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TIM S.A.NYSE:TIMB Stock Report

Market Cap US$10.2b
Share Price
US$21.54
US$26.32
18.2% undervalued intrinsic discount
1Y19.1%
7D-2.4%
1D
Portfolio Value
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TIM S.A.

NYSE:TIMB Stock Report

Market Cap: US$10.2b

TIM (TIMB) Stock Overview

Engages in the telecommunications sector in Brazil. More details

TIMB fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance5/6
Financial Health3/6
Dividends5/6

Rewards

Trading at 68.9% below our estimate of its fair value

Earnings are forecast to grow 8.74% per year

Earnings grew by 26.2% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Unstable dividend track record


TIMB Community Fair Values

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TIM S.A. Competitors

Price History & Performance

Summary of share price highs, lows and changes for TIM
Historical stock prices
Current Share PriceR$21.54
52 Week HighR$28.22
52 Week LowR$17.65
Beta0.11
1 Month Change-9.46%
3 Month Change-17.38%
1 Year Change19.14%
3 Year Change42.08%
5 Year Change68.41%
Change since IPO179.90%

Recent News & Updates

Seeking Alpha • Feb 11

TIM S.A. Q4: Good Results, But I Don't Recommend Buying

Summary TIM S.A. delivered strong Q4 results, exceeding expectations with robust revenue and net income growth, driven by postpaid mobile plans. Despite operational efficiency and the highest ARPU in the sector, TIMB’s stagnant customer base and heavy reliance on mobile plans present long-term growth risks. I maintain a 'Hold' rating on TIMB due to limited valuation upside, rising competition from Nu/Claro, and a less diversified business model compared to Telefônica Brasil. Investors should monitor the upcoming business plan update on Feb. 24 for revised projections and strategic direction. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Feb 11

TIM S.A. Q4: Good Results, But I Don't Recommend Buying

Summary TIM S.A. delivered strong Q4 results, exceeding expectations with robust revenue and net income growth, driven by postpaid mobile plans. Despite operational efficiency and the highest ARPU in the sector, TIMB’s stagnant customer base and heavy reliance on mobile plans present long-term growth risks. I maintain a 'Hold' rating on TIMB due to limited valuation upside, rising competition from Nu/Claro, and a less diversified business model compared to Telefônica Brasil. Investors should monitor the upcoming business plan update on Feb. 24 for revised projections and strategic direction. Read the full article on Seeking Alpha
Seeking Alpha • Feb 18

TIM S.A. Q4: Solid Guidance Opens Doors For Further Upside

Summary TIM S.A. remains a strong investment with defensive appeal, solid dividends, and low volatility, despite economic challenges in Brazil and currency devaluation. Q4 2024 results showed strong net profit growth and promising guidance for 2025-2027, projecting sustainable revenue growth and disciplined CapEx spending. Updated valuation model suggests a 10% upside potential, with a new price target of $16.83 for TIMB's ADR, reflecting robust dividend distributions. Key risks include high inflation, competitive dynamics, and currency fluctuations, but the company's guidance outpaces inflation, supporting a bullish outlook. Read the full article on Seeking Alpha
Seeking Alpha • Nov 21

TIM S.A.: When Compelling Dividends Finally Meet Attractive Valuations

Summary TIM S.A. is Brazil's third-largest telecom operator, benefiting from market reconfiguration and growth in postpaid services, driving revenue and ARPU increases. The company offers appealing returns through dividends, with a 2024 yield of about 8% for its ADR, nearly double the four-year average. Despite past concerns over valuation, TIM S.A.'s EV/EBITDA has decreased by 30% year-over-year, making it a more attractive investment now. FX fluctuations pose a significant risk, but with a dividend yield over 8%, TIM S.A. is a buy below $15 levels. Read the full article on Seeking Alpha
Seeking Alpha • Aug 01

TIM S.A. Q2: Stretched Valuation Does Not Allow Buy Recommendation

Summary TIM's revenue increased, driven by mobile services, but costs are growing above inflation. Despite recording the largest profit ever in a 2nd quarter, the reduction in depreciation and capex in the 2nd quarter may not be sustainable. The valuation of TIM is not cheap, trading at 4.1x EBITDA compared to the historical average of 4x, suggesting little margin of safety. Read the full article on Seeking Alpha
Seeking Alpha • Jan 27

TIM S.A. Q4 Earnings Preview: Inflation Surprise

Summary TIMB is projected to announce Q4 revenue of $1.27 billion, with earnings per share of $0.41, which aligns with full-year guidance and the 2023-2025 strategic plan. Inflation in Brazil, which has been a concern for telecom companies, improved more than expected, providing a favorable backdrop for TIMB. TIMB's acquisition of Oi Group's Mobile business in 2022 has exceeded expectations, with strong service revenue and EBITDA growth. I continue to maintain a buy rating on TIMB stock, with a price target of $18.90. Read the full article on Seeking Alpha
Seeking Alpha • Nov 14

