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VEON Ltd is a United Arab Emirates-based digital operator providing connectivity and Internet services to corporations and individuals. The company offers mobile and fixed-line telecommunications services through a range of traditional and broadband mobile technologies. The company's reportable segments consist of the following five segments: Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. It provides its services under the Beeline, Kyivstar, Banglalink, and Jazz brands. It generates the majority of its revenue from Pakistan.
2009
18.0K+
LTM Revenue $4.1B
LTM EBITDA $1.7B
$6.4B
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 (LTM) of $4.1B and a last 12-month EBITDA of $1.7B.
In the most recent fiscal year, VEON achieved revenue of $4.0B and an EBITDA of $1.9B.
VEON expects next 12-month revenue of XXX and NTM EBITDA of XXX
See VEON valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $4.1B | XXX | $4.0B | XXX | XXX | XXX |
| Gross Profit | $3.6B | XXX | $3.5B | XXX | XXX | XXX |
| Gross Margin | 87% | XXX | 87% | XXX | XXX | XXX |
| EBITDA | $1.7B | XXX | $1.9B | XXX | XXX | XXX |
| EBITDA Margin | 42% | XXX | 48% | XXX | XXX | XXX |
| EBIT | $1.1B | XXX | $983M | XXX | XXX | XXX |
| EBIT Margin | 26% | XXX | 25% | XXX | XXX | XXX |
| Net Profit | $428M | XXX | $415M | XXX | XXX | XXX |
| Net Margin | 10% | XXX | 10% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, VEON's stock price is $53.
VEON has current market cap of $3.7B, and EV of $6.4B.
See VEON trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6.4B | $3.7B | XXX | XXX | XXX | XXX | $5.60 |
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Start Free TrialAs of May 30, 2025, VEON has market cap of $3.7B and EV of $6.4B.
VEON's trades at 1.6x EV/Revenue multiple, and 3.3x EV/EBITDA.
Equity research analysts estimate VEON's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
VEON has a P/E ratio of 8.8x.
See valuation multiples for VEON and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3.7B | XXX | $3.7B | XXX | XXX | XXX |
| EV (current) | $6.4B | XXX | $6.4B | XXX | XXX | XXX |
| EV/Revenue | 1.6x | XXX | 1.6x | XXX | XXX | XXX |
| EV/EBITDA | 3.7x | XXX | 3.3x | XXX | XXX | XXX |
| EV/EBIT | 6.0x | XXX | 6.5x | XXX | XXX | XXX |
| EV/Gross Profit | 1.8x | XXX | n/a | XXX | XXX | XXX |
| P/E | 8.8x | XXX | 9.0x | XXX | XXX | XXX |
| EV/FCF | 11.7x | XXX | 26.3x | 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.
Start Free TrialVEON's last 12 month revenue growth is 6%
VEON's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
VEON's rule of 40 is 55% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
VEON's rule of X is 58% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for VEON and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Margin | 42% | XXX | 48% | XXX | XXX | XXX |
| EBITDA Growth | 9% | XXX | -1% | XXX | XXX | XXX |
| Rule of 40 | 55% | XXX | 54% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 58% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 63% | 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 |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| 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 18.0K+ 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 $3.7B |
| What is the current revenue of VEON? | VEON's last 12 months revenue is $4.1B. |
| What is the current revenue growth of VEON? | VEON revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of VEON? | Current revenue multiple of VEON is 1.6x. |
| Is VEON profitable? | Yes, VEON is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of VEON? | VEON's last 12 months EBITDA is $1.7B. |
| What is VEON's EBITDA margin? | VEON's last 12 months EBITDA margin is 42%. |
| What is the current EV/EBITDA multiple of VEON? | Current EBITDA multiple of VEON is 3.7x. |
| What is the current FCF of VEON? | VEON's last 12 months FCF is $549M. |
| What is VEON's FCF margin? | VEON's last 12 months FCF margin is 13%. |
| What is the current EV/FCF multiple of VEON? | Current FCF multiple of VEON is 11.7x. |
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