Stock Fundamentals

Company Information

Company Name
VEON Ltd
Sector
Communication Services
Industry
Telecom Services
Exchange
NASDAQ
ISIN: US91822M5022
CIK: 0001468091
CUSIP: 68370R109
Currency: USD
Full Time Employees: 18,938
Phone: 971 52 138 1275
Fiscal Year End: December
IPO Date: Nov 20, 1996
Description:

VEON Ltd. provides telecommunications and digital services in Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. The company offers mobile telecommunications services under prepaid and postpaid subscriptions, including value-added and call completion services, national and international roaming services, wireless Internet access, mobile financial services, and mobile bundles; fixed-line telecommunications using fiber optic networks; cross-border transmission services; prepaid scratch cards and electronic recharge options; mobile services on 2G, 3G, and 4G/LTE networks; cloud solutions, including consumer storage apps; local, long-distance, and international voice services; and customer support through contact centers. It also provides FikrFree, a digital insurance marketplace; Tamasha, a video streaming app; ROX, a digital lifestyle brand; Garaj, a cloud platform; ApnaClinic and Helsi digital healthcare platforms; SIMOSA, ZARR, and RYZE lifestyle platforms; Kyivstar TV, a media streaming service; My Kyivstar, a self-service application; Uklon, a ride-hailing and delivery platform; Adwisor, an adtech platform; Simply, a mobile-only neobank; BeeTV, an entertainment platform; Hitter and riitm music streaming platforms; MyBL, Janymda, and Hambi super-apps; AI tutor, an AI-powered learning assistant; Toffee, an infotainment platform; BCloud, a digital infrastructure solution; Beepul, a financial services solution; KINOM, a digital entertainment platform; BeeMarket, an electronics and home appliance marketplace; Hambi Davo, a suite of digital health services; and OQ, a digital platform. The company distributes its products and services through a direct sales force, franchises, third-party retailers, distributors, supermarkets, stores, chains, online, offices, and other channels. The company was formerly known as VimpelCom Ltd. and changed its name to VEON Ltd. in March 2017. VEON Ltd. was founded in 1992 and is headquartered in Dubai, the United Arab Emirates.

Address:

Index Tower (East Tower), Dubai, United Arab Emirates

Directors & Officers

Name Title Year Born
Mr. Muhterem Kaan Terzioglu Group CEO & Director 1968
Mr. Burak Ozer Group Chief Financial Officer 1972
Mr. Vitaly Shmakov Chief Investment Officer NA
Mr. Inanc Cakiroglu Chief Information Officer NA
Mr. Marlies A. Smith Secretary NA
Mr. Evgeniy Nastradin Chief Executive Officer of Beeline Uzbekistan 1976
Mr. Artashes Davtyan Chief Executive Officer of Beeline Uzbekistan NA
Mr. Jabbor Kayumov Chief Executive Officer of Beeline Kazakhstan NA

Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
Exor Investments (UK) LLP 6.04M Mar 31, 2026 8.73% $5.52 -0.31%
Shah Capital Management 4.89M Mar 31, 2026 7.06% $43.44 -0.10%
Wellington Management Company LLP 954.53K Mar 31, 2026 1.38% $0.01 -2.34%
Solus Alternative Asset Management LP 887.00K Mar 31, 2026 1.28% $11.04 0.00%
Morgan Stanley - Brokerage Accounts 768.12K Mar 31, 2026 1.11% $0.00 17.01%
Panview Capital Ltd 557.61K Mar 31, 2026 0.81% $5.53 8.29%
BNP Paribas Investment Partners SA 501.44K Mar 31, 2026 0.72% $0.03 0.00%
VR Advisory Services Ltd 393.65K Mar 31, 2026 0.57% $2.16 292.99%
Two Sigma Investments LLC 224.41K Mar 31, 2026 0.32% $0.01 4.45%
Pictet Asset Manangement SA 161.69K Mar 31, 2026 0.23% $0.01 -28.34%
Mackenzie Investments 150.44K Mar 31, 2026 0.22% $0.01 9.90%
Gabelli Funds LLC 125.84K Mar 31, 2026 0.18% $0.04 -1.56%
Citadel Advisors Llc 106.98K Mar 31, 2026 0.15% $0.00 37.52%
Walleye Trading Advisors, LLC 90.49K Mar 31, 2026 0.13% $0.02 -1.74%
Two Sigma Advisers, LLC 75.82K Dec 31, 2025 0.11% $0.01 -4.74%
Bank of America Corp 69.75K Mar 31, 2026 0.10% $0.00 2.84%
UBS Asset Mgmt Americas Inc 68.01K Mar 31, 2026 0.10% $0.00 0.00%
Cygnus Capital Advisors, LLC 38.88K Mar 31, 2026 0.06% $1.23 -9.33%
Redwheel Asset Management LLP 38.04K Mar 31, 2026 0.05% $0.07 0.00%
The Goldman Sachs Group Inc 37.18K Mar 31, 2026 0.05% $0.00 -30.42%

