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Upturn AI Summary - About
VEON Ltd(VEON)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for VEON
10/01/2026: VEON (2-star) has a low Upturn Star Rating. Not recommended to BUY.
VEON Ltd is a multinational telecommunications and digital services provider with a strong presence in emerging markets such as Pakistan, Ukraine, and Central Asia. The company is currently executing a strategy to transition from a traditional connectivity provider into an ecosystem of digital services, including mobile finance. Key strengths include its leading market positions in its footprint, while its primary growth opportunity lies in increasing digital service penetration. However, investors face significant risks, including regional geopolitical instability, currency volatility, and intense local competition. The stock may best suit growth-oriented investors with a high risk tolerance, who should monitor geopolitical developments and the success of VEON's digital service rollout.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Offers exposure to high-growth emerging markets but carries high political risk. |
| Momentum investor | Weak fit | Price action is often dictated by macroeconomic factors rather than short-term technical trends. |
| Value investor | Mixed fit | Potentially undervalued due to geographic risk, but requires careful assessment of debt. |
| Dividend investor | Weak fit | Dividend policy is inconsistent due to the need for ongoing capital investment. |
| Low-risk investor | Weak fit | Exposure to volatile emerging markets makes this a high-risk security. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | Frequent fluctuations due to regional political and currency shifts. |
| Valuation risk | Medium | Valuation is sensitive to how markets price political vs. operational risk. |
| Competition risk (regional telco rivalry) | High | Aggressive local competition squeezes margins in saturated mobile segments. |
| Business quality | Medium | Operations are generally stable but constrained by regional economic volatility. |
| Dividend income | Low | Income is not the primary driver of the investment thesis. |
| Execution risk | Medium | Successful execution of digital services depends on local adoption rates. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit 61.62% | Avg. Invested days 47 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/01/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.09B USD | Price to earnings Ratio 73.93 | 1Y Target Price 86.87 |
Price to earnings Ratio 73.93 | 1Y Target Price 86.87 | ||
Volume (30-day avg) 163.4K shares | Beta 1.63 | 52 Weeks Range 42.60 - 76.03 | Updated Date 10/01/2026 |
52 Weeks Range 42.60 - 76.03 | Updated Date 10/01/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Mobile Services | Voice, data, and roaming charges for mobile subscribers. | This is the primary way VEON earns money, acting like a traditional cellular provider. |
| Digital & Financial Services | Mobile wallets, streaming, and digital service subscriptions. | VEON is trying to become a 'super-app' provider to get more money per user. |
| Fixed-Line & B2B | Broadband and enterprise data services. | Corporate clients provide stable, long-term revenue streams. |
| Geographic Operations | Services provided in Pakistan, Ukraine, Kazakhstan, and other Central Asian nations. | Geopolitical stability in these specific countries directly impacts total revenue. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE 73.93 | Forward PE 7.92 | Enterprise Value 8.01B | Price to Sales(TTM) 1.07 |
Enterprise Value 8.01B | Price to Sales(TTM) 1.07 | ||
Enterprise Value to Revenue 1.68 | Enterprise Value to EBITDA 4.42 | Shares Outstanding 68.86M | Shares Floating 62.67M |
Shares Outstanding 68.86M | Shares Floating 62.67M | ||
Percent Insiders 2.18 | Percent Institutions 24.19 |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
About VEON Ltd
Exchange NASDAQ | Headquarters - | ||
IPO Launch date 1996-11-20 | Group CEO & Director Mr. Muhterem Kaan Terzioglu | ||
Sector Communication Services | Industry Telecom Services | Full time employees 18938 | Website https://www.veon.com |
Full time employees 18938 | Website https://www.veon.com | ||
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.
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