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VEON logo VEON
Upturn stock ratingUpturn stock rating
VEON logo

VEON Ltd (VEON)

Upturn stock ratingUpturn stock rating
$52.2
Last Close (24-hour delay)
Profit since last BUY3.02%
upturn advisory
WEAK BUY
BUY since 44 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
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Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
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Upturn Advisory Summary

09/17/2025: VEON (2-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Number of Analysts

rating

2 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $69.64

1 Year Target Price $69.64

Analysts Price Target For last 52 week
$69.64 Target price
52w Low $29.26
Current$52.2
52w High $64

Analysis of Past Performance

Type Stock
Historic Profit 25.73%
Avg. Invested days 53
Today’s Advisory WEAK BUY
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 09/17/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 3.96B USD
Price to earnings Ratio 0.26
1Y Target Price 69.64
Price to earnings Ratio 0.26
1Y Target Price 69.64
Volume (30-day avg) 2
Beta 1.62
52 Weeks Range 29.26 - 64.00
Updated Date 09/17/2025
52 Weeks Range 29.26 - 64.00
Updated Date 09/17/2025
Dividends yield (FY) -
Basic EPS (TTM) 201

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 23.72%
Operating Margin (TTM) 29.81%

Management Effectiveness

Return on Assets (TTM) 8.28%
Return on Equity (TTM) 79.82%

Valuation

Trailing PE 0.26
Forward PE 13.77
Enterprise Value 7267106646
Price to Sales(TTM) 0.95
Enterprise Value 7267106646
Price to Sales(TTM) 0.95
Enterprise Value to Revenue 1.75
Enterprise Value to EBITDA 4.15
Shares Outstanding 69153800
Shares Floating 426506043
Shares Outstanding 69153800
Shares Floating 426506043
Percent Insiders 0.06
Percent Institutions 25.53

ai summary icon Upturn AI SWOT

VEON Ltd

stock logo

Company Overview

overview logo History and Background

VEON Ltd., formerly known as VimpelCom, was founded in 1992. Initially a Russian mobile operator, it expanded internationally through acquisitions and mergers, becoming a global telecommunications company. Significant milestones include listings on the NYSE and various acquisitions of mobile operators in emerging markets.

business area logo Core Business Areas

  • Mobile Services: Provides mobile voice and data services to customers, including 4G and 5G connectivity.
  • Fixed-Line Services: Offers fixed-line broadband and voice services to residential and business customers. This is typically a smaller portion of their business.
  • Digital Services: Develops and offers digital services such as mobile financial services, entertainment, and other value-added services.

leadership logo Leadership and Structure

VEON Ltd. is led by a Chief Executive Officer and a management team. The organizational structure includes regional business units responsible for operations in different countries and functional departments such as finance, technology, and marketing. Details vary significantly year to year due to restructuring.

Top Products and Market Share

overview logo Key Offerings

  • Product Name 1: Mobile Data Services: Provide internet access to customers on their mobile phones. Market share varies by country of operation (Russia, Ukraine, Pakistan, etc.). Competitors include local mobile network operators such as Kyivstar (Ukraine), Jazz (Pakistan), and Tele2 (Russia)
  • Product Name 2: Mobile Voice Services: Traditional voice calls. Market share varies by country of operation (Russia, Ukraine, Pakistan, etc.). Competitors include local mobile network operators such as Kyivstar (Ukraine), Jazz (Pakistan), and Tele2 (Russia).
  • Product Name 3: Digital Financial Services: Offer mobile banking, payment solutions, and digital wallets. Number of Users depends on region. In some regions they have a very high adoption and are a leading service. Competitors include traditional banks and other digital payment platforms (e.g., EasyPaisa, local Fintech leaders).

Market Dynamics

industry overview logo Industry Overview

The telecommunications industry is characterized by increasing demand for mobile data, growing adoption of digital services, and evolving regulatory landscapes. Competition is intense, with operators vying for market share.

Positioning

VEON Ltd. focuses on emerging markets, leveraging its network infrastructure and digital services to cater to the specific needs of these markets. Its competitive advantages include its established brand, extensive network coverage in some regions, and growing digital ecosystem.

