Item 4. Information on the Company A.History and Development of the Company We were incorporated on May 22, 1998, as a corporation (sociedade anônima) organized under the laws of the Federative Republic of Brazil, as a result of the restructuring and privatization of Telecomunicações Brasileiras S.A. and its operating subsidiaries, or Telebrás, which monopolized the provision of public telecommunications services in virtually all areas of Brazil prior to 1998. We were incorporated under the name Telesp Participações S.A. and after subsequent reorganizations, we were named Telecomunicações de São Paulo S.A. – TELESP. After our merger with Vivo Participações in October 2011, we changed our corporate name to Telefônica Brasil S.A. On September 18, 2014, we entered into a stock purchase agreement with Vivendi S.A. to acquire all of the shares of GVT Participações S.A., or GVT, the controlling shareholder of Global Village Telecom S.A.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 10.7B | 10.7B | 10.3B | 10.5B | 9.4B | 8.1B |
| Net Income | 1.1B | 1.1B | 1.0B | 1.0B | 790M | 1.2B |
| EPS | $0.70 | $0.70 | $0.63 | $0.62 | $0.96 | $1.39 |
| Free Cash Flow | 2.0B | 2.0B | 1.9B | 2.0B | 1.8B | 1.6B |
| ROIC | 9.0% | 9.0% | 8.0% | 1.2% | 1.0% | -4.4% |
| Gross Margin | 44.8% | 44.8% | 43.9% | 43.5% | 42.9% | 43.7% |
| Debt/Equity | 0.00 | 0.86 | 0.79 | - | - | - |
| Dividends/Share | $0.25 | $0.25 | $0.29 | $0.47 | $1.35 | $1.09 |
| Operating Income | 59M | 59M | 63M | 129M | 115M | -357M |
| Operating Margin | 0.5% | 0.5% | 0.6% | 1.2% | 1.2% | -4.4% |
| ROE | 9.0% | 8.9% | 8.0% | - | - | - |
| Shares Outstanding | 1,598M | 1,598M | 1,625M | 1,638M | 822M | 829M |
TELEFONICA BRASIL S.A. passes 0 of 9 quality checks, indicating weak fundamentals.
TELEFONICA BRASIL S.A. trades at 24.1x trailing earnings, compared to its 15-year median P/E of 6.2x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 13.2x vs a median of 4.3x. The company's 5-year average ROIC is 2.9% with a gross margin of 43.8%. Total shareholder yield (dividends) is 1.5%. At current prices, the estimated annualized return to fair value is -12.4%.
TELEFONICA BRASIL S.A. (VIV) has a current P/E ratio of 24.1, compared to its historical median P/E of 6.2. The stock is currently considered Expensive based on its historical valuation range.
TELEFONICA BRASIL S.A. (VIV) has a 5-year average return on invested capital (ROIC) of 2.9%. This is below average and may indicate limited pricing power.
TELEFONICA BRASIL S.A. (VIV) has a market capitalization of $26.8B. It is classified as a large-cap stock.
Yes, TELEFONICA BRASIL S.A. (VIV) pays a dividend with a trailing twelve-month yield of 1.47%.
Based on historical P/E analysis, TELEFONICA BRASIL S.A. (VIV) appears expensive. The current P/E of 24.1 is 288% above its historical median of 6.2. The estimated fair value CAGR (P/E method) is -14.0%.
TELEFONICA BRASIL S.A. (VIV) operates in the Telephone Communications (No Radiotelephone) industry, within the Communication Services sector.
TELEFONICA BRASIL S.A. (VIV) reported annual revenue of $10.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
TELEFONICA BRASIL S.A. (VIV) has a net profit margin of 10.4%. This is a healthy margin.
TELEFONICA BRASIL S.A. (VIV) generated $2.0 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
TELEFONICA BRASIL S.A. (VIV) has a debt-to-equity ratio of 0.86. This indicates moderate leverage.
TELEFONICA BRASIL S.A. (VIV) reported earnings per share (EPS) of $0.70 in its most recent fiscal year.
TELEFONICA BRASIL S.A. (VIV) has a return on equity (ROE) of 8.9%. This indicates moderate shareholder returns.
TELEFONICA BRASIL S.A. (VIV) has a 5-year average gross margin of 43.8%. This indicates decent pricing power.
The Ledger Terminal provides 11 years of financial data for TELEFONICA BRASIL S.A. (VIV), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
TELEFONICA BRASIL S.A. (VIV) has a book value per share of $7.77, based on its most recent annual SEC filing.
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