Prosus N.V.PRX
▲ PositiveCapitalrelevance
Completed note tender offers and shares seen 2% undervalued relative to fair value estimate.

Prosus has completed cash tender offers for its 2027 notes, accepting all valid tenders and setting payment for July 16, 2026, with the purchased notes to be cancelled. The shares closed at €40.43, slightly below a widely followed fair value estimate of €41.27, implying the stock may be about 2% undervalued. However, a discounted cash flow model from Simply Wall St estimates a much lower fair value of €9.39, suggesting the stock is overvalued on that measure. The company's heavy reliance on Tencent and ongoing regulatory pressure on tech assets remain key risks.
Prosus N.V.Completed note tender offers and shares seen 2% undervalued relative to fair value estimate.
Tencent Holdings Ltd