We’ve recently updated our valuation analysis.

VEON Valuation

Is VEON undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VEON?

Other financial metrics that can be useful for relative valuation.

VEON key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.5x
Enterprise Value/EBITDA4.1x
PEG Ratio0.06x

Price to Earnings Ratio vs Peers

How does VEON's PE Ratio compare to its peers?

VEON PE Ratio vs Peers
The above table shows the PE ratio for VEON vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.7x
PTNR Partner Communications
26xn/aUS$1.4b
GOGO Gogo
6.1x-1.1%US$1.7b
TDS Telephone and Data Systems
16x-7.8%US$1.6b
TIGO Millicom International Cellular
2.9x15.3%US$2.0b
VEON VEON
3.5x62.5%US$643.9m

Price-To-Earnings vs Peers: VEON is good value based on its Price-To-Earnings Ratio (3.5x) compared to the peer average (12.7x).


Price to Earnings Ratio vs Industry

How does VEON's PE Ratio compare vs other companies in the Global Wireless Telecom Industry?

Price-To-Earnings vs Industry: VEON is good value based on its Price-To-Earnings Ratio (3.5x) compared to the Global Wireless Telecom industry average (14.6x)


Price to Earnings Ratio vs Fair Ratio

What is VEON's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VEON PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.5x
Fair PE Ratio66.6x

Price-To-Earnings vs Fair Ratio: VEON is good value based on its Price-To-Earnings Ratio (3.5x) compared to the estimated Fair Price-To-Earnings Ratio (66.6x).


Share Price vs Fair Value

What is the Fair Price of VEON when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: VEON ($0.37) is trading below our estimate of fair value ($10.53)

Significantly Below Fair Value: VEON is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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