52.62 USD
+0.59 (+1.13%)
Last: Feb 6, 2026, 08:10 PM
Taking everything into account, VEON scores 5 out of 10 in our fundamental rating. VEON was compared to 22 industry peers in the Wireless Telecommunication Services industry. VEON has an excellent profitability rating, but there are concerns on its financial health. VEON scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
- In the past year VEON was profitable.
- VEON had a positive operating cash flow in the past year.
- In multiple years VEON reported negative net income over the last 5 years.
- VEON had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- The Return On Assets of VEON (7.31%) is better than 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.
- The Return On Invested Capital of VEON (11.26%) is better than 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 Rank | Sector 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%
1.3 Margins
- VEON's Profit Margin of 15.24% is amongst the best of the industry. VEON outperforms 90.91% of its industry peers.
- VEON's Profit Margin has improved in the last couple of years.
- VEON's Operating Margin of 22.43% is fine compared to the rest of the industry. VEON outperforms 77.27% of its industry peers.
- In the last couple of years the Operating Margin of VEON has remained more or less at the same level.
- The Gross Margin of VEON (88.24%) is better than 95.45% of its industry peers.
- VEON's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
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.
- VEON has more shares outstanding than it did 1 year ago.
- The number of shares outstanding for VEON has been increased compared to 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 0.30, we must say that VEON is in the distress zone and has some risk of bankruptcy.
- VEON has a Altman-Z score of 0.30. This is in the lower half of the industry: VEON underperforms 68.18% 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 has a better Debt to FCF ratio (4.13) than 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 has a worse Debt to Equity ratio (2.92) than 81.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.92 | ||
| Debt/FCF | 4.13 | ||
| Altman-Z | 0.3 |
ROIC/WACC1.28
WACC8.78%
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 (0.95) which is comparable to the rest of the industry.
- A Quick Ratio of 0.94 indicates that VEON may have some problems paying its short term obligations.
- VEON has a Quick ratio (0.94) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.95 | ||
| Quick Ratio | 0.94 |
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.
- The Revenue has been growing slightly by 6.74% in the past year.
- The Revenue for VEON have been decreasing by -14.69% on average. This is quite bad
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 15.44% on average per year.
- Based on estimates for the next years, VEON will show a small growth in Revenue. The Revenue will grow by 6.47% on average per year.
EPS Next Y83.29%
EPS Next 2Y22.79%
EPS Next 3Y22.25%
EPS Next 5Y15.44%
Revenue Next Year9.29%
Revenue Next 2Y8.6%
Revenue Next 3Y7.56%
Revenue Next 5Y6.47%
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.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 20.08, which indicates a rather expensive current valuation of VEON.
- VEON's Price/Earnings is on the same level as the industry average.
- When comparing the Price/Earnings ratio of VEON to the average of the S&P500 Index (27.92), we can say VEON is valued slightly cheaper.
- The Price/Forward Earnings ratio is 6.70, which indicates a rather cheap valuation of VEON.
- Based on the Price/Forward Earnings ratio, VEON is valued cheaper than 100.00% of the companies in the same industry.
- VEON's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.78.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.08 | ||
| Fwd PE | 6.7 |
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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.98 | ||
| 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.
- A more expensive valuation may be justified as VEON's earnings are expected to grow with 22.25% in the coming years.
PEG (NY)0.24
PEG (5Y)N/A
EPS Next 2Y22.79%
EPS Next 3Y22.25%
5. Dividend
5.1 Amount
- No dividends for VEON!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
NASDAQ:VEON (2/6/2026, 8:10:22 PM)
52.62
+0.59 (+1.13%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupTelecommunication Services
GICS IndustryWireless Telecommunication Services
Earnings (Last)11-10 2025-11-10/bmo
Earnings (Next)03-16 2026-03-16/amc
Inst Owners26.04%
Inst Owner Change1.07%
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap3.72B
Revenue(TTM)4.23B
Net Income(TTM)644.00M
Analysts82.5
Price Target72.27 (37.34%)
Short Float %8.74%
Short Ratio2.86
Dividend
| Industry Rank | Sector 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)3.33%
EPS NY rev (1m)8.21%
EPS NY rev (3m)33.52%
Revenue NQ rev (1m)0.09%
Revenue NQ rev (3m)0.53%
Revenue NY rev (1m)0.7%
Revenue NY rev (3m)0.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.08 | ||
| Fwd PE | 6.7 | ||
| P/S | 0.88 | ||
| P/FCF | 2.98 | ||
| P/OCF | 3 | ||
| P/B | 2.69 | ||
| P/tB | N/A | ||
| EV/EBITDA | N/A |
EPS(TTM)2.62
EY4.98%
EPS(NY)7.85
Fwd EY14.93%
FCF(TTM)17.64
FCFY33.51%
OCF(TTM)17.55
OCFY33.35%
SpS59.81
BVpS19.56
TBVpS-2.17
PEG (NY)0.24
PEG (5Y)N/A
Graham Number33.96
Profitability
| Industry Rank | Sector 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 Rank | Sector 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
WACC8.78%
ROIC/WACC1.28
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 Y83.29%
EPS Next 2Y22.79%
EPS Next 3Y22.25%
EPS Next 5Y15.44%
Revenue 1Y (TTM)6.74%
Revenue growth 3Y1.32%
Revenue growth 5Y-14.69%
Sales Q2Q%7.52%
Revenue Next Year9.29%
Revenue Next 2Y8.6%
Revenue Next 3Y7.56%
Revenue Next 5Y6.47%
EBIT growth 1Y2.82%
EBIT growth 3Y-2.56%
EBIT growth 5Y-14.99%
EBIT Next Year76.83%
EBIT Next 3Y28.9%
EBIT Next 5Y19.07%
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 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 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 20.08 and the Price/Book (PB) ratio is 2.69.
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 83.29% in the next year.