Sunday 11 October 2026
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Telefonica Brasil S.A.
VIV Communication Services Telecom Services
Telefonica Brasil S.A.’s revenue for fiscal 2025 (year ended December 2025) was $10.7 billion, up 3.09% from fiscal 2024. In the quarter to June 2026, revenue grew 20.6%, EPS grew 33.0%, free cash flow grew 3.07% and total debt rose 8.82%, each against the same quarter a year earlier.
12.20
0.45
−3.56%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
7 | 8 | 6 | 5 | 6 | 6 | 5 | 8 | 7 | 7 |
P/E ratio |
19.50 | 17.65 | 8.34 | 19.89 | 16.78 | 12.53 | 13.81 | 19.43 | 12.38 | 23.21 |
P/S ratio |
1.89 | 1.89 | 1.69 | 2.16 | 1.79 | 1.77 | 1.17 | 1.73 | 1.20 | 3.58 |
Altman Z-Score |
2.08 | 2.17 | 2.20 | 2.20 | — | — | — | — | — | — |
P/FCF ratio |
16.93 | 11.75 | 21.45 | 9.96 | 6.41 | 5.22 | 5.70 | 6.46 | 6.12 | 18.25 |
Altman Z″-Score (non-manufacturers) |
2.59 | 2.73 | 3.20 | 2.56 | — | — | — | — | — | — |
P/Operating CF |
29.77 | 6.47 | 14.39 | 19.24 | 15.75 | 19.78 | 11.45 | 17.64 | 13.41 | 44.91 |
Beneish M-Score |
(2.83) | (2.81) | (2.54) | (3.18) | (3.44) | (2.90) | (3.01) | (2.97) | (3.09) | (3.00) |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 66 |
P/B ratio |
1.16 | 1.18 | 1.03 | 1.35 | 1.11 | 1.16 | 0.82 | 1.24 | 0.96 | 3.09 |
Price to Tangible BV |
3.25 | 3.13 | 2.51 | 3.27 | 2.66 | 3.13 | 2.99 | 4.25 | 3.11 | 10.15 |
EV/Sales |
1.99 | 1.99 | 1.76 | 2.39 | 1.96 | 1.99 | 1.52 | 2.00 | 1.45 | 3.80 |
EV/EBITDA |
6.02 | 8.20 | 4.28 | 5.84 | 4.75 | 5.81 | 3.79 | 5.76 | 3.54 | 9.14 |
EV/Operating CF |
7.38 | 4.26 | 6.39 | 5.97 | 4.37 | 3.25 | 3.85 | 4.11 | 4.07 | 10.94 |
EV/FCF |
17.78 | 12.37 | 22.23 | 11.05 | 7.04 | 5.89 | 7.43 | 7.45 | 7.41 | 19.38 |
Quick Ratio |
0.83 | 0.86 | 0.97 | 0.94 | 0.95 | 0.83 | 0.64 | 0.82 | 0.80 | 0.82 |
Current Ratio |
0.90 | 0.94 | 1.07 | 1.05 | 1.07 | 0.94 | 0.78 | 0.96 | 0.94 | 1.00 |
Net Debt/EBITDA |
0.29 | 0.30 | 0.15 | 0.57 | 0.42 | 0.55 | 0.88 | 0.67 | 0.61 | 0.53 |
Debt/Assets |
9.04% | 8.35% | 5.99% | 12.77% | 12.18% | 14.64% | 16.28% | 15.52% | 16.61% | 15.89% |
Debt/Equity |
0.13 | 0.12 | 0.09 | 0.20 | 0.19 | 0.24 | 0.28 | 0.27 | 0.30 | 0.29 |
Asset Turnover |
0.40 | 0.44 | 0.40 | 0.40 | 0.34 | 0.38 | 0.42 | 0.44 | 0.44 | 0.46 |
Operating CF/Net income |
2.80 | 2.74 | 1.34 | 3.54 | 4.05 | 2.90 | 4.64 | 3.74 | 3.58 | 3.36 |
Capex/Depreciation |
(0.87) | (1.06) | (1.02) | (0.75) | (0.65) | (0.71) | (0.72) | (0.63) | (0.63) | (0.60) |
Interest Coverage |
1.59 | 2.49 | 4.14 | 3.69 | 3.42 | 2.91 | 1.66 | 3.38 | 4.54 | 3.81 |
| 5.74% | 6.94% | 11.82% | 6.77% | 5.90% | 8.74% | 6.03% | 7.41% | 7.65% | 8.73% | |
| 3.88% | 4.73% | 8.17% | 4.57% | 3.81% | 5.44% | 3.56% | 4.26% | 4.34% | 4.79% | |
ROIC |
5.43% | 5.62% | 7.95% | 5.58% | 5.34% | 5.50% | 4.83% | 5.89% | 6.47% | 7.50% |
Return on Tangible Assets |
13.67% | 14.36% | 25.28% | 11.43% | 10.48% | 14.51% | 9.96% | 11.06% | 12.23% | 13.03% |
Average Days of Receivables |
100.71 | 94.21 | 111.30 | 109.72 | 94.91 | 101.12 | 90.30 | 84.13 | 82.55 | 83.68 |
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 |
35.87% | 36.06% | 35.51% | 34.33% | 33.38% | 32.27% | 30.34% | 29.55% | 28.94% | 28.73% |
Intangible Assets out of Total Assets |
0.44 | 0.43 | 0.41 | 0.38 | 0.37 | 0.38 | 0.42 | 0.41 | 0.39 | 0.37 |
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 |
