VEON Ltd. ADS/$VEON
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About VEON Ltd. ADS
VEON Ltd is a United Arab Emirates-based digital operator providing connectivity and Internet services to corporations and individuals. The company offers mobile and fixed-line telecommunications services through a range of traditional and broadband mobile technologies. The company's reportable segments consist of the following five segments: Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. It provides its services under the Beeline, Kyivstar, Banglalink, and Jazz brands. It generates the majority of its revenue from Pakistan. Its telecommunications and digital services include voice, fixed broadband, data and cloud services.
- Ticker
- $VEON
- Sector
- Communication
- Primary listing
- NASDAQ
- Employees
- 18,938
- Headquarters
- Dubai, United Arab Emirates
- Website
- www.veon.com
VEON Ltd. ADS Metrics
BasicAdvanced
$5.2B
14.06
$5.44
1.62
-
Price and volume
Market cap
$5.2B
Beta
1.62
52-week high
$89.00
52-week low
$44.00
Average daily volume
185K
Financial strength
Current ratio
0.952
Quick ratio
0.775
Long term debt to equity
2.131
Total debt to equity
2.738
Interest coverage (TTM)
2.06%
Profitability
EBITDA (TTM)
1,901.5
Gross margin (TTM)
86.36%
Net profit margin (TTM)
7.62%
Operating margin (TTM)
26.35%
Effective tax rate (TTM)
35.48%
Revenue per employee (TTM)
$260,000
Management effectiveness
Return on assets (TTM)
8.54%
Return on equity (TTM)
25.97%
Valuation
Price to earnings (TTM)
14.06
Price to revenue (TTM)
1.071
Price to book
3.15
Price to tangible book (TTM)
-21.04
Price to free cash flow (TTM)
7.086
Free cash flow yield (TTM)
14.11%
Free cash flow per share (TTM)
10.784
Growth
Revenue change (TTM)
17.13%
Earnings per share change (TTM)
-37.47%
3-year revenue growth (CAGR)
10.35%
10-year revenue growth (CAGR)
-5.61%
3-year earnings per share growth (CAGR)
-38.04%
10-year earnings per share growth (CAGR)
-7.45%
What the Analysts think about VEON Ltd. ADS
Analyst ratings (Buy, Hold, Sell) for VEON Ltd. ADS stock.
Analyst projections of the future price of VEON Ltd. ADS stock.
Bulls say / Bears say
Digital revenue rose 45.9% year on year in the third quarter and digital EBITDA grew 54.5%, with a 36% margin. That suggests these services are becoming a meaningful, profitable growth engine rather than just an add-on to mobile. (VEON)
The core telecom and infrastructure business grew revenue 9.2% in the third quarter, while VEON raised its 2026 revenue and EBITDA growth guidance. Continued pricing and customer growth could sustain earnings momentum beyond the faster-growing digital segment. (VEON)
Fuel shortages and power cuts are disrupting Bangladesh operations: the CEO told Reuters that data use there has fallen 15% this year, against expected growth of about 40%. Prolonged outages could constrain network service and revenue in a key market. (Reuters)
Cash generation remains a concern: third-quarter free cash flow was down 33.8% year on year, and Fitch expects cash flow after capex and debt costs to remain weak at around 2–3% through 2026–29. High interest, spectrum investment and taxes could limit the cash available for debt reduction or shareholder returns. (VEON, Fitch Ratings)
VEON earns most of its operating cash in local currencies but has dollar-denominated debt, leaving it exposed if currencies such as the Pakistani rupee or Bangladeshi taka weaken sharply. The company warns that devaluation could impair its ability to repay or refinance that debt. (U.S. Securities and Exchange Commission)
Data summarised monthly by Lightyear AI. Last updated on 6 Nov 2026.
VEON Ltd. ADS Financial Performance
Revenues and expenses
VEON Ltd. ADS Earnings Performance
Company profitability
Upcoming events
No upcoming events
VEON Ltd. ADS News
AllArticlesVideos
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

