VEON LTD (VEON) Fundamental Analysis & Valuation

NASDAQ:VEON • US91822M5022

Current stock price

48.49 USD
+0.77 (+1.61%)
Last:

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.
  • VEON had a positive operating cash flow in the past year.
  • In multiple years VEON reported negative net income over the last 5 years.
  • Of the past 5 years VEON 4 years 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 has a Return On Assets of 7.31%. This is in the better half of the industry: VEON outperforms 77.27% of its industry peers.
  • The Return On Equity of VEON (46.60%) is better than 100.00% of its industry peers.
  • The Return On Invested Capital of VEON (11.26%) is better than 81.82% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for VEON is above the industry average of 7.40%.
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

  • VEON has a Profit Margin of 15.24%. This is amongst the best in the industry. VEON outperforms 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.
  • VEON has a Gross Margin of 88.24%. This is amongst the best in the industry. VEON outperforms 90.91% of its industry peers.
  • 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

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), VEON is creating some value.
  • There is no outstanding debt for VEON. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and 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

  • Based on the Altman-Z score of 0.28, we must say that VEON is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 0.28, VEON is doing worse than 63.64% 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 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.
  • The Debt to Equity ratio of VEON (2.92) is worse than 81.82% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.92
Debt/FCF 4.13
Altman-Z 0.28
ROIC/WACC1.36
WACC8.26%
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

  • VEON has a Current 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.
  • VEON's Current ratio of 0.95 is in line compared to the rest of the industry. VEON outperforms 50.00% 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.
  • VEON has a Quick ratio of 0.94. This is comparable to the rest of the industry: VEON outperforms 54.55% of its industry peers.
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 -27.02% on average. This is quite bad
EPS 1Y (TTM)N/A
EPS 3YN/A
EPS 5Y-27.02%
EPS Q2Q%-145.92%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%17.33%

3.2 Future

  • VEON is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 59.10% yearly.
  • VEON is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.08% yearly.
EPS Next Y537.07%
EPS Next 2Y173.08%
EPS Next 3Y101.58%
EPS Next 5Y59.1%
Revenue Next Year8.63%
Revenue Next 2Y6.51%
Revenue Next 3Y5.83%
Revenue Next 5Y6.08%

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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7

4. VEON Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 40.75, VEON can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Earnings ratio of VEON is on the same level as its industry peers.
  • VEON's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.21.
  • A Price/Forward Earnings ratio of 6.40 indicates a rather cheap valuation of VEON.
  • 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.
  • The average S&P500 Price/Forward Earnings ratio is at 23.13. VEON is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 40.75
Fwd PE 6.4
VEON Price Earnings VS Forward Price EarningsVEON Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • 100.00% of the companies in the same industry are more expensive than VEON, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 2.75
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.
  • A more expensive valuation may be justified as VEON's earnings are expected to grow with 101.58% in the coming years.
PEG (NY)0.08
PEG (5Y)N/A
EPS Next 2Y173.08%
EPS Next 3Y101.58%

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%

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VEON Fundamentals: All Metrics, Ratios and Statistics

VEON LTD

NASDAQ:VEON (4/6/2026, 8:12:56 PM)

48.49

+0.77 (+1.61%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryWireless Telecommunication Services
Earnings (Last)03-13
Earnings (Next)05-13
Inst Owners26.57%
Inst Owner Change0%
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap3.43B
Revenue(TTM)N/A
Net Income(TTM)644.00M
Analysts82.5
Price Target77.11 (59.02%)
Short Float %5.94%
Short Ratio1.58
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)6.7%
PT rev (3m)6.78%
EPS NQ rev (1m)-11.29%
EPS NQ rev (3m)-11.29%
EPS NY rev (1m)0%
EPS NY rev (3m)8.12%
Revenue NQ rev (1m)-0.79%
Revenue NQ rev (3m)-0.7%
Revenue NY rev (1m)-0.05%
Revenue NY rev (3m)0.23%
Valuation
Industry RankSector Rank
PE 40.75
Fwd PE 6.4
P/S 0.81
P/FCF 2.75
P/OCF 2.76
P/B 2.48
P/tB N/A
EV/EBITDA N/A
EPS(TTM)1.19
EY2.45%
EPS(NY)7.58
Fwd EY15.63%
FCF(TTM)17.64
FCFY36.37%
OCF(TTM)17.55
OCFY36.19%
SpS59.81
BVpS19.56
TBVpS-2.17
PEG (NY)0.08
PEG (5Y)N/A
Graham Number22.89
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 0.28
F-Score6
WACC8.26%
ROIC/WACC1.36
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-27.02%
EPS Q2Q%-145.92%
EPS Next Y537.07%
EPS Next 2Y173.08%
EPS Next 3Y101.58%
EPS Next 5Y59.1%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%17.33%
Revenue Next Year8.63%
Revenue Next 2Y6.51%
Revenue Next 3Y5.83%
Revenue Next 5Y6.08%
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.


How profitable is VEON LTD (VEON) stock?

VEON LTD (VEON) has a profitability rating of 7 / 10.


What are the PE and PB ratios of VEON LTD (VEON) stock?

The Price/Earnings (PE) ratio for VEON LTD (VEON) is 40.75 and the Price/Book (PB) ratio is 2.48.


How sustainable is the dividend of VEON LTD (VEON) stock?

The dividend rating of VEON LTD (VEON) is 0 / 10 and the dividend payout ratio is 0%.