Projected Income Statement: VEON Ltd.

Forecast Balance Sheet: VEON Ltd.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 8,123 - - 2,934 3,510 3,479 3,148 2,806
Change - - - - 19.63% -0.88% -9.51% -10.86%
Announcement Date 28/02/22 16/03/23 21/03/24 20/03/25 13/03/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: VEON Ltd.

Fiscal Period: December 2021 2023 2024 2025 2026 2027 2028
CAPEX 1 1,826 651 826 930 889.7 871.6 898.5
Change - - 26.88% 12.59% -4.33% -2.04% 3.1%
Free Cash Flow (FCF) 1 813.2 - 323 423 1,152 1,285 1,387
Change - - - 30.96% 172.42% 11.51% 7.91%
Announcement Date 28/02/22 21/03/24 20/03/25 13/03/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: VEON Ltd.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 42.78% - 43.51% 42.23% 45.67% 44% 44.78% 45.15%
EBIT Margin (%) 18.99% - - 27.72% 32.71% 26.56% 28.09% 26.78%
EBT Margin (%) 11.67% - - 17.58% 17.84% 15.93% 17.42% 17.05%
Net margin (%) 8.65% -8.44% - 10.34% 12.09% 10% 11.02% 11.47%
FCF margin (%) 10.44% - - 8.07% 9.62% 23.32% 24.15% 24.42%
FCF / Net Income (%) 120.65% - - 78.02% 79.51% 233.27% 219.09% 212.88%

Profitability

        
ROA 4.42% - - - - - - -
ROE 53.53% - - 35.57% 40.9% 48.1% 37.7% 34.5%

Financial Health

        
Leverage (Debt/EBITDA) 2.44x - - 1.74x 1.75x 1.6x 1.32x 1.09x
Debt / Free cash flow 9.99x - - 9.08x 8.3x 3.02x 2.45x 2.02x

Capital Intensity

        
CAPEX / Current Assets (%) 23.44% - 17.6% 20.63% 21.14% 18.01% 16.38% 15.83%
CAPEX / EBITDA (%) 54.8% - 40.46% 48.85% 46.29% 40.93% 36.58% 35.05%
CAPEX / FCF (%) 224.52% - - 255.73% 219.86% 77.21% 67.83% 64.8%

Items per share

        
Cash flow per share 1 37.72 - - - - - - -
Change - - - - - - - -
Dividend per Share 1 - - - - - - 2 3.715
Change - - - - - - - 85.75%
Book Value Per Share 1 8.375 - - 17.75 - - - -
Change - - - - - - - -
EPS 1 9.75 - - 5.73 7.42 6.781 7.885 8.821
Change - - - - 29.49% -8.61% 16.29% 11.87%
Nbr of stocks (in thousands) 69,965 - 70,229 70,735 68,996 69,241 69,241 69,241
Announcement Date 28/02/22 - 21/03/24 20/03/25 13/03/26 - - -
1USD
Estimates
2026 *2027 *
P/E 7.62x 6.56x
PBR - -
EV / Sales 1.43x 1.26x
Yield - 3.87%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
51.69USD
Average target price
82.87USD
Spread / Average Target
+60.33%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. VEON Stock
  4. Financials VEON Ltd.