VEON Ltd. ADR
VEON Ltd. ADR is a telecommunications and digital services company that provides mobile and fixed-line connectivity, broadband, voice, data, and cloud services to consumers and businesses. VEON operates across Pakistan, Ukraine, Kazakhstan, Uzbekistan, and Bangladesh through well-known brands including Beeline, Kyivstar, Banglalink, and Jazz. The company focuses on core communication services as well as digital offerings such as mobile financial services and internet-based solutions, positioning itself as a diversified operator in emerging markets. As a holding company, VEON plays a key role in linking regional telecom infrastructure with consumer-facing digital products, serving both individual users and enterprise customers across its operating markets.
$83.20
+$0.39 (+0.47%)
EOD Oct 16, 2026
24.37% operating margin is above average. ROIC at 12.68%.
Revenue grew 9.9%, steady but not accelerating.
At 68x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Net debt of $2.92B represents 7.2x FCF, leverage limits flexibility.
67.8x earnings, 26.9x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$4.76B
▲ +9.9% YoY
Net Income (TTM)
$128M
▲ +21.4% YoY
Op. Margin
23.98%
▼ -0.2pp YoY
ROIC
12.68%
▲ +1.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$219M
▲ +66.3% YoY
Op. Cash Flow (TTM)
$1.65B
▼ -26.2% YoY
Net Debt
$2.92B
Cash & Equiv.
$2.22B
3Y CAGR: +5.4%
3Y CAGR: -36.1%
Continue Research
Is VEON Ltd. ADR (VEON) overvalued?
At a P/E of 67.8 and a price-to-free-cash-flow of 26.9, VEON Ltd. ADR (VEON) trades above a two-stage DCF intrinsic value of about $12.28 per share, so at $83.20 the stock looks overvalued (85.2% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, VEON Ltd. ADR scores 36/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is VEON Ltd. ADR's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $12.28 per share for VEON, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $9.21. At today's $83.20, that puts the stock about 85.2% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is VEON Ltd. ADR a high-quality business?+
VEON Ltd. ADR scores 36 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 24.0% operating margin and a 12.7% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is VEON Ltd. ADR a good stock to buy right now?+
That depends on valuation and quality together, not either alone. VEON currently trades above its estimated intrinsic value and scores 36/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.