TELEFONICA BRASIL-ADR (VIV) Fundamental Analysis & Valuation

NYSE:VIV • US87936R2058

Current stock price

15.23 USD
-0.02 (-0.13%)
At close:
15.05 USD
-0.18 (-1.18%)
After Hours:

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

7

1. VIV Profitability Analysis

1.1 Basic Checks

  • In the past year VIV was profitable.
  • VIV had a positive operating cash flow in the past year.
  • In the past 5 years VIV has always been profitable.
  • In the past 5 years VIV always reported a positive cash flow from operatings.
VIV Yearly Net Income VS EBIT VS OCF VS FCFVIV 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 2025 5B 10B 15B 20B

1.2 Ratios

  • The Return On Assets of VIV (4.82%) is better than 75.68% of its industry peers.
  • VIV has a Return On Equity of 8.98%. This is in the better half of the industry: VIV outperforms 67.57% of its industry peers.
  • With an excellent Return On Invested Capital value of 7.97%, VIV belongs to the best of the industry, outperforming 86.49% of the companies in the same industry.
  • VIV had an Average Return On Invested Capital over the past 3 years of 7.05%. This is in line with the industry average of 5.91%.
  • The 3 year average ROIC (7.05%) for VIV is below the current ROIC(7.97%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 4.82%
ROE 8.98%
ROIC 7.97%
ROA(3y)4.47%
ROA(5y)4.45%
ROE(3y)8.05%
ROE(5y)7.81%
ROIC(3y)7.05%
ROIC(5y)6.21%
VIV Yearly ROA, ROE, ROICVIV Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • Looking at the Profit Margin, with a value of 10.35%, VIV is in the better half of the industry, outperforming 72.97% of the companies in the same industry.
  • In the last couple of years the Profit Margin of VIV has remained more or less at the same level.
  • VIV's Operating Margin of 16.45% is fine compared to the rest of the industry. VIV outperforms 67.57% of its industry peers.
  • In the last couple of years the Operating Margin of VIV has grown nicely.
  • VIV's Gross Margin of 44.75% is on the low side compared to the rest of the industry. VIV is outperformed by 70.27% of its industry peers.
  • VIV's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 16.45%
PM (TTM) 10.35%
GM 44.75%
OM growth 3Y7.77%
OM growth 5Y6.57%
PM growth 3Y6.77%
PM growth 5Y-1.32%
GM growth 3Y1.42%
GM growth 5Y-1.14%
VIV Yearly Profit, Operating, Gross MarginsVIV Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

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5

2. VIV Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VIV is destroying value.
  • Compared to 1 year ago, VIV has less shares outstanding
  • VIV has more shares outstanding than it did 5 years ago.
  • VIV has a better debt/assets ratio than last year.
VIV Yearly Shares OutstandingVIV Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
VIV Yearly Total Debt VS Total AssetsVIV Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B

2.2 Solvency

  • VIV has an Altman-Z score of 2.12. This is not the best score and indicates that VIV is in the grey zone with still only limited risk for bankruptcy at the moment.
  • VIV has a better Altman-Z score (2.12) than 83.78% of its industry peers.
  • VIV has a debt to FCF ratio of 1.81. This is a very positive value and a sign of high solvency as it would only need 1.81 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 1.81, VIV belongs to the top of the industry, outperforming 94.59% of the companies in the same industry.
  • A Debt/Equity ratio of 0.22 indicates that VIV is not too dependend on debt financing.
  • The Debt to Equity ratio of VIV (0.22) is better than 83.78% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 1.81
Altman-Z 2.12
ROIC/WACC0.57
WACC13.95%
VIV Yearly LT Debt VS Equity VS FCFVIV Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B

2.3 Liquidity

  • VIV has a Current Ratio of 1.00. This is a bad value and indicates that VIV is not financially healthy enough and could expect problems in meeting its short term obligations.
  • VIV has a worse Current ratio (1.00) than 62.16% of its industry peers.
  • VIV has a Quick Ratio of 1.00. This is a bad value and indicates that VIV is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 0.94, VIV is doing worse than 62.16% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1
Quick Ratio 0.94
VIV Yearly Current Assets VS Current LiabilitesVIV Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

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

5

3. VIV Growth Analysis

3.1 Past

  • VIV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.54%, which is quite good.
  • Measured over the past 5 years, VIV shows a small growth in Earnings Per Share. The EPS has been growing by 6.28% on average per year.
  • VIV shows a small growth in Revenue. In the last year, the Revenue has grown by 6.71%.
  • VIV shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.68% yearly.
EPS 1Y (TTM)11.54%
EPS 3Y15.45%
EPS 5Y6.28%
EPS Q2Q%1.85%
Revenue 1Y (TTM)6.71%
Revenue growth 3Y7.45%
Revenue growth 5Y6.68%
Sales Q2Q%7.06%

