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→Stable
- 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
Breakout setup
Communication Services · Telecom Services
Wait for pullback to $49.64. BUY gates pass at $53.13, but leverage penalty (D/E 2.9): -1.5 and consecutive earnings misses (2) argue for a more patient entry. Engine's entry $49.64 (Ma50 Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum.
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
Wait for pullback to $49.64. BUY gates pass at $53.13, but leverage penalty (D/E 2.9): -1.5 and consecutive earnings misses (2) argue for a more patient entry. Engine's entry $49.64 (Ma50 Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Chart setup: Golden cross, above all MAs, RSI 55, MACD bullish. Deep value: 54% margin of safety. Extreme undervaluation. | News modifier -1 (STRONG_BUY_NOW → STRONG_BUY_WAIT) Score 6.4/10, moderate confidence.
Passes 7/7 gates (positive momentum, favorable risk/reward ratio, clean insider activity, no SEC red flags, earnings proximity 26d clear, semi cycle peak clear, materials cycle peak clear). Suitability: aggressive.
Recent developments
updated 2026-07-07Recent Developments — VEON Ltd.
Latest news
- 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
- NEWS Kyivstar and VEON Fulfill Commitment to Invest $1 Billion Investment Program in Ukraine, Exceeding Target by 30% - Globe — GlobeNewswire positive
- NEWS Press Release: Kyivstar and VEON Fulfill Commitment to Invest $1 Billion Investment Program in Ukraine, Exceeding Target — Moomoo positive
Generated 2026-07-07T12:51:47Z.
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Thesis
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Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 floor-breaker·1 ceiling hit
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
Wait for pullback to $49.64. BUY gates pass at $53.13, but leverage penalty (D/E 2.9): -1.5 and consecutive earnings misses (2) argue for a more patient entry. Engine's entry $49.64 (Ma50 Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Chart setup: Golden cross, above all MAs, RSI 55, MACD bullish. Deep value: 54% margin of safety. Extreme undervaluation. | News modifier -1 (STRONG_BUY_NOW → STRONG_BUY_WAIT) Target $72.10 (+35.7%), stop $46.40 (−14.5%), A.R:R 3.9:1. Score 6.4/10, moderate confidence.
Take-profit target: $72.10 (+37.6% upside). Target $72.10 (+35.7%), stop $46.40 (−14.5%), A.R:R 3.9:1. Stop-loss: $46.40.
Leverage penalty (D/E 2.9): -1.5; Consecutive earnings misses (2).
VEON Ltd. trades at a P/E of 7.0 (forward 6.3). TrendMatrix value score: 8.2/10. Verdict: Buy (Wait for Entry).
10 analysts cover VEON with a consensus score of 4.1/5. Average price target: $83.
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.