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↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026· older than 90 days
VEON Ltd. (VEON) Stock Analysis
Communication Services · Telecom Services
Sell if holding. Analyst target reached at $79.01 — A.R:R is negative (-0.1) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Sector modifier (Communication Services): -0.8.
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. Analyst target reached at $79.01 — A.R:R is negative (-0.1) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Sector modifier (Communication Services): -0.8. Chart setup: No clear chart pattern; technical signals are mixed. Score 5.2/10, high confidence.
Passes 4/7 gates (clean insider activity, no SEC red flags, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio and earnings proximity 0d<=7d. Suitability: aggressive.
Recent developments
updated Oct 28, 2026Recent Developments — VEON Ltd.
Latest news
- NEWS VEON Needs Stronger Cash Conversion To Justify More Upside (NASDAQ:VEON) - Seeking Alpha — Seeking Alpha Oct 28, 2026 neutral
- NEWS Dentons advises VEON on acquisition of Perfectum in Uzbekistan - Dentons — Dentons Oct 28, 2026 neutral
- NEWS VEON (VEON) vs. AMX and TEO: Can Its Kyivstar Stake Unlock Hidden Value From Emerging Markets? - Yahoo Finance — Yahoo Finance Oct 27, 2026 neutral
- NEWS VEON Ltd expected to post earnings of $1.61 a share - Earnings Preview - TradingView — TradingView Jul 29, 2026 neutral
- NEWS VEON Ltd expected to post earnings of $1.61 a share - Earnings Preview - tradingview.com — tradingview.com Jul 29, 2026 neutral
Latest item Oct 28, 2026 · Generated 2026-11-05T11:59:11Z.
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. How we score · Editorial policy
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Rating Breakdown
3 floor-breakers
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $79.01 — A.R:R is negative (-0.1) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Sector modifier (Communication Services): -0.8. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $73.74. Score 5.2/10, high confidence.
Analyst target $78.31 reached (−0.9% from $79.01); no take-profit level is published. Prior stop was $73.74. Stop-loss: $73.74.
Analyst target reached - limited upside remaining; Sector modifier (Communication Services): -0.8; Leverage penalty (D/E 3.0): -1.5.
VEON Ltd. trades at a P/E of 100.0 (forward 9.4). TrendMatrix value score: 5.8/10. Verdict: Sell.
11 analysts rate VEON, with a consensus score of 4.1/5. 8 analysts publish price targets averaging $90.
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.