ITEM 4. INFORMATION ON THE COMPANY A. History and Development of the Company VEON is a leading digital operator strategically positioned across six frontier markets: Bangladesh, Kazakhstan, Pakistan, Ukraine Uzbekistan and Kyrgyzstan (currently classified as held for sale). The Company delivers comprehensive telecommunications and digital services (including voice, fixed broadband, data and cloud services) through local brands that resonate with each market's unique digital landscape, including our “Kyivstar,” “Banglalink,” “Toffee” and “Jazz” brands. VEON operates across six countries that are home to more than 7% of the world’s population. The company's digital operator strategy focuses on delivering services beyond traditional mobile and fixed connectivity, and expands into digital financial services, entertainment, healthcare, education and digital enterprise services. As of December 31, 2024, we had 18,027 employees.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 4.0B | 4.0B | 3.7B | 3.8B | 3.9B | 3.5B |
| Net Income | 487M | 487M | -2.5B | -9.0M | 801M | -316M |
| EPS | $0.23 | $0.23 | $-1.44 | $-0.09 | $0.38 | $-0.20 |
| Free Cash Flow | 523M | 523M | 629M | 299M | 262M | 294M |
| ROIC | 10.3% | 71.3% | -128.3% | 51.7% | 80.7% | 36.4% |
| Gross Margin | 99.3% | 99.3% | 99.5% | 99.3% | 99.1% | 99.3% |
| Debt/Equity | 0.00 | 2.41 | 3.23 | 2.71 | 0.26 | 3.10 |
| Dividends/Share | $0.04 | $0.04 | $0.03 | $0.01 | $0.04 | $0.16 |
| Operating Income | 1.2B | 1.2B | -1.7B | 643M | 1.7B | 532M |
| Operating Margin | 29.9% | 29.9% | -47.1% | 17.1% | 45.1% | 15.3% |
| ROE | 38.7% | 41.8% | -266.6% | -0.8% | 63.6% | -19.5% |
| Shares Outstanding | 2,117M | 2,117M | 1,701M | 1,849M | 2,108M | 1,580M |
VEON Ltd. passes 2 of 9 quality checks, indicating weak fundamentals.
VEON Ltd. trades at 229.3x trailing earnings, compared to its 15-year median P/E of 5.9x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 213.6x vs a median of 17.7x. The company's 5-year average ROIC is 22.4% with a gross margin of 99.3%. At current prices, the estimated annualized return to fair value is -45.8%.
VEON Ltd. (VEON) has a current P/E ratio of 229.3, compared to its historical median P/E of 5.9. The stock is currently considered Expensive based on its historical valuation range.
VEON Ltd. (VEON) has a 5-year average return on invested capital (ROIC) of 22.4%. This indicates strong capital allocation and a potential competitive advantage.
VEON Ltd. (VEON) has a market capitalization of $111.7B. It is classified as a large-cap stock.
Yes, VEON Ltd. (VEON) pays a dividend with a trailing twelve-month yield of 0.07%.
Based on historical P/E analysis, VEON Ltd. (VEON) appears expensive. The current P/E of 229.3 is 3785% above its historical median of 5.9. The estimated fair value CAGR (P/E method) is -46.3%.
VEON Ltd. (VEON) operates in the Radiotelephone Communications industry, within the Communication Services sector.
VEON Ltd. (VEON) reported annual revenue of $4.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
VEON Ltd. (VEON) has a net profit margin of 12.2%. This is a healthy margin.
VEON Ltd. (VEON) generated $523 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
VEON Ltd. (VEON) has a debt-to-equity ratio of 2.41. This indicates higher leverage, which may increase financial risk.
VEON Ltd. (VEON) reported earnings per share (EPS) of $0.23 in its most recent fiscal year.
VEON Ltd. (VEON) has a return on equity (ROE) of 41.8%. This indicates the company generates strong returns for shareholders.
VEON Ltd. (VEON) has a 5-year average gross margin of 99.3%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 10 years of financial data for VEON Ltd. (VEON), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
VEON Ltd. (VEON) has a book value per share of $0.59, based on its most recent annual SEC filing.