VEON logo VEON
Upturn stock rating
VEON logo

VEON Ltd (VEON)

Upturn stock rating
$48.15
Last Close (24-hour delay)
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PASS
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Upturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
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Upturn Advisory Summary

10/31/2025: VEON (2-star) is currently NOT-A-BUY. Pass it for now.

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 $30.2
Current$48.15
52w High $64

Analysis of Past Performance

Type Stock
Historic Profit 32.04%
Avg. Invested days 53
Today’s Advisory PASS
Upturn Star Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance 4.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulation Last Close 10/31/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 3.95B USD
Price to earnings Ratio 3.55
1Y Target Price 69.64
Price to earnings Ratio 3.55
1Y Target Price 69.64
Volume (30-day avg) 2
Beta 1.58
52 Weeks Range 30.20 - 64.00
Updated Date 11/2/2025
52 Weeks Range 30.20 - 64.00
Updated Date 11/2/2025
Dividends yield (FY) -
Basic EPS (TTM) 13.56

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 3.55
Forward PE 13.53
Enterprise Value 7202793615
Price to Sales(TTM) 0.95
Enterprise Value 7202793615
Price to Sales(TTM) 0.95
Enterprise Value to Revenue 1.74
Enterprise Value to EBITDA 4.12
Shares Outstanding 69153797
Shares Floating 426506043
Shares Outstanding 69153797
Shares Floating 426506043
Percent Insiders 0.06
Percent Institutions 25.65

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 in Russia. It has evolved from a regional mobile operator to a multinational telecommunications services company with operations in several emerging markets. Significant milestones include international expansions and strategic acquisitions.

business area logo Core Business Areas

  • Mobile Services: Provides mobile voice, data, and digital services to individual and enterprise customers. Includes 4G/LTE network coverage, mobile internet access, and various value-added services.
  • Fixed-Line Services: Offers fixed broadband, voice, and data services to residential and business customers. Includes fiber optic connections and IPTV services.
  • Digital Services: Focuses on developing and offering digital products and services such as financial services, entertainment platforms, and cloud solutions.

leadership logo Leadership and Structure

VEON Ltd is led by a CEO and a management team overseeing various regional and functional departments. The company operates under a board of directors responsible for strategic oversight.

Top Products and Market Share

overview logo Key Offerings

  • Mobile Data Services: Provides mobile internet access through 4G/LTE networks. Key competitors include local mobile operators in each market. Market share varies by country; no aggregated global figure available. Major competitors are MTN Group, Airtel, and local operators.
  • Fixed Broadband: Offers high-speed internet to homes and businesses. Competes with incumbent telecom operators and other broadband providers. Market share varies significantly by country. Major competitors are local telecom companies such as Rostelecom and Kazakhtelecom.
  • Digital Financial Services: Provides mobile payment solutions and micro-lending services. Competitors include traditional banks and fintech companies. Specific market share data is not widely available. Major competitors are AliPay and local banks.

Market Dynamics

industry overview logo Industry Overview

The telecommunications industry is undergoing a transformation, driven by increasing demand for data, digital services, and convergence of technologies. The industry is characterized by intense competition, regulatory changes, and rapid technological advancements.

Positioning

VEON Ltd positions itself as a leading provider of digital services in emerging markets, focusing on improving customer experience and expanding network coverage. Its competitive advantage lies in its strong brand presence and extensive distribution network in key markets.

Total Addressable Market (TAM)

The global telecommunications market is estimated to be worth trillions of USD. VEON Ltd aims to capture a significant portion of the digital services segment within its operating regions, focusing on emerging markets with high growth potential.

Upturn SWOT Analysis

Strengths

  • Strong brand recognition in key markets
  • Extensive distribution network
  • Growing digital services portfolio
  • Experienced management team
  • Solid financial performance in key markets

Weaknesses

  • Exposure to political and economic instability in emerging markets
  • High capital expenditure requirements
  • Regulatory challenges
  • Intense competition
  • Currency fluctuation risks

Opportunities

  • Expansion into new emerging markets
  • Growing demand for digital services
  • Partnerships with technology companies
  • Increasing mobile penetration
  • Government support for digital infrastructure development

Threats

  • Increasing competition from new entrants
  • Regulatory changes
  • Cybersecurity threats
  • Economic downturns
  • Technological obsolescence

Competitors and Market Share

competitor logo Key Competitors

  • MTN.JSE
  • Airtel.NSE
  • TEF

Competitive Landscape

VEON faces intense competition from established telecom operators and new entrants in its operating regions. Its competitive advantage lies in its strong brand and distribution network.

Major Acquisitions

WIND Hellas

  • Year: 2022
  • Acquisition Price (USD millions): 0
  • Strategic Rationale: VEON acquired WIND Hellas from Crystal Almond Holdings Limited for $0 (USD). The strategic rationale for the acquisition of WIND Hellas by United Group is to strengthen United Group's market position in Greece and the broader European telecommunications market.

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been moderate, influenced by economic conditions and competitive pressures in operating regions.

Future Projections: Analyst projections suggest continued growth in revenue and earnings, driven by expansion of digital services.

Recent Initiatives: Recent strategic initiatives include restructuring operations, investing in 4G/LTE network upgrades, and expanding the digital services portfolio.

Summary

VEON is a multinational telecom company with operations in emerging markets, experiencing moderate growth and facing intense competition. While its strong brand and distribution network are strengths, it is exposed to political and economic instability. Future growth depends on expanding digital services and capitalizing on new opportunities, but the company must address regulatory challenges and economic downturns. The company has inconsistent dividend payouts, and its shareholder returns have been impacted by market volatility and company-specific events.

Similar Stocks

Sources and Disclaimers

Data Sources:

  • Company Filings
  • Analyst Reports
  • Industry Publications
  • News Articles

Disclaimers:

The information provided is for informational purposes only and does not constitute financial advice. Investment decisions should be made based on thorough research and consultation with a qualified financial advisor. Financial figures are estimates and examples.

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

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

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

Upturn 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.