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VEON Ltd is a digital operator that provides connectivity and digital services to nearly 160 million customers. The group operates across six countries that are home to more than 7% of the world’s population. The company is transforming lives through technology-driven services that empower individuals and drive economic growth.
2009
17.2K+
LTM Revenue $4.1B
LTM EBITDA $1.7B
$5.7B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
VEON has a last 12-month revenue of $4.1B and a last 12-month EBITDA of $1.7B.
In the most recent fiscal year, VEON achieved revenue of $3.7B and an EBITDA of $1.8B.
VEON expects next 12-month revenue of XXX and NTM EBITDA of XXX
See VEON valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $3.8B | $3.7B | XXX | XXX | XXX |
| Gross Profit | $5.9B | $3.3B | XXX | XXX | XXX |
| Gross Margin | 157% | 89% | XXX | XXX | XXX |
| EBITDA | $2.2B | $1.8B | XXX | XXX | XXX |
| EBITDA Margin | 58% | 49% | XXX | XXX | XXX |
| Net Profit | $674M | -$162M | XXX | XXX | XXX |
| Net Margin | 18% | -4% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, VEON's stock price is $41.
VEON has current market cap of $2.9B, and EV of $5.7B.
See VEON trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5.7B | $2.9B | XXX | XXX | XXX | XXX | $5.72 |
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Sign UpAs of April 15, 2025, VEON has market cap of $2.9B and EV of $5.7B.
VEON's trades at 1.4x LTM EV/Revenue multiple, and 3.3x LTM EBITDA.
Analysts estimate VEON's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for VEON and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $5.7B | XXX | XXX | XXX |
| EV/Revenue | 1.5x | XXX | XXX | XXX |
| EV/EBITDA | 3.1x | XXX | XXX | XXX |
| P/E | -1.1x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 4.3x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpVEON's NTM/LTM revenue growth is 6%
VEON's revenue per employee for the last fiscal year averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, VEON's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate VEON's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for VEON and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -2% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 49% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -16% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 55% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 42% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 64% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| XXX | XXX | XXX | XXX | XXX | XXX | |
| e& | XXX | XXX | XXX | XXX | XXX | XXX |
| Space42 | XXX | XXX | XXX | XXX | XXX | XXX |
| Jordan Telecom | XXX | XXX | XXX | XXX | XXX | XXX |
| KPN | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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VEON acquired XXX companies to date.
Last acquisition by VEON was XXXXXXXX, XXXXX XXXXX XXXXXX . VEON acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was VEON founded? | VEON was founded in 2009. |
| Where is VEON headquartered? | VEON is headquartered in United States of America. |
| How many employees does VEON have? | As of today, VEON has 17.2K+ employees. |
| Who is the CEO of VEON? | VEON's CEO is Mr. Kaan Terzioglu. |
| Is VEON publicy listed? | Yes, VEON is a public company listed on NAS. |
| What is the stock symbol of VEON? | VEON trades under VEON ticker. |
| When did VEON go public? | VEON went public in 2010. |
| Who are competitors of VEON? | Similar companies to VEON include e.g. , e&, Space42, Jordan Telecom. |
| What is the current market cap of VEON? | VEON's current market cap is $2.9B |
| What is the current revenue of VEON? | VEON's last 12-month revenue is $4.1B. |
| What is the current EBITDA of VEON? | VEON's last 12-month EBITDA is $1.7B. |
| What is the current EV/Revenue multiple of VEON? | Current revenue multiple of VEON is 1.4x. |
| What is the current EV/EBITDA multiple of VEON? | Current EBITDA multiple of VEON is 3.3x. |
| What is the current revenue growth of VEON? | VEON revenue growth between 2023 and 2024 was -2%. |
| Is VEON profitable? | Yes, VEON is EBITDA-positive (as of the last 12 months). |
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