VEON Ltd

VEON Ltd

VEON · NASDAQ · Communication Services / Telecom Services

79.17USD+4.02 (+5.35%)

Price History

Full chart

Market Stats

Previous Close75.15
Open74.95
Day Range73.74 – 79.50
52-Week Range42.60 – 82.09
Volume137.50K
Market Cap5.29B
P/E (TTM)97.23
Forward P/E7.92
EPS0.79
Dividend Yield0.00%
Beta1.61
50-Day Avg64.79
200-Day Avg55.47

About

VEON Ltd. provides telecommunications and digital services in Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. The company offers mobile telecommunications services under prepaid and postpaid subscriptions, including value-added and call completion services, national and international roaming services, wireless Internet access, mobile financial services, and mobile bundles; fixed-line telecommunications using fiber optic networks; cross-border transmission services; prepaid scratch cards and electronic recharge options; mobile services on 2G, 3G, and 4G/LTE networks; cloud solutions, including consumer storage apps; local, long-distance, and international voice services; and customer support through contact centers. It also provides FikrFree, a digital insurance marketplace; Tamasha, a video streaming app; ROX, a digital lifestyle brand; Garaj, a cloud platform; ApnaClinic and Helsi digital healthcare platforms; SIMOSA, ZARR, and RYZE lifestyle platforms; Kyivstar TV, a media streaming service; My Kyivstar, a self-service application; Uklon, a ride-hailing and delivery platform; Adwisor, an adtech platform; Simply, a mobile-only neobank; BeeTV, an entertainment platform; Hitter and riitm music streaming platforms; MyBL, Janymda, and Hambi super-apps; AI tutor, an AI-powered learning assistant; Toffee, an infotainment platform; BCloud, a digital infrastructure solution; Beepul, a financial services solution; KINOM, a digital entertainment platform; BeeMarket, an electronics and home appliance marketplace; Hambi Davo, a suite of digital health services; and OQ, a digital platform. The company distributes its products and services through a direct sales force, franchises, third-party retailers, distributors, supermarkets, stores, chains, online, offices, and other channels. The company was formerly known as VimpelCom Ltd. and changed its name to VEON Ltd. in March 2017. VEON Ltd. was founded in 1992 and is headquartered in Dubai, the United Arab Emirates.

Company Details

  • SectorCommunication Services
  • IndustryTelecom Services
  • CEOMr. Muhterem Kaan Terzioglu
  • Employees18.94K
  • HeadquartersIndex Tower (East Tower), Dubai, United Arab Emirates, USA
  • Websitehttps://www.veon.com

Leadership

  • Mr. Muhterem Kaan TerziogluGroup CEO & Director · b. 1968
  • Mr. Burak OzerGroup Chief Financial Officer · b. 1972
  • Mr. Vitaly ShmakovChief Investment Officer
  • Mr. Inanc CakirogluChief Information Officer
  • Mr. Sebastian RiceGeneral Counsel · b. 1971
  • Mr. Anand Ramachandran C.F.A.Chief Corporate Development Officer
  • Mr. Jameel AsgharChief People Officer
  • Ms. Marine BabayanChief Corporate Affairs Officer
  • Mr. Andrey PyatakhinChief Operating Officer of Beeline Uzbekistan · b. 1975
  • Mr. Oleksandr KomarovChief Executive Officer of Kyivstar - Ukraine · b. 1972

