Kyivstar Group Future Growth

Future criteria checks 3/6

Kyivstar Group is forecast to grow earnings and revenue by 19% and 7.7% per annum respectively. EPS is expected to grow by 17.2% per annum. Return on equity is forecast to be 21.9% in 3 years.

Key information

19.0%

Earnings growth rate

17.17%

EPS growth rate

Wireless Telecom earnings growth	10.9%
Revenue growth rate	7.7%
Future return on equity	21.94%
Analyst coverage	Good
Last updated	05 Jun 2026

Recent future growth updates

Recent updates

New Narrative • May 18

Digital Ecosystem And Multiplay Adoption Will Shape Future Earnings Resilience

Catalysts About Kyivstar Group Kyivstar Group operates a telecom business in Ukraine and is building a broad digital services ecosystem across connectivity, media, mobility, healthcare and enterprise solutions. What are the underlying business or industry changes driving this perspective?

Seeking Alpha • Mar 22

Kyivstar Margins Suffer As Wars Fuels Rising Costs (Rating Downgrade)

Summary Kyivstar Group faces intensifying operational and geopolitical risks, prompting a downgrade from hold to sell. Rising energy costs, driven by war-related blackouts and surging oil prices, are severely compressing KYIV's margins despite revenue growth. KYIV remains unable to pay dividends due to legal restrictions, limiting shareholder returns even as operating cash flow improves. Recent acquisitions aim to diversify and grow, but near-term prospects are overshadowed by persistent instability and cost pressures. Read the full article on Seeking Alpha

New Narrative • Mar 15

Multiplay And Digital Ecosystem Will Drive Long Term Earnings Power And Resilience

Catalysts About Kyivstar Group Kyivstar Group operates a leading telecom and digital services platform in Ukraine, spanning mobile, fixed broadband and a growing portfolio of consumer and enterprise digital products. What are the underlying business or industry changes driving this perspective?

Analysis Article • Dec 12

Kyivstar Group Ltd.'s (NASDAQ:KYIV) Share Price Matching Investor Opinion

Kyivstar Group Ltd.'s ( NASDAQ:KYIV ) price-to-sales (or "P/S") ratio of 3.1x may not look like an appealing investment...

Earnings and Revenue Growth Forecasts

NasdaqGS:KYIV - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2028	1,511	416	384	713	6
12/31/2027	1,406	368	330	635	6
12/31/2026	1,308	324	287	614	8
3/31/2026	1,225	165	248	591	N/A
12/31/2025	1,157	124	225	558	N/A
9/30/2025	1,086	127	204	512	N/A
6/30/2025	1,037	298	323	229	N/A
3/31/2025	233	216	178	274	N/A
12/31/2024	919	283	182	430	N/A
9/30/2024	-1,158	120	-738	-1,047	N/A
6/30/2024	-463	183	-410	-236	N/A
3/31/2024	3,755	381	N/A	N/A	N/A
12/31/2023	915	281	270	413	N/A
9/30/2023	2,499	614	1,841	2,347	N/A
6/30/2023	3,629	688	1,842	2,540	N/A
3/31/2023	3,671	581	1,749	2,723	N/A
12/31/2022	3,755	777	1,710	2,700	N/A
9/30/2022	2,116	268	2,151	2,745	N/A
6/30/2022	2,044	145	2,122	2,686	N/A
3/31/2022	2,988	233	2,093	2,646	N/A
12/31/2021	3,850	130	1,835	2,670	N/A
9/30/2021	7,042	359	869	2,578	N/A
6/30/2021	7,723	-234	738	2,598	N/A
3/31/2021	7,714	-180	645	2,505	N/A
12/31/2020	7,291	-233	880	2,553	N/A
9/30/2020	8,236	-97	913	2,679	N/A
6/30/2020	8,466	568	886	2,630	N/A
3/31/2020	8,767	533	1,096	2,810	N/A
12/31/2019	8,864	547	N/A	2,838	N/A
9/30/2019	8,860	572	N/A	2,861	N/A
6/30/2019	8,958	147	N/A	2,738	N/A
3/31/2019	9,028	42	N/A	2,663	N/A
12/31/2018	9,097	-63	N/A	2,588	N/A
9/30/2017	9,491	-234	N/A	2,758	N/A
6/30/2017	9,379	-227	N/A	2,783	N/A
3/31/2017	9,103	34	N/A	2,563	N/A
12/31/2016	8,832	N/A	N/A	2,451	N/A
12/31/2015	6,707	309	N/A	1,879	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: KYIV's forecast earnings growth (19% per year) is above the savings rate (3.5%).

