53.1 USD
+0.03 (+0.06%)
Last: Feb 4, 2026, 10:43 AM
Overall VEON gets a fundamental rating of 5 out of 10. We evaluated VEON 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. VEON is valued quite cheap, while showing a decent growth score. This is a good combination!
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.
- In multiple years VEON reported negative net income over the last 5 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 7.31%. This is amongst the best in the industry. VEON outperforms 86.36% of its industry peers.
- The Return On Equity of VEON (46.60%) is better than 100.00% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 11.26%, VEON belongs to the top of the industry, outperforming 86.36% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for VEON 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
- 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.
- VEON's Profit Margin has improved in the last couple of years.
- The Operating Margin of VEON (22.43%) is better than 77.27% of its industry peers.
- VEON's Operating Margin has been stable in the last couple of years.
- 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 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
- 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.
- VEON has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for VEON has been reduced compared to a year ago.
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.
- The Debt to FCF ratio of VEON is 4.13, which is a neutral value as it means it would take VEON, 4.13 years of fcf income to pay off 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 Debt to Equity ratio of 2.92. This is amonst the worse of the industry: VEON underperforms 81.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.92 | ||
| Debt/FCF | 4.13 | ||
| Altman-Z | 0.31 |
ROIC/WACC1.28
WACC8.81%
2.3 Liquidity
- A Current Ratio of 0.95 indicates that VEON may have some problems paying its short term obligations.
- Looking at the Current ratio, with a value of 0.95, VEON is in line with its industry, outperforming 59.09% of the companies in the same industry.
- 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 59.09% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.95 | ||
| Quick Ratio | 0.94 |
3. Growth
3.1 Past
- VEON shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 120.14%, 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.
- The Revenue has been growing slightly by 6.74% in the past 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)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
- The Earnings Per Share is expected to grow by 15.44% on average over the next years. This is quite good.
- 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
- Based on the Price/Earnings ratio of 20.27, the valuation of VEON can be described as rather expensive.
- Compared to the rest of the industry, the Price/Earnings ratio of VEON is on the same level as its industry peers.
- VEON is valuated rather cheaply when we compare the Price/Earnings ratio to 28.18, which is the current average of the S&P500 Index.
- VEON is valuated cheaply with a Price/Forward Earnings ratio of 6.76.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of VEON indicates a rather cheap valuation: VEON is cheaper than 100.00% of the companies listed in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 25.51. VEON is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.27 | ||
| Fwd PE | 6.76 |
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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.01 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- The 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 22.25% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.24
PEG (5Y)N/A
EPS Next 2Y22.79%
EPS Next 3Y22.25%
5. Dividend
5.1 Amount
- VEON does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
NASDAQ:VEON (2/4/2026, 10:43:22 AM)
53.1
+0.03 (+0.06%)
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 Cap3.75B
Revenue(TTM)4.23B
Net Income(TTM)644.00M
Analysts82.5
Price Target72.27 (36.1%)
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 | 20.27 | ||
| Fwd PE | 6.76 | ||
| P/S | 0.89 | ||
| P/FCF | 3.01 | ||
| P/OCF | 3.03 | ||
| P/B | 2.71 | ||
| P/tB | N/A | ||
| EV/EBITDA | N/A |
EPS(TTM)2.62
EY4.93%
EPS(NY)7.85
Fwd EY14.79%
FCF(TTM)17.64
FCFY33.21%
OCF(TTM)17.55
OCFY33.05%
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 | 0.31 |
F-Score6
WACC8.81%
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 20.27 and the Price/Book (PB) ratio is 2.71.
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.