TIM Future Growth

Future criteria checks 2/6

TIM is forecast to grow earnings and revenue by 16.4% and 4% per annum respectively. EPS is expected to grow by 16.3% per annum. Return on equity is forecast to be 15.2% in 3 years.

Key information

16.4%

Earnings growth rate

16.3%

EPS growth rate

Wireless Telecom earnings growth	8.7%
Revenue growth rate	4.0%
Future return on equity	15.2%
Analyst coverage	Good
Last updated	18 Dec 2024

Recent future growth updates

Analyst Estimates: Here's What Brokers Think Of TIM S.A. (BVMF:TIMS3) After Its Third-Quarter Report

Nov 08

TIM S.A. Just Beat EPS By 7.1%: Here's What Analysts Think Will Happen Next

Aug 01

TIM S.A. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

May 09

Recent updates

Shareholders Will Be Pleased With The Quality of TIM's (BVMF:TIMS3) Earnings

Nov 13

Analyst Estimates: Here's What Brokers Think Of TIM S.A. (BVMF:TIMS3) After Its Third-Quarter Report

Nov 08

TIM S.A. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

May 09

The Returns At TIM (BVMF:TIMS3) Aren't Growing

Mar 07

Solid Earnings Reflect TIM's (BVMF:TIMS3) Strength As A Business

Feb 15

TIM S.A.'s (BVMF:TIMS3) Popularity With Investors Is Clear

Jan 31

Earnings and Revenue Growth Forecasts

BOVESPA:TIMS3 - Analysts future estimates and past financials data (BRL Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	27,622	4,555	5,979	9,646	9
12/31/2025	26,757	4,075	5,362	10,333	15
12/31/2024	25,631	3,207	4,778	9,301	15
9/30/2024	25,092	3,188	8,060	12,659	N/A
6/30/2024	24,729	3,099	8,019	12,665	N/A
3/31/2024	24,289	2,944	7,537	12,107	N/A
12/31/2023	23,834	2,837	7,916	12,421	N/A
9/30/2023	23,383	2,293	6,422	11,009	N/A
6/30/2023	22,939	2,025	6,389	10,956	N/A
3/31/2023	22,444	1,678	5,311	10,002	N/A
12/31/2022	21,531	1,671	4,432	9,162	N/A
9/30/2022	20,506	2,148	3,335	8,848	N/A
6/30/2022	19,407	2,693	2,758	8,189	N/A
3/31/2022	18,445	3,086	3,960	9,248	N/A
12/31/2021	18,058	2,957	4,794	10,078	N/A
9/30/2021	17,937	2,955	6,063	10,653	N/A
6/30/2021	17,812	2,353	5,525	10,069	N/A
3/31/2021	17,392	1,959	5,825	10,136	N/A
12/31/2020	17,268	1,844	4,783	8,674	N/A
9/30/2020	17,176	1,334	4,790	8,559	N/A
6/30/2020	17,126	1,689	4,661	8,497	N/A
3/31/2020	17,402	3,664	3,149	7,257	N/A
12/31/2019	17,377	3,622	3,211	7,065	N/A
9/30/2019	17,248	3,751	2,517	6,401	N/A
6/30/2019	17,152	4,339	2,149	5,983	N/A
3/31/2019	17,052	2,420	1,897	5,766	N/A
12/31/2018	16,981	2,545	2,297	6,129	N/A
9/30/2018	16,781	2,517	2,297	6,418	N/A
6/30/2018	16,623	1,463	N/A	6,517	N/A
3/31/2018	16,402	1,348	N/A	6,786	N/A
12/31/2017	16,234	1,235	N/A	5,404	N/A
9/30/2017	16,021	994	N/A	4,884	N/A
6/30/2017	15,837	899	N/A	4,978	N/A
3/31/2017	15,714	755	N/A	5,075	N/A
12/31/2016	15,617	750	N/A	4,992	N/A
9/30/2016	15,689	852	N/A	4,675	N/A
6/30/2016	15,905	1,027	N/A	4,147	N/A
3/31/2016	16,445	1,896	N/A	4,199	N/A
12/31/2015	17,142	2,085	N/A	4,278	N/A
9/30/2015	18,196	2,080	N/A	5,908	N/A
6/30/2015	18,933	2,070	N/A	6,312	N/A
3/31/2015	19,347	1,492	N/A	6,742	N/A
12/31/2014	19,498	1,546	N/A	6,441	N/A
9/30/2014	19,513	1,585	N/A	5,536	N/A
6/30/2014	19,743	1,552	N/A	5,945	N/A
3/31/2014	19,913	1,572	N/A	5,386	N/A
12/31/2013	19,921	1,506	N/A	5,270	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TIMS3's forecast earnings growth (16.4% per year) is above the savings rate (10.4%).

