Comprehensive Stock Comparison
Compare VEON Ltd. (VEON) vs TIM S.A. (TIMB) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | VEON | 8.3% revenue growth vs TIMB's 4.6% |
| Value | TIMB | Lower P/E (2.9x vs 7.6x) |
| Quality / Margins | TIMB | 16.2% net margin vs VEON's 15.2% |
| Stability / Safety | TIMB | Beta 0.43 vs VEON's 0.87, lower leverage |
| Dividends | TIMB | 7.9% yield; 4-year raise streak; VEON pays no meaningful dividend |
| Momentum (1Y) | TIMB | +109.1% vs VEON's +25.1% |
| Efficiency (ROA) | TIMB | 7.6% ROA vs VEON's 7.3%, ROIC 13.2% vs 19.4% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
VEON is a digital operator providing mobile connectivity and digital services across emerging markets in Eastern Europe and Asia. It generates revenue primarily from mobile services — voice, data, and digital content — with additional income from fixed-line and enterprise solutions. Its competitive advantage lies in its established infrastructure and market-leading positions in countries with high mobile penetration but growing digital adoption.
TIM S.A. is a major Brazilian telecommunications company providing mobile voice and data services, broadband internet, and digital content to both individual consumers and businesses. It generates revenue primarily from mobile services (voice and data plans), fixed-line broadband, and equipment sales through its extensive retail network. The company's competitive advantage lies in its extensive nationwide infrastructure—including its 4G/5G network and fiber optic backbone—and its large subscriber base of over 50 million customers.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
TIMB leads in 3 of 6 categories (Total Returns, Risk & Volatility). VEON leads in 2 (Valuation Metrics, Profitability & Efficiency). 1 tied.
Financial Metrics (TTM)
TIMB is the larger business by revenue, generating $26.6B annually — 6.3x VEON's $4.2B. Profitability is closely matched — net margins range from 16.2% (TIMB) to 15.2% (VEON). On growth, VEON holds the edge at +7.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | VEONVEON Ltd. | TIMBTIM S.A. |
|---|---|---|
| RevenueTrailing 12 months | $4.2B | $26.6B |
| EBITDAEarnings before interest/tax | $2.1B | $12.1B |
| Net IncomeAfter-tax profit | $644M | $4.3B |
| Free Cash FlowCash after capex | $594M | $8.9B |
| Gross MarginGross profit ÷ Revenue | +88.2% | +53.9% |
| Operating MarginEBIT ÷ Revenue | +31.9% | +24.1% |
| Net MarginNet income ÷ Revenue | +15.2% | +16.2% |
| FCF MarginFCF ÷ Revenue | +14.0% | +33.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +7.5% | +4.4% |
| EPS Growth (YoY)Latest quarter vs prior year | -164.7% | +21.7% |
Valuation Metrics
At 9.8x trailing earnings, VEON trades at a 37% valuation discount to TIMB's 15.7x P/E. On an enterprise value basis, VEON's 4.2x EV/EBITDA is more attractive than TIMB's 7.2x.
| Metric | VEONVEON Ltd. | TIMBTIM S.A. |
|---|---|---|
| Market CapShares × price | $3.9B | $13.1B |
| Enterprise ValueMkt cap + debt − cash | $6.9B | $15.6B |
| Trailing P/EPrice ÷ TTM EPS | 9.84x | 15.73x |
| Forward P/EPrice ÷ next-FY EPS est. | 7.55x | 2.86x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.85x |
| EV / EBITDAEnterprise value multiple | 4.25x | 7.24x |
| Price / SalesMarket cap ÷ Revenue | 0.97x | 2.53x |
| Price / BookPrice ÷ Book value/share | 3.25x | 2.83x |
| Price / FCFMarket cap ÷ FCF | 7.44x | 7.56x |
Profitability & Efficiency
VEON delivers a 39.1% return on equity — every $100 of shareholder capital generates $39 in annual profit, vs $18 for TIMB. TIMB carries lower financial leverage with a 0.69x debt-to-equity ratio, signaling a more conservative balance sheet compared to VEON's 3.73x. On the Piotroski fundamental quality scale (0–9), TIMB scores 7/9 vs VEON's 6/9, reflecting strong financial health.
