Pricing Log in Create free account
Monday 2 November 2026 Export TIMB’s income statement to Excel — free account

TIM S.A. Sponsored ADR

TIMB Communication Services Telecom Services

TIM S.A. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $4.8 billion, up 1.07% from fiscal 2024.

Revenue
+18.3%
EPS
+14.3%
Free cash flow
+17.8%
Total debt
+13.6%

Quarter to June 2026, against a year earlier

17.77 0.09 +0.51%
Market cap
$8.5B
P/E
10.4×
Fwd P/E
13.0×
Dividend yield
4.74%
F-score
7/9
Altman Z
2.00
Beneish M
−3.27
Dividend safety
34/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.30
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — 1 — 1 1 — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 8,450.00
Revenue ttm 5,183.16
Net income ttm 905.98
Free cash flow ttm 1,712.06
Net debt Q 1,966.12
Valuation
P/E 10.40
Forward P/E 13.00
Price / sales 1.61
Forward P/S Powerpack
Price / FCF 4.88
Price / book 1.69
Financial health
Current ratio Q 0.85 (below 1: weak)
Debt / equity Q 0.59
Interest coverage Q 1.12
Growth
Revenue growth Q +18.33% (above 0%: growing)
Operating income growth Q +23.15% (above 0%: growing)
EPS, this year +0.50%
EPS, next year A +16.28% (at or above 15%: strong)
Revenue, next year A −51.00% (below 0%: weak)
EPS, past 5 yrs +16.77% (at or above 15%: strong)
EPS, next 5 yrs A +8.86%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.0×, against a ten-year median of 2.0×; over the ten years it ranged from 0.9× in 2016 to 3.1× in 2026.
P/E against its own 10 years 15.64%
10-year low 10-year high
P/S against its own 10 years 41.76%
10-year low 10-year high
P/B against its own 10 years 79.91%
10-year low 10-year high
EV/Sales against its own 10 years 47.85%
10-year low 10-year high
EV/FCF against its own 10 years 15.08%
10-year low 10-year high

Dividends

Yield
4.74%
Annual rate
0.84
Payout ratio
49.6%
Growth, 2016–25
+20.8%/yr
  1. 0.28 ’16
  2. 0.22 ’17 −21%
  3. 0.06 ’18 −71%
  4. 0.39 ’19 +519%
  5. 0.35 ’20 −10%
  6. 0.35 ’21 +0%
  7. 0.36 ’22 +5%
  8. 0.57 ’23 +57%
  9. 0.52 ’24 −8%
  10. 1.52 ’25 +190%
paid

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,069 1,126 1,135 968
Receivables 759 874 878 981
Inventory 66 54 64 85
Other 342 241 276 291
2,284 2,348 2,411 2,453
2023 2024 2025 Q'26
Payables 924 925 920 958
ST’ Debt 254 65 166 219
Other 985 1,035 1,285 1,337
2,580 2,378 2,723 2,889

Compound Annual Growth %

10y 5y 3y
Sales (0.92%) 7.32% 4.57%
Cash Flow 6.30% 7.42% 9.64%
Earnings 2.02% 16.84% 33.63%
Book Value (1.84%) (0.92%) (4.43%)

