VEON LTD (VEON) Stock Fundamental Analysis
USA - NASDAQ:VEON - US91822M5022 - ADR
48.15 USD
-0.26 (-0.54%)
Overall VEON gets a fundamental rating of 6 out of 10. We evaluated VEON against 22 industry peers in the Wireless Telecommunication Services industry. While VEON belongs to the best of the industry regarding profitability, there are concerns on its financial health. VEON may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
VEON had positive earnings in the past year.
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.
1.2 Ratios
VEON has a Return On Assets of 11.63%. This is amongst the best in the industry. VEON outperforms 100.00% of its industry peers.
VEON has a Return On Equity of 75.34%. This is amongst the best in the industry. VEON outperforms 100.00% of its industry peers.
The Return On Invested Capital of VEON (13.11%) is better than 100.00% of its industry peers.
VEON had an Average Return On Invested Capital over the past 3 years of 11.44%. This is significantly above the industry average of 5.83%.
The last Return On Invested Capital (13.11%) for VEON is above the 3 year average (11.44%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.63% | ||
| ROE | 75.34% | ||
| ROIC | 13.11% |
ROA(3y)-8.89%
ROA(5y)-4.97%
ROE(3y)-96.72%
ROE(5y)-77.85%
ROIC(3y)11.44%
ROIC(5y)10.01%
1.3 Margins
The Profit Margin of VEON (23.72%) is better than 95.45% of its industry peers.
VEON's Profit Margin has improved in the last couple of years.
The Operating Margin of VEON (25.22%) is better than 95.45% of its industry peers.
VEON's Operating Margin has been stable in the last couple of years.
With an excellent Gross Margin value of 87.75%, VEON belongs to the best of the industry, outperforming 95.45% of the companies in the same industry.
VEON's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 25.22% | ||
| PM (TTM) | 23.72% | ||
| GM | 87.75% |
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%
2. Health
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.
Compared to 1 year ago, VEON has more shares outstanding
VEON has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, VEON has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.32, we must say that VEON is in the distress zone and has some risk of bankruptcy.
VEON has a worse Altman-Z score (0.32) than 72.73% of its industry peers.
The Debt to FCF ratio of VEON is 3.88, which is a good value as it means it would take VEON, 3.88 years of fcf income to pay off all of its debts.
VEON has a Debt to FCF ratio of 3.88. This is amongst the best in the industry. VEON outperforms 86.36% of its industry peers.
VEON has a Debt/Equity ratio of 2.95. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 2.95, VEON is doing worse than 81.82% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.95 | ||
| Debt/FCF | 3.88 | ||
| Altman-Z | 0.32 |
ROIC/WACC1.65
WACC7.97%
2.3 Liquidity
A Current Ratio of 0.86 indicates that VEON may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.86, VEON is doing worse than 77.27% of the companies in the same industry.
VEON has a Quick Ratio of 0.86. This is a bad value and indicates that VEON is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of VEON (0.85) is worse than 68.18% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.86 | ||
| Quick Ratio | 0.85 |
3. Growth
3.1 Past
VEON shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 133.93%, which is quite impressive.
Measured over the past years, VEON shows a decrease in Earnings Per Share. The EPS has been decreasing by -8.57% on average per year.
Looking at the last year, VEON shows a small growth in Revenue. The Revenue has grown by 7.27% in the last year.
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)133.93%
EPS 3Y-15.41%
EPS 5Y-8.57%
EPS Q2Q%750%
Revenue 1Y (TTM)7.27%
Revenue growth 3Y1.32%
Revenue growth 5Y-14.69%
Sales Q2Q%5.84%
3.2 Future
The Earnings Per Share is expected to grow by 15.25% on average over the next years. This is quite good.
VEON is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.47% yearly.
EPS Next Y112.21%
EPS Next 2Y20.91%
EPS Next 3Y19.92%
EPS Next 5Y15.25%
Revenue Next Year8.36%
Revenue Next 2Y8.06%
Revenue Next 3Y7.1%
Revenue Next 5Y6.47%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
VEON is valuated cheaply with a Price/Earnings ratio of 7.89.
90.91% of the companies in the same industry are more expensive than VEON, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of VEON to the average of the S&P500 Index (25.89), we can say VEON is valued rather cheaply.
VEON is valuated cheaply with a Price/Forward Earnings ratio of 6.32.
Based on the Price/Forward Earnings ratio, VEON is valued cheaply inside the industry as 95.45% of the companies are valued more expensively.