Earnings vs Market: TIMS3's earnings (16.4% per year) are forecast to grow faster than the BR market (12.9% per year).

High Growth Earnings: TIMS3's earnings are forecast to grow, but not significantly.

Revenue vs Market: TIMS3's revenue (4% per year) is forecast to grow slower than the BR market (7.8% per year).

High Growth Revenue: TIMS3's revenue (4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TIMS3's Return on Equity is forecast to be low in 3 years time (15.2%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/18 07:04
End of Day Share Price	2024/12/18 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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. 15 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

TIM Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Analyst Estimates: Here's What Brokers Think Of TIM S.A. (BVMF:TIMS3) After Its Third-Quarter Report

TIM S.A. Just Beat EPS By 7.1%: Here's What Analysts Think Will Happen Next

TIM S.A. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Consensus EPS estimates increase by 18%

Consensus forecasts updated

Consensus EPS estimates increase by 12%

Recent updates

TIM S.A. to Report Q1, 2025 Results on May 05, 2025

Shareholders Will Be Pleased With The Quality of TIM's (BVMF:TIMS3) Earnings

Analyst Estimates: Here's What Brokers Think Of TIM S.A. (BVMF:TIMS3) After Its Third-Quarter Report

Third quarter 2024 earnings: EPS exceeds analyst expectations

Pinning Down TIM S.A.'s (BVMF:TIMS3) P/E Is Difficult Right Now

Dividend of R$0.12 announced

TIM S.A. Elects Alessandra Michelini as Member of the Board of Directors

These 4 Measures Indicate That TIM (BVMF:TIMS3) Is Using Debt Reasonably Well

TIM S.A. Just Beat EPS By 7.1%: Here's What Analysts Think Will Happen Next

Second quarter 2024 earnings: Revenues in line with analyst expectations

Tim S.A. Announces the Resignation of Elisabetta Paola Romano from the Position of Member of the Board of Directors

Dividend of R$0.12 announced

TIM (BVMF:TIMS3) Is Looking To Continue Growing Its Returns On Capital

Investors Still Waiting For A Pull Back In TIM S.A. (BVMF:TIMS3)

TIM S.A. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

First quarter 2024 earnings: Revenues in line with analyst expectations

The Returns At TIM (BVMF:TIMS3) Aren't Growing

Solid Earnings Reflect TIM's (BVMF:TIMS3) Strength As A Business

Full year 2023 earnings: EPS exceeds analyst expectations

TIM S.A.'s (BVMF:TIMS3) Popularity With Investors Is Clear

TIM S.A., Annual General Meeting, Mar 28, 2024

TIM S.A. to Report Q2, 2024 Results on Jul 29, 2024

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Second quarter 2023 earnings: Revenues exceed analyst expectations

First quarter 2023 earnings: EPS exceeds analyst expectations

Upcoming dividend of R$0.25 per share at 2.5% yield

Full year 2022 earnings: EPS and revenues miss analyst expectations

Tim S.A Appoints Alberto Mario Griselli as Interim Chief Financial Officer, Effective February 1, 2023

TIM S.A. Announces Resignation of Mrs. Camille Loyo Faria as Chief Financial Officer

TIM S.A., Annual General Meeting, Mar 30, 2023

TIM S.A. to Report Q1, 2023 Results on May 08, 2023

Consensus EPS estimates increase by 18%

Less than half of directors are independent

Third quarter 2022 earnings: Revenues exceed analyst expectations

TIM S.A. to Report Q3, 2022 Results on Oct 31, 2022

Consensus forecasts updated

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

TIM S.A. Announces Executive Changes

TIM S.A. to Report Q2, 2022 Results on Aug 01, 2022

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates increase by 12%

Less than half of directors are independent

Consensus forecasts updated

Full year 2021 earnings: EPS exceeds analyst expectations

TIM S.A. Announces Management Changes

Third quarter 2021 earnings released

CFO & Investor Relations Officer Adrian Calaza has left the company

Second quarter 2021 earnings released

Inaugural dividend of R$0.14 per share

First quarter 2021 earnings released

New 90-day low: R$12.80

Revenue and earnings beat expectations

Full year 2020 earnings released: EPS R$0.084 (vs R$0.091 in FY 2019)

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources