VEON Valuation

VEON Ltd

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58.530

-2.16(-3.559%)1D

Overview
Forecast
Valuation
Earnings

VEON Relative Valuation

VEON'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, VEON is overvalued; if below, it's undervalued.

Historical Valuation

VEON Ltd (VEON) is now in the Fair zone, suggesting that its current forward PE ratio of 9.39 is considered Fairly compared with the five-year average of 4.72. The fair price of VEON Ltd (VEON) is between 47.30 to 71.66 according to relative valuation methord.

Relative Value

Fair Zone

47.30-71.66

Current Price：58.53

Fair

9.39

Trailing

Forward

3.59

EV/EBITDA

VEON Ltd. (VEON) has a current EV/EBITDA of 3.59. The 5-year average EV/EBITDA is 3.16. The thresholds are as follows: Strongly Undervalued below 1.66, Undervalued between 1.66 and 2.41, Fairly Valued between 3.91 and 2.41, Overvalued between 3.91 and 4.67, and Strongly Overvalued above 4.67. The current Forward EV/EBITDA of 3.59 falls within the Historic Trend Line -Fairly Valued range.

5.08

EV/EBIT

VEON Ltd. (VEON) has a current EV/EBIT of 5.08. The 5-year average EV/EBIT is 4.83. The thresholds are as follows: Strongly Undervalued below -1.12, Undervalued between -1.12 and 1.85, Fairly Valued between 7.81 and 1.85, Overvalued between 7.81 and 10.78, and Strongly Overvalued above 10.78. The current Forward EV/EBIT of 5.08 falls within the Historic Trend Line -Fairly Valued range.

0.90

VEON Ltd. (VEON) has a current PS of 0.90. The 5-year average PS is 0.39. The thresholds are as follows: Strongly Undervalued below -0.02, Undervalued between -0.02 and 0.19, Fairly Valued between 0.59 and 0.19, Overvalued between 0.59 and 0.79, and Strongly Overvalued above 0.79. The current Forward PS of 0.90 falls within the Strongly Overvalued range.

3.06

P/OCF

VEON Ltd. (VEON) has a current P/OCF of 3.06. The 5-year average P/OCF is 0.86. The thresholds are as follows: Strongly Undervalued below -0.96, Undervalued between -0.96 and -0.05, Fairly Valued between 1.77 and -0.05, Overvalued between 1.77 and 2.68, and Strongly Overvalued above 2.68. The current Forward P/OCF of 3.06 falls within the Strongly Overvalued range.

4.30

P/FCF

VEON Ltd. (VEON) has a current P/FCF of 4.30. The 5-year average P/FCF is 2.96. The thresholds are as follows: Strongly Undervalued below -0.84, Undervalued between -0.84 and 1.06, Fairly Valued between 4.86 and 1.06, Overvalued between 4.86 and 6.77, and Strongly Overvalued above 6.77. The current Forward P/FCF of 4.30 falls within the Historic Trend Line -Fairly Valued range.

VEON Ltd (VEON) has a current Price-to-Book (P/B) ratio of 3.10. Compared to its 3-year average P/B ratio of 1.87 , the current P/B ratio is approximately 65.75% higher. Relative to its 5-year average P/B ratio of -1.17, the current P/B ratio is about -364.16% higher. VEON Ltd (VEON) has a Forward Free Cash Flow (FCF) yield of approximately 14.97%. Compared to its 3-year average FCF yield of 97.37%, the current FCF yield is approximately -84.62% lower. Relative to its 5-year average FCF yield of 95.14% , the current FCF yield is about -84.26% lower.

3.10

P/B

Median3y

1.87

Median5y

-1.17

14.97

FCF Yield

Median3y

97.37

Median5y

95.14

Competitors Valuation Multiple

The average P/S ratio for VEON's competitors is 19.73, providing a benchmark for relative valuation. VEON Ltd Corp (VEON) exhibits a P/S ratio of 0.90, which is -95.42% above the industry average. Given its robust revenue growth of 5.84%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Telephone and Data Systems Inc

Array Digital Infrastructure Inc

Performance Decomposition

Market capitalization of VEON increased by 92.41% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 2.91 to 4.29.

The secondary factor is the Margin Expansion, contributed 38.89%to the performance.

Overall, the performance of VEON in the past 1 year is driven by P/E Change. Which is more unsustainable.

5.84%

1.03B → 1.09B

Revenue Growth

38.89%

8.28 → 11.50

Margin Expansion

47.68%

2.91 → 4.29

P/E Change

92.41%