VEON LTD (VEON) Stock Fundamental Analysis

NASDAQ:VEON • US91822M5022

52.45 USD
-0.81 (-1.52%)
Last: Feb 13, 2026, 08:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

VEON gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 22 industry peers in the Wireless Telecommunication Services industry. While VEON has a great profitability rating, there are quite some concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on VEON.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • In the past year VEON was profitable.
  • In the past year VEON had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: VEON reported negative net income in multiple years.
  • Each year in the past 5 years VEON had a positive operating cash flow.
VEON Yearly Net Income VS EBIT VS OCF VS FCFVEON Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B -1B 2B -2B

1.2 Ratios

  • VEON's Return On Assets of 7.31% is amongst the best of the industry. VEON outperforms 86.36% of its industry peers.
  • With an excellent Return On Equity value of 46.60%, VEON belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • VEON has a Return On Invested Capital of 11.26%. This is amongst the best in the industry. VEON outperforms 86.36% of its industry peers.
  • VEON had an Average Return On Invested Capital over the past 3 years of 11.44%. This is above the industry average of 6.60%.
Industry RankSector Rank
ROA 7.31%
ROE 46.6%
ROIC 11.26%
ROA(3y)-8.89%
ROA(5y)-4.97%
ROE(3y)-96.72%
ROE(5y)-77.85%
ROIC(3y)11.44%
ROIC(5y)10.01%
VEON Yearly ROA, ROE, ROICVEON Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100 -100 -200

1.3 Margins

  • Looking at the Profit Margin, with a value of 15.24%, VEON belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.
  • In the last couple of years the Profit Margin of VEON has grown nicely.
  • With a decent Operating Margin value of 22.43%, VEON is doing good in the industry, outperforming 77.27% of the companies in the same industry.
  • In the last couple of years the Operating Margin of VEON has remained more or less at the same level.
  • With an excellent Gross Margin value of 88.24%, VEON belongs to the best of the industry, outperforming 95.45% of the companies in the same industry.
  • In the last couple of years the Gross Margin of VEON has grown nicely.
Industry RankSector Rank
OM 22.43%
PM (TTM) 15.24%
GM 88.24%
OM growth 3Y-3.83%
OM growth 5Y-0.35%
PM growth 3Y-16.1%
PM growth 5Y8.09%
GM growth 3Y-0.11%
GM growth 5Y2.49%
VEON Yearly Profit, Operating, Gross MarginsVEON Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so VEON is still creating some value.
  • VEON has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, VEON has more shares outstanding
  • VEON has a better debt/assets ratio than last year.
VEON Yearly Shares OutstandingVEON Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
VEON Yearly Total Debt VS Total AssetsVEON Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

2.2 Solvency

  • VEON has an Altman-Z score of 0.31. This is a bad value and indicates that VEON is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.31, VEON is doing worse than 68.18% of the companies in the same industry.
  • VEON has a debt to FCF ratio of 4.13. This is a neutral value as VEON would need 4.13 years to pay back of all of its debts.
  • VEON has a Debt to FCF ratio of 4.13. This is in the better half of the industry: VEON outperforms 68.18% of its industry peers.
  • A Debt/Equity ratio of 2.92 is on the high side and indicates that VEON has dependencies on debt financing.
  • VEON's Debt to Equity ratio of 2.92 is on the low side compared to the rest of the industry. VEON is outperformed by 81.82% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.92
Debt/FCF 4.13
Altman-Z 0.31
ROIC/WACC1.29
WACC8.73%
VEON Yearly LT Debt VS Equity VS FCFVEON Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.3 Liquidity

  • A Current Ratio of 0.95 indicates that VEON may have some problems paying its short term obligations.
  • VEON has a Current ratio of 0.95. This is comparable to the rest of the industry: VEON outperforms 59.09% of its industry peers.
  • VEON has a Quick Ratio of 0.95. This is a bad value and indicates that VEON is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Quick ratio value of 0.94, VEON perfoms like the industry average, outperforming 59.09% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.95
Quick Ratio 0.94
VEON Yearly Current Assets VS Current LiabilitesVEON Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 120.14% over the past year.
  • VEON shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -8.57% yearly.
  • VEON shows a small growth in Revenue. In the last year, the Revenue has grown by 6.74%.
  • VEON shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -14.69% yearly.
EPS 1Y (TTM)120.14%
EPS 3Y-15.41%
EPS 5Y-8.57%
EPS Q2Q%-116%
Revenue 1Y (TTM)6.74%
Revenue growth 3Y1.32%
Revenue growth 5Y-14.69%
Sales Q2Q%7.52%

3.2 Future

  • Based on estimates for the next years, VEON will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.32% on average per year.
  • VEON is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.37% yearly.
EPS Next Y80.74%
EPS Next 2Y22.58%
EPS Next 3Y22.03%
EPS Next 5Y15.32%
Revenue Next Year9.17%
Revenue Next 2Y8.24%
Revenue Next 3Y7.44%
Revenue Next 5Y6.37%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
VEON Yearly Revenue VS EstimatesVEON Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2B 4B 6B 8B 10B
VEON Yearly EPS VS EstimatesVEON Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 5 10 15

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Find the best growth stocksShow best growing peers

8

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 20.02, which indicates a rather expensive current valuation of VEON.
  • 63.64% of the companies in the same industry are more expensive than VEON, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 27.97. VEON is valued slightly cheaper when compared to this.
  • Based on the Price/Forward Earnings ratio of 6.70, the valuation of VEON can be described as very cheap.
  • VEON's Price/Forward Earnings ratio is rather cheap when compared to the industry. VEON is cheaper than 100.00% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of VEON to the average of the S&P500 Index (27.96), we can say VEON is valued rather cheaply.
Industry RankSector Rank
PE 20.02
Fwd PE 6.7
VEON Price Earnings VS Forward Price EarningsVEON Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, VEON is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 2.97
EV/EBITDA N/A
VEON Per share dataVEON EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40