Financials

Income Statement

Currency: USD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue274.14M422.60M768.50M1.34B2.15B3.21B4.87B7.17B10.12B8.70B10.51B20.25B23.06B15.97B13.49B9.61B8.88B9.47B9.09B8.05B3.48B3.85B3.75B3.75B4.00B4.47B
Growth (%)-+54.16%+81.85%+73.79%+60.72%+49.59%+51.60%+47.31%+41.08%-13.98%+20.80%+92.62%+13.88%-30.77%-15.53%-28.77%-7.51%+6.63%-4.10%-11.39%-56.75%+10.57%-2.47%0.00%+6.63%+11.75%
Cost of Revenue95.51M111.69M153.15M245.49M391.62M542.42M890.73M1.32B2.36B1.99B2.47B5.63B6.13B4.03B3.18B2.17B1.99B2.14B2.12B1.84B454.00M484.00M476.00M476.00M515.00M1.35B
Gross Profit178.62M310.91M615.35M1.09B1.76B2.67B3.98B5.86B7.75B6.71B8.04B14.62B16.93B11.93B10.30B7.44B6.90B7.33B6.97B6.21B3.03B3.37B3.75B3.28B3.49B3.12B
Gross Margin65.16%73.57%80.07%81.62%81.76%83.11%81.70%81.66%76.63%77.14%76.52%72.19%73.41%74.74%76.40%77.43%77.66%77.42%76.71%77.12%86.96%87.43%100.00%87.32%87.14%69.81%
Operating Expense-223.76M390.55M662.21M1.07B1.69B2.58B3.65B5.22B4.14B5.25B11.77B12.17B9.31B8.43B6.91B5.82B5.87B6.42B4.34B2.21B2.34B2.72B2.12B2.38B2.08B
Operating Income-87.15M224.79M427.90M681.52M978.03M1.40B2.21B2.54B2.58B2.79B2.85B4.76B2.62B1.87B524.00M1.08B1.47B554.00M1.86B823.00M1.02B1.04B1.16B1.11B1.04B
Operating Margin-20.62%29.25%32.04%31.75%30.46%28.70%30.77%25.07%29.63%26.58%14.09%20.65%16.43%13.89%5.45%12.20%15.48%6.10%23.16%23.64%26.57%27.67%30.97%27.72%23.32%
EBITDA------2.45B3.71B3.27B3.85B5.00B7.26B9.77B7.45B5.63B2.88B3.26B3.65B3.28B3.58B1.73B1.84B1.74B1.77B1.69B2.16B
EBITDA Margin------50.39%51.68%32.30%44.18%47.52%35.86%42.36%46.65%41.71%29.93%36.70%38.56%36.08%44.48%49.80%47.79%46.39%47.23%42.31%48.24%
Net Income-47.30M129.55M233.96M350.40M615.13M811.49M1.46B524.33M1.12B1.81B543.00M1.54B-1.99B-647.00M-655.00M2.33B-505.00M582.00M622.01M-349.00M674.00M737.00M-162.00M415.00M541.13M
Net Income Margin-11.19%16.86%17.52%16.32%19.16%16.67%20.40%5.18%12.89%17.18%2.68%6.67%-12.48%-4.80%-6.82%26.20%-5.33%6.41%7.73%-10.02%17.51%19.63%-4.31%10.36%12.09%
R&D--------857.00K610.00K----------------
R&D as % of Total Revenue--------0.01%0.01%----------------
Interest Expense000000186.40M194.84M495.63M598.53M536.00M1.59B2.03B2.15B1.08B829.00M830.00M935.00M816.00M876.00M569.00M591.00M1.42B583.00M495.00M544.18M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%3.83%2.72%4.90%6.88%5.10%7.84%8.80%13.47%7.99%8.63%9.34%9.87%8.98%10.88%16.34%15.35%37.74%15.53%12.36%12.16%

Balance Sheet

Currency: USD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets700.32M925.81M1.69B2.30B4.78B6.31B8.44B10.57B15.73B14.73B19.93B54.48B55.36B50.42B41.00B33.84B21.28B19.52B14.10B16.06B14.55B15.92B15.10B15.08B8.04B9.21B
Total Liabilities331.17M417.38M931.59M1.12B2.62B3.38B4.24B4.87B11.12B9.72B9.12B39.03B39.99B39.11B37.06B29.98B15.15B15.59B11.32B13.84B13.54B14.42B14.32B14.32B6.78B7.58B
Total Equity369.15M508.43M761.15M1.18B2.16B2.93B4.20B5.41B4.39B4.51B10.67B14.04B14.87B11.31B5.01B3.86B6.13B3.93B2.78B1.23B163.00M586.00M776.00M569.00M1.10B1.34B
Cash152.14M144.17M263.66M157.61M305.86M363.65M344.49M1.00B914.68M1.45B885.13M2.33B4.95B4.45B6.34B3.61B2.94B1.30B1.81B1.25B1.67B2.25B3.11B3.11B1.69B1.73B
Total Debt-------2.77B8.44B7.35B5.66B28.84B25.69B26.80B27.12B9.61B10.93B11.51B6.68B10.34B10.06B10.65B7.57B8.18B4.69B5.14B
Net Debt-------1.76B7.53B5.91B4.78B26.52B20.74B22.35B20.78B5.93B7.55B9.80B4.76B9.09B8.42B8.39B4.46B5.07B3.00B3.41B