(0.18) | (0.19) | (0.17) | (0.20) | (0.26) | (0.30) | (0.60) | (0.36) | (0.48) | (0.16) |
Graham Number |
13.61 | 15.79 | 19.32 | 13.09 | 9.74 | 10.78 | 9.16 | 9.98 | 10.40 | 6.64 |
Earnings Yield |
5.13% | 5.67% | 11.99% | 5.03% | 5.96% | 7.98% | 7.24% | 5.15% | 8.08% | 4.31% |
Free Cash Flow Yield |
5.91% | 8.51% | 4.66% | 10.04% | 15.59% | 19.16% | 17.55% | 15.48% | 16.33% | 5.48% |
Revenue per Share |
7.22 | 8.01 | 7.04 | 6.64 | 4.95 | 4.85 | 5.57 | 6.29 | 6.30 | 3.31 |
Operating CF per Share |
1.94 | 2.34 | 1.93 | 2.66 | 2.22 | 1.99 | 2.20 | 2.27 | 2.24 | 1.15 |
Capex per Share |
(1.14) | (1.55) | (1.38) | (1.22) | (0.84) | (0.94) | (1.06) | (1.01) | (1.01) | (0.50) |
Free Cash Flow per Share |
0.81 | 0.80 | 0.56 | 1.44 | 1.38 | 1.05 | 1.14 | 1.26 | 1.23 | 0.65 |
Cash per Share |
0.88 | 0.77 | 0.56 | 0.51 | 0.66 | 0.71 | 0.28 | 0.53 | 0.76 | 0.40 |
Shareholders Equity per Share |
11.76 | 12.88 | 11.60 | 10.57 | 7.99 | 7.71 | 7.94 | 8.41 | 7.88 | 3.83 |
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 |
11.76 | 12.88 | 11.60 | 10.57 | 7.99 | 7.71 | 7.94 | 8.41 | 7.88 | 3.83 |
Free Cash Flow |
1,361.47 | 1,344.90 | 939.27 | 2,427.88 | 2,330.30 | 1,767.28 | 1,903.26 | 2,084.93 | 2,026.24 | 2,094.82 |
Working Capital |
(584.75) | (354.19) | 328.92 | 231.25 | 230.04 | (259.28) | (946.57) | (168.10) | (267.65) | (4.63) |
Capital Expenditures |
(1,918.61) | (2,614.28) | (2,327.90) | (2,062.68) | (1,422.00) | (1,581.58) | (1,765.79) | (1,677.89) | (1,658.87) | (1,615.66) |
Net Current Asset Value |
(4,135.03) | (4,757.45) | (3,444.98) | (4,862.61) | (3,903.42) | (4,557.86) | (6,466.04) | (6,382.69) | (5,993.39) | (6,062.29) |
EV/EBIT |
13.26 | 12.99 | 8.07 | 14.67 | 12.84 | 6.04 | 11.06 | 13.47 | 9.33 | 22.99 |
Capex to Sales |
0.16 | 0.19 | 0.20 | 0.18 | 0.17 | 0.19 | 0.19 | 0.16 | 0.16 | 0.15 |
Price to Operating Income |
12.63 | 12.34 | 7.79 | 13.23 | 11.71 | 5.36 | 8.48 | 11.68 | 7.71 | 21.65 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.24 | 0.24 | 0.25 | 0.25 | 0.25 | 0.27 | 0.28 | 0.29 | 0.30 | 0.32 |
Cash ROIC |
5.68% | 5.23% | 4.23% | 10.93% | 13.56% | 10.21% | 10.89% | 11.22% | 11.24% | 12.12% |
Accounts Receivable Turnover |
3.66 | 3.95 | 3.34 | 3.21 | 3.02 | 3.68 | 4.08 | 4.43 | 4.36 | 4.46 |
Accounts Payable Turnover |
2.52 | 2.81 | 2.60 | 2.93 | 2.91 | 3.53 | 3.85 | 3.83 | 3.47 | 3.39 |
Inventory Turnover |
39.54 | 55.97 | 48.82 | 41.15 | 32.70 | 38.05 | 39.14 | 37.08 | 31.57 | 25.21 |
Average Days of Payables |
133.42 | 134.08 | 132.68 | 113.19 | 106.36 | 105.05 | 98.67 | 101.38 | 107.46 | 109.32 |
Days of Inventory on Hand |
7.19 | 6.28 | 8.02 | 9.52 | 10.18 | 9.42 | 10.51 | 10.21 | 12.77 | 16.36 |
Average Receivables |
3,330.97 | 3,427.82 | 3,559.51 | 3,499.09 | 2,773.84 | 2,218.00 | 2,281.26 | 2,353.68 | 2,373.48 | 2,394.40 |
Average Payables |
2,369.25 | 2,257.29 | 2,211.75 | 1,916.19 | 1,512.12 | 1,302.28 | 1,379.04 | 1,536.44 | 1,673.90 | 1,738.76 |
Average Inventory |
150.98 | 113.45 | 117.82 | 136.44 | 134.64 | 120.69 | 135.76 | 158.89 | 184.12 | 233.89 |
Average Assets |
30,153.43 | 30,507.75 | 29,906.94 | 27,750.70 | 24,267.94 | 21,263.85 | 22,253.14 | 23,628.83 | 23,673.91 | 23,050.82 |
Average Common Equity |
20,392.98 | 20,803.84 | 20,673.49 | 18,722.57 | 15,673.73 | 13,233.08 | 13,116.03 | 13,603.13 | 13,443.59 | 12,649.61 |
Columns are period end dates