Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Prosus
Physical assets are 1.5% of total assets, a light footprint. Capex is 0.62x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. EBITDA after capex covers debt service by 0.14x, which is below 1.
Fixed-asset turnover is 10.51x. Compare it with other names in the same basket.
Physical asset ratio
1.5%Physical asset ratio · 2026-03-31(Net PP&E + inventory) / total assetsNet PP&E$920.53MpropertyPlantAndEquipmentNetInventory$271.75MinventoryTotal assets$79.29BtotalAssetsResult 1.5%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
10.51xFixed asset turnover · 2026-03-31Revenue / net PP&ERevenue$9.68BtotalRevenueNet PP&E$920.53MpropertyPlantAndEquipmentNetResult 10.51x
Revenue per dollar of the physical asset base.
Capex / D&A
0.62xCapex / D&A · 2026-03-31Capital expenditures / depreciation and amortizationCapex$97.72McapitalExpendituresD&A$156.55MdepreciationAndAmortizationResult 0.62x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$19.76Tangible book / share · 2026-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$79.29BtotalAssetsGoodwill$5.12BgoodWillIntangibles$5.34BintangibleAssetsLiabilities$25.28BtotalLiabTangible book$43.56BShares2,204,009,000commonStockSharesOutstandingResult $19.76
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
1.95xPrice / tangible bookPrice / tangible book per sharePrice$38.55Latest quoteTangible book / share$19.762026-03-31Result 1.95x
Price $38.55.
Fixed-charge coverage
0.14xFixed-charge coverage · 2026-03-31(EBITDA − capex) / (interest + short-term debt)EBITDA$459.67MebitdaCapex$97.72McapitalExpendituresInterest$643.13MinterestExpenseShort-term debt$1.93BshortLongTermDebtEBITDA − capex$361.95MPrincipal due is the current portion of debt.Result 0.14x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
1.9%Free cash flow yield · 2026-03-31Latest free cash flow / current market capFree cash flow$1.51BfreeCashFlowMarket cap$80.57BMarketCapitalizationResult 1.9%
Latest free cash flow divided by current market cap ($80.57B).
ROIC
0.5%ROIC · 2026-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$303.12MoperatingIncomeTax expense$116.66MincomeTaxExpensePretax income$11.74BincomeBeforeTaxTax rate1.0%Equity$53.93BtotalStockholderEquityDebt$17.64BshortLongTermDebtTotalCash$12.58BcashAndShortTermInvestmentsInvested capital$58.99BResult 0.5%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.33x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2019 | 0.9%Physical asset ratio · 2019-03-31(Net PP&E + inventory) / total assetsNet PP&E$143.00MpropertyPlantEquipmentInventory$148.00MinventoryTotal assets$32.99BtotalAssetsResult 0.9% | 18.57xFixed asset turnover · 2019-03-31Revenue / net PP&ERevenue$2.66BtotalRevenueNet PP&E$143.00MpropertyPlantEquipmentResult 18.57x | 0.90xCapex / D&A · 2019-03-31Capital expenditures / depreciation and amortizationCapex$108.00McapitalExpendituresD&A$120.00MdepreciationAndAmortizationResult 0.90x | $2.73Tangible book / share · 2019-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$32.99BtotalAssetsGoodwill$2.04BgoodWillIntangibles$794.00MintangibleAssetsLiabilities$5.61BtotalLiabTangible book$24.55BShares9,008,269,908commonStockSharesOutstandingResult $2.73 | 6.17xFixed-charge coverage · 2019-03-31(EBITDA − capex) / (interest + short-term debt)EBITDA$1.42BebitdaCapex$108.00McapitalExpendituresInterest$200.00MinterestExpenseShort-term debt$12.00MshortTermDebtEBITDA − capex$1.31BPrincipal due is short-term debt.Result 6.17x | -$253.00MFree cash flow · 2019-03-31Reported free cash flowOperating cash flow-$145.00MtotalCashFromOperatingActivitiesCapex$108.00McapitalExpendituresFree cash flow-$253.