Cash Flow

Currency: USD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow8.55M101.06M221.72M511.88M805.41M1.30B1.97B3.04B3.46B3.51B3.70B6.11B7.26B6.35B5.28B2.03B1.90B2.48B2.52B2.95B2.44B2.64B2.56B2.56B1.15B1.38B
Investing Cash Flow-------2.29B-2.23B-7.26B-1.43B-1.38B-6.95B-4.01B-4.21B-3.98B-329.72M-2.72B-3.29B2.00B-1.89B-1.91B-1.46B--1.66B-778.00M-804.58M
Financing Cash Flow193.18M53.93M294.45M-854.56M359.62M292.88M-193.74M3.79B-1.55B-2.86B2.58B-587.00M-2.58B1.33B-3.73B-122.81M-475.55M-3.93B-1.64B-103.00M-465.00M116.00M116.00M-551.00M-557.41M
Capital Expenditure65.25M136.35M291.44M506.72M925.13M1.18B1.55B1.61B2.03B691.45M1.81B6.26B3.89B3.96B4.49B2.20B1.68B2.04B1.95B1.68B1.78B699.00M634.00M634.00M627.00M745.58M
Free Cash Flow------424.58M1.43B1.44B2.82B1.89B-154.00M3.37B2.40B790.00M-173.32M227.36M439.43M568.50M1.27B665.00M1.94B1.92B1.92B523.00M630.64M
Dividends Paid------925.18M331.88M594.19M315.64M578.00M1.22B26.00M4.05B71.00M60.76M61.91M519.70M509.35M520.00M259.00M00---
FCF to OCF------21.54%47.13%41.48%80.32%51.00%-2.52%46.45%37.73%14.96%-8.56%11.95%17.70%22.54%42.93%27.22%73.50%75.21%75.21%45.48%45.82%
Dividend Paid to FCF------217.90%23.18%41.38%11.19%30.61%-789.61%0.77%169.24%8.99%-35.06%27.23%118.26%89.59%41.07%38.95%0.00%0.00%---