Total Addressable Market (TAM)

The total addressable market for telecommunications services in VEON's operating regions is substantial, estimated in the billions of dollars annually. VEON's positioning varies significantly by country, with different market shares and levels of penetration.

Upturn SWOT Analysis

Strengths

  • Strong brand recognition in key markets
  • Extensive network infrastructure
  • Growing digital ecosystem
  • Experienced management team (though turnover is common)

Weaknesses

  • Exposure to political and economic risks in emerging markets
  • High debt levels
  • Operational challenges due to geographic diversity
  • History of corruption allegations and legal issues.

Opportunities

  • Growing demand for mobile data in emerging markets
  • Expansion of digital services offerings
  • Strategic partnerships with technology providers
  • Acquisition of smaller players in fragmented markets

Threats

  • Intense competition from other telecommunications operators
  • Regulatory changes and government intervention
  • Currency fluctuations
  • Cybersecurity threats

Competitors and Market Share

competitor logo Key Competitors

  • TIGO (Millicom)
  • MTN Group (South Africa)

Competitive Landscape

VEON faces competition from local mobile operators, international players, and technology companies offering digital services. Its competitive advantage lies in its established presence in key markets, but it faces challenges from competitors with stronger financial resources or more innovative offerings.

Major Acquisitions

Golden Telecom

  • Year: 2008
  • Acquisition Price (USD millions): 4200
  • Strategic Rationale: Expanded broadband infrastructure and services in Russia and other CIS countries.

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been influenced by acquisitions, organic subscriber growth, and currency fluctuations. The company has faced challenges in maintaining consistent growth due to competitive pressures and economic conditions.

Future Projections: Future growth is expected to be driven by increased mobile data consumption and the expansion of digital services. Analyst estimates vary widely depending on market conditions and the company's execution of its strategy.

Recent Initiatives: Recent initiatives include network upgrades, the launch of new digital services, and cost optimization programs.

Summary

VEON shows potential in emerging markets with its mobile and digital services but faces risks due to high debt, political instability, and intense competition. Its established brand and network offer advantages, but sustained growth depends on effective execution of its digital strategy and navigating economic uncertainties. VEON's recent initiatives to expand digital services and upgrade networks are promising, but challenges related to regulatory changes and currency fluctuations persist. Overall, VEON's future depends on its ability to manage risks while capitalizing on opportunities in rapidly evolving markets.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company reports
  • Industry analysis reports
  • Financial news sources

Disclaimers:

The information provided is for informational purposes only and should not be considered financial advice. Market conditions and company performance can change rapidly, and past performance is not indicative of future results.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About VEON Ltd

Exchange NASDAQ
Headquaters -
IPO Launch date 1996-11-20
Group CEO & Director Mr. Muhterem Kaan Terzioglu
Sector Communication Services
Industry Telecom Services
Full time employees 18027
Full time employees 18027

VEON Ltd., a digital operator, provides telecommunications and digital services to corporate and individual customers in Pakistan, Ukraine, Kazakhstan, Uzbekistan, and Bangladesh. The company offers fixed-line telecommunication services using fiber optic networks; mobile telecommunications services under prepaid and postpaid subscriptions, including value added and call completion, national and international roaming, wireless Internet access, mobile financial, and mobile bundle services; cross-border transit, voice, and data services; mobile connectivity services on 2G, 3G and 4G/LTE networks; prepaid scratch cards and electronic recharge options; customer support through contact centers; and Internet-TV using fiber to the building technology. It also provides internet and data access, roaming, and messaging solutions; Simosa, MyKyivstar, and MyBeeline self-care applications; Kyivstar TV, Tamasha, BeeTV, Toffee, and Beeline TV video streaming platforms; BiP messenger app; Game Now gaming platform; Beeline Music for music streaming, as well as live audio streaming services; Jazz Cricket sports app; JazzCash and Simply financial services platforms that offers wallets, payments, transfers, and digital lending services; and Helsi, a digital healthcare platform. In addition, the company sells equipment, infrastructure, and accessories; and provides cloud solutions, including consumer storage apps. It offers its products and services under the Kyivstar, Banglalink, Jazz, JazzCash, Beeline, IZI, and OQ brands. The company also distributes its products and services through direct sales force, distributors, third-party retailers, supermarkets, offices, stores, franchises, online, and other distribution 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.