Sunday 11 October 2026
Export all VEON data to Excel Powerpack
VEON Ltd.
VEON Communication Services Telecom Services
VEON Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $4.4 billion, up 9.87% from fiscal 2024. In the quarter to June 2026, revenue grew 16.9%, EPS fell 79.6%, free cash flow grew 431.6% and total debt rose 19.1%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
76.81
0.26
−0.34%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
2.92 | 0.00 | 6.43 | 7.03 | 0.00 | 4.08 | 0.00 | 0.00 | 6.84 | 6.90 |
Piotroski F-Score |
5 | 5 | 7 | 7 | 4 | 6 | 3 | 6 | 5 | 8 |
P/S ratio |
0.78 | 0.72 | 0.45 | 0.50 | 0.36 | 0.78 | 0.24 | 0.37 | 0.71 | 0.83 |
Altman Z-Score |
0.71 | 0.84 | 0.74 | 0.80 | 0.42 | 0.52 | 0.48 | 0.21 | 0.48 | 0.79 |
P/FCF ratio |
28.91 | 15.29 | 7.22 | 3.50 | 3.45 | 1.55 | 0.84 | 1.00 | 8.23 | 8.87 |
Altman Z″-Score (non-manufacturers) |
0.07 | 0.28 | (0.41) | (0.59) | (0.82) | 0.55 | 0.66 | (0.99) | (0.94) | (0.01) |
Beneish M-Score |
(2.34) | (3.05) | (3.82) | (3.03) | (3.55) | (2.50) | (3.56) | (3.04) | (2.99) | (2.57) |
P/Operating CF |
15.52 | 14.24 | 6.45 | 6.66 | 4.65 | 4.71 | 1.70 | 3.32 | 7.82 | 7.96 |
P/B ratio |
1.14 | 1.75 | 1.47 | 1.99 | 2.61 | 1.99 | 1.19 | 1.27 | 2.26 | 2.25 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 43.19 |
EV/Sales |
1.62 | 1.82 | 1.11 | 1.52 | 1.50 | 2.94 | 1.56 | 1.13 | 1.37 | 1.50 |
EV/EBITDA |
4.76 | 4.85 | 3.10 | 3.22 | 3.61 | 6.11 | 3.20 | 2.52 | 2.98 | 2.93 |
EV/Operating CF |
7.67 | 6.98 | 4.00 | 4.56 | 4.49 | 4.29 | 2.29 | 1.98 | 4.77 | 4.87 |
EV/FCF |
60.15 | 38.72 | 17.73 | 10.61 | 14.32 | 5.83 | 5.37 | 3.08 | 15.90 | 15.93 |
Quick Ratio |
0.58 | 0.69 | 0.56 | 0.34 | 0.53 | 0.63 | 0.41 | 0.80 | 0.68 | 0.82 |
Current Ratio |
0.69 | 0.85 | 0.70 | 0.43 | 0.65 | 1.13 | 1.10 | 0.88 | 0.79 | 0.91 |
Net Debt/EBITDA |
2.64 | 2.58 | 1.84 | 2.16 | 2.74 | 4.49 | 2.70 | 1.70 | 1.44 | 1.30 |
Debt/Assets |
52.42% | 59.71% | 55.71% | 64.41% | 69.32% | 66.87% | 54.23% | 62.74% | 58.41% | 55.83% |
Debt/Equity |
1.84 | 2.99 | 2.83 | 4.66 | 9.96 | 7.07 | 10.66 | 4.81 | 3.73 | 3.15 |
Asset Turnover |
0.32 | 0.47 | 0.54 | 0.59 | 0.48 | 0.25 | 0.24 | 0.32 | 0.49 | 0.51 |
Operating CF/Net income |
0.81 | (4.90) | 4.32 | 4.75 | (7.00) | 3.91 | (15.78) | (0.83) | 2.77 | 2.54 |
Capex/Depreciation |
(0.84) | (0.97) | (0.72) | (0.78) | (0.66) | (1.04) | (1.51) | (1.03) | (1.10) | (1.16) |
Interest Coverage |
1.31 | 1.57 | 0.68 | 2.26 | 0.76 | 1.73 | 1.99 | 1.75 | 2.24 | 2.69 |
| 46.86% | (10.17%) | 17.45% | 24.84% | (21.59%) | 53.53% | (14.26%) | (275.08%) | 35.65% | 36.80% | |
| 8.46% | (2.48%) | 3.47% | 4.12% | (2.28%) | 4.42% | (1.05%) | (21.70%) | 5.11% | 6.17% | |
ROIC |
4.83% | 7.01% | 3.96% | 11.23% | 3.42% | 6.52% | 12.71% | 14.92% | 17.77% | 19.73% |
Return on Tangible Assets |
49.41% | (9.14%) | 16.04% | 15.25% | (6.56%) | 9.16% | (4.33%) | (102.27%) | 18.47% | 15.49% |
Average Days of Receivables |
28.14 | 29.09 | 23.18 | 25.86 | 28.64 | 65.42 | 44.32 | 53.50 | 40.84 | 49.87 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
41.28% | 39.56% | 40.69% | 33.45% | 33.36% | 39.64% | 40.83% | 44.51% | 44.93% | 42.81% |
Intangible Assets out of Total Assets |
0.33 | 0.35 | 0.40 | 0.35 | 0.29 | 0.20 | 0.13 | 0.20 | 0.19 | 0.17 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(1.53) | (1.71) | (2.01) | (2.56) | (4.05) | (3.00) | (4.98) | (2.92) | (1.37) | (1.22) |
