VEON
Communication ServicesVEON Ltd. · Telecommunications Services · $4B
What is VEON Ltd.?
VEON Ltd. is a digital operator delivering converged connectivity and digital services to customers across six emerging-market countries, reaching more than seven percent of the global population.
VEON generates revenue by providing mobile and broadband connectivity alongside digital services — including fintech and entertainment platforms — to consumers and businesses in its operating markets. The company positions itself as a technology-driven operator aiming to expand digital access and economic participation in underserved regions.
Founded in 1996 and headquartered in Amsterdam, VEON is listed on NASDAQ.
- Mobile and broadband connectivity
- Digital financial services
- Digital content and entertainment platforms
Is VEON a Good Stock to Buy?
UQS Score rates VEON as Below Average overall.
VEON's Quality pillar stands out relative to its other dimensions, suggesting some operational discipline within its business. Valuation is rated Attractive, meaning the stock may be priced at a discount compared to its fundamentals.
The Moat, Growth, and Risk pillars all register as Weak, reflecting limited competitive differentiation, constrained expansion prospects, and meaningful exposure to operating-market risks.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does VEON pay dividends?
No — VEON Ltd. does not currently pay a dividend.
VEON does not currently pay a dividend. Given the company's focus on expanding digital infrastructure across emerging markets, capital is directed toward network investment and operational development rather than shareholder distributions.
When does VEON report earnings?
VEON reports earnings on a quarterly cadence, consistent with standard practice for NASDAQ-listed companies.
VEON operates in dynamic, currency-sensitive markets, which can create variability in reported results from quarter to quarter. Investors should weigh both local-currency trends and broader macroeconomic conditions when reviewing results.
For the most recent quarter's results, visit VEON's investor relations page at veon.com.
VEON Price History
+14.5% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in VEON Ltd.?
Based on VEON Ltd.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
Frequently Asked Questions
What does VEON do?
VEON is a digital operator providing mobile connectivity, broadband, and digital services — including fintech and content platforms — to nearly 160 million customers across six countries. The company focuses on markets where expanding digital access can drive meaningful economic impact.
Does VEON pay dividends?
VEON does not currently pay a dividend. The company reinvests capital into its network and digital service expansion across its emerging-market footprint rather than returning cash to shareholders through distributions.
When does VEON report earnings?
VEON follows a quarterly earnings reporting schedule. Specific dates are not available through our data source, so check VEON's investor relations page for the most current schedule and recent filings.
Is VEON a good stock to buy?
UQS Score rates VEON as Below Average overall. While Valuation is Attractive and Quality registers as Good, the Moat, Growth, and Risk pillars are all Weak. Investors should weigh the discount pricing against the meaningful risks present in VEON's operating markets.
Is VEON overvalued?
The UQS Valuation pillar rates VEON as Attractive, suggesting the stock is not considered overvalued relative to its fundamentals. However, an attractive price alone does not offset the weaknesses identified in other pillars.
What is VEON's market cap bracket?
VEON is classified as a mid-cap company. This places it in a range that can offer growth potential but may also carry more volatility than large- or mega-cap peers in the Communication Services sector.
Is VEON a long-term quality investment?
From a long-term quality perspective, VEON's Below Average UQS Score — driven by Weak Moat, Growth, and Risk ratings — raises questions about durability. The Good Quality pillar offers some reassurance, but long-term conviction would require improvement across multiple dimensions. Pro members can view the full analysis.
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Pro Analysis
VEON — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 45.6 | 68.3 | 28.0 | 29.0 | 5.5 | 99.3 | +0.1 |
| May 21, 2026 | 45.5 | 68.3 | 28.0 | 29.0 | 5.5 | 98.7 | -0.3 |
| May 18, 2026 | 45.8 | 69.0 | 28.0 | 29.0 | 6.0 | 98.7 | +0.1 |
| May 8, 2026 | 45.7 | 69.0 | 28.0 | 27.9 | 6.0 | 99.4 | +0.2 |
| May 6, 2026 | 45.5 | 69.0 | 28.0 | 27.9 | 6.0 | 98.6 | +0.1 |
| May 4, 2026 | 45.4 | 69.0 | 28.0 | 27.4 | 6.0 | 98.6 | -0.4 |
| Apr 28, 2026 | 45.8 | 69.0 | 28.0 | 29.2 | 6.0 | 98.6 | +0.3 |
| Apr 19, 2026 | 45.5 | 69.0 | 28.0 | 27.6 | 6.0 | 98.6 | +0.4 |
| Apr 18, 2026 | 45.1 | 69.0 | 28.0 | 26.0 | 6.0 | 98.6 | -0.3 |
| Apr 6, 2026 | 45.4 | 69.0 | 28.0 | 26.0 | 6.0 | 100.0 | +0.4 |
VEON — Pillar Breakdown
Quality
— 68.3/100 (25%)VEON Ltd. shows solid profitability with healthy returns on capital and reasonable margins.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 31.6/100 (20%)VEON Ltd. faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 5.5/100 (15%)VEON Ltd. presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 99.6/100 (15%)VEON Ltd. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 28/100 (25%)VEON Ltd. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for VEON.
Score Composition
Financial Data
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How is the VEON UQS Score Calculated?
The UQS (Unified Quality Score) for VEON Ltd. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses VEON Ltd.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether VEON Ltd. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.