)
12-mo fair value
€43.60
To fair value
+22%
By · report dated 2026-09-02 · fair value derived independently of the market price.
The thesis, in brief
The market pays minus EUR 7.31 a share for everything Prosus owns outside Tencent while the company retires 8.5% of its shares a year at a 39% discount to net asset value; we are wrong if that discount is still wider than 35% in twelve months, or if the unlisted book is written down
How we value it
We value Prosus N.V. using Sum-of-the-parts NAV, marked at 2 Sep 2026; target = 12-month NAV per share at a 30% discount.. The 12-month fair value is set from that intrinsic estimate first, then compared to the market to read the upside or downside — never anchored to the current price.
What the full report covers
- Business & moat + industry cycle
- Earnings quality & normalized EPS
- Returns on capital (ROIC vs WACC)
- Balance-sheet safety
- Two independent valuations (DCF + multiples)
- Bear / base / bull fair values
- Earnings-call analysis
- Insider activity & positioning
- Technicals (RSI / ADX)
- A falsifiable thesis
Read the full Prosus N.V. report
The complete model, the scenarios, and every number behind the call — plus other names across the coverage. One subscription, cancel anytime.