TELEFONICA BRASIL-ADR (VIV) Stock Fundamental Analysis

NYSE:VIV • US87936R2058

16.91 USD
+0.34 (+2.05%)
At close: Feb 27, 2026
18.474 USD
+1.56 (+9.25%)
After Hours: 2/27/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

Overall VIV gets a fundamental rating of 5 out of 10. We evaluated VIV against 37 industry peers in the Diversified Telecommunication Services industry. VIV has only an average score on both its financial health and profitability. VIV has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year VIV was profitable.
  • In the past year VIV had a positive cash flow from operations.
  • VIV had positive earnings in each of the past 5 years.
  • 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

  • With a decent Return On Assets value of 4.89%, VIV is doing good in the industry, outperforming 70.27% of the companies in the same industry.
  • 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.
  • VIV has a better Return On Invested Capital (7.84%) than 86.49% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for VIV is in line with the industry average of 5.99%.
  • The 3 year average ROIC (6.41%) for VIV is below the current ROIC(7.84%), indicating increased profibility in the last year.
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 2025 2 4 6 8 10

1.3 Margins

  • Looking at the Profit Margin, with a value of 10.34%, VIV is in the better half of the industry, outperforming 67.57% of the companies in the same industry.
  • VIV's Profit Margin has declined in the last couple of years.
  • The Operating Margin of VIV (15.52%) is comparable to the rest of the industry.
  • VIV's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 44.27%, VIV is doing worse than 64.86% of the companies in the same industry.
  • 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 2025 10 20 30 40 50

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VIV is destroying value.
  • VIV has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, VIV has more shares outstanding
  • 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 2.33. 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's Altman-Z score of 2.33 is amongst the best of the industry. VIV outperforms 83.78% of its industry peers.
  • VIV has a debt to FCF ratio of 1.74. This is a very positive value and a sign of high solvency as it would only need 1.74 years to pay back of all of its debts.
  • The Debt to FCF ratio of VIV (1.74) is better than 94.59% of its industry peers.
  • VIV has a Debt/Equity ratio of 0.19. This is a healthy value indicating a solid balance between debt and equity.
  • With an excellent Debt to Equity ratio value of 0.19, VIV belongs to the best 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 2.33
ROIC/WACC0.56
WACC14.12%
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 1.02. This is a normal value and indicates that VIV is financially healthy and should not expect problems in meeting its short term obligations.
  • VIV has a worse Current ratio (1.02) 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 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

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

  • VIV is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.07% yearly.
  • 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

  • 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.
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

6

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 22.85, the valuation of VIV can be described as rather expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of VIV indicates a somewhat cheap valuation: VIV is cheaper than 67.57% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.07, VIV is valued at the same level.
  • A Price/Forward Earnings ratio of 16.27 indicates a correct valuation of VIV.
  • Based on the Price/Forward Earnings ratio, VIV is valued a bit cheaper than 72.97% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.05, VIV is valued a bit cheaper.
Industry RankSector Rank
PE 22.85
Fwd PE 16.27
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 72.97% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, VIV is valued a bit cheaper than 64.86% of the companies in the same industry.
Industry RankSector Rank
P/FCF 13.37
EV/EBITDA 6.28
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 24.91% in the coming years.
PEG (NY)0.55
PEG (5Y)3.59
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 0.92%, VIV is not a good candidate for dividend investing.
  • VIV's Dividend Yield is a higher than the industry average which is at 2.19.
  • Compared to an average S&P500 Dividend Yield of 1.82, VIV's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.92%

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

  • 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 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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Find the best dividend stocksShow peers with best dividend

TELEFONICA BRASIL-ADR

NYSE:VIV (2/27/2026, 8:04:00 PM)

After market: 18.474 +1.56 (+9.25%)

16.91

+0.34 (+2.05%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)02-23
Earnings (Next)05-11
Inst Owners13.02%
Inst Owner Change-3.21%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap27.02B
Revenue(TTM)N/A
Net Income(TTM)6.05B
Analysts75
Price Target15.42 (-8.81%)
Short Float %1.38%
Short Ratio5.59
Dividend
Industry RankSector Rank
Dividend Yield 0.92%
Yearly Dividend0.26
Dividend Growth(5Y)-26.28%
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 22.85
Fwd PE 16.27
P/S 2.38
P/FCF 13.37
P/OCF 6.92
P/B 2.04
P/tB 6.66
EV/EBITDA 6.28
EPS(TTM)0.74
EY4.38%
EPS(NY)1.04
Fwd EY6.15%
FCF(TTM)1.26
FCFY7.48%
OCF(TTM)2.45
OCFY14.46%
SpS7.11
BVpS8.31
TBVpS2.54
PEG (NY)0.55
PEG (5Y)3.59
Graham Number11.76
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 2.33
F-Score9
WACC14.12%
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 22.85 and the Price/Book (PB) ratio is 2.04.


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.