28 years of historical data (1998–2025) · Communication Services · Telecommunications Services
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
TIM S.A. trades at 15.7x earnings, 553% above its 5-year average of 2.4x, sitting at the 83rd percentile of its historical range. Compared to the Communication Services sector median P/E of 14.8x, the stock trades at a premium of 7%. On a free-cash-flow basis, the stock trades at 7.6x P/FCF, 240% above the 5-year average of 2.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $13.1B | $9.4B | $5.7B | $8.9B | $5.6B | $5.6B | $6.7B | $9.3B | $7.4B | $9.4B | $5.7B |
| Enterprise Value | $15.6B | $22.3B | $18.0B | $21.9B | $20.9B | $13.3B | $8.8B | $11.7B | $10.0B | $13.0B | $9.1B |
| P/E Ratio → | 15.73 | 2.17 | 1.58 | 3.21 | 3.25 | 1.83 | 3.63 | 2.64 | 2.74 | 7.31 | 7.97 |
| P/S Ratio | 2.53 | 0.35 | 0.22 | 0.38 | 0.26 | 0.31 | 0.39 | 0.53 | 0.44 | 0.58 | 0.37 |
| P/B Ratio | 2.83 | 0.39 | 0.22 | 0.34 | 0.22 | 0.22 | 1.51 | 1.66 | 0.38 | 0.52 | 0.33 |
| P/FCF | 7.56 | 1.06 | 0.73 | 1.13 | 6.97 | 1.22 | 1.41 | 2.88 | 3.23 | 7.44 | 11.66 |
| P/OCF | 5.00 | 0.70 | 0.46 | 0.72 | 0.62 | 0.57 | 0.78 | 1.31 | 1.21 | 1.73 | 1.14 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
TIM S.A.'s enterprise value stands at 7.2x EBITDA, 317% above its 5-year average of 1.7x. This is roughly in line with the Communication Services sector median of 7.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.84 | 0.71 | 0.92 | 0.97 | 0.74 | 0.51 | 0.67 | 0.59 | 0.80 | 0.58 |
| EV / EBITDA | 7.24 | 2.02 | 1.40 | 1.83 | 2.03 | 1.41 | 1.05 | 1.21 | 1.56 | 2.18 | 1.75 |
| EV / EBIT | 12.03 | 3.35 | 3.03 | 4.14 | 5.28 | 2.92 | 3.08 | 2.11 | 4.16 | 6.41 | 5.23 |
| EV / FCF | — | 2.51 | 2.32 | 2.77 | 25.82 | 2.88 | 1.84 | 3.63 | 4.33 | 10.32 | 18.59 |
Margins and return-on-capital ratios measuring operating efficiency
TIM S.A. earns an operating margin of 25.0%. Operating margins have expanded from 20.3% to 25.0% over the past 3 years, signaling improving operational efficiency. ROE of 17.1% indicates solid capital efficiency. ROIC of 13.2% represents solid returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.9% | 53.9% | 53.3% | 51.8% | 50.5% | 53.2% | 53.7% | 57.2% | 54.6% | 52.3% | 50.7% |
| Operating Margin | 25.0% | 25.0% | 22.9% | 20.3% | 16.2% | 20.8% | 16.2% | 26.0% | 14.2% | 11.9% | 9.1% |
| Net Profit Margin | 16.2% | 16.2% | 12.4% | 11.9% | 7.8% | 16.4% | 10.6% | 20.8% | 15.0% | 7.6% | 4.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.1% | 17.1% | 12.0% | 11.0% | 6.6% | 20.0% | 36.4% | 28.6% | 13.4% | 7.0% | 4.4% |
| ROA | 7.6% | 7.6% | 5.7% | 5.1% | 3.1% | 10.2% | 20.3% | 17.3% | 7.9% | 3.7% | 2.1% |
| ROIC | 13.2% | 13.2% | 11.3% | 9.1% | 7.1% | 14.3% | 29.0% | 22.3% | 8.2% | 6.8% | 5.2% |
| ROCE | 15.6% | 15.6% | 13.6% | 11.3% | 8.4% | 16.5% | 38.8% | 27.5% | 9.6% | 7.3% | 5.3% |
Solvency and debt-coverage ratios — lower is generally safer
TIM S.A. carries a Debt/EBITDA ratio of 1.5x, which is manageable (58% below the sector average of 3.6x). Net debt stands at $12.9B ($16.5B total debt minus $3.6B cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.69 | 0.69 | 0.59 | 0.62 | 0.70 | 0.51 | 0.46 | 0.44 | 0.18 | 0.36 | 0.50 |
| Debt / EBITDA | 1.49 | 1.49 | 1.21 | 1.34 | 1.73 | 1.37 | 0.25 | 0.25 | 0.57 | 1.11 | 1.64 |
| Net Debt / Equity | — | 0.54 | 0.47 | 0.50 | 0.60 | 0.31 | 0.46 | 0.43 | 0.13 | 0.20 | 0.20 |
| Net Debt / EBITDA | 1.17 | 1.17 | 0.96 | 1.08 | 1.48 | 0.81 | 0.25 | 0.25 | 0.40 | 0.61 | 0.65 |
