TELEFONICA BRASIL-ADR (VIV) Stock Fundamental Analysis

NYSE:VIV • US87936R2058

15.74 USD
+0.05 (+0.32%)
At close: Feb 20, 2026
15.74 USD
0 (0%)
After Hours: 2/20/2026, 8:09:32 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 an average financial health and profitability rating. VIV has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • VIV had positive earnings in the past year.
  • VIV had a positive operating cash flow in the past year.
  • 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 5B 10B 15B

1.2 Ratios

  • VIV's Return On Assets of 4.89% is fine compared to the rest of the industry. VIV outperforms 70.27% of its industry peers.
  • VIV has a better Return On Equity (8.85%) than 67.57% of its industry peers.
  • VIV has a better Return On Invested Capital (7.84%) than 86.49% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for VIV is in line with the industry average of 6.69%.
  • 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 2 4 6 8 10

1.3 Margins

  • VIV's Profit Margin of 10.34% is fine compared to the rest of the industry. VIV outperforms 67.57% of its industry peers.
  • In the last couple of years the Profit Margin of VIV has declined.
  • Looking at the Operating Margin, with a value of 15.52%, VIV is in line with its industry, outperforming 56.76% of the companies in the same industry.
  • VIV's Operating Margin has been stable in the last couple of years.
  • VIV has a worse Gross Margin (44.27%) than 62.16% of its industry peers.
  • VIV's Gross Margin has declined in the last couple of years.
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

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
  • Compared to 1 year ago, VIV has a worse debt to assets ratio.
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 2.24. 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.
  • With an excellent Altman-Z score value of 2.24, VIV belongs to the best 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.
  • VIV has a Debt to FCF ratio of 1.74. This is amongst the best in the industry. VIV outperforms 94.59% of its industry peers.
  • A Debt/Equity ratio of 0.19 indicates that VIV is not too dependend on debt financing.
  • VIV has a better Debt to Equity ratio (0.19) than 86.49% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 1.74
Altman-Z 2.24
ROIC/WACC0.55
WACC14.13%
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

  • A Current Ratio of 1.02 indicates that VIV should not have too much problems paying its short term obligations.
  • VIV has a Current ratio (1.02) which is in line with its industry peers.
  • A Quick Ratio of 0.96 indicates that VIV may have some problems paying its short term obligations.
  • VIV's Quick ratio of 0.96 is in line compared to the rest of the industry. VIV outperforms 43.24% of its industry peers.
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

4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 14.68% over the past year.
  • Measured over the past years, VIV shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -10.63% on average per year.
  • VIV shows a small growth in Revenue. In the last year, the Revenue has grown by 6.88%.
  • Measured over the past years, VIV shows a small growth in Revenue. The Revenue has been growing by 4.76% on average per year.
EPS 1Y (TTM)14.68%
EPS 3Y-3.1%
EPS 5Y-10.63%
EPS Q2Q%15.69%
Revenue 1Y (TTM)6.88%
Revenue growth 3Y8.24%
Revenue growth 5Y4.76%
Sales Q2Q%6.48%

3.2 Future

  • Based on estimates for the next years, VIV will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.15% on average per year.
  • The Revenue is expected to grow by 5.22% on average over the next years.
EPS Next Y16.17%
EPS Next 2Y25.58%
EPS Next 3Y23.81%
EPS Next 5Y15.15%
Revenue Next Year6.94%
Revenue Next 2Y6.47%
Revenue Next 3Y6.24%
Revenue Next 5Y5.22%

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

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5

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 21.86 indicates a rather expensive valuation of VIV.
  • 67.57% of the companies in the same industry are more expensive than VIV, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 26.99, VIV is valued at the same level.
  • The Price/Forward Earnings ratio is 15.32, which 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 28.02, VIV is valued a bit cheaper.
Industry RankSector Rank
PE 21.86
Fwd PE 15.32
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 75.68% of the companies in the same industry.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as VIV.
Industry RankSector Rank
P/FCF 12.59
EV/EBITDA 5.94
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 PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct 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 23.81% in the coming years.
PEG (NY)1.35
PEG (5Y)N/A
EPS Next 2Y25.58%
EPS Next 3Y23.81%

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

4

5. Dividend

5.1 Amount

  • VIV has a Yearly Dividend Yield of 1.47%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 2.25, VIV pays a bit more dividend than its industry peers.
  • VIV's Dividend Yield is comparable with the S&P500 average which is at 1.81.
Industry RankSector Rank
Dividend Yield 1.47%

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 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 2Y25.58%
EPS Next 3Y23.81%
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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TELEFONICA BRASIL-ADR

NYSE:VIV (2/20/2026, 8:09:32 PM)

After market: 15.74 0 (0%)

15.74

+0.05 (+0.32%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)10-30
Earnings (Next)02-23
Inst Owners13.02%
Inst Owner Change-3.38%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap25.15B
Revenue(TTM)58.57B
Net Income(TTM)6.05B
Analysts75
Price Target15.42 (-2.03%)
Short Float %1.38%
Short Ratio5.59
Dividend
Industry RankSector Rank
Dividend Yield 1.47%
Yearly Dividend0.3
Dividend Growth(5Y)-26.73%
DP42.62%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
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 21.86
Fwd PE 15.32
P/S 2.24
P/FCF 12.59
P/OCF 6.51
P/B 1.92
P/tB 6.27
EV/EBITDA 5.94
EPS(TTM)0.72
EY4.57%
EPS(NY)1.03
Fwd EY6.53%
FCF(TTM)1.25
FCFY7.94%
OCF(TTM)2.42
OCFY15.36%
SpS7.03
BVpS8.21
TBVpS2.51
PEG (NY)1.35
PEG (5Y)N/A
Graham Number11.54
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 2.24
F-Score9
WACC14.13%
ROIC/WACC0.55
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)14.68%
EPS 3Y-3.1%
EPS 5Y-10.63%
EPS Q2Q%15.69%
EPS Next Y16.17%
EPS Next 2Y25.58%
EPS Next 3Y23.81%
EPS Next 5Y15.15%
Revenue 1Y (TTM)6.88%
Revenue growth 3Y8.24%
Revenue growth 5Y4.76%
Sales Q2Q%6.48%
Revenue Next Year6.94%
Revenue Next 2Y6.47%
Revenue Next 3Y6.24%
Revenue Next 5Y5.22%
EBIT growth 1Y9.97%
EBIT growth 3Y18.52%
EBIT growth 5Y5.9%
EBIT Next Year181.75%
EBIT Next 3Y48.97%
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 5 / 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 6 / 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 21.86 and the Price/Book (PB) ratio is 1.92.


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 16.17% in the next year.