4.3 Compensation for Growth

  • VEON's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The excellent profitability rating of VEON may justify a higher PE ratio.
  • A more expensive valuation may be justified as VEON's earnings are expected to grow with 22.03% in the coming years.
PEG (NY)0.25
PEG (5Y)N/A
EPS Next 2Y22.58%
EPS Next 3Y22.03%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for VEON!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

VEON LTD

NASDAQ:VEON (2/13/2026, 8:00:01 PM)

52.45

-0.81 (-1.52%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryWireless Telecommunication Services
Earnings (Last)11-10
Earnings (Next)03-16
Inst Owners26.04%
Inst Owner Change-0.01%
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap3.71B
Revenue(TTM)4.23B
Net Income(TTM)644.00M
Analysts82.5
Price Target72.27 (37.79%)
Short Float %8.74%
Short Ratio2.86
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)28.57%
Min EPS beat(2)-21.57%
Max EPS beat(2)78.71%
EPS beat(4)3
Avg EPS beat(4)35.64%
Min EPS beat(4)-21.57%
Max EPS beat(4)78.71%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)2.06%
Min Revenue beat(2)0%
Max Revenue beat(2)4.12%
Revenue beat(4)2
Avg Revenue beat(4)0.81%
Min Revenue beat(4)-1.87%
Max Revenue beat(4)4.12%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0.07%
PT rev (3m)9.61%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.36%
EPS NY rev (1m)6.71%
EPS NY rev (3m)-14.83%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.35%
Revenue NY rev (1m)-0.11%
Revenue NY rev (3m)0.75%
Valuation
Industry RankSector Rank
PE 20.02
Fwd PE 6.7
P/S 0.88
P/FCF 2.97
P/OCF 2.99
P/B 2.68
P/tB N/A
EV/EBITDA N/A
EPS(TTM)2.62
EY5%
EPS(NY)7.83
Fwd EY14.92%
FCF(TTM)17.64
FCFY33.62%
OCF(TTM)17.55
OCFY33.46%
SpS59.81
BVpS19.56
TBVpS-2.17
PEG (NY)0.25
PEG (5Y)N/A
Graham Number33.96
Profitability
Industry RankSector Rank
ROA 7.31%
ROE 46.6%
ROCE 16.42%
ROIC 11.26%
ROICexc 17.35%
ROICexgc 29.39%
OM 22.43%
PM (TTM) 15.24%
GM 88.24%
FCFM 29.48%
ROA(3y)-8.89%
ROA(5y)-4.97%
ROE(3y)-96.72%
ROE(5y)-77.85%
ROIC(3y)11.44%
ROIC(5y)10.01%
ROICexc(3y)19.88%
ROICexc(5y)15.79%
ROICexgc(3y)51.88%
ROICexgc(5y)38.09%
ROCE(3y)16.68%
ROCE(5y)14.59%
ROICexgc growth 3Y65.7%
ROICexgc growth 5Y3.7%
ROICexc growth 3Y46.24%
ROICexc growth 5Y7.89%
OM growth 3Y-3.83%
OM growth 5Y-0.35%
PM growth 3Y-16.1%
PM growth 5Y8.09%
GM growth 3Y-0.11%
GM growth 5Y2.49%
F-Score6
Asset Turnover0.48
Health
Industry RankSector Rank
Debt/Equity 2.92
Debt/FCF 4.13
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 250
Cash Conversion N/A
Profit Quality 193.48%
Current Ratio 0.95
Quick Ratio 0.94
Altman-Z 0.31
F-Score6
WACC8.73%
ROIC/WACC1.29
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)120.14%
EPS 3Y-15.41%
EPS 5Y-8.57%
EPS Q2Q%-116%
EPS Next Y80.74%
EPS Next 2Y22.58%
EPS Next 3Y22.03%
EPS Next 5Y15.32%
Revenue 1Y (TTM)6.74%
Revenue growth 3Y1.32%
Revenue growth 5Y-14.69%
Sales Q2Q%7.52%
Revenue Next Year9.17%
Revenue Next 2Y8.24%
Revenue Next 3Y7.44%
Revenue Next 5Y6.37%
EBIT growth 1Y2.82%
EBIT growth 3Y-2.56%
EBIT growth 5Y-14.99%
EBIT Next Year76.83%
EBIT Next 3Y28.9%
EBIT Next 5Y18.96%
FCF growth 1Y-25.92%
FCF growth 3Y-13.93%
FCF growth 5Y-2.16%
OCF growth 1Y-26.89%
OCF growth 3Y-24.51%
OCF growth 5Y-17.38%

VEON LTD / VEON FAQ

Can you provide the ChartMill fundamental rating for VEON LTD?

ChartMill assigns a fundamental rating of 5 / 10 to VEON.


What is the valuation status of VEON LTD (VEON) stock?

ChartMill assigns a valuation rating of 8 / 10 to VEON LTD (VEON). This can be considered as Undervalued.


What is the profitability of VEON stock?

VEON LTD (VEON) has a profitability rating of 8 / 10.


What is the valuation of VEON LTD based on its PE and PB ratios?

The Price/Earnings (PE) ratio for VEON LTD (VEON) is 20.02 and the Price/Book (PB) ratio is 2.68.


What is the expected EPS growth for VEON LTD (VEON) stock?

The Earnings per Share (EPS) of VEON LTD (VEON) is expected to grow by 80.74% in the next year.