3.2 Future

  • VIV is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.97% yearly.
  • The Revenue is expected to grow by 7.47% on average over the next years.
EPS Next Y42.71%
EPS Next 2Y30.62%
EPS Next 3Y36.99%
EPS Next 5Y15.97%
Revenue Next Year6.08%
Revenue Next 2Y5.89%
Revenue Next 3Y5.85%
Revenue Next 5Y7.47%

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 stable: in the next years the growth will be about the same than in the last years.
VIV Yearly Revenue VS EstimatesVIV Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 20B 40B 60B 80B
VIV Yearly EPS VS EstimatesVIV Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6 8

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6

4. VIV Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 21.15, VIV is valued on the expensive side.
  • 64.86% of the companies in the same industry are more expensive than VIV, based on the Price/Earnings ratio.
  • VIV is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 24.75, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 14.86, the valuation of VIV can be described as correct.
  • Based on the Price/Forward Earnings ratio, VIV is valued a bit cheaper than the industry average as 67.57% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, VIV is valued a bit cheaper.
Industry RankSector Rank
PE 21.15
Fwd PE 14.86
VIV Price Earnings VS Forward Price EarningsVIV Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • VIV's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. VIV is cheaper than 75.68% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of VIV indicates a somewhat cheap valuation: VIV is cheaper than 62.16% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 11.36
EV/EBITDA 5.71
VIV Per share dataVIV EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

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.
  • VIV has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as VIV's earnings are expected to grow with 36.99% in the coming years.
PEG (NY)0.5
PEG (5Y)3.37
EPS Next 2Y30.62%
EPS Next 3Y36.99%

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

3

5. VIV Dividend Analysis

5.1 Amount

  • VIV has a yearly dividend return of 0.94%, which is pretty low.
  • VIV's Dividend Yield is a higher than the industry average which is at 2.23.
  • Compared to an average S&P500 Dividend Yield of 1.89, VIV's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.94%

5.2 History

  • The dividend of VIV decreases each year by -26.28%.
  • VIV has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-26.28%
Div Incr Years0
Div Non Decr Years0
VIV Yearly Dividends per shareVIV Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • 35.46% of the earnings are spent on dividend by VIV. This is a low number and sustainable payout ratio.
DP35.46%
EPS Next 2Y30.62%
EPS Next 3Y36.99%
VIV Yearly Income VS Free CF VS DividendVIV Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B
VIV Dividend Payout.VIV Dividend Payout, showing the Payout Ratio.VIV Dividend Payout.PayoutRetained Earnings

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VIV Fundamentals: All Metrics, Ratios and Statistics

TELEFONICA BRASIL-ADR

NYSE:VIV (3/30/2026, 8:04:00 PM)

After market: 15.05 -0.18 (-1.18%)

