VEON LTD (VEON) Stock Fundamental Analysis
USA - NASDAQ:VEON - US91822M5022 - ADR
52.53 USD
+1.01 (+1.96%)
We assign a fundamental rating of 5 out of 10 to VEON. VEON was compared to 22 industry peers in the Wireless Telecommunication Services industry. VEON has an excellent profitability rating, but there are concerns on its financial health. VEON is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year VEON was profitable.
In the past year VEON had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: VEON reported negative net income in multiple years.
In the past 5 years VEON always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 11.63%, VEON belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
The Return On Equity of VEON (75.34%) is better than 100.00% of its industry peers.
VEON's Return On Invested Capital of 13.11% is amongst the best of the industry. VEON outperforms 100.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for VEON is significantly above the industry average of 5.83%.
The 3 year average ROIC (11.44%) for VEON is below the current ROIC(13.11%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.63% | ||
| ROE | 75.34% | ||
| ROIC | 13.11% |
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
VEON's Profit Margin of 23.72% is amongst the best of the industry. VEON outperforms 95.45% of its industry peers.
VEON's Profit Margin has improved in the last couple of years.
The Operating Margin of VEON (25.22%) is better than 95.45% of its industry peers.
In the last couple of years the Operating Margin of VEON has remained more or less at the same level.
With an excellent Gross Margin value of 87.75%, 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 | 25.22% | ||
| PM (TTM) | 23.72% | ||
| GM | 87.75% |
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.
The number of shares outstanding for VEON has been increased compared to 1 year ago.
The number of shares outstanding for VEON has been increased compared to 5 years ago.
VEON has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 0.34, we must say that VEON is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of VEON (0.34) is worse than 72.73% of its industry peers.
The Debt to FCF ratio of VEON is 3.88, which is a good value as it means it would take VEON, 3.88 years of fcf income to pay off all of its debts.
VEON's Debt to FCF ratio of 3.88 is amongst the best of the industry. VEON outperforms 86.36% of its industry peers.
VEON has a Debt/Equity ratio of 2.95. This is a high value indicating a heavy dependency on external financing.
VEON has a Debt to Equity ratio of 2.95. This is amonst the worse of the industry: VEON underperforms 81.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.95 | ||
| Debt/FCF | 3.88 | ||
| Altman-Z | 0.34 |
ROIC/WACC1.66
WACC7.92%
2.3 Liquidity
VEON has a Current Ratio of 0.86. 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 worse Current ratio (0.86) than 77.27% of its industry peers.
A Quick Ratio of 0.85 indicates that VEON may have some problems paying its short term obligations.
The Quick ratio of VEON (0.85) is worse than 68.18% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.86 | ||
| Quick Ratio | 0.85 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 458.82% over the past year.
VEON shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 28.61% yearly.
VEON shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -17.74%.
The Revenue has been decreasing by -5.40% on average over the past years.
EPS 1Y (TTM)458.82%
EPS 3YN/A
EPS 5Y28.61%
EPS Q2Q%-116%
Revenue 1Y (TTM)-17.74%
Revenue growth 3Y-8.36%
Revenue growth 5Y-5.4%
Sales Q2Q%7.52%
3.2 Future
Based on estimates for the next years, VEON will show a very strong growth in Earnings Per Share. The EPS will grow by 63.36% on average per year.
VEON is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -11.52% yearly.
EPS Next Y757.61%
EPS Next 2Y-41.75%
EPS Next 3Y67.22%
EPS Next 5Y63.36%
Revenue Next Year2.47%
Revenue Next 2Y3.67%
Revenue Next 3Y-23.28%
Revenue Next 5Y-11.52%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 20.05, which indicates a rather expensive current valuation of VEON.
VEON's Price/Earnings ratio is a bit cheaper when compared to the industry. VEON is cheaper than 68.18% of the companies in the same industry.
When comparing the Price/Earnings ratio of VEON to the average of the S&P500 Index (25.45), we can say VEON is valued slightly cheaper.
VEON is valuated quite expensively with a Price/Forward Earnings ratio of 162.95.
81.82% of the companies in the same industry are cheaper than VEON, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.46, VEON is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.05 | ||
| Fwd PE | 162.95 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, VEON is valued cheaper than 95.45% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.93 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
VEON's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
VEON has an outstanding profitability rating, which may justify a higher PE ratio.
