Added to YB: 2026-07-07
Pitch date: 2026-07-03
VEON [neutral]
VEON Ltd.
+1.2%
current return
Author Info
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Company Info
VEON Ltd. provides telecommunications and digital services in Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan.
Market Cap
$3.6B
Pitch Price
$52.50
Price Target
208.00 (+291%)
Dividend
N/A
EV/EBITDA
3.60
P/E
6.93
EV/Sales
1.58
Sector
Wireless Telecommunication Services
Category
value
$VEON: the Kyivstar stake is ~85% of the market cap — Pakistan comes almost free
VEON (overview): Holdco math play—84% Kyivstar stake worth ~$3.1B vs VEON's $3.6B cap, so Pakistan's Jazz/JazzCash (60M users, $59.7B GTV), Kazakhstan, Bangladesh, Uzbekistan nearly free. SOTP ~4x. 1Q26 rev +17%, FY26 guide 11-14%. Risks: LetterOne 45% sanctioned overhang, war zone, FX, holdco leverage.
Read full article (2 min)