53.415 USD
+1.41 (+2.72%)
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 scores excellent on profitability, but there are concerns on its financial health. VEON may be a bit undervalued, certainly considering the very reasonable score on growth
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.
- In multiple years VEON reported negative net income over the last 5 years.
- In the past 5 years VEON always reported a positive cash flow from operatings.
1.2 Ratios
- VEON has a Return On Assets of 7.31%. This is amongst the best in the industry. VEON outperforms 86.36% of its industry peers.
- VEON's Return On Equity of 46.60% is amongst the best of the industry. VEON outperforms 100.00% of its industry peers.
- VEON's Return On Invested Capital of 11.26% is amongst the best of the industry. VEON outperforms 86.36% of its industry peers.
- VEON had an Average Return On Invested Capital over the past 3 years of 11.44%. This is significantly above the industry average of 6.24%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.31% | ||
| ROE | 46.6% | ||
| ROIC | 11.26% |
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 has a Profit Margin of 15.24%. This is amongst the best in the industry. VEON outperforms 90.91% of its industry peers.
- VEON's Profit Margin has improved in the last couple of years.
- The Operating Margin of VEON (22.43%) is better than 77.27% of its industry peers.
- In the last couple of years the Operating Margin of VEON has remained more or less at the same level.
- Looking at the Gross Margin, with a value of 88.24%, VEON belongs to the top 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 | 22.43% | ||
| PM (TTM) | 15.24% | ||
| GM | 88.24% |
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
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), VEON is creating some value.
- VEON has more shares outstanding than it did 1 year ago.
- VEON has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, VEON has an improved debt to assets ratio.
2.2 Solvency
- VEON has an Altman-Z score of 0.31. This is a bad value and indicates that VEON is not financially healthy and even has some risk of bankruptcy.
- The Altman-Z score of VEON (0.31) is worse than 72.73% of its industry peers.
- VEON has a debt to FCF ratio of 4.13. This is a neutral value as VEON would need 4.13 years to pay back of all of its debts.
- The Debt to FCF ratio of VEON (4.13) is better than 68.18% of its industry peers.
- A Debt/Equity ratio of 2.92 is on the high side and indicates that VEON has dependencies on debt financing.
- With a Debt to Equity ratio value of 2.92, VEON is not doing good in the industry: 81.82% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.92 | ||
| Debt/FCF | 4.13 | ||
| Altman-Z | 0.31 |
ROIC/WACC1.37
WACC8.19%
2.3 Liquidity
- A Current Ratio of 0.95 indicates that VEON may have some problems paying its short term obligations.
- VEON has a Current ratio (0.95) which is in line with its industry peers.
- A Quick Ratio of 0.94 indicates that VEON may have some problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 0.94, VEON is in line with its industry, outperforming 59.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.95 | ||
| Quick Ratio | 0.94 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 120.14% over the past year.
- Measured over the past years, VEON shows a decrease in Earnings Per Share. The EPS has been decreasing by -8.57% on average per year.
- Looking at the last year, VEON shows a small growth in Revenue. The Revenue has grown by 6.74% in the last year.
- VEON shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -14.69% yearly.
EPS 1Y (TTM)120.14%
EPS 3Y-15.41%
EPS 5Y-8.57%
EPS Q2Q%-116%
Revenue 1Y (TTM)6.74%
Revenue growth 3Y1.32%
Revenue growth 5Y-14.69%
Sales Q2Q%7.52%
3.2 Future
- The Earnings Per Share is expected to grow by 15.44% on average over the next years. This is quite good.
- Based on estimates for the next years, VEON will show a small growth in Revenue. The Revenue will grow by 6.47% on average per year.
EPS Next Y69.39%
EPS Next 2Y20.32%
EPS Next 3Y19.75%
EPS Next 5Y15.44%
Revenue Next Year8.53%
Revenue Next 2Y7.9%
Revenue Next 3Y6.92%
Revenue Next 5Y6.47%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 20.39, VEON is valued on the expensive side.
- 63.64% of the companies in the same industry are more expensive than VEON, based on the Price/Earnings ratio.
- VEON's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.30.
- A Price/Forward Earnings ratio of 7.08 indicates a rather cheap valuation of VEON.
- VEON's Price/Forward Earnings ratio is rather cheap when compared to the industry. VEON is cheaper than 95.45% of the companies in the same industry.
- VEON's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.04.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.39 | ||
| Fwd PE | 7.08 |
4.2 Price Multiples
- Based on the Price/Free Cash Flow ratio, VEON is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 3.03 | ||
| EV/EBITDA | N/A |
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.
- The excellent profitability rating of VEON may justify a higher PE ratio.
