TIMB Valuation

Tim SA

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20.760

-0.07(-0.336%)1D

Overview
Forecast
Valuation
Earnings

TIMB Relative Valuation

TIMB's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, TIMB is overvalued; if below, it's undervalued.

Historical Valuation

Tim SA (TIMB) is now in the Fair zone, suggesting that its current forward PE ratio of 13.25 is considered Fairly compared with the five-year average of 13.60. The fair price of Tim SA (TIMB) is between 17.74 to 25.06 according to relative valuation methord.

Relative Value

Fair Zone

17.74-25.06

Current Price：20.76

Fair

13.25

Trailing

Forward

4.66

EV/EBITDA

Tim SA. (TIMB) has a current EV/EBITDA of 4.66. The 5-year average EV/EBITDA is 4.07. The thresholds are as follows: Strongly Undervalued below 3.33, Undervalued between 3.33 and 3.70, Fairly Valued between 4.44 and 3.70, Overvalued between 4.44 and 4.81, and Strongly Overvalued above 4.81. The current Forward EV/EBITDA of 4.66 falls within the Overvalued range.

9.44

EV/EBIT

Tim SA. (TIMB) has a current EV/EBIT of 9.44. The 5-year average EV/EBIT is 10.19. The thresholds are as follows: Strongly Undervalued below 7.20, Undervalued between 7.20 and 8.70, Fairly Valued between 11.68 and 8.70, Overvalued between 11.68 and 13.17, and Strongly Overvalued above 13.17. The current Forward EV/EBIT of 9.44 falls within the Historic Trend Line -Fairly Valued range.

1.96

Tim SA. (TIMB) has a current PS of 1.96. The 5-year average PS is 1.57. The thresholds are as follows: Strongly Undervalued below 1.19, Undervalued between 1.19 and 1.38, Fairly Valued between 1.75 and 1.38, Overvalued between 1.75 and 1.94, and Strongly Overvalued above 1.94. The current Forward PS of 1.96 falls within the Strongly Overvalued range.

5.15

P/OCF

Tim SA. (TIMB) has a current P/OCF of 5.15. The 5-year average P/OCF is 4.26. The thresholds are as follows: Strongly Undervalued below 3.10, Undervalued between 3.10 and 3.68, Fairly Valued between 4.84 and 3.68, Overvalued between 4.84 and 5.42, and Strongly Overvalued above 5.42. The current Forward P/OCF of 5.15 falls within the Overvalued range.

7.96

P/FCF

Tim SA. (TIMB) has a current P/FCF of 7.96. The 5-year average P/FCF is 7.55. The thresholds are as follows: Strongly Undervalued below 3.50, Undervalued between 3.50 and 5.52, Fairly Valued between 9.57 and 5.52, Overvalued between 9.57 and 11.59, and Strongly Overvalued above 11.59. The current Forward P/FCF of 7.96 falls within the Historic Trend Line -Fairly Valued range.

Tim SA (TIMB) has a current Price-to-Book (P/B) ratio of 10.95. Compared to its 3-year average P/B ratio of 3.11 , the current P/B ratio is approximately 251.62% higher. Relative to its 5-year average P/B ratio of 2.39, the current P/B ratio is about 358.42% higher. Tim SA (TIMB) has a Forward Free Cash Flow (FCF) yield of approximately 16.68%. Compared to its 3-year average FCF yield of 17.08%, the current FCF yield is approximately -2.35% lower. Relative to its 5-year average FCF yield of 16.55% , the current FCF yield is about 0.73% lower.

10.95

P/B

Median3y

3.11

Median5y

2.39

16.68

FCF Yield

Median3y

17.08

Median5y

16.55

Competitors Valuation Multiple

The average P/S ratio for TIMB's competitors is 1.34, providing a benchmark for relative valuation. Tim SA Corp (TIMB) exhibits a P/S ratio of 1.96, which is 46.11% above the industry average. Given its robust revenue growth of -3.62%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Rogers Communications Inc

Liberty Broadband Corp

Millicom International Cellular SA

1.31

-5.90%

7.46B

Performance Decomposition

Market capitalization of TIMB increased by 30.84% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 12.40 to 14.78.

The secondary factor is the P/E Change, contributed 15.27%to the performance.

Overall, the performance of TIMB in the past 1 year is driven by Margin Expansion. Which is more sustainable.

-3.62%

1.21B → 1.16B

Revenue Growth

19.19%

12.40 → 14.78

Margin Expansion

15.27%

65.70 → 75.73

P/E Change

30.84%