Shares Statistics

Shares Outstanding: 69.24M
Shares Float: 29.90M
% Insiders: 6.00%
% Institutions: 2,591.00%
Short % Float: 0.53%

Fund Holdings

Rank Holder Name Shares Held % of Shares Change Date Reported
1 Eaton Vance Emerg & Frntr Countrs Eq I 474.99K 0.69% ▲ 0.00% Apr 30, 2026
2 BNP Paribas Russia Eq I Cap 471.26K 0.68% ▲ 0.00% Apr 30, 2026
3 Hartford International Value I 318.19K 0.46% ▲ 0.00% Apr 30, 2026
4 PGSF Glb Hi Yld Em Eq PDI 250.91K 0.36% ▲ 27.15% Feb 28, 2026
5 Mackenzie Quantitative Emerg Mkt All Cap 134.16K 0.19% ▲ 5.26% Mar 31, 2026
6 Mackenzie GQE Emerging Markets F 134.16K 0.19% ▲ 0.00% Mar 31, 2026
7 Eaton Vance Strategic Income Class C 57.45K 0.08% ▼ 0.01% Jan 31, 2026
8 Vanguard Emerg Mkts Sel Stk Inv 56.70K 0.08% ▲ 15.52% Mar 31, 2026
9 Gabelli Small Cap Growth AAA 41.50K 0.06% ▼ 1.66% Mar 31, 2026
10 Wellington Intl Contrarian Value ex-SC 33.52K 0.05% ▲ 8.09% Mar 31, 2026

Valuation Metrics

Enterprise Value: $6.87B
Trailing P/E: 6.99
Forward P/E: 7.84

Financial Highlights

Market Cap: $3.63B
EBITDA: $1.82B
P/E Ratio: $6.99
PEG Ratio: $2.23
Book Value: $21.20
Earnings/Share: $7.50
Profit Margin: 11.63%
Operating Margin: 25.65%
ROA (TTM): 8.93%
ROE (TTM): 36.67%
Revenue (TTM): $4.57B
Revenue/Share (TTM): $65.75
Earnings Growth (YOY): 1.60%
Revenue Growth (YOY): 17.10%

Stock Price History

1 Year Price History

2 Years Price History

5 Years Price History

10 Years Price History

Financial Charts

Revenue & Net Income (Yearly)

Revenue & Net Income (Quarterly)

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Yearly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Earnings Per Share (EPS) History

Financial Ratios

Balance Sheet (Yearly)

Financial Ratios

Date Current Ratio Debt/Equity Debt/Assets Interest Coverage Debt/EBITDA
2025-12-31 0.91x 0.82x 0.82x 1.92x 0.51x
2024-12-31 0.80x 1.52x 0.84x 2.24x 1.13x
2023-12-31 0.86x 5.00x 0.95x 1.99x 1.73x
2022-12-31 1.49x 9.76x 0.95x 0.73x 4.35x
2021-12-31 1.24x 2.12x 0.91x 1.73x 0.68x
2020-12-31 0.65x 7.70x 0.93x 1.45x 0.72x
2019-12-31 0.43x 8.44x 0.86x 2.13x 2.98x
2018-12-31 0.70x 2.40x 0.80x 0.68x 2.16x
2017-12-31 0.95x 2.83x 0.80x 1.57x 3.10x
2016-12-31 0.69x 1.71x 0.71x 1.31x 3.25x
2015-12-31 0.97x 2.49x 0.89x 0.63x 3.34x
2014-12-31 0.91x 5.42x 0.90x 1.74x 4.82x
2013-12-31 0.91x 2.40x 0.78x 1.22x 5.06x
2012-12-31 0.80x 1.96x 0.72x 2.35x 2.98x
2011-12-31 0.70x 2.05x 0.72x 1.80x 3.97x
2010-12-31 0.73x 0.54x 0.46x 5.21x 1.15x
2009-12-31 0.87x 1.63x 0.66x 4.31x 1.91x
2008-12-31 0.63x 1.92x 0.71x 5.12x 2.58x
2007-12-31 0.86x 0.51x 0.46x 11.32x 0.75x
2006-12-31 0.00x 0.49x 0.50x 7.50x 0.84x
2005-12-31 0.00x 0.54x 0.54x N/A 1.61x
2004-12-31 0.00x 0.64x 0.55x N/A 2.04x
2003-12-31 0.00x 0.33x 0.49x N/A 0.92x
2002-12-31 0.00x 0.62x 0.55x N/A 2.11x
2001-12-31 0.00x 0.37x 0.45x N/A 2.15x
2000-12-31 0.00x 0.51x 0.47x N/A N/A

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