VEON offers deep value with a 54% margin of safety, forward price-to-earnings of 6.3x, a 37% return on equity, and analyst consensus implying 56% upside, but high leverage at a 2.9 debt-to-equity ratio, volatile earnings with two recent misses, and an emerging-market telecom risk profile require a patient, value-oriented approach.
Thesis pillars
- Deep Value Margin Of Safety—
- Roe Wide Moat Quality→Stable
- High Leverage Earnings Volatility→Stable
- +1 more pillar — see the Why tab for full reasoning
VEON Ltd. (VEON) Stock Analysis
Communication Services · Telecom Services
Sell if holding. At $67.87, A.R:R 0.5:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 7.1%; Near 52-week high (2.3% away).
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... Read more
Sell if holding. At $67.87, A.R:R 0.5:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 7.1%; Near 52-week high (2.3% away). Chart setup: No clear chart pattern; technical signals are mixed. Score 5.9/10, high confidence.
Passes 6/7 gates (positive momentum, clean insider activity, no SEC red flags, earnings proximity 53d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
Recent developments
updated 2026-09-14Recent Developments — VEON Ltd.
Latest news
- NEWS VEON Ltd expected to post earnings of $1.61 a share - Earnings Preview - TradingView — TradingView neutral
- NEWS VEON Ltd expected to post earnings of $1.61 a share - Earnings Preview - tradingview.com — tradingview.com neutral
- NEWS Kyivstar, Veon complete multi-year $1.3B investment program in Ukraine - TipRanks — TipRanks positive
- NEWS VEON Ltd. and Kyivstar Group Exceed $1 Billion Investment Commitment to Ukraine Ahead of Schedule - Quiver Quantitative — Quiver Quantitative positive
- NEWS VEON and Kyivstar Fulfill Commitment to Invest USD 1 Billion in Ukraine over 2023-2027 Ahead of Schedule - GlobeNewswire — GlobeNewswire positive
Generated 2026-09-14T07:57:11Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
2 floor-breakers
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. At $67.87, A.R:R 0.5:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 7.1%; Near 52-week high (2.3% away). Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $63.12. Score 5.9/10, high confidence.
Take-profit target: $72.72 (+7.1% upside). Prior stop was $63.12. Stop-loss: $63.12.
Thin upside margin: 7.1%; Near 52-week high (2.3% away); Sector modifier (Communication Services): -0.8.
VEON Ltd. trades at a P/E of 67.9 (forward 8.1). TrendMatrix value score: 6.5/10. Verdict: Sell.
10 analysts cover VEON with a consensus score of 4.1/5. Average price target: $84.
What does VEON Ltd. do?VEON Ltd. provides telecommunications and digital services in Pakistan, Ukraine, Kazakhstan, Bangladesh, and...
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.