TIM Brasil Valuation Multiples

TIM Brasil Overview

About TIM Brasil

TIM, which is 67%-owned by Telecom Italia, is the third largest wireless carrier in Brazil, with 62 million subscribers, equal to about 23% of the market. The firm owns 49% of I-Systems, an infrastructure partnership that is expanding its network footprint across Brazil. I-Systems can provide broadband service to about 8 million locations, including 6.5 million with fiber, equal to 10%-15% of the country. TIM leases capacity on the venture's network to serve retail broadband customers under the UltraFibra brand, but it has agreed to buy out its joint venture partner in 2026, taking full ownership of these assets. TIM also resells fiber network access from other providers.

Founded

1998

HQ

Employees

9.1K

Website

tim.com.br

Sectors

Telecom InfrastructureTelecom Service Providers

Financials (LTM)

Revenue: $5B

EBITDA: $3B

EV

$14B

Valuation Multiples

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TIM Brasil Financials

TIM Brasil reported last 12-month revenue of $5B and EBITDA of $3B.

In the same LTM period, TIM Brasil generated $3B in EBITDA and $839M in net income.

TIM Brasil P&L

In the most recent fiscal year, TIM Brasil reported revenue of $5B and EBITDA of $2B.

TIM Brasil expects next 12-month revenue of XXX and NTM EBITDA of XXX

TIM Brasil Stock Performance

TIM Brasil has current market cap of $12B, and enterprise value of $14B.

TIM Brasil's stock price is $5.19.

TIM Brasil Valuation Multiples

TIM Brasil trades at 2.8x EV/Revenue multiple, and 5.5x EV/EBITDA.

TIM Brasil Financial Valuation Multiples

As of March 20, 2026, TIM Brasil has market cap of $12B and EV of $14B.

Equity research analysts estimate TIM Brasil's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

TIM Brasil has a P/E ratio of 14.8x.

TIM Brasil Margins & Growth Rates

TIM Brasil's revenue in the last 12 month grew by 4%.

TIM Brasil's revenue per employee in the last FY averaged $0.6M.

TIM Brasil's rule of 40 is 55% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

TIM Brasil's rule of X is 61% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

TIM Brasil Public Comps

See public comps and valuation multiples for other Telecom Infrastructure and Telecom Service Providers comps.

TIM Brasil M&A Activity

TIM Brasil acquired XXX companies to date.

Last acquisition by TIM Brasil was on XXXXXXXX, XXXXX. TIM Brasil acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

TIM Brasil Investment Activity

TIM Brasil invested in XXX companies to date.

TIM Brasil made its latest investment on XXXXXXXX, XXXXX. TIM Brasil invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).