VEON's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 34.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.89 | ||
| Fwd PE | 6.32 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, VEON is valued cheaper than 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.69 | ||
| EV/EBITDA | N/A |
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.
VEON's earnings are expected to grow with 19.92% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.07
PEG (5Y)N/A
EPS Next 2Y20.91%
EPS Next 3Y19.92%
5. Dividend
5.1 Amount
VEON does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NASDAQ:VEON (11/14/2025, 8:00:01 PM)
48.15
-0.26 (-0.54%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupTelecommunication Services
GICS IndustryWireless Telecommunication Services
Earnings (Last)
Earnings (Next)
Inst Owners25.53%
Inst Owner Change0.93%
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap3.40B
Revenue(TTM)4.15B
Net Income(TTM)984.00M
Analysts82.5
Price Target65.93 (36.93%)
Short Float %0.32%
Short Ratio1.52
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)19.54%
Min EPS beat(2)-21.57%
Max EPS beat(2)60.64%
EPS beat(4)2
Avg EPS beat(4)15.89%
Min EPS beat(4)-21.57%
Max EPS beat(4)60.64%
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)2
Avg Revenue beat(2)2.55%
Min Revenue beat(2)0.98%
Max Revenue beat(2)4.12%
Revenue beat(4)2
Avg Revenue beat(4)0.29%
Min Revenue beat(4)-2.08%
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)8.27%
EPS NQ rev (1m)-297.32%
EPS NQ rev (3m)-261.31%
EPS NY rev (1m)54.59%
EPS NY rev (3m)117.6%
Revenue NQ rev (1m)-0.27%
Revenue NQ rev (3m)4.4%
Revenue NY rev (1m)-0.25%
Revenue NY rev (3m)2.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 7.89 | ||
| Fwd PE | 6.32 | ||
| P/S | 0.82 | ||
| P/FCF | 2.69 | ||
| P/OCF | 2.76 | ||
| P/B | 2.6 | ||
| P/tB | N/A | ||
| EV/EBITDA | N/A |
EPS(TTM)6.1
EY12.67%
EPS(NY)7.61
Fwd EY15.81%
FCF(TTM)17.93
FCFY37.24%
OCF(TTM)17.47
OCFY36.27%
SpS58.71
BVpS18.48
TBVpS-3.5
PEG (NY)0.07
PEG (5Y)N/A
Graham Number50.37
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.63% | ||
| ROE | 75.34% | ||
| ROCE | 19.12% | ||
| ROIC | 13.11% | ||
| ROICexc | 19.47% | ||
| ROICexgc | 33.65% | ||
| OM | 25.22% | ||
| PM (TTM) | 23.72% | ||
| GM | 87.75% | ||
| FCFM | 30.54% |
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-Score5
Asset Turnover0.49
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.95 | ||
| Debt/FCF | 3.88 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 128.76% | ||
| Current Ratio | 0.86 | ||
| Quick Ratio | 0.85 | ||
| Altman-Z | 0.32 |
F-Score5
WACC7.97%
ROIC/WACC1.65
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)133.93%
EPS 3Y-15.41%
EPS 5Y-8.57%
EPS Q2Q%750%
EPS Next Y112.21%
EPS Next 2Y20.91%
EPS Next 3Y19.92%
EPS Next 5Y15.25%
Revenue 1Y (TTM)7.27%
Revenue growth 3Y1.32%
Revenue growth 5Y-14.69%
Sales Q2Q%5.84%
Revenue Next Year8.36%
Revenue Next 2Y8.06%
Revenue Next 3Y7.1%
Revenue Next 5Y6.47%
EBIT growth 1Y13.2%
EBIT growth 3Y-2.56%
EBIT growth 5Y-14.99%
EBIT Next Year77.19%
EBIT Next 3Y27.84%
EBIT Next 5Y19.07%
FCF growth 1Y-32.93%
FCF growth 3Y-13.93%
FCF growth 5Y-2.16%
OCF growth 1Y-40.82%
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 6 / 10 to VEON.
What is the valuation status for VEON stock?
ChartMill assigns a valuation rating of 9 / 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 9 / 10.
Can you provide the expected EPS growth for VEON stock?
The Earnings per Share (EPS) of VEON LTD (VEON) is expected to grow by 112.21% in the next year.
Is the dividend of VEON LTD sustainable?
The dividend rating of VEON LTD (VEON) is 0 / 10 and the dividend payout ratio is 0%.