VEON Ltd. (VEON)
Full history for every metric is available with a Kvantra account
No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 3,482 | 3,850 | 3,755 | 3,698 | 4,004 | 4,475 | 4,775 | 5,117 |
| Operating profit | $m | 1,044 | 1,015 | ||||||
| Net profit | $m | -349 | 674 | -162 | -2,528 | 415 | 541 | - | 512 |
| EPS reported | $ | 7.50 | 0.85 | ||||||
| Operating cashflow per share | $ | 19.18 | 23.72 | ||||||
| Capex per share | $ | 10.39 | 11.82 | ||||||
| FCF per share | $ | 8.79 | 11.88 | ||||||
| Free cash flow | $m | 631 | 828 | ||||||
| Net debt | $m | 3,412 | 3,164 | ||||||
| Book value equity | $m | 1,340 | 1,513 | ||||||
| Book value per share | $ | 18.67 | 21.33 | ||||||
| Number of shares | m | 71.76 | 70.92 | ||||||
| DPS (TTM paid) | $ | 0.00 | 0.00 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 7.01 | 114.87 | ||||||
| P/B LTM | x | 2.82 | 2.49 | ||||||
| P/S LTM | x | 0.84 | 0.79 | ||||||
| P/FCF LTM | x | 5.98 | 4.56 | ||||||
| EV/EBITDA LTM | x | 3.33 | 4.31 | ||||||
| EV/Sales LTM | x | 1.61 | 1.59 | ||||||
| Earnings Yield LTM | % | +14.27% | +0.87% | ||||||
| FCF Yield | % | +16.72% | +21.95% | ||||||
| Quality | |||||||||
| ROE | % | +40.39% | +4.15% | ||||||
| ROIC | % | +11.41% | +4.63% | ||||||
| Operating margin | % | +23.32% | +21.25% | ||||||
| Gross margin | % | +69.81% | +78.36% | ||||||
| FCF/Sales | % | +14.09% | +17.34% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +30.89% | - | ||||||
| Sales Growth YoY | % | +11.75% | +19.27% | ||||||
| Net Income Growth YoY | % | +30.39% | - | ||||||
| FCF Growth | % | +20.58% | +58.32% | ||||||
| Operating Profit Growth | % | -5.98% | -8.59% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 0.00% | 0.00% | ||||||
| Dividend Growth | % | - | - | ||||||
| Payout Ratio | % | 0.00% | 0.00% | ||||||
| FCF/Debt | x | 0.12 | 0.14 | ||||||
| Net Debt/EBITDA | x | 1.58 | 2.20 | ||||||
| EBIT/Net interest | x | 1.92 | 1.71 | ||||||
| Net debt/market cap | % | +1.36% | +1.49% | ||||||
| Net debt/Equity | x | 2.55 | 2.09 | ||||||
| Gross debt/equity | x | 3.84 | 3.87 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
VEON Ltd. provides telecommunications and digital services in Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. The company offers mobile telecommunications services under prepaid and postpaid subscriptions, including value-added and call completion services, national and international roaming services, wireless Internet access, mobile financial services, and mobile bundles; fixed-line telecommunications using fiber optic networks; cross-border transmission services; prepaid scratch cards and electronic recharge options; mobile services on 2G, 3G, and 4G/LTE networks; cloud solutions, including consumer storage apps; local, long-distance, and international voice services; and customer support through contact centers. It also provides FikrFree, a digital insurance marketplace; Tamasha, a video streaming app; ROX, a digital lifestyle brand; Garaj, a cloud platform; ApnaClinic and Helsi digital healthcare platforms; SIMOSA, ZARR, and RYZE lifestyle platforms; Kyivstar TV, a media streaming service; My Kyivstar, a self-service application; Uklon, a ride-hailing and delivery platform; Adwisor, an adtech platform; Simply, a mobile-only neobank; BeeTV, an entertainment platform; Hitter and riitm music streaming platforms; MyBL, Janymda, and Hambi super-apps; AI tutor, an AI-powered learning assistant; Toffee, an infotainment platform; BCloud, a digital infrastructure solution; Beepul, a financial services solution; KINOM, a digital entertainment platform; BeeMarket, an electronics and home appliance marketplace; Hambi Davo, a suite of digital health services; and OQ, a digital platform. The company distributes its products and services through a direct sales force, franchises, third-party retailers, distributors, supermarkets, stores, chains, online, offices, and other channels. The company was formerly known as VimpelCom Ltd. and changed its name to VEON Ltd. in March 2017. VEON Ltd. was founded in 1992 and is headquartered in Dubai, the United Arab Emirates.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
VEON Ltd. provides telecommunications and digital services in Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. The company offers mobile telecommunications services under prepaid and postpaid subscriptions, including value-added and call completion services, national and international roaming services, wireless Internet access, mobile financial services, and mobile bundles; fixed-line telecommunications using fiber optic networks; cross-border transmission services; prepaid scratch cards and electronic recharge options; mobile services on 2G, 3G, and 4G/LTE networks; cloud solutions, including consumer storage apps; local, long-distance, and international voice services; and customer support through contact centers. It also provides FikrFree, a digital insurance marketplace; Tamasha, a video streaming app; ROX, a digital lifestyle brand; Garaj, a cloud platform; ApnaClinic and Helsi digital healthcare platforms; SIMOSA, ZARR, and RYZE lifestyle platforms; Kyivstar TV, a media streaming service; My Kyivstar, a self-service application; Uklon, a ride-hailing and delivery platform; Adwisor, an adtech platform; Simply, a mobile-only neobank; BeeTV, an entertainment platform; Hitter and riitm music streaming platforms; MyBL, Janymda, and Hambi super-apps; AI tutor, an AI-powered learning assistant; Toffee, an infotainment platform; BCloud, a digital infrastructure solution; Beepul, a financial services solution; KINOM, a digital entertainment platform; BeeMarket, an electronics and home appliance marketplace; Hambi Davo, a suite of digital health services; and OQ, a digital platform. The company distributes its products and services through a direct sales force, franchises, third-party retailers, distributors, supermarkets, stores, chains, online, offices, and other channels. The company was formerly known as VimpelCom Ltd. and changed its name to VEON Ltd. in March 2017. VEON Ltd. was founded in 1992 and is headquartered in Dubai, the United Arab Emirates.
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