Market Cap
US$4.3b
Last Updated
2019/09/15 00:14 UTC
Data Sources
Company Financials +
Executive Summary
VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services.
Snowflake
Fundamentals
Solid track record and fair value.
Risks
- VEON has significant price volatility in the past 3 months.
Similar Companies
Share Price & News
How has VEON's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-2.4%
NasdaqGS:VEON
0.5%
US Wireless Telecom
1.2%
US Market
1 Year Return
-12.4%
NasdaqGS:VEON
6.9%
US Wireless Telecom
1.7%
US Market
VEON underperformed the Wireless Telecom industry which returned 6.9% over the past year.
VEON underperformed the Market in United States of America which returned 1.7% over the past year.
Share holder returns
| VEON | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.4% | 0.5% | 1.2% |
| 30 Day | -5.4% | 2.1% | 4.9% |
| 90 Day | -3.9% | 0.6% | 3.7% |
| 1 Year | -3.7%-12.4% | 8.1%6.9% | 3.9%1.7% |
| 3 Year | -7.9%-27.4% | 35.0%29.9% | 47.2%37.7% |
| 5 Year | -60.3%-69.0% | 35.2%22.1% | 60.0%42.4% |
Price Volatility Vs. Market
How volatile is VEON's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is VEON Ltd.'s (NASDAQ:VEON) High P/E Ratio A Problem For Investors?1 month ago | Simply Wall St
Why You Should Like VEON Ltd.’s (NASDAQ:VEON) ROCE1 month ago | Simply Wall St
Three Things You Should Check Before Buying VEON Ltd. (NASDAQ:VEON) For Its DividendValuation
Is VEON undervalued based on future cash flows and its price relative to the stock market?
>50%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
VEON's share price is below the future cash flow value, and at a moderate discount (> 20%).
VEON's share price is below the future cash flow value, and at a substantial discount (> 40%).
Price Based on Earnings
VEON is overvalued based on earnings compared to the US Wireless Telecom industry average.
VEON is overvalued based on earnings compared to the United States of America market.
Price Based on Expected Growth
VEON earnings are not expected to grow next year, we can't assess if its growth is good value.
Price Based on Value of Assets
VEON is good value based on assets compared to the US Wireless Telecom industry average.
Next Steps
Future Growth
How is VEON expected to perform in the next 1 to 3 years based on estimates from 12 analysts?
-7.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
VEON's revenue is expected to grow by 0.2% yearly, however this is not considered high growth (20% yearly).
VEON's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
VEON's revenue growth is positive but not above the United States of America market average.
VEON's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
VEON's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Earnings per Share Growth Estimates
Future Return on Equity
VEON is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Next Steps
Past Performance
How has VEON performed over the past 5 years?
49.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
VEON has delivered over 20% year on year earnings growth in the past 5 years.
VEON's 1-year earnings growth exceeds its 5-year average (205% vs 49.8%)
VEON's earnings growth has exceeded the US Wireless Telecom industry average in the past year (205% vs 7.7%).
Return on Equity
It is difficult to establish if VEON has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
Return on Assets
VEON used its assets more efficiently than the US Wireless Telecom industry average last year based on Return on Assets.
Return on Capital Employed
VEON has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Next Steps
Financial Health
How is VEON's financial position?
Financial Position Analysis
VEON's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
VEON's long term commitments exceed its cash and other short term assets.
Debt to Equity History and Analysis
VEON's level of debt (336.9%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has been reduced over the past 5 years (378.8% vs 336.9% today).
Debt is well covered by operating cash flow (27.4%, greater than 20% of total debt).
Interest payments on debt are not well covered by earnings (EBIT is 2.1x annual interest expense, ideally 3x coverage).
Balance Sheet
High level of physical assets or inventory.
Debt is not covered by short term assets, assets are 0.3x debt.
Next Steps
Dividend
What is VEON's current dividend yield, its reliability and sustainability?
11.30%
Expected Dividend Yield
Dividend Yield and Payments Analysis
VEON's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
VEON's dividend is above the markets top 25% of dividend payers in United States of America (3.67%).
VEON has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
VEON has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to Shareholders
Dividends paid are not well covered by earnings (0.2x coverage).
Future Payout to Shareholders
Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
Next Steps
Management
What is the CEO of VEON's salary, the management and board of directors tenure and is there insider trading?