- A more expensive valuation may be justified as VEON's earnings are expected to grow with 19.75% in the coming years.
PEG (NY)0.29
PEG (5Y)N/A
EPS Next 2Y20.32%
EPS Next 3Y19.75%
5. Dividend
5.1 Amount
- VEON does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
NASDAQ:VEON (1/13/2026, 8:00:01 PM)
53.415
+1.41 (+2.72%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupTelecommunication Services
GICS IndustryWireless Telecommunication Services
Earnings (Last)11-10 2025-11-10/bmo
Earnings (Next)03-16 2026-03-16/amc
Inst Owners26.04%
Inst Owner Change0%
Ins Owners0.06%
Ins Owner ChangeN/A
Market Cap3.77B
Revenue(TTM)4.23B
Net Income(TTM)644.00M
Analysts82.5
Price Target72.22 (35.21%)
Short Float %8.59%
Short Ratio2.39
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)28.57%
Min EPS beat(2)-21.57%
Max EPS beat(2)78.71%
EPS beat(4)3
Avg EPS beat(4)35.64%
Min EPS beat(4)-21.57%
Max EPS beat(4)78.71%
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)1
Avg Revenue beat(2)2.06%
Min Revenue beat(2)0%
Max Revenue beat(2)4.12%
Revenue beat(4)2
Avg Revenue beat(4)0.81%
Min Revenue beat(4)-1.87%
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)9.53%
PT rev (3m)9.53%
EPS NQ rev (1m)-2.36%
EPS NQ rev (3m)3.33%
EPS NY rev (1m)-0.38%
EPS NY rev (3m)23.4%
Revenue NQ rev (1m)0.26%
Revenue NQ rev (3m)0.44%
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)-0.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.39 | ||
| Fwd PE | 7.08 | ||
| P/S | 0.89 | ||
| P/FCF | 3.03 | ||
| P/OCF | 3.04 | ||
| P/B | 2.73 | ||
| P/tB | N/A | ||
| EV/EBITDA | N/A |
EPS(TTM)2.62
EY4.9%
EPS(NY)7.54
Fwd EY14.12%
FCF(TTM)17.64
FCFY33.02%
OCF(TTM)17.55
OCFY32.86%
SpS59.81
BVpS19.56
TBVpS-2.17
PEG (NY)0.29
PEG (5Y)N/A
Graham Number33.96
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.31% | ||
| ROE | 46.6% | ||
| ROCE | 16.42% | ||
| ROIC | 11.26% | ||
| ROICexc | 17.35% | ||
| ROICexgc | 29.39% | ||
| OM | 22.43% | ||
| PM (TTM) | 15.24% | ||
| GM | 88.24% | ||
| FCFM | 29.48% |
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-Score6
Asset Turnover0.48
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.92 | ||
| Debt/FCF | 4.13 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 193.48% | ||
| Current Ratio | 0.95 | ||
| Quick Ratio | 0.94 | ||
| Altman-Z | 0.31 |
F-Score6
WACC8.19%
ROIC/WACC1.37
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)120.14%
EPS 3Y-15.41%
EPS 5Y-8.57%
EPS Q2Q%-116%
EPS Next Y69.39%
EPS Next 2Y20.32%
EPS Next 3Y19.75%
EPS Next 5Y15.44%
Revenue 1Y (TTM)6.74%
Revenue growth 3Y1.32%
Revenue growth 5Y-14.69%
Sales Q2Q%7.52%
Revenue Next Year8.53%
Revenue Next 2Y7.9%
Revenue Next 3Y6.92%
Revenue Next 5Y6.47%
EBIT growth 1Y2.82%
EBIT growth 3Y-2.56%
EBIT growth 5Y-14.99%
EBIT Next Year78.27%
EBIT Next 3Y28.02%
EBIT Next 5Y19.07%
FCF growth 1Y-25.92%
FCF growth 3Y-13.93%
FCF growth 5Y-2.16%
OCF growth 1Y-26.89%
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 of VEON LTD (VEON) stock?
ChartMill assigns a valuation rating of 7 / 10 to VEON LTD (VEON). This can be considered as Undervalued.
What is the profitability of VEON stock?
VEON LTD (VEON) has a profitability rating of 8 / 10.
What is the valuation of VEON LTD based on its PE and PB ratios?
The Price/Earnings (PE) ratio for VEON LTD (VEON) is 20.39 and the Price/Book (PB) ratio is 2.73.
What is the expected EPS growth for VEON LTD (VEON) stock?
The Earnings per Share (EPS) of VEON LTD (VEON) is expected to grow by 69.39% in the next year.