TIM S.A. Q3 Earnings: Attractive Developments In Dividend Payouts

Summary TIM reported strong Q3 results, including robust revenue and EBITDA growth. Concerns linger about TIM's current unattractive valuation despite positive earnings. The strategic move to increase future payouts reflects confidence in sustained dividends. The sale of TIM Group's Italian infrastructure aligns with restructuring efforts. TIM's overall performance is promising, but cautious investment is advised due to valuation concerns. Read the full article on Seeking Alpha
Seeking Alpha • Oct 04

TIM S.A.: Dividend-Friendly Cash Cow, But Overvalued

Summary TIM S.A. is a leading telecommunications company in Brazil, known for its advancements in 4G and 5G technology. While TIM is the third-largest telecom company in Brazil, it focuses on maximizing the value from its existing customer base rather than aggressive customer expansion. The acquisition of Oi's assets has significantly impacted TIM's financial results, with expectations of improved operational efficiency and growth. TIM is viewed as a cash cow due to its robust cash generation capacity and commitment to rewarding shareholders with dividends. However, valuation analysis suggests that TIM may be overvalued, prompting a neutral recommendation for potential investors. Read the full article on Seeking Alpha
Seeking Alpha • Aug 29

TIM S.A. Had A Better Q2 Than Expected

Summary Q2 earnings for TIM S.A. showed impressive performance, with net revenue increasing by 9% and EBITDA increasing by 17%. TIM outperformed its largest competitor, Telefonica, in Q2, with faster revenue growth and a higher OIBDA margin. Valuation signals for TIM are improving, with revenue multiples closing in on the mean and profitability multiples below sector averages. Read the full article on Seeking Alpha
Seeking Alpha • Jun 24

TIM S.A. Momentum Is Slowing

Summary TIM S.A. has experienced impressive growth due to the completion of their Oi integration and positive Q1 2023 results, with a 33%+ increase in stock price over the last year. Despite strong year-over-year growth and promising synergy value, concerns over quarter-over-quarter performance and lack of context from management remain. TIM is considered a hold with a stable dividend and balanced upside/downside potential. Investors should exercise caution when considering new investments in the company. Read the full article on Seeking Alpha
Seeking Alpha • Dec 16

TIM S.A. declares $0.1794 dividend

TIM S.A. (NYSE:TIMB) declares $0.1794/share  dividend, Forward yield 3.7% Payable Dec. 31; for shareholders of record Dec. 23; ex-div Dec. 22. See TIMB Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Sep 21

TIM S.A. goes ex-dividend tomorrow

TIM S.A. (NYSE:TIMB) had declared $0.075/share dividend. Payable for shareholders of record Sept. 23; ex-div Sept. 22. See TIMB Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

TIMBUS Wireless TelecomUS Market
7D-2.4%-4.7%-3.3%
1Y19.1%-19.7%22.3%

Return vs Industry: TIMB exceeded the US Wireless Telecom industry which returned -20.5% over the past year.

Return vs Market: TIMB underperformed the US Market which returned 22.5% over the past year.

Price Volatility

Is TIMB's price volatile compared to industry and market?
TIMB volatility
TIMB Average Weekly Movement5.0%
Wireless Telecom Industry Average Movement7.7%
Market Average Movement7.2%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.1%

Stable Share Price: TIMB has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: TIMB's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a8,873Alberto Griselliwww.tim.com.br

TIM S.A. engages in the telecommunications sector in Brazil. It offers landline switched telephone services in local, national, and international long-distance modes, as well as personal mobile and multimedia communication services. The company is based in Rio de Janeiro, Brazil.

TIM S.A. Fundamentals Summary

How do TIM's earnings and revenue compare to its market cap?
TIMB fundamental statistics
Market capUS$10.19b
Earnings (TTM)US$835.91m
Revenue (TTM)US$5.22b
12.2x
P/E Ratio
2.0x
P/S Ratio

Is TIMB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TIMB income statement (TTM)
RevenueR$27.04b
Cost of RevenueR$12.42b
Gross ProfitR$14.61b
Other ExpensesR$10.28b
EarningsR$4.33b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Jul 28, 2026

Earnings per share (EPS)1.81
Gross Margin54.05%
Net Profit Margin16.02%
Debt/Equity Ratio11.6%

How did TIMB perform over the long term?

See historical performance and comparison

Dividends

7.1%
Current Dividend Yield
81%
Payout Ratio

Does TIMB pay a reliable dividends?

See TIMB dividend history and benchmarks
When do you need to buy TIMB by to receive an upcoming dividend?
TIM dividend dates
Ex Dividend DateDec 29 2025
Dividend Pay DateJul 07 2026
Days until Ex dividend163 days
Days until Dividend pay date27 days

Does TIMB pay a reliable dividends?

See TIMB dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/09 10:58
End of Day Share Price 2026/06/09 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

TIM S.A. is covered by 31 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michel MorinBarclays
Mathieu RobilliardBarclays
Maurice PatrickBarclays