VEON LTD (VEON) Fundamental Analysis & Valuation

NASDAQ:VEON • US91822M5022

Current stock price

50.5 USD
-0.1 (-0.2%)
At close:
50.5 USD
0 (0%)
After Hours:

This VEON fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. VEON Profitability Analysis

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.
  • VEON had a positive operating cash flow in 4 of the past 5 years.
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 fine compared to the rest of the industry. VEON outperforms 77.27% of its industry peers.
  • VEON has a Return On Equity of 46.60%. This is amongst the best in the industry. VEON outperforms 100.00% of its industry peers.
  • VEON's Return On Invested Capital of 11.26% is amongst the best of the industry. VEON outperforms 81.82% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for VEON is above the industry average of 7.13%.
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

  • The Profit Margin of VEON (15.24%) is better than 86.36% of its industry peers.
  • VEON's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 22.43%, VEON is in the better half of 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 90.91% of the companies in the same industry.
  • VEON's Gross Margin has improved in the last couple of years.
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

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2

2. VEON Health Analysis

2.1 Basic Checks

  • VEON has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • VEON has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
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 0.30. This is a bad value and indicates that VEON is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of VEON (0.30) is worse than 63.64% of its industry peers.
  • 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's Debt to FCF ratio of 4.13 is fine compared to the rest of the industry. VEON outperforms 72.73% of its industry peers.
  • VEON has a Debt/Equity ratio of 2.92. This is a high value indicating a heavy dependency on external financing.
  • VEON has a Debt to Equity ratio of 2.92. This is amonst the worse of the industry: VEON underperforms 81.82% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.92
Debt/FCF 4.13
Altman-Z 0.3
ROIC/WACC1.39
WACC8.07%
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 50.00% of its industry peers.
  • A Quick Ratio of 0.94 indicates that VEON may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.94, VEON perfoms like the industry average, outperforming 54.55% 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

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

3

3. VEON Growth Analysis

3.1 Past

  • The earnings per share for VEON have been decreasing by -26.30% on average. This is quite bad
EPS 1Y (TTM)N/A
EPS 3YN/A
EPS 5Y-26.3%
EPS Q2Q%-139.8%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%17.33%

3.2 Future

  • Based on estimates for the next years, VEON will show a very strong growth in Earnings Per Share. The EPS will grow by 57.55% on average per year.
  • VEON is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.07% yearly.
EPS Next Y506.49%
EPS Next 2Y166.44%
EPS Next 3Y98.3%
EPS Next 5Y57.55%
Revenue Next Year7.07%
Revenue Next 2Y6.21%
Revenue Next 3Y6.41%
Revenue Next 5Y6.07%

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.
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

7

4. VEON Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 40.40, VEON can be considered very expensive at the moment.
  • VEON's Price/Earnings ratio is in line with the industry average.
  • VEON is valuated expensively when we compare the Price/Earnings ratio to 25.96, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 6.66, which indicates a rather cheap valuation of VEON.
  • Based on the Price/Forward Earnings ratio, VEON is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.04, VEON is valued rather cheaply.
Industry RankSector Rank
PE 40.4
Fwd PE 6.66
VEON Price Earnings VS Forward Price EarningsVEON Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • VEON's Price/Free Cash Flow ratio is rather cheap when compared to the industry. VEON is cheaper than 100.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 2.86
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 decent profitability rating of VEON may justify a higher PE ratio.
  • VEON's earnings are expected to grow with 98.30% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.08
PEG (5Y)N/A
EPS Next 2Y166.44%
EPS Next 3Y98.3%

More info and screens

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

0

5. VEON Dividend Analysis

5.1 Amount

  • VEON does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

VEON Fundamentals: All Metrics, Ratios and Statistics

VEON LTD

NASDAQ:VEON (3/16/2026, 8:00:02 PM)

After market: 50.5 0 (0%)

50.5

-0.1 (-0.2%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryWireless Telecommunication Services
Earnings (Last)03-13
Earnings (Next)05-13
Inst Owners26.57%
Inst Owner Change2.27%
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap3.57B
Revenue(TTM)N/A
Net Income(TTM)644.00M
Analysts82.5
Price Target72.27 (43.11%)
Short Float %5.83%
Short Ratio1.7
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%
PT rev (3m)9.61%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.36%
EPS NY rev (1m)1.33%
EPS NY rev (3m)7.71%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.35%
Revenue NY rev (1m)-0.32%
Revenue NY rev (3m)0.29%
Valuation
Industry RankSector Rank
PE 40.4
Fwd PE 6.66
P/S 0.84
P/FCF 2.86
P/OCF 2.88
P/B 2.58
P/tB N/A
EV/EBITDA N/A
EPS(TTM)1.25
EY2.48%
EPS(NY)7.58
Fwd EY15.01%
FCF(TTM)17.64
FCFY34.92%
OCF(TTM)17.55
OCFY34.75%
SpS59.81
BVpS19.56
TBVpS-2.17
PEG (NY)0.08
PEG (5Y)N/A
Graham Number23.46
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 0.3
F-Score6
WACC8.07%
ROIC/WACC1.39
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)N/A
EPS 3YN/A
EPS 5Y-26.3%
EPS Q2Q%-139.8%
EPS Next Y506.49%
EPS Next 2Y166.44%
EPS Next 3Y98.3%
EPS Next 5Y57.55%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%17.33%
Revenue Next Year7.07%
Revenue Next 2Y6.21%
Revenue Next 3Y6.41%
Revenue Next 5Y6.07%
EBIT growth 1Y2.82%
EBIT growth 3Y-2.56%
EBIT growth 5Y-14.99%
EBIT Next Year76.74%
EBIT Next 3Y28.06%
EBIT Next 5Y19.04%
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 Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for VEON LTD?

ChartMill assigns a fundamental rating of 4 / 10 to VEON.


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

ChartMill assigns a valuation rating of 7 / 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 7 / 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 40.4 and the Price/Book (PB) ratio is 2.58.


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 506.49% in the next year.