Earnings Trends EPS, adjusted, against the consensus

Jun 2026 Estimate 0.37 Actual 0.43

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2025 0.36 0.46 Beat by 0.10
Dec 2025 0.48 0.52 Beat by 0.04
Mar 2026 0.34 0.32 Miss by 0.02
Jun 2026 0.37 0.43 Beat by 0.06
Sep 2026 0.43 — Reports 9 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.32 0.40 — — —
’25 0.28 0.35 0.46 0.51 1.59
’24 0.21 0.31 0.29 0.37 1.21
’23 0.16 0.26 0.31 0.45 1.17
’22 0.16 0.12 0.15 0.21 0.67
’21 0.10 0.26 0.40 0.38 1.13
’20 0.08 0.10 0.34 0.05 0.73
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,292 1,378 — — —
’25 1,091 1,165 1,232 1,280 4,768
’24 1,231 1,208 1,157 1,122 4,718
’23 1,086 1,184 1,240 1,264 4,774
’22 905 1,091 1,071 1,104 4,171
’21 794 832 864 856 3,346
’20 952 744 816 838 3,350
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 506 638 — — —
’25 426 539 719 724 2,407
’24 332 498 578 878 2,286
’23 380 445 725 937 2,488
’22 214 284 632 696 1,826
’21 357 433 542 536 1,867
’20 110 410 406 757 1,683
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 249 442 — — —
’25 197 375 524 497 1,594
’24 59 335 442 607 1,443
’23 132 246 514 693 1,586
’22 (40) 56 475 419 910
’21 114 254 364 156 888
’20 (94) 320 249 454 928
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 4,478 5,084 4,646 4,403 3,350 3,346 4,171 4,774 4,718 4,768 5,183 +0.7% 2,336 2,536 2,704 (17.2%)
Gross margin, % 50.74 52.32 54.65 57.22 53.69 53.25 50.51 51.76 53.26 53.93 54.53 +3.2 pt
EBT 291 450 514 1,149 387 575 333 638 672 817 902 +12.2%
EBT margin, % 6.49 8.84 11.07 26.10 11.54 17.18 7.99 13.36 14.23 17.13 17.40 +10.6 pt
Net income 291 450 514 1,149 387 575 333 638 672 817 906 +12.2%
Per share, $
Per share, $ Revenue 9.25 10.51 9.60 9.10 6.92 6.91 8.62 9.86 9.75 9.88 10.96 +0.7%
Earnings 0.45 0.80 1.37 1.82 0.73 1.13 0.67 1.17 1.21 1.60 1.70 +15.1%
Cash flow 2.96 3.50 3.46 3.70 3.48 3.86 3.77 5.14 4.72 4.99 5.47 +6.0%
Capex (2.59) (2.68) (2.17) (2.02) (1.56) (2.02) (1.89) (1.86) (1.74) (1.68) (1.85) (4.7%)
Free cash flow 0.37 0.82 1.30 1.68 1.92 1.84 1.88 3.28 2.98 3.30 3.62 +27.6%
Book value 10.18 11.75 11.19 11.74 9.29 9.61 10.16 10.76 10.12 8.90 10.47 (1.5%)
Shares, m 484 484 484 484 484 484 484 484 484 483 479 0.0%
Valuation, ×
Valuation, × P/E 26.74 25.44 11.04 10.56 24.64 10.21 16.73 15.33 9.97 12.08 10.40 16.3
P/S 1.33 1.91 1.60 2.10 2.01 1.68 1.24 1.83 1.21 1.97 1.61 1.7
P/B 1.21 1.71 1.37 1.63 1.50 1.21 1.05 1.68 1.16 2.19 1.69 1.5
EV/Sales 1.50 2.07 1.69 2.45 2.29 1.78 1.73 2.21 1.52 2.29 1.99 2.0
EV/FCF 37.69 26.52 12.46 13.23 8.26 6.70 7.94 6.65 4.96 6.85 6.03 13.1
Cash, $m
Cash, $m Operating cash flow 1,431 1,693 1,677 1,790 1,683 1,867 1,826 2,488 2,286 2,407 2,586 +5.9%
Capex (1,253) (1,295) (1,048) (976) (755) (979) (916) (902) (844) (813) (874) (4.7%)
Free cash flow 179 398 629 814 928 888 910 1,586 1,443 1,594 1,712 +27.5%
Balance, $m
Balance, $m Working capital 810 120 (295) 85 409 887 (533) (296) (30) (311) (437) n/m
Net debt 784 821 407 1,516 924 317 2,047 1,779 1,466 1,523 1,966 +7.7%
Shareholders’ equity 4,928 5,685 5,416 5,684 4,497 4,652 4,919 5,211 4,895 4,294 4,951 (1.5%)
Returns, %
Returns, % ROA 2.07 3.84 7.35 9.68 3.88 6.33 3.21 5.17 5.44 7.48 7.59 +5.4 pt
ROIC 4.47 5.82 7.10 9.93 6.27 8.75 5.49 8.45 10.03 12.21 11.44 +7.7 pt
ROE 4.26 7.29 12.55 16.54 6.97 11.98 6.76 11.22 11.57 16.81 17.28 +12.6 pt
People
People Employees 9,863 9,574 9,661 9,700 9,421 9,337 9,406 9,275 9,127 8,706 — (1.4%)
Revenue/emp, $m 0.45 0.53 0.48 0.45 0.36 0.36 0.44 0.51 0.52 0.55 — +2.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