| Metric | VEONVEON Ltd. | TIMBTIM S.A. |
|---|---|---|
| ROE (TTM)Return on equity | +39.1% | +18.0% |
| ROA (TTM)Return on assets | +7.3% | +7.6% |
| ROICReturn on invested capital | +19.4% | +13.2% |
| ROCEReturn on capital employed | +24.5% | +15.6% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 7 |
| Debt / EquityFinancial leverage | 3.73x | 0.69x |
| Net DebtTotal debt minus cash | $3.0B | $12.9B |
| Cash & Equiv.Liquid assets | $1.7B | $3.6B |
| Total DebtShort + long-term debt | $4.7B | $16.5B |
| Interest CoverageEBIT ÷ Interest expense | 2.24x | — |
Total Returns (with DRIP)
A $10,000 investment in TIMB five years ago would be worth $28,314 today (with dividends reinvested), compared to $12,672 for VEON. Over the past 12 months, TIMB leads with a +109.1% total return vs VEON's +25.1%. The 3-year compound annual growth rate (CAGR) favors VEON at 47.7% vs TIMB's 38.7% — a key indicator of consistent wealth creation.
| Metric | VEONVEON Ltd. | TIMBTIM S.A. |
|---|---|---|
| YTD ReturnYear-to-date | +7.0% | +37.5% |
| 1-Year ReturnPast 12 months | +25.1% | +109.1% |
| 3-Year ReturnCumulative with dividends | +222.2% | +166.7% |
| 5-Year ReturnCumulative with dividends | +26.7% | +183.1% |
| 10-Year ReturnCumulative with dividends | -8.4% | +308.5% |
| CAGR (3Y)Annualised 3-year return | +47.7% | +38.7% |
Risk & Volatility
TIMB is the less volatile stock with a 0.43 beta — it tends to amplify market swings less than VEON's 0.87 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. TIMB currently trades 98.7% from its 52-week high vs VEON's 88.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | VEONVEON Ltd. | TIMBTIM S.A. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.87x | 0.43x |
| 52-Week HighHighest price in past year | $64.00 | $27.74 |
| 52-Week LowLowest price in past year | $34.55 | $13.65 |
| % of 52W HighCurrent price vs 52-week peak | +88.1% | +98.7% |
| RSI (14)Momentum oscillator 0–100 | 58.1 | 72.8 |
| Avg Volume (50D)Average daily shares traded | 67K | 395K |
Analyst Outlook
Wall Street rates VEON as "Buy" and TIMB as "Hold". TIMB is the only dividend payer here at 7.89% yield — a key consideration for income-focused portfolios.
| Metric | VEONVEON Ltd. | TIMBTIM S.A. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold |
| Price TargetConsensus 12-month target | — | $23.87 |
| # AnalystsCovering analysts | 13 | 8 |
| Dividend YieldAnnual dividend ÷ price | — | +7.9% |
| Dividend StreakConsecutive years of raises | 0 | 4 |
| Dividend / ShareAnnual DPS | — | $11.10 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.2% | +1.1% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Feb 20 | Feb 26 | Change |
|---|---|---|---|
| VEON Ltd. (VEON) | 100 | 97.05 | -2.9% |
| TIM S.A. (TIMB) | 100 | 126.62 | +26.6% |
TIM S.A. (TIMB) returned +183% over 5 years vs VEON Ltd. (VEON)'s +27%. A $10,000 investment in TIMB 5 years ago would be worth $28,314 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| VEON Ltd. (VEON) | $8.9B | $4.0B | -54.9% |
| TIM S.A. (TIMB) | $15.6B | $26.6B | +70.5% |
TIM S.A.'s revenue grew from $15.6B (2016) to $26.6B (2025) — a 6.1% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| VEON Ltd. (VEON) | 26.2% | 10.4% | -60.4% |
| TIM S.A. (TIMB) | 4.8% | 16.2% | +237.0% |
TIM S.A.'s net margin went from 5% (2016) to 16% (2025).
