Net Asset Value
This consensus summary is based on the latest publicly available data for listed assets and analyst consensus for unlisted assets. 17 analysts who published between 01 October 2022 and 31 December 2022 participated in this consensus. The number of Tencent shares held and number of Prosus shares in issue have been updated for the current open-ended buyback as of 04 January 2023.
This summary is provided for informational purposes only and is not intended to, nor does it, constitute investment advice or any solicitation to buy, hold or sell securities or other financial instruments.

Prosus Net Asset Value Summary (US$'bn) - 24 March 2023

Asset value 158.2
Net cash 0.7
Net asset value 158.9
Net asset value per share (EUR) 113.8

Net Asset Value Calculation for Prosus - 24 March 2023

InvestmentShares held (m)Share price - Local currencyValue (US$'bn)
InvestmentShares held (m)Share Price (LC²)Value (US$'bn)
Listed assets1 132.6
Tencent2 574.6 376.8 123.6
Meituan 257.5 140.2 4.6
Delivery Hero 68.5 29.8 2.2 32.9 36.2 1.2
Remitly 37.3 16.9 0.6
Udemy 17.1 8.7 0.1
Skillsoft 61.3 2.0 0.1
SimilarWeb 11.2 6.5 0.1
Other2 0.05
Unlisted assets³Value
Unlisted assets - analyst consensus / post-money valuations3 25.6
Classifieds 5.3
Food Delivery 7.7
Payments & Fintech 4.0
Edtech 3.5
Etail4 2.8
Ventures 2.2
Other5 0.1
Asset Value 158.2
Net cash / (debt)Value
Net cash / (debt)6 0.7
Pro-forma cash 15.5
Debt( 14.8)
Net asset value ($'bn) 158.9
Net asset value (EUR'bn) 147.8
Net asset value per share (EUR) 113.8
Net asset value (ZAR'bn)2 895.0
Net asset value per share (ZAR)2 230.3
Net total shares in issue as at 04 January 2023 (m)7 1 298.0
Segmental summary (Listed + Unlisted assets) 158.2
Social & Internet Platforms 123.6
Ecommerce 29.9
Classifieds 5.3
Food Delivery 10.0
Payments & Fintech 4.6
Edtech 3.8
Etail4 2.8
Ventures 2.3
Ecommerce other 1.2
Naspers's assets outside of Prosus 0.1
It should be noted that valuations are, by definition, forward looking and are therefore subject to risks and uncertainties that may materially affect eventual results. None of Prosus, its affiliates or their respective directors, officers and employees shall accept any liability whatsoever for the consequences of any reliance upon or actions taken or not taken based on any of the information in this consensus summary.
The valuations are produced by the contributing analysts and do not represent nor are based on opinions, estimates or forecasts from Prosus. By presenting the consensus information above, Prosus does not endorse or concur with such analyst information, conclusions or recommendations. Prosus has not verified the information received and none of Prosus, its affiliates or their respective directors, officers and employees make any representation or warranty, express or implied, as to, or accept any responsibility for, the accuracy or completeness of the consensus information. Prosus does not assume any responsibility to update, revise or supplement such information.
Exchange rates - source: Cloudmersive:
USD/HKD 7.85
USD/EUR 0.93
USD/SEK 10.43
USD/CAD 1.38
USD/ZAR 18.22
  1. Prevailing share prices updated daily at 00h00 CET - Source: Aletheia.
  2. Other listed assets include DoorDash, Silvergate and VerticalScope.
  3. The valuations of unlisted assets are derived from the average estimates of sellside analysts and post-money valuations on transactions where analyst consensus is not available. The 17 analysts that participated in this consensus are: Alpha Value/Baader, Avior, Banco Sabadell, Bank of America Merril Lynch, BNP Paribas Exane, Citi Research, Credit Suisse, Degroof Petercam, Equita, Goldman Sachs, HSBC, Investec, JP Morgan, Morgan Stanley, Nedbank CIB, SBG Securities and UBS.
  4. Etail includes eMAG and Prosus's stake in Takealot via its Naspers stake.
  5. Other includes: Prosus's interest in Naspers's assets outside of Prosus (Media24 and net cash, excluding Takealot).
  6. Pro-forma cash is based on the 30 September 2022 central cash balance adjusted for material non-operational events after 30 September. These include publicly announced M&A ($1.55bn) and disposal activity ($2.4bn). Debt is based on the central debt balance as at 30 September 2022.
  7. Open-ended share repurchase programme is currently underway. For the latest information, please refer to our buyback disclosure.