Stock AnalizVEON Ltd. VEON
Telecommunications Equipment · data as of November 13, 2026
VEON Ltd. (VEON) is a telecom company listed in the US with a market value of about $5.5B. In the twelve months to September 30, 2026 it had revenue of $5.0B and net income of $377M, a net margin of 7.6%.
Its overall Stock Analiz score is 2.2 out of 5 (weak). The strongest part is value (3/5); the weakest is future growth (1/5).
Key numbers: a P/E of 14.9, a price to free cash flow of 7.3, 5-year revenue growth of 5% a year, a 5-year average ROIC of 16%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 13% below the current price.
Score: 2.2 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Profit margin improving
- 5-year average ROIC above 12%
- ROE above 15%
- Positive free cash flow
- Interest covered more than 5 times
Checks not passed
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
- 5-year revenue growth above 8% a year
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.0B | $4.4B | $4.0B | $3.7B | $3.8B | $3.9B | $3.5B | $8.1B | $9.1B | $9.5B | $8.9B |
| Net income | $377M | $591M | $487M | -$2.5B | -$9M | $801M | -$316M | $683M | $362M | -$534M | $2.4B |
| Free cash flow | $748M | — | — | — | — | — | $1.9B | $1.4B | $567M | $438M | $224M |
| EPS (diluted) | $5.31 | $8.58 | $7.07 | $-35.58 | $-0.13 | $11.63 | $-4.59 | $9.92 | $5.26 | $-7.75 | $35.14 |
| Net margin | 7.6% | 13.4% | 12.2% | -66.2% | -0.2% | 20.8% | -9.1% | 8.4% | 4.0% | -5.6% | 27.2% |
| ROIC | — | 24.2% | 17.3% | 13.8% | 14.7% | 9.9% | 8.3% | 11.9% | 4.0% | 7.5% | 5.2% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 8 analysts is $91.69, 16% above the current price; targets range from $73.52 to $112.00; the consensus rating is “Strong buy”; expected EPS is $6.63 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is VEON’s P/E ratio?
About 14.9, based on the last twelve months of diluted earnings per share (forward P/E about 9.6).
Is VEON stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 13% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does VEON pay a dividend?
Not currently.
Is VEON a good stock to buy?
We do not give buy or sell advice. VEON scores 2.2 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.