VEON's earnings are expected to grow with 67.22% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.03
PEG (5Y)0.7
EPS Next 2Y-41.75%
EPS Next 3Y67.22%
5. Dividend
5.1 Amount
VEON does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NASDAQ:VEON (11/21/2025, 8:04:26 PM)
52.53
+1.01 (+1.96%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupTelecommunication Services
GICS IndustryWireless Telecommunication Services
Earnings (Last)
Earnings (Next)
Inst Owners25.53%
Inst Owner Change0.93%
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap3.71B
Revenue(TTM)7.29B
Net Income(TTM)984.00M
Analysts82.5
Price Target65.93 (25.51%)
Short Float %0.3%
Short Ratio1.94
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)19.54%
Min EPS beat(2)-21.57%
Max EPS beat(2)60.64%
EPS beat(4)2
Avg EPS beat(4)15.89%
Min EPS beat(4)-21.57%
Max EPS beat(4)60.64%
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)2
Avg Revenue beat(2)2.55%
Min Revenue beat(2)0.98%
Max Revenue beat(2)4.12%
Revenue beat(4)2
Avg Revenue beat(4)0.29%
Min Revenue beat(4)-2.08%
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%
PT rev (3m)8.27%
EPS NQ rev (1m)-297.32%
EPS NQ rev (3m)-261.31%
EPS NY rev (1m)54.59%
EPS NY rev (3m)117.6%
Revenue NQ rev (1m)-0.27%
Revenue NQ rev (3m)4.4%
Revenue NY rev (1m)-0.25%
Revenue NY rev (3m)2.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.05 | ||
| Fwd PE | 162.95 | ||
| P/S | 0.89 | ||
| P/FCF | 2.93 | ||
| P/OCF | 3.01 | ||
| P/B | 2.84 | ||
| P/tB | N/A | ||
| EV/EBITDA | N/A |
EPS(TTM)2.62
EY4.99%
EPS(NY)0.32
Fwd EY0.61%
FCF(TTM)17.93
FCFY34.14%
OCF(TTM)17.47
OCFY33.25%
SpS58.71
BVpS18.48
TBVpS-3.5
PEG (NY)0.03
PEG (5Y)0.7
Graham Number33.01
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.63% | ||
| ROE | 75.34% | ||
| ROCE | 19.12% | ||
| ROIC | 13.11% | ||
| ROICexc | 19.47% | ||
| ROICexgc | 33.65% | ||
| OM | 25.22% | ||
| PM (TTM) | 23.72% | ||
| GM | 87.75% | ||
| FCFM | 30.54% |
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-Score5
Asset Turnover0.49
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.95 | ||
| Debt/FCF | 3.88 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 128.76% | ||
| Current Ratio | 0.86 | ||
| Quick Ratio | 0.85 | ||
| Altman-Z | 0.34 |
F-Score5
WACC7.92%
ROIC/WACC1.66
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)458.82%
EPS 3YN/A
EPS 5Y28.61%
EPS Q2Q%-116%
EPS Next Y757.61%
EPS Next 2Y-41.75%
EPS Next 3Y67.22%
EPS Next 5Y63.36%
Revenue 1Y (TTM)-17.74%
Revenue growth 3Y-8.36%
Revenue growth 5Y-5.4%
Sales Q2Q%7.52%
Revenue Next Year2.47%
Revenue Next 2Y3.67%
Revenue Next 3Y-23.28%
Revenue Next 5Y-11.52%
EBIT growth 1Y13.2%
EBIT growth 3Y-2.56%
EBIT growth 5Y-14.99%
EBIT Next Year77.19%
EBIT Next 3Y27.84%
EBIT Next 5Y19.07%
FCF growth 1Y-32.93%
FCF growth 3Y-13.93%
FCF growth 5Y-2.16%
OCF growth 1Y-40.82%
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 for VEON stock?
ChartMill assigns a valuation rating of 5 / 10 to VEON LTD (VEON). This can be considered as Fairly Valued.
What is the profitability of VEON stock?
VEON LTD (VEON) has a profitability rating of 9 / 10.
Can you provide the expected EPS growth for VEON stock?
The Earnings per Share (EPS) of VEON LTD (VEON) is expected to grow by 757.61% in the next year.
Is the dividend of VEON LTD sustainable?
The dividend rating of VEON LTD (VEON) is 0 / 10 and the dividend payout ratio is 0%.