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$253.00M | -1.4%ROIC · 2019-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$382.00MoperatingIncomeTax expense$258.00MincomeTaxExpensePretax income$1.10BincomeBeforeTaxTax rate23.5%Equity$27.25BtotalStockholderEquityDebt$3.49BshortLongTermDebtTotalCash$9.17BcashAndShortTermInvestmentsInvested capital$21.57BResult -1.4% | -2.67xEBIT / PP&E · 2019-03-31Operating income / net PP&EOperating income-$382.00MoperatingIncomeNet PP&E$143.00MpropertyPlantEquipmentResult -2.67x |
| 2020 | 1.6%Physical asset ratio · 2020-03-31(Net PP&E + inventory) / total assetsNet PP&E$377.00MpropertyPlantEquipmentInventory$213.00MinventoryTotal assets$35.77BtotalAssetsResult 1.6% | 8.83xFixed asset turnover · 2020-03-31Revenue / net PP&ERevenue$3.33BtotalRevenueNet PP&E$377.00MpropertyPlantEquipmentResult 8.83x | 0.55xCapex / D&A · 2020-03-31Capital expenditures / depreciation and amortizationCapex$101.00McapitalExpendituresD&A$183.00MdepreciationAndAmortizationResult 0.55x | $2.69Tangible book / share · 2020-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$35.77BtotalAssetsGoodwill$2.17BgoodWillIntangibles$2.88BintangibleAssetsLiabilities$6.46BtotalLiabTangible book$24.26BShares9,008,272,313commonStockSharesOutstandingResult $2.69 | 0.39xFixed-charge coverage · 2020-03-31(EBITDA − capex) / (interest + short-term debt)EBITDA$213.00MebitdaCapex$101.00McapitalExpendituresInterest$223.00MinterestExpenseShort-term debt$66.00MshortLongTermDebtEBITDA − capex$112.00MPrincipal due is the current portion of debt.Result 0.39x | -$310.00MFree cash flow · 2020-03-31Reported free cash flowOperating cash flow-$209.00MtotalCashFromOperatingActivitiesCapex$101.00McapitalExpendituresFree cash flow-$310.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$310.00M | —ROIC · 2020-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$609.00MoperatingIncomeTax expense$75.00MincomeTaxExpensePretax income-$193.00MincomeBeforeTaxTax rate—Equity$29.10BtotalStockholderEquityDebt$3.97BshortLongTermDebtTotalCash$8.02BcashAndShortTermInvestmentsInvested capital$25.05BROIC needs a positive pretax income so an effective tax rate can be calculated.Result — | -1.62xEBIT / PP&E · 2020-03-31Operating income / net PP&EOperating income-$609.00MoperatingIncomeNet PP&E$377.00MpropertyPlantEquipmentResult -1.62x |
| 2021 | 1.4%Physical asset ratio · 2021-03-31(Net PP&E + inventory) / total assetsNet PP&E$443.00MpropertyPlantEquipmentInventory$321.00MinventoryTotal assets$55.73BtotalAssetsResult 1.4% | 11.55xFixed asset turnover · 2021-03-31Revenue / net PP&ERevenue$5.12BtotalRevenueNet PP&E$443.00MpropertyPlantEquipmentResult 11.55x | 0.52xCapex / D&A · 2021-03-31Capital expenditures / depreciation and amortizationCapex$121.00McapitalExpendituresD&A$231.00MdepreciationAndAmortizationResult 0.52x | $4.48Tangible book / share · 2021-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$55.73BtotalAssetsGoodwill$2.10BgoodWillIntangibles$782.00MintangibleAssetsLiabilities$12.54BtotalLiabTangible book$40.30BShares8,992,201,918commonStockSharesOutstandingResult $4.48 | 1.86xFixed-charge coverage · 2021-03-31(EBITDA − capex) / (interest + short-term debt)EBITDA$730.00MebitdaCapex$121.00McapitalExpendituresInterest$262.00MinterestExpenseShort-term debt$65.00MshortLongTermDebtEBITDA − capex$609.00MPrincipal due is the current portion of debt.Result 1.86x | $38.00MFree cash flow · 2021-03-31Reported free cash flowOperating cash flow$159.00MtotalCashFromOperatingActivitiesCapex$121.00McapitalExpendituresFree cash flow$38.