Earnings

Report DateMay 26, 2010Sep 2, 2010Dec 2, 2010Mar 29, 2011Jun 1, 2011Sep 7, 2011Nov 14, 2011Mar 13, 2012May 15, 2012Aug 15, 2012Nov 14, 2012Mar 6, 2013May 15, 2013Aug 7, 2013Nov 6, 2013Mar 6, 2014May 14, 2014Aug 6, 2014Nov 12, 2014Feb 25, 2015May 13, 2015Aug 6, 2015Nov 6, 2015Feb 17, 2016May 12, 2016Sep 12, 2016Nov 3, 2016Feb 27, 2017Apr 3, 2017Aug 3, 2017Nov 9, 2017Mar 15, 2018May 14, 2018Aug 2, 2018Nov 8, 2018Feb 25, 2019May 2, 2019Jul 31, 2019Nov 4, 2019Feb 14, 2020May 7, 2020Aug 5, 2020Oct 29, 2020Feb 18, 2021Apr 29, 2021Aug 30, 2021Oct 28, 2021Feb 28, 2022Apr 29, 2022Aug 4, 2022Nov 3, 2022Mar 16, 2023May 4, 2023Aug 29, 2023Nov 20, 2023Mar 21, 2024Jun 26, 2024Aug 8, 2024Dec 12, 2024Mar 19, 2025May 15, 2025Aug 7, 2025Nov 9, 2025Mar 13, 2026May 13, 2026Jul 31, 2026Nov 6, 2026
EPS Estimate10.8810.369.768.258.318.256.304.335.705.608.006.385.507.047.254.503.763.821.60-2.001.753.133.130.773.631.251.0022.512.752.000.501.251.001.500.461.502.251.250.251.500.191.170.501.751.922.752.083.000.090.100.000.00-----0.570.921.040.861.381.871.301.591.95
EPS Actual8.007.009.758.5011.504.003.132.255.007.508.779.756.458.254.203.500.501.501.50-0.390.701.672.701.752.753.636.50-0.0122.250.601.43-2.760.25-1.905.250.252.851.160.810.251.552.292.440.751.731.502.280.052.410.04-0.290.004.893.486.38-50.760.810.961.391.011.368.30-0.47-0.411.411.69-
Surprise-26.47%-32.43%-0.10%3.03%38.39%-51.52%-50.32%-48.04%-12.28%33.93%9.63%52.82%17.27%17.19%-42.07%-22.22%-86.70%-60.73%-6.25%--65.00%-4.57%-13.74%-44.09%257.14%0.00%420.00%-101.00%-1.16%-78.18%-28.50%-652.00%-80.00%-290.00%250.00%-45.65%90.00%-48.44%-35.20%0.00%3.33%1105.26%108.55%50.00%-1.14%-21.88%-17.09%-97.55%-19.67%-56.57%-382.65%-------143.86%9.78%30.77%865.12%-134.06%-121.74%8.46%6.29%-
Timing-Pre-marketPre-market-Pre-market-Pre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-market----After-hoursAfter-hoursPre-marketPre-marketAfter-hoursAfter-hours-Pre-marketAfter-hours-Pre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap5.29B
Enterprise Value8.01B
Trailing P/E97.23
Forward P/E7.92
PEG Ratio2.23
Price / Sales1.11
Price / Book3.20
EPS0.79
Book Value21.71
Revenue (TTM)4.76B
Gross Profit (TTM)4.14B
EBITDA1.85B
Profit Margin1.24%
Operating Margin25.81%
Return on Equity7.49%
Return on Assets8.54%
Shares Outstanding68.86M
Shares Float62.68M
Beta1.61
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Strong Buy
Based on 5 analystsTarget 86.87
  • Strong Buy
    5

Ownership Breakdown

Institutions
24.19%
Insiders
2.18%
Retail / Other
73.63%

Top Institutional Holders

  • Exor Investments (UK) LLP
    5.27M7.65%
  • Shah Capital Management
    4.65M6.75%
  • Solus Alternative Asset Management LP
    887.00K1.29%
  • Wellington Management Company LLP
    779.08K1.13%
  • Morgan Stanley - Brokerage Accounts
    747.85K1.09%
  • Panview Capital Ltd
    630.62K0.92%
  • VR Advisory Services Ltd
    601.21K0.87%
  • Pictet Asset Manangement SA
    284.14K0.41%
  • Mackenzie Investments
    273.62K0.40%
  • Two Sigma Investments LLC
    193.95K0.28%
  • Gabelli Funds LLC
    125.84K0.18%
  • JPMorgan Chase & Co
    112.94K0.16%
  • Citadel Advisors Llc
    80.57K0.12%
  • Redwheel Asset Management LLP
    68.21K0.10%

Top Fund Holders

  • Eaton Vance Emerg & Frntr Countrs Eq I
    474.99K0.69%
  • BNP Paribas Russia Eq I Cap
    471.26K0.68%
  • Hartford International Value I
    318.19K0.46%
  • PGSF Glb Hi Yld Em Eq PDI
    237.26K0.34%
  • Mackenzie GQE Emerging Markets F
    211.34K0.31%
  • NEF Ethical Global Trends I EUR Acc
    86.38K0.13%

Dividends

20201×
3.75Feb 26, 2020
20192×
3.25Aug 13, 20194.25Mar 7, 2019
20182×
2.36Aug 13, 20183.18Mar 2, 2018
20172×
2.08Aug 10, 20173.65Mar 28, 2017
20161×
0.65Nov 16, 2016
20151×
0.65Nov 19, 2015
20141×
0.67Nov 20, 2014
20133×
9.31Nov 14, 20131.14Apr 26, 201323.98Apr 25, 2013
20121×
16.50Dec 24, 2012
20113×
9.31Nov 29, 20112.94May 27, 20113.54Mar 15, 2011
20101×
9.28Nov 24, 2010
20091×
8.15Nov 9, 2009
20081×
14.43Apr 28, 2008
20071×
8.02May 10, 2007

Stock Splits

  • Mar 8, 20231:25