Graham Number |
256.25 | 0.00 | 90.15 | 80.16 | 0.00 | 71.11 | 0.00 | 0.00 | 48.38 | 63.33 |
Earnings Yield |
34.21% | (7.18%) | 15.54% | 14.23% | (13.25%) | 24.49% | (16.34%) | (215.79%) | 14.61% | 14.49% |
Free Cash Flow Yield |
3.46% | 6.54% | 13.85% | 28.61% | 29.00% | 64.68% | 119.59% | 99.55% | 12.15% | 11.28% |
Revenue per Share |
127.00 | 135.42 | 129.87 | 126.69 | 104.22 | 54.91 | 53.46 | 52.66 | 56.55 | 62.99 |
Operating CF per Share |
26.80 | 35.38 | 35.95 | 42.15 | 34.92 | 37.62 | 36.40 | 30.06 | 16.24 | 19.37 |
Capex per Share |
(23.38) | (29.00) | (27.84) | (24.06) | (23.97) | (12.24) | (14.38) | (10.71) | (11.37) | (13.44) |
Free Cash Flow per Share |
3.42 | 6.38 | 8.10 | 18.10 | 10.95 | 25.39 | 22.02 | 19.35 | 4.87 | 5.93 |
Cash per Share |
44.77 | 34.93 | 27.10 | 19.04 | 25.14 | 33.34 | 45.94 | 33.25 | 28.90 | 31.80 |
Shareholders Equity per Share |
86.38 | 55.60 | 39.72 | 31.73 | 14.48 | 21.46 | 10.92 | 15.25 | 17.75 | 23.40 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
86.38 | 55.60 | 39.72 | 31.73 | 14.48 | 21.46 | 10.92 | 15.25 | 17.75 | 23.40 |
Free Cash Flow |
239.00 | 446.00 | 567.00 | 1,266.00 | 766.00 | 1,780.00 | 1,547.00 | 1,359.00 | 345.00 | 414.00 |
Working Capital |
(2,007.00) | (709.00) | (1,303.00) | (3,269.00) | (1,560.00) | 643.00 | 896.00 | (426.00) | (769.00) | (323.00) |
Capital Expenditures |
(1,636.00) | (2,029.00) | (1,948.00) | (1,683.00) | (1,677.00) | (858.00) | (1,010.00) | (752.00) | (805.00) | (939.00) |
Net Current Asset Value |
(10,600.00) | (11,653.00) | (8,213.00) | (11,340.00) | (10,688.00) | (8,999.00) | (4,543.00) | (3,989.00) | (3,894.00) | (4,468.00) |
EV/EBIT |
13.26 | 11.77 | 18.15 | 6.66 | 21.47 | 11.05 | 5.04 | 4.51 | 4.94 | 4.58 |
Capex to Sales |
0.18 | 0.21 | 0.21 | 0.19 | 0.23 | 0.22 | 0.27 | 0.20 | 0.20 | 0.21 |
Price to Operating Income |
6.37 | 4.65 | 7.39 | 2.19 | 5.17 | 2.93 | 0.79 | 1.47 | 2.56 | 2.55 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.29 | 0.34 | 0.55 | 0.29 | 0.37 | 0.12 | 0.24 | 0.25 | 0.24 | 0.22 |
Cash ROIC |
1.18% | 2.48% | 4.52% | 9.11% | 5.96% | 12.29% | 12.71% | 15.87% | 4.31% | 4.60% |
Accounts Receivable Turnover |
13.05 | 13.16 | 13.64 | 14.71 | 12.15 | 6.10 | 6.55 | 7.41 | 8.09 | 8.39 |
Accounts Payable Turnover |
1.13 | 1.30 | 1.34 | 1.17 | 0.90 | 0.24 | 0.31 | 0.39 | 0.42 | 0.39 |
Inventory Turnover |
17.34 | 21.72 | 19.87 | 13.12 | 12.23 | 4.36 | 7.38 | 21.51 | 27.11 | 22.38 |
Average Days of Payables |
320.69 | 263.47 | 280.13 | 331.61 | 414.89 | 1,531.64 | 833.52 | 993.20 | 904.35 | 1,000.63 |
Days of Inventory on Hand |
22.98 | 12.29 | 24.32 | 30.34 | 23.67 | 83.71 | 13.80 | 19.04 | 10.63 | 22.21 |
Average Receivables |
681.00 | 720.00 | 666.00 | 602.50 | 600.00 | 631.00 | 573.00 | 499.00 | 495.00 | 524.50 |
Average Payables |
1,756.00 | 1,644.00 | 1,584.00 | 1,735.50 | 1,896.50 | 1,988.50 | 1,559.00 | 1,143.50 | 1,238.00 | 1,359.00 |
Average Inventory |
114.50 | 98.50 | 106.50 | 155.00 | 140.00 | 111.00 | 64.50 | 20.50 | 19.00 | 23.50 |
Average Assets |
27,523.50 | 20,338.50 | 16,793.00 | 15,080.50 | 15,305.00 | 15,236.00 | 15,502.00 | 11,650.50 | 8,127.00 | 8,625.50 |
Average Common Equity |
4,968.50 | 4,966.50 | 3,334.50 | 2,499.50 | 1,616.50 | 1,259.00 | 1,136.00 | 919.00 | 1,164.00 | 1,445.50 |
Columns are period end dates