TELEFONICA BRASIL-ADR (VIV) Stock Fundamental Analysis

NYSE:VIV • US87936R2058

16.44 USD
-0.14 (-0.84%)
At close: Feb 25, 2026
16.2323 USD
-0.21 (-1.26%)
After Hours: 2/25/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to VIV. VIV was compared to 37 industry peers in the Diversified Telecommunication Services industry. VIV has an average financial health and profitability rating. VIV has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • In the past year VIV was profitable.
  • VIV had a positive operating cash flow in the past year.
  • VIV had positive earnings in 4 of the past 5 years.
  • Of the past 5 years VIV 4 years had a positive operating cash flow.
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 5B 10B 15B

1.2 Ratios

  • VIV has a better Return On Assets (4.89%) than 70.27% of its industry peers.
  • VIV's Return On Equity of 8.85% is fine compared to the rest of the industry. VIV outperforms 67.57% of its industry peers.
  • The Return On Invested Capital of VIV (7.84%) is better than 86.49% of its industry peers.
  • VIV had an Average Return On Invested Capital over the past 3 years of 6.41%. This is in line with the industry average of 5.97%.
  • The last Return On Invested Capital (7.84%) for VIV is above the 3 year average (6.41%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.89%
ROE 8.85%
ROIC 7.84%
ROA(3y)4.01%
ROA(5y)4.36%
ROE(3y)7.05%
ROE(5y)7.39%
ROIC(3y)6.41%
ROIC(5y)5.75%
VIV Yearly ROA, ROE, ROICVIV Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • With a decent Profit Margin value of 10.34%, VIV is doing good in the industry, outperforming 67.57% of the companies in the same industry.
  • VIV's Profit Margin has declined in the last couple of years.
  • VIV has a Operating Margin (15.52%) which is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of VIV has remained more or less at the same level.
  • The Gross Margin of VIV (44.27%) is worse than 64.86% of its industry peers.
  • In the last couple of years the Gross Margin of VIV has declined.
Industry RankSector Rank
OM 15.52%
PM (TTM) 10.34%
GM 44.27%
OM growth 3Y9.5%
OM growth 5Y1.09%
PM growth 3Y-11.16%
PM growth 5Y-2.54%
GM growth 3Y0.11%
GM growth 5Y-2.57%
VIV Yearly Profit, Operating, Gross MarginsVIV Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40 50

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • VIV has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • VIV has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
VIV Yearly Shares OutstandingVIV Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 20B 40B 60B 80B 100B

2.2 Solvency

  • VIV has an Altman-Z score of 2.28. 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.
  • Looking at the Altman-Z score, with a value of 2.28, VIV belongs to the top of the industry, outperforming 83.78% of the companies in the same industry.
  • The Debt to FCF ratio of VIV is 1.74, which is an excellent value as it means it would take VIV, only 1.74 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of VIV (1.74) is better than 94.59% of its industry peers.
  • A Debt/Equity ratio of 0.19 indicates that VIV is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.19, VIV belongs to the top of the industry, outperforming 86.49% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 1.74
Altman-Z 2.28
ROIC/WACC0.56
WACC14.06%
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 20B 40B 60B

2.3 Liquidity

  • VIV has a Current Ratio of 1.02. This is a normal value and indicates that VIV is financially healthy and should not expect problems in meeting its short term obligations.
  • The Current ratio of VIV (1.02) is worse than 62.16% of its industry peers.
  • A Quick Ratio of 0.96 indicates that VIV may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.96, VIV is not doing good in the industry: 64.86% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.02
Quick Ratio 0.96
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 5B 10B 15B 20B

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

3

3. Growth

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.
  • VIV shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.36% yearly.
EPS 1Y (TTM)11.54%
EPS 3Y15.45%
EPS 5Y6.36%
EPS Q2Q%1.85%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%7.06%

3.2 Future

  • The Earnings Per Share is expected to grow by 16.07% on average over the next years. This is quite good.
  • Based on estimates for the next years, VIV will show a small growth in Revenue. The Revenue will grow by 7.47% on average per year.
EPS Next Y41.39%
EPS Next 2Y30.44%
EPS Next 3Y24.91%
EPS Next 5Y16.07%
Revenue Next Year5.99%
Revenue Next 2Y5.89%
Revenue Next 3Y5.77%
Revenue Next 5Y7.47%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better 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

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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 22.22, the valuation of VIV can be described as rather expensive.
  • Based on the Price/Earnings ratio, VIV is valued a bit cheaper than 70.27% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.05. VIV is around the same levels.
  • VIV is valuated correctly with a Price/Forward Earnings ratio of 15.74.
  • Based on the Price/Forward Earnings ratio, VIV is valued a bit cheaper than 72.97% of the companies in the same industry.
  • VIV is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 28.03, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 22.22
Fwd PE 15.74
VIV Price Earnings VS Forward Price EarningsVIV Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, VIV is valued a bit cheaper than the industry average as 72.97% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, VIV is valued a bit cheaper than the industry average as 64.86% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 12.93
EV/EBITDA 6.09
VIV Per share dataVIV EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

  • VIV's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • VIV's earnings are expected to grow with 24.91% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.54
PEG (5Y)3.49
EPS Next 2Y30.44%
EPS Next 3Y24.91%

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

3

5. Dividend

5.1 Amount

  • With a yearly dividend of 0.95%, VIV is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 2.23, VIV pays a bit more dividend than its industry peers.
  • With a Dividend Yield of 0.95, VIV pays less dividend than the S&P500 average, which is at 1.80.
Industry RankSector Rank
Dividend Yield 0.95%

5.2 History

  • The dividend of VIV decreases each year by -26.73%.
  • VIV has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-26.73%
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