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $38.00M | -2.1%ROIC · 2021-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$976.00MoperatingIncomeTax expense-$67.00MincomeTaxExpensePretax income$7.33BincomeBeforeTaxTax rate0.0%Equity$43.07BtotalStockholderEquityDebt$9.12BshortLongTermDebtTotalCash$6.03BcashAndShortTermInvestmentsInvested capital$46.15BResult -2.1% | -2.20xEBIT / PP&E · 2021-03-31Operating income / net PP&EOperating income-$976.00MoperatingIncomeNet PP&E$443.00MpropertyPlantEquipmentResult -2.20x |
| 2022 | 1.5%Physical asset ratio · 2022-03-31(Net PP&E + inventory) / total assetsNet PP&E$604.00MpropertyPlantEquipmentInventory$470.00MinventoryTotal assets$71.34BtotalAssetsResult 1.5% | 8.64xFixed asset turnover · 2022-03-31Revenue / net PP&ERevenue$5.22BtotalRevenueNet PP&E$604.00MpropertyPlantEquipmentResult 8.64x | 1.44xCapex / D&A · 2022-03-31Capital expenditures / depreciation and amortizationCapex$242.00McapitalExpendituresD&A$168.00MdepreciationAndAmortizationResult 1.44x | $5.54Tangible book / share · 2022-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$71.34BtotalAssetsGoodwill$3.37BgoodWillIntangibles$928.00MintangibleAssetsLiabilities$20.82BtotalLiabTangible book$46.22BShares8,350,722,698commonStockSharesOutstandingResult $5.54 | 17.60xFixed-charge coverage · 2022-03-31(EBITDA − capex) / (interest + short-term debt)EBITDA$9.90BebitdaCapex$242.00McapitalExpendituresInterest$398.00MinterestExpenseShort-term debt$151.00MshortLongTermDebtEBITDA − capex$9.66BPrincipal due is the current portion of debt.Result 17.60x | -$847.00MFree cash flow · 2022-03-31Reported free cash flowOperating cash flow-$605.00MtotalCashFromOperatingActivitiesCapex$242.00McapitalExpendituresFree cash flow-$847.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$847.00M | -1.4%ROIC · 2022-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$749.00MoperatingIncomeTax expense$54.00MincomeTaxExpensePretax income$18.60BincomeBeforeTaxTax rate0.3%Equity$50.42BtotalStockholderEquityDebt$17.16BshortLongTermDebtTotalCash$13.57BcashAndShortTermInvestmentsInvested capital$54.02BResult -1.4% | -1.24xEBIT / PP&E · 2022-03-31Operating income / net PP&EOperating income-$749.00MoperatingIncomeNet PP&E$604.00MpropertyPlantEquipmentResult -1.24x |
| 2023 | 1.5%Physical asset ratio · 2023-03-31(Net PP&E + inventory) / total assetsNet PP&E$620.00MpropertyPlantAndEquipmentNetInventory$324.00MinventoryTotal assets$65.08BtotalAssetsResult 1.5% | 9.30xFixed asset turnover · 2023-03-31Revenue / net PP&ERevenue$5.77BtotalRevenueNet PP&E$620.00MpropertyPlantAndEquipmentNetResult 9.30x | 1.56xCapex / D&A · 2023-03-31Capital expenditures / depreciation and amortizationCapex$263.00McapitalExpendituresD&A$169.00MdepreciationAndAmortizationResult 1.56x | $10.77Tangible book / share · 2023-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$65.08BtotalAssetsGoodwill$1.41BgoodWillIntangibles$367.00MintangibleAssetsLiabilities$20.45BtotalLiabTangible book$42.85BShares3,978,391,943commonStockSharesOutstandingResult $10.77 | 5.04xFixed-charge coverage · 2023-03-31(EBITDA − capex) / (interest + short-term debt)EBITDA$5.31BebitdaCapex$263.00McapitalExpendituresInterest$553.00MinterestExpenseShort-term debt$447.00MshortLongTermDebtEBITDA − capex$5.04BPrincipal due is the current portion of debt.Result 5.04x | -$383.00MFree cash flow · 2023-03-31Reported free cash flowOperating cash flow-$120.00MtotalCashFromOperatingActivitiesCapex$263.00McapitalExpendituresFree cash flow-$383.