15.23

-0.02 (-0.13%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)02-23
Earnings (Next)05-11
Inst Owners12.89%
Inst Owner Change-3.14%
Ins OwnersN/A
Ins Owner Change0%
Market Cap24.33B
Revenue(TTM)59.59B
Net Income(TTM)6.17B
Analysts74.74
Price Target15.42 (1.25%)
Short Float %1.18%
Short Ratio4.58
Dividend
Industry RankSector Rank
Dividend Yield 0.94%
Yearly Dividend0.26
Dividend Growth(5Y)-26.28%
DP35.46%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-24
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)6.74%
Min EPS beat(2)-1.08%
Max EPS beat(2)14.56%
EPS beat(4)1
Avg EPS beat(4)1.29%
Min EPS beat(4)-5.9%
Max EPS beat(4)14.56%
EPS beat(8)3
Avg EPS beat(8)-1.52%
EPS beat(12)6
Avg EPS beat(12)1.82%
EPS beat(16)7
Avg EPS beat(16)-0.97%
Revenue beat(2)0
Avg Revenue beat(2)-2.5%
Min Revenue beat(2)-2.75%
Max Revenue beat(2)-2.26%
Revenue beat(4)0
Avg Revenue beat(4)-2.57%
Min Revenue beat(4)-2.75%
Max Revenue beat(4)-2.26%
Revenue beat(8)0
Avg Revenue beat(8)-2.68%
Revenue beat(12)0
Avg Revenue beat(12)-2.34%
Revenue beat(16)1
Avg Revenue beat(16)-2.19%
PT rev (1m)0%
PT rev (3m)5.23%
EPS NQ rev (1m)-8.68%
EPS NQ rev (3m)-7.85%
EPS NY rev (1m)0.55%
EPS NY rev (3m)1.18%
Revenue NQ rev (1m)-0.01%
Revenue NQ rev (3m)0.1%
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)0.2%
Valuation
Industry RankSector Rank
PE 21.15
Fwd PE 14.86
P/S 2.15
P/FCF 11.36
P/OCF 6.17
P/B 1.86
P/tB 6.16
EV/EBITDA 5.71
EPS(TTM)0.72
EY4.73%
EPS(NY)1.03
Fwd EY6.73%
FCF(TTM)1.34
FCFY8.8%
OCF(TTM)2.47
OCFY16.2%
SpS7.1
BVpS8.18
TBVpS2.47
PEG (NY)0.5
PEG (5Y)3.37
Graham Number11.51
Profitability
Industry RankSector Rank
ROA 4.82%
ROE 8.98%
ROCE 9.53%
ROIC 7.97%
ROICexc 8.56%
ROICexgc 17.17%
OM 16.45%
PM (TTM) 10.35%
GM 44.75%
FCFM 18.89%
ROA(3y)4.47%
ROA(5y)4.45%
ROE(3y)8.05%
ROE(5y)7.81%
ROIC(3y)7.05%
ROIC(5y)6.21%
ROICexc(3y)7.51%
ROICexc(5y)6.58%
ROICexgc(3y)15.24%
ROICexgc(5y)13.42%
ROCE(3y)8.44%
ROCE(5y)7.45%
ROICexgc growth 3Y13.5%
ROICexgc growth 5Y12.12%
ROICexc growth 3Y15.38%
ROICexc growth 5Y11.05%
OM growth 3Y7.77%
OM growth 5Y6.57%
PM growth 3Y6.77%
PM growth 5Y-1.32%
GM growth 3Y1.42%
GM growth 5Y-1.14%
F-Score8
Asset Turnover0.47
Health
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 1.81
Debt/EBITDA 0.61
Cap/Depr 63.28%
Cap/Sales 15.87%
Interest Coverage 4.25
Cash Conversion 83.71%
Profit Quality 182.56%
Current Ratio 1
Quick Ratio 0.94
Altman-Z 2.12
F-Score8
WACC13.95%
ROIC/WACC0.57
Cap/Depr(3y)64.91%
Cap/Depr(5y)70.02%
Cap/Sales(3y)16.49%
Cap/Sales(5y)18.24%
Profit Quality(3y)190.36%
Profit Quality(5y)186.65%
High Growth Momentum
Growth
EPS 1Y (TTM)11.54%
EPS 3Y15.45%
EPS 5Y6.28%
EPS Q2Q%1.85%
EPS Next Y42.71%
EPS Next 2Y30.62%
EPS Next 3Y36.99%
EPS Next 5Y15.97%
Revenue 1Y (TTM)6.71%
Revenue growth 3Y7.45%
Revenue growth 5Y6.68%
Sales Q2Q%7.06%
Revenue Next Year6.08%
Revenue Next 2Y5.89%
Revenue Next 3Y5.85%
Revenue Next 5Y7.47%
EBIT growth 1Y16.8%
EBIT growth 3Y15.79%
EBIT growth 5Y13.69%
EBIT Next Year175.48%
EBIT Next 3Y44.07%
EBIT Next 5Y32.55%
FCF growth 1Y6.7%
FCF growth 3Y7.56%
FCF growth 5Y0.37%
OCF growth 1Y4.23%
OCF growth 3Y3.03%
OCF growth 5Y1.38%

TELEFONICA BRASIL-ADR / VIV Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for TELEFONICA BRASIL-ADR?

ChartMill assigns a fundamental rating of 6 / 10 to VIV.


What is the valuation status for VIV stock?

ChartMill assigns a valuation rating of 6 / 10 to TELEFONICA BRASIL-ADR (VIV). This can be considered as Fairly Valued.


How profitable is TELEFONICA BRASIL-ADR (VIV) stock?

TELEFONICA BRASIL-ADR (VIV) has a profitability rating of 7 / 10.


What is the valuation of TELEFONICA BRASIL-ADR based on its PE and PB ratios?

The Price/Earnings (PE) ratio for TELEFONICA BRASIL-ADR (VIV) is 21.15 and the Price/Book (PB) ratio is 1.86.


What is the earnings growth outlook for TELEFONICA BRASIL-ADR?

The Earnings per Share (EPS) of TELEFONICA BRASIL-ADR (VIV) is expected to grow by 42.71% in the next year.