TIM Past Earnings Performance

Past criteria checks 1/6

TIM has been growing earnings at an average annual rate of 7.4%, while the Wireless Telecom industry saw earnings growing at 25.2% annually. Revenues have been growing at an average rate of 3.3% per year. TIM's return on equity is 8.5%, and it has net margins of 10.5%.

Key information

7.4%

Earnings growth rate

9.2%

EPS growth rate

Wireless Telecom Industry Growth	36.3%
Revenue growth rate	3.3%
Return on equity	8.5%
Net Margin	10.5%
Last Earnings Update	30 Sep 2022

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How TIM makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

BASE:TIMBD Revenue, expenses and earnings (BRL Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 22	20,506	2,148	7,116
30 Jun 22	19,407	2,693	6,716
31 Mar 22	18,445	3,086	6,415
31 Dec 21	18,058	2,957	6,345
30 Sep 21	17,937	2,955	6,244
30 Jun 21	17,812	2,353	6,182
31 Mar 21	17,392	1,959	6,036
31 Dec 20	17,268	1,844	6,099
30 Sep 20	17,176	1,334	6,269
30 Jun 20	17,126	1,689	6,377
31 Mar 20	17,402	3,664	6,669
31 Dec 19	17,377	3,622	6,704
30 Sep 19	17,248	3,751	7,391
30 Jun 19	17,152	4,339	6,753
31 Mar 19	17,052	2,420	6,668
31 Dec 18	16,981	2,545	6,579
30 Sep 18	16,781	2,517	5,720
30 Jun 18	16,623	1,463	6,200
31 Mar 18	16,402	1,348	6,100
31 Dec 17	16,234	1,235	6,000
30 Sep 17	16,021	994	6,013
30 Jun 17	15,837	899	6,017
31 Mar 17	15,714	755	5,940
31 Dec 16	15,617	750	5,978
30 Sep 16	15,689	852	6,013
30 Jun 16	15,905	1,027	5,949
31 Mar 16	16,445	1,896	6,029
31 Dec 15	17,142	2,085	6,018

Quality Earnings: TIMBD has a large one-off gain of R$652.1M impacting its last 12 months of financial results to 30th September, 2022.

Growing Profit Margin: TIMBD's current net profit margins (10.5%) are lower than last year (16.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: TIMBD's earnings have grown by 7.4% per year over the past 5 years.

Accelerating Growth: TIMBD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TIMBD had negative earnings growth (-27.3%) over the past year, making it difficult to compare to the Wireless Telecom industry average (1.7%).

Return on Equity

High ROE: TIMBD's Return on Equity (8.5%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2022/11/09 06:02
End of Day Share Price	2022/08/12 00:00
Earnings	2022/09/30
Annual Earnings	2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

TIM S.A. is covered by 47 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Beatriz Battelli	Banco Brascan S.A.
Michel Morin	Barclays
Mathieu Robilliard	Barclays