VEON Ltd. (VEON)
Communications · NMS
Price as at 1 Oct 2026, 15:13 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
VEON Ltd. trades at $74.08, close to the $83.39 our fair value estimate puts on the business. On this measure the market and the model broadly agree, so the interesting question is which of them is wrong.
Our moat model scores it 69 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 6.9 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
VEON dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2020 | $3.75 | 1 |
| 2019 | $7.50 | 2 |
| 2018 | $4.25 | 1 |
| 2017 | $7.63 | 2 |
| 2016 | $0.875 | 1 |
| 2015 | $0.875 | 1 |
| 2014 | $0.875 | 1 |
| 2013 | $39.75 | 2 |
| 2012 | $20.00 | 1 |
| 2011 | $19.75 | 3 |
| 2010 | $11.50 | 1 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
VEON earnings and analyst estimates
Recommendation mix, 5 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About VEON Ltd.
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.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
VEON passes 3 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
6 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Two Sigma, TWO SIGMA INVESTMENTS, LP$10.13M · 0.0% of book
- Ken Griffin, CITADEL ADVISORS LLC$4.21M · 0.0% of book
- Marshall Wace, MARSHALL WACE, LLP$1.84M · 0.0% of book
- Israel Englander, MILLENNIUM MANAGEMENT LLC$1.52M · 0.0% of book
- Steve Cohen, Point72 Asset Management, L.P.$1.39M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
VEON peers
The largest companies in the same industry (Telecom Services), then in the same sector.
- NTTYY NTT, Inc.
- AMXOF América Móvil, S.A.B. de C.V.
- KDDIF KDDI Corporation
- SCMWY Swisscom AG
- VOD.L Vodafone Group Public Limited Company
- MTNOY MTN Group Limited
- TEFOF Telefónica, S.A.
- TELNF Telenor ASA
Every communications company we cover is on the Communications hub.
Common questions
Is VEON Ltd. (VEON) undervalued?
Against our fair value estimate of $83.39, VEON at $74.08 is 13% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own VEON?
6 of the institutions we track reported a position in VEON in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is VEON's P/E ratio?
VEON trades at 6.9 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Where does SteadyShares get its VEON data?
Fundamentals for VEON come from company filings and exchange data, as listed on NMS; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 15:13 UTC and is delayed. Our data quality score for this company is 96/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for VEON, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.