| Debt / FCF | — | 1.45 | 1.59 | 1.64 | 18.85 | 1.66 | 0.43 | 0.75 | 1.10 | 2.88 | 6.93 |
| Interest Coverage | — | — | 2.49 | 2.29 | 1.56 | 2.58 | 15.14 | 15.79 | 5.73 | 3.45 | 1.96 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.89x is below 1.0, meaning current liabilities exceed current assets — though the company's $3.6B cash position helps mitigate short-term liquidity concerns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.89 | 0.89 | 0.99 | 0.89 | 0.79 | 1.45 | 1.25 | 1.04 | 0.85 | 1.05 | 1.39 |
| Quick Ratio | 0.86 | 0.86 | 0.96 | 0.86 | 0.77 | 1.43 | 1.22 | 1.02 | 0.82 | 1.04 | 1.37 |
| Cash Ratio | 0.24 | 0.24 | 0.44 | 0.39 | 0.36 | 0.92 | 0.56 | 0.36 | 0.26 | 0.52 | 0.77 |
| Asset Turnover | — | 0.47 | 0.45 | 0.43 | 0.38 | 0.36 | 2.15 | 1.73 | 0.53 | 0.50 | 0.45 |
| Inventory Turnover | 34.34 | 34.34 | 40.52 | 34.65 | 45.13 | 41.68 | 168.43 | 147.11 | 42.07 | 62.53 | 53.45 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
TIM S.A. returns 9.0% to shareholders annually — split between a 7.9% dividend yield and 1.1% buyback yield. The payout ratio exceeds 100% at 124.3%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 6.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 7.9% | 57.1% | 47.8% | 24.3% | 21.3% | 18.5% | 17.1% | 8.3% | 7.9% | 3.6% | 8.1% |
| Payout Ratio | 124.3% | 124.3% | 86.2% | 76.7% | 71.8% | 35.3% | 63.1% | 21.3% | 23.1% | 26.9% | 61.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.4% | 46.0% | 63.4% | 31.1% | 30.7% | 54.6% | 27.6% | 37.9% | 36.5% | 13.7% | 12.5% |
| FCF Yield | 13.2% | 94.7% | 136.7% | 88.5% | 14.3% | 82.0% | 71.0% | 34.7% | 30.9% | 13.4% | 8.6% |
| Buyback Yield | 1.1% | 8.0% | 0.8% | 0.0% | 0.0% | 0.2% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% |
| Total Shareholder Yield | 9.0% | 65.0% | 48.6% | 24.4% | 21.3% | 18.7% | 17.1% | 8.3% | 7.9% | 3.7% | 8.1% |
| Shares Outstanding | — | $483M | $484M | $484M | $484M | $484M | $484M | $484M | $484M | $484M | $484M |
Compare TIMB with 6 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| TIMBYou | $13B | 15.7 | 7.2 | 7.6 | 53.9% | 25.0% | 17.1% | 13.2% | 1.5 |
| TMUS | $242B | 22.5 | 11.1 | 23.4 | — | 20.7% | 18.2% | 8.0% | 3.7 |
| VEON | $4B | 9.8 | 4.2 | 7.4 | 87.1% | 27.7% | 35.7% | 19.4% | 2.9 |
| AD | $3B | 14.7 | — | 1.0 | 21.6% | -30.2% | 8.1% | -0.6% | — |
| UZD | $1B | 6.5 | — | 0.4 | 21.6% | -30.2% | 8.1% | -0.6% | — |
| UZF | $1B | 5.8 | — | 0.4 | 21.6% | -30.2% | 8.1% | -0.6% | — |
| UZE | $1B | 5.7 | — | 0.4 | 21.6% | -30.2% | 8.1% | -0.6% | — |
| Communication Services Median | — | 14.8 | 7.4 | 10.0 | 50.8% | -0.5% | 2.6% | 1.6% | 3.6 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 28 years · Updated daily
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Start ComparisonTIM S.A.'s current P/E ratio is 15.7x. The historical average is 16.5x. This places it at the 83th percentile of its historical range.
TIM S.A.'s current EV/EBITDA is 7.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 3.3x.
TIM S.A.'s return on equity (ROE) is 17.1%. The historical average is 11.2%.
Based on historical data, TIM S.A. is trading at a P/E of 15.7x. This is at the 83th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
TIM S.A.'s current dividend yield is 7.89% with a payout ratio of 124.3%.
TIM S.A. has 53.9% gross margin and 25.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
TIM S.A.'s Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.