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -$383.00M | -1.4%ROIC · 2023-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$583.00MoperatingIncomeTax expense$39.00MincomeTaxExpensePretax income$9.52BincomeBeforeTaxTax rate0.4%Equity$44.59BtotalStockholderEquityDebt$16.91BshortLongTermDebtTotalCash$20.87BcashAndShortTermInvestmentsInvested capital$40.63BResult -1.4% | -0.94xEBIT / PP&E · 2023-03-31Operating income / net PP&EOperating income-$583.00MoperatingIncomeNet PP&E$620.00MpropertyPlantAndEquipmentNetResult -0.94x |
| 2024 | 1.3%Physical asset ratio · 2024-03-31(Net PP&E + inventory) / total assetsNet PP&E$555.00MpropertyPlantAndEquipmentNetInventory$268.00MinventoryTotal assets$61.82BtotalAssetsResult 1.3% | 9.85xFixed asset turnover · 2024-03-31Revenue / net PP&ERevenue$5.47BtotalRevenueNet PP&E$555.00MpropertyPlantAndEquipmentNetResult 9.85x | 0.39xCapex / D&A · 2024-03-31Capital expenditures / depreciation and amortizationCapex$67.00McapitalExpendituresD&A$170.00MdepreciationAndAmortizationResult 0.39x | $15.40Tangible book / share · 2024-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$61.82BtotalAssetsGoodwill$1.03BgoodWillIntangibles$326.00MintangibleAssetsLiabilities$20.53BtotalLiabTangible book$39.94BShares2,592,606,455commonStockSharesOutstandingResult $15.40 | 4.83xFixed-charge coverage · 2024-03-31(EBITDA − capex) / (interest + short-term debt)EBITDA$4.94BebitdaCapex$67.00McapitalExpendituresInterest$557.00MinterestExpenseShort-term debt$452.00MshortLongTermDebtEBITDA − capex$4.87BPrincipal due is the current portion of debt.Result 4.83x | $978.00MFree cash flow · 2024-03-31Reported free cash flowOperating cash flow$1.05BtotalCashFromOperatingActivitiesCapex$67.00McapitalExpendituresFree cash flow$978.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $978.00M | -1.4%ROIC · 2024-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income-$546.00MoperatingIncomeTax expense$161.00MincomeTaxExpensePretax income$7.02BincomeBeforeTaxTax rate2.3%Equity$41.26BtotalStockholderEquityDebt$16.24BshortLongTermDebtTotalCash$18.99BcashAndShortTermInvestmentsInvested capital$38.51BResult -1.4% | -0.98xEBIT / PP&E · 2024-03-31Operating income / net PP&EOperating income-$546.00MoperatingIncomeNet PP&E$555.00MpropertyPlantAndEquipmentNetResult -0.98x |
| 2025 | 1.0%Physical asset ratio · 2025-03-31(Net PP&E + inventory) / total assetsNet PP&E$493.00MpropertyPlantAndEquipmentNetInventory$255.00MinventoryTotal assets$72.59BtotalAssetsResult 1.0% | 12.52xFixed asset turnover · 2025-03-31Revenue / net PP&ERevenue$6.17BtotalRevenueNet PP&E$493.00MpropertyPlantAndEquipmentNetResult 12.52x | 0.73xCapex / D&A · 2025-03-31Capital expenditures / depreciation and amortizationCapex$106.00McapitalExpendituresD&A$146.00MdepreciationAndAmortizationResult 0.73x | $20.61Tangible book / share · 2025-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$72.59BtotalAssetsGoodwill$1.16BgoodWillIntangibles$394.00MintangibleAssetsLiabilities$21.46BtotalLiabTangible