Earnings vs Market: KYIV's earnings (19% per year) are forecast to grow faster than the US market (17.9% per year).

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

Revenue vs Market: KYIV's revenue (7.7% per year) is forecast to grow slower than the US market (12.5% per year).

High Growth Revenue: KYIV's revenue (7.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: KYIV's Return on Equity is forecast to be high in 3 years time (21.9%)

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/12 21:37
End of Day Share Price	2026/06/12 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

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.

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 Github.

Analyst Sources

Kyivstar Group Ltd. is covered by 11 analysts. 8 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
Ganesha Nagesha	Barclays
Matthew Harrigan	Benchmark Company
Jesse Sobelson	BTIG

Kyivstar Group Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Kyivstar Group Ltd. Revises Earnings Guidance for the Year 2026

Kyivstar Group Ltd. Provides Earnings Guidance for the Year 2026

Consensus EPS estimates fall by 13%

Kyivstar Group Ltd. Provides Earnings Guidance for the Full Year 2025

Recent updates

Kyivstar Group Expands Urban Mobility With Uklon E-wings Deal and Autonomous Vehicle Trials

Kyivstar Group Ltd. to Report Q2, 2026 Results on Jul 31, 2026

Kyivstar Group Ltd. Announces Chief Financial Officer Changes

Digital Ecosystem And Multiplay Adoption Will Shape Future Earnings Resilience

First quarter 2026 earnings: EPS and revenues exceed analyst expectations

Kyivstar Group Ltd. Revises Earnings Guidance for the Year 2026

Kyivstar Group Ltd. to Report Q1, 2026 Results on May 13, 2026

Investor sentiment improves as stock rises 15%

Kyivstar Group Ltd., Annual General Meeting, May 12, 2026

New minor risk - Earnings quality

New minor risk - Financial data availability

New major risk - Market cap size

Kyivstar Margins Suffer As Wars Fuels Rising Costs (Rating Downgrade)

New minor risk - Earnings quality

Multiplay And Digital Ecosystem Will Drive Long Term Earnings Power And Resilience

Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind

Kyivstar Group Ltd. Provides Earnings Guidance for the Year 2026

Consensus EPS estimates fall by 13%

Kyivstar Group Ltd. (NasdaqGS:KYIV) completed the acquisition of Tabletki.ua from Oleksandr Muravshchyk, Nataliia Muravshchyk, Yurii Savchyn, Volodymyr Osmachko, Ievgen Muravshchyk and Vadym Rohatynskyi for $160 million.

Kyivstar Group Ltd. has completed a Follow-on Equity Offering in the amount of $131.25 million.

Kyivstar Group Ltd. has filed a Follow-on Equity Offering.

Kyivstar Launches 5G Pilot Program in Lviv

Kyivstar Group Ltd. to Report Q4, 2025 Results on Mar 16, 2026

New minor risk - Earnings quality

Kyivstar Group Ltd.'s (NASDAQ:KYIV) Share Price Matching Investor Opinion

New minor risk - Profit margin trend

Kyivstar Launches Starlink Direct to Cell Satellite Connectivity in Ukraine

Investor sentiment deteriorates as stock falls 15%

Kyivstar Group Ltd. Provides Earnings Guidance for the Full Year 2025

Kyivstar Group Ltd. to Report Q3, 2025 Results on Nov 10, 2025

Investor sentiment improves as stock rises 15%

Kyivstar Launches Large-Scale Telecom Network Modernization Project

Kyivstar Group Ltd Launches Locally Hosted AI Platform in Its Cloud

New minor risk - Share price stability

Less than half of directors are independent

Private Joint Stock Company Kyivstar completed the acquisition of Cohen Circle Acquisition Corp. I (NasdaqGM:CCIR) from Cohen Circle Sponsor I, LLC, Cantor Fitzgerald, L.P., Cohen Circle Advisors Ii, Llc and others in a reverse merger transaction.

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