  • 42.62% of the earnings are spent on dividend by VIV. This is a bit on the high side, but may be sustainable.
DP42.62%
EPS Next 2Y30.44%
EPS Next 3Y24.91%
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 2B 4B 6B 8B 10B
VIV Dividend Payout.VIV Dividend Payout, showing the Payout Ratio.VIV Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

TELEFONICA BRASIL-ADR

NYSE:VIV (2/25/2026, 8:04:00 PM)

After market: 16.2323 -0.21 (-1.26%)

16.44

-0.14 (-0.84%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)02-23
Earnings (Next)05-11
Inst Owners13.02%
Inst Owner Change-3.38%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap26.27B
Revenue(TTM)N/A
Net Income(TTM)6.05B
Analysts75
Price Target15.42 (-6.2%)
Short Float %1.38%
Short Ratio5.59
Dividend
Industry RankSector Rank
Dividend Yield 0.95%
Yearly Dividend0.3
Dividend Growth(5Y)-26.73%
DP42.62%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-24
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.33%
Min EPS beat(2)-5.9%
Max EPS beat(2)14.56%
EPS beat(4)2
Avg EPS beat(4)2.01%
Min EPS beat(4)-5.9%
Max EPS beat(4)14.56%
EPS beat(8)4
Avg EPS beat(8)0.1%
EPS beat(12)6
Avg EPS beat(12)1.63%
EPS beat(16)8
Avg EPS beat(16)3.46%
Revenue beat(2)0
Avg Revenue beat(2)-2.65%
Min Revenue beat(2)-2.75%
Max Revenue beat(2)-2.56%
Revenue beat(4)0
Avg Revenue beat(4)-2.66%
Min Revenue beat(4)-2.75%
Max Revenue beat(4)-2.56%
Revenue beat(8)0
Avg Revenue beat(8)-2.8%
Revenue beat(12)0
Avg Revenue beat(12)-2.35%
Revenue beat(16)1
Avg Revenue beat(16)-2.17%
PT rev (1m)5.23%
PT rev (3m)1.62%
EPS NQ rev (1m)3.49%
EPS NQ rev (3m)5.22%
EPS NY rev (1m)0%
EPS NY rev (3m)0.56%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)-0.23%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)0.08%
Valuation
Industry RankSector Rank
PE 22.22
Fwd PE 15.74
P/S 2.3
P/FCF 12.93
P/OCF 6.69
P/B 1.97
P/tB 6.44
EV/EBITDA 6.09
EPS(TTM)0.74
EY4.5%
EPS(NY)1.04
Fwd EY6.36%
FCF(TTM)1.27
FCFY7.73%
OCF(TTM)2.46
OCFY14.95%
SpS7.15
BVpS8.35
TBVpS2.55
PEG (NY)0.54
PEG (5Y)3.49
Graham Number11.79
Profitability
Industry RankSector Rank
ROA 4.89%
ROE 8.85%
ROCE 9.09%
ROIC 7.84%
ROICexc 8.41%
ROICexgc 17.16%
OM 15.52%
PM (TTM) 10.34%
GM 44.27%
FCFM 17.79%
ROA(3y)4.01%
ROA(5y)4.36%
ROE(3y)7.05%
ROE(5y)7.39%
ROIC(3y)6.41%
ROIC(5y)5.75%
ROICexc(3y)6.73%
ROICexc(5y)6.07%
ROICexgc(3y)13.87%
ROICexgc(5y)12.32%
ROCE(3y)7.43%
ROCE(5y)6.68%
ROICexgc growth 3Y16.7%
ROICexgc growth 5Y5.97%
ROICexc growth 3Y15.84%
ROICexc growth 5Y4.31%
OM growth 3Y9.5%
OM growth 5Y1.09%
PM growth 3Y-11.16%
PM growth 5Y-2.54%
GM growth 3Y0.11%
GM growth 5Y-2.57%
F-Score9
Asset Turnover0.47
Health
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 1.74
Debt/EBITDA 0.55
Cap/Depr 65.34%
Cap/Sales 16.6%
Interest Coverage 3.93
Cash Conversion 84.03%
Profit Quality 172.08%
Current Ratio 1.02
Quick Ratio 0.96
Altman-Z 2.28
F-Score9
WACC14.06%
ROIC/WACC0.56
Cap/Depr(3y)69.87%
Cap/Depr(5y)72.13%
Cap/Sales(3y)18.07%
Cap/Sales(5y)18.91%
Profit Quality(3y)203.34%
Profit Quality(5y)196.48%
High Growth Momentum
Growth
EPS 1Y (TTM)11.54%
EPS 3Y15.45%
EPS 5Y6.36%
EPS Q2Q%1.85%
EPS Next Y41.39%
EPS Next 2Y30.44%
EPS Next 3Y24.91%
EPS Next 5Y16.07%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%7.06%
Revenue Next Year5.99%
Revenue Next 2Y5.89%
Revenue Next 3Y5.77%
Revenue Next 5Y7.47%
EBIT growth 1Y9.97%
EBIT growth 3Y18.52%
EBIT growth 5Y5.9%
EBIT Next Year182.18%
EBIT Next 3Y49.06%
EBIT Next 5Y28.19%
FCF growth 1Y-1.34%
FCF growth 3Y6.33%
FCF growth 5Y3.51%
OCF growth 1Y2.63%
OCF growth 3Y3.22%
OCF growth 5Y2.32%

TELEFONICA BRASIL-ADR / VIV FAQ

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

ChartMill assigns a fundamental rating of 4 / 10 to VIV.


What is the valuation status for VIV stock?

ChartMill assigns a valuation rating of 5 / 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 5 / 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 22.22 and the Price/Book (PB) ratio is 1.97.


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 41.39% in the next year.