book$49.57BShares2,404,912,826commonStockSharesOutstandingResult $20.61 | 6.98xFixed-charge coverage · 2025-03-31(EBITDA − capex) / (interest + short-term debt)EBITDA$13.37BebitdaCapex$106.00McapitalExpendituresInterest$549.00MinterestExpenseShort-term debt$1.35BshortLongTermDebtEBITDA − capex$13.26BPrincipal due is the current portion of debt.Result 6.98x | $1.81BFree cash flow · 2025-03-31Reported free cash flowOperating cash flow$1.92BtotalCashFromOperatingActivitiesCapex$106.00McapitalExpendituresFree cash flow$1.81BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $1.81B | 0.4%ROIC · 2025-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$173.00MoperatingIncomeTax expense$179.00MincomeTaxExpensePretax income$12.67BincomeBeforeTaxTax rate1.4%Equity$51.05BtotalStockholderEquityDebt$16.45BshortLongTermDebtTotalCash$18.90BcashAndShortTermInvestmentsInvested capital$48.60BResult 0.4% | 0.35xEBIT / PP&E · 2025-03-31Operating income / net PP&EOperating income$173.00MoperatingIncomeNet PP&E$493.00MpropertyPlantAndEquipmentNetResult 0.35x |
| 2026 | 1.5%Physical asset ratio · 2026-03-31(Net PP&E + inventory) / total assetsNet PP&E$920.53MpropertyPlantAndEquipmentNetInventory$271.75MinventoryTotal assets$79.29BtotalAssetsResult 1.5% | 10.51xFixed asset turnover · 2026-03-31Revenue / net PP&ERevenue$9.68BtotalRevenueNet PP&E$920.53MpropertyPlantAndEquipmentNetResult 10.51x | 0.62xCapex / D&A · 2026-03-31Capital expenditures / depreciation and amortizationCapex$97.72McapitalExpendituresD&A$156.55MdepreciationAndAmortizationResult 0.62x | $19.76Tangible book / share · 2026-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$79.29BtotalAssetsGoodwill$5.12BgoodWillIntangibles$5.34BintangibleAssetsLiabilities$25.28BtotalLiabTangible book$43.56BShares2,204,009,000commonStockSharesOutstandingResult $19.76 | 0.14xFixed-charge coverage · 2026-03-31(EBITDA − capex) / (interest + short-term debt)EBITDA$459.67MebitdaCapex$97.72McapitalExpendituresInterest$643.13MinterestExpenseShort-term debt$1.93BshortLongTermDebtEBITDA − capex$361.95MPrincipal due is the current portion of debt.Result 0.14x | $1.51BFree cash flow · 2026-03-31Reported free cash flowOperating cash flow$1.60BtotalCashFromOperatingActivitiesCapex$97.72McapitalExpendituresFree cash flow$1.51BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $1.51B | 0.5%ROIC · 2026-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$303.12MoperatingIncomeTax expense$116.66MincomeTaxExpensePretax income$11.74BincomeBeforeTaxTax rate1.0%Equity$53.93BtotalStockholderEquityDebt$17.64BshortLongTermDebtTotalCash$12.58BcashAndShortTermInvestmentsInvested capital$58.99BResult 0.5% | 0.33xEBIT / PP&E · 2026-03-31Operating income / net PP&EOperating income$303.12MoperatingIncomeNet PP&E$920.53MpropertyPlantAndEquipmentNetResult 0.33x |
- Receivables are larger than the physical asset base, so a finance or credit book may sit outside the physical ratio and inside the debt used for coverage.
- Principal due is the current portion of debt.
Latest year inputs (2026)
Net PP&E: $920.53M
Inventory: $271.75M
Total assets: $79.29B
Goodwill: $5.12B
Intangibles: $5.34B
Liabilities: $25.28B
Tangible book: $43.56B
Shares: 2,204,009,000
Revenue: $9.68B
Capex: $97.72M
D&A: $156.55M
EBITDA: $459.67M
Interest: $643.13M
Short-term debt: $1.93B
Free cash flow: $1.51B
Operating income: $303.12M
Invested capital: $58.99B
Tax rate: 1.0%