TIM S.A. Sponsored ADR vs peers in Telecom Services (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TIGO Millicom International Cellular SA $13.3B 20.0× 23.4× +59.40% (above 0%: growing) −83.95% (below 0%: shrinking) +66.11% (above 0%: growing) 75.26% 21.20% Compare
SKM SK Telecom Co., Ltd. $11.5B 24.2× — +0.47% (above 0%: growing) +406.25% (above 0%: growing) −29.63% (below 0%: shrinking) 89.10% 12.99% Compare
TLK PT Telekomunikasi Indonesia, Tbk $11.0B 8.2× — −8.61% (below 0%: shrinking) +5,809.09% (above 0%: growing) +3.00% (above 0%: growing) 100.00% 24.01% Compare
GSAT Globalstar, Inc. $10.7B — (loss-making) — (loss-making) −3.54% (below 0%: shrinking) n/m −20.48% (below 0%: shrinking) 58.32% (7.37%) Compare
TIMB TIM S.A. Sponsored ADR $8.5B 10.4× 13.0× +18.33% (above 0%: growing) +14.29% (above 0%: growing) +17.75% (above 0%: growing) 55.35% 24.42%
KT KT Corporation $8.2B 9.3× — −10.06% (below 0%: shrinking) −39.60% (below 0%: shrinking) −46.85% (below 0%: shrinking) 9.71% 9.71% Compare
LBTYB Liberty Global Ltd $7.1B — (loss-making) — −7.65% (below 0%: shrinking) n/m +429.69% (above 0%: growing) 50.62% 0.26% Compare
VEON VEON Ltd. $5.3B 99.4× 12.5× +16.93% (above 0%: growing) −79.56% (below 0%: shrinking) +431.58% (above 0%: growing) 86.55% 27.46% Compare
LUMN Lumen Technologies, Inc. $5.0B — (loss-making) — (loss-making) −9.28% (below 0%: shrinking) n/m +124.34% (above 0%: growing) 49.55% (3.14%) Compare
Median of peers $9.4B 20.0× — −5.59% −39.60% +34.56% 66.79% 11.35%

All 55 Telecom Services stocks →

TIM S.A. Sponsored ADR (TIMB) Latest News

28 Oct

Impact 3 · · Zacks

11 Aug

Impact 3 ·

28 Jul

Impact 3 · · MarketBeat transcript
Impact 3 ·

13 Feb

Impact 3 · · ZacksZacksZacksMotley FoolMotley FoolZacksInsider Monkey24/7 Wall St.

12 Feb

Impact 4 ·

11 Feb

Impact 4 · · MarketBeat transcript
Impact 4 · · Zacks
Impact 3 · · Zacks

5 Feb

Impact 4 · · ZacksZacksZacksZacksZacks

26 Jan

Impact 3 · · ZacksZacksZacksZacksZacksZacksZacksZacks

23 Dec

Impact 3 · · Zacks

16 Dec

Impact 4 · · Zacks

2 Dec

Impact 3 · · Zacks

28 Nov

Impact 3 · · ZacksZacksMotley Fool

18 Nov

Impact 4 · · Zacks
Impact 4 · · Zacks

10 Nov

Impact 4 · · GuruFocus.com

31 Oct

Impact 4 · · Zacks

20 Oct

Impact 4 · · Zacks

16 Oct

Impact 4 · · Zacks
Impact 3 · · Zacks

3 Oct

Impact 4 · · Zacks

18 Sep

Impact 3 · · Zacks

17 Sep

Impact 4 · · Zacks

1 Sep

Impact 4 ·

15 Aug

Impact 4 · · Zacks

6 Aug

Impact 4 · · Zacks

1 Aug

Impact 4 · · GuruFocus.com transcript

30 Jul

Impact 4 · · Zacks
stockrow.com/TIMB · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com