Chart 4P/E Ratio History — 9 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| VEON Ltd. (VEON) | 7.1 | 7 | -1.4% |
| TIM S.A. (TIMB) | 7.3 | 2.2 | -69.9% |
VEON Ltd. has traded in a 5x–7x P/E range over 3 years; current trailing P/E is ~10x. TIM S.A. has traded in a 2x–7x P/E range over 9 years; current trailing P/E is ~16x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| VEON Ltd. (VEON) | 7.87 | 5.73 | -27.2% |
| TIM S.A. (TIMB) | 1.48 | 8.95 | +504.7% |
TIM S.A.'s EPS grew from $1.48 (2016) to $8.95 (2025) — a 22% CAGR.
Chart 6Free Cash Flow — 5 Years
VEON Ltd. generated $523M FCF in 2024 (-56% vs 2021). TIM S.A. generated $9B FCF in 2025 (+93% vs 2021).
VEON vs TIMB: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is VEON or TIMB a better buy right now?
VEON Ltd. (VEON) offers the better valuation at 9.8x trailing P/E (7.6x forward), making it the more compelling value choice. Analysts rate VEON Ltd. (VEON) a "Buy" — based on 13 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — VEON or TIMB?
On trailing P/E, VEON Ltd. (VEON) is the cheapest at 9.8x versus TIM S.A. at 15.7x. On forward P/E, TIM S.A. is actually cheaper at 2.9x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — VEON or TIMB?
Over the past 5 years, TIM S.A. (TIMB) delivered a total return of +183.1%, compared to +26.7% for VEON Ltd. (VEON). A $10,000 investment in TIMB five years ago would be worth approximately $28K today (assuming dividends reinvested). Over 10 years, the gap is even starker: TIMB returned +308.5% versus VEON's -8.4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — VEON or TIMB?
By beta (market sensitivity over 5 years), TIM S.A. (TIMB) is the lower-risk stock at 0.43β versus VEON Ltd.'s 0.87β — meaning VEON is approximately 101% more volatile than TIMB relative to the S&P 500. On balance sheet safety, TIM S.A. (TIMB) carries a lower debt/equity ratio of 69% versus 4% for VEON Ltd. — giving it more financial flexibility in a downturn.
05Which has better profit margins — VEON or TIMB?
TIM S.A. (TIMB) is the more profitable company, earning 16.2% net margin versus 10.4% for VEON Ltd. — meaning it keeps 16.2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: VEON leads at 27.7% versus 25.0% for TIMB. At the gross margin level — before operating expenses — VEON leads at 87.1%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is VEON or TIMB more undervalued right now?
On forward earnings alone, TIM S.A. (TIMB) trades at 2.9x forward P/E versus 7.6x for VEON Ltd. — 4.7x cheaper on a one-year earnings basis.
07Which pays a better dividend — VEON or TIMB?
In this comparison, TIMB (7.9% yield) pays a dividend. VEON does not pay a meaningful dividend and should not be held primarily for income.
08Is VEON or TIMB better for a retirement portfolio?
For long-horizon retirement investors, TIM S.A. (TIMB) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.43), 7.9% yield, +308.5% 10Y return). Both have compounded well over 10 years (TIMB: +308.5%, VEON: -8.4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between VEON and TIMB?
Both stocks operate in the Communication Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. TIMB pays a dividend while VEON does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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- Sector: Communication Services
- Market Cap > $100B
- Net Margin > 9%
- Dividend Yield > 3.1%