4.6yrs
Average management tenure
CEO
Ursula Burns (60yo)
0.8yrs
Tenure
US$7,209,428
Compensation
Ms. Ursula M. Burns has been the Executive Chairman of the Board of Directors and Chief Executive Officer at VEON Ltd. since July 30, 2018 and December 13, 2018 respectively. Ms. Burns has extensive intern ...
CEO Compensation Analysis
Ursula's remuneration is higher than average for companies of similar size in United States of America.
Ursula's compensation has been consistent with company performance over the past year, both up more than 20%.
Management Age and Tenure
4.6yrs
Average Tenure
53yo
Average Age
The tenure for the VEON management team is about average.
Board Age and Tenure
1.2yrs
Average Tenure
56yo
Average Age
The average tenure for the VEON board of directors is less than 3 years, this suggests a new board.
Insider Trading
No 3 month open market individual insider trading information.
Recent Insider Transactions
| Entity | Company |
| Shares | 100,000,000 |
| Max Price | US$2.16 |
Ownership Breakdown
Management Team
Augie Fabela (53yo)
Co-Founder & Chairman Emeritus
- Tenure: 17.7yrs
Dmitry Zimin (86yo)
Founder & Honorary President
- Tenure: 9.3yrs
Ursula Burns (60yo)
Executive Chairman & CEO
- Tenure: 0.8yrs
- Compensation: US$7.21m
Scott Dresser (51yo)
Group General Counsel
- Tenure: 5yrs
- Compensation: US$3.03m
Trond Westlie (58yo)
Group Chief Financial Officer
- Tenure: 1.8yrs
- Compensation: US$1.95m
Kjell Johnsen (51yo)
Group Chief Operating Officer
- Tenure: 1.5yrs
- Compensation: US$1.76m
Yogesh Malik (46yo)
Group Chief Technology Officer
- Tenure: 5.5yrs
Henrich Daubner
Group Director of Accounting
- Tenure: 0yrs
Aleksandr Krupnov
President
- Tenure: 4.3yrs
Richard James
Group Director of Corporate Finance
- Tenure: 0yrs
Board Members
Julian Horn-Smith (71yo)
Director
- Tenure: 0yrs
- Compensation: US$260.50k
Augie Fabela (53yo)
Co-Founder & Chairman Emeritus
- Tenure: 17.7yrs
Ursula Burns (60yo)
Executive Chairman & CEO
- Tenure: 0.8yrs
- Compensation: US$7.21m
Mikhail Fridman (55yo)
Director
- Tenure: 1.2yrs
- Compensation: US$40.00k
Andrei Gusev (47yo)
Director
- Tenure: 0yrs
- Compensation: US$40.00k
Gennady Gazin (54yo)
Director
- Tenure: 0yrs
- Compensation: US$315.50k
Guy Laurence (57yo)
Director
- Tenure: 2.2yrs
- Compensation: US$307.85k
Gunnar Holt (64yo)
Director
- Tenure: 1.2yrs
- Compensation: US$300.00k
Guillaume Bacuvier (46yo)
Director
- Tenure: 1.2yrs
- Compensation: US$126.00k
Robert Jan de Kraats (58yo)
Director
- Tenure: 1.2yrs
- Compensation: US$117.60k
Company Information
VEON Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: VEON Ltd.
- Ticker: VEON
- Exchange: NasdaqGS
- Founded: 1992
- Industry: Wireless Telecommunication Services
- Sector: Telecom
- Market Cap: US$4.320b
- Shares outstanding: 1.75b
- Website: https://www.veon.com
Number of Employees
Location
- VEON Ltd.
- The Rock Building
- Claude Debussylaan 88
- Amsterdam
- Noord-Holland
- 1082 MD
- Netherlands
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| VEON | NasdaqGS (Nasdaq Global Select) | Yes | SPONSORED ADR | US | USD | Apr 2010 |
| 35V | DB (Deutsche Boerse AG) | Yes | SPONSORED ADR | DE | EUR | Apr 2010 |
| A2DN8Y | DB (Deutsche Boerse AG) | SPON ADR EACH REPR 1 ORD SHS | DE | EUR | Mar 2017 | |
| 0RO7 | LSE (London Stock Exchange) | Common Stock | GB | EUR | Apr 2017 | |
| VEON | ENXTAM (Euronext Amsterdam) | Common Stock | NL | EUR | Apr 2017 |
Biography
VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice and data telecommunication services through a range of mobile and fixed-line technologies. T ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/09/15 00:14 |
| End of Day Share Price | 2019/09/13 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.