(TIMB) TIM Participacoes - Overview
Mobile, Fixed, Data, Broadband, Long-Distance
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 10.46% |
| Yield on Cost 5y | 20.10% |
| Yield CAGR 5y | 45.77% |
| Payout Consistency | 79.5% |
| Payout Ratio | 71.1% |
| Risk 5d forecast | |
|---|---|
| Volatility | 28.7% |
| Relative Tail Risk | 1.98% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.38 |
| Alpha | 90.68 |
| Character TTM | |
|---|---|
| Beta | 0.375 |
| Beta Downside | 0.340 |
| Drawdowns 3y | |
|---|---|
| Max DD | 35.86% |
| CAGR/Max DD | 1.09 |
Description: TIMB TIM Participacoes January 07, 2026
Tim Participações S.A. (NYSE: TIMB) is a Brazilian telecom operator that delivers a full suite of services-including mobile voice, fixed-line, long-distance, data transmission, and broadband-to retail and enterprise customers across Brazil.
Key operating metrics (as of Q4 2023) show a mobile subscriber base of roughly 71 million, a fixed-line base of 9 million, and an average revenue per user (ARPU) of R$ 45 for mobile, reflecting modest growth despite a competitive market. The firm’s EBITDA margin sits near 30 %, consistent with the capital-intensive nature of Brazil’s telecom sector.
Sector drivers that materially affect TIMB’s outlook include Brazil’s ongoing 5G rollout-projected to add ≈ 5 percentage points to mobile data revenue CAGR over the next three years-and macro-economic trends such as GDP growth (≈ 2 % YoY in 2023) and inflation-linked cost pressures on network rollout and labor.
Given the company’s exposure to both mobile and fixed-line segments, analysts should monitor the pace of 5G spectrum auctions and the regulatory environment for broadband expansion, as these variables could materially shift revenue forecasts.
For a deeper, data-driven dive into TIMB’s valuation dynamics, you may find the analytical tools on ValueRay worth exploring.
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income: 4.03b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.16 > 0.02 and ΔFCF/TA 1.01 > 1.0 |
| NWC/Revenue: -2.25% < 20% (prev -1.49%; Δ -0.76% < -1%) |
| CFO/TA 0.24 > 3% & CFO 13.69b > Net Income 4.03b |
| Net Debt (12.69b) to EBITDA (12.32b): 1.03 < 3 |
| Current Ratio: 0.96 > 1.5 & < 3 |
| Outstanding Shares: last quarter (483.1m) vs 12m ago -0.21% < -2% |
| Gross Margin: 53.44% > 18% (prev 0.52%; Δ 5292 % > 0.5%) |
| Asset Turnover: 47.07% > 50% (prev 46.01%; Δ 1.06% > 0%) |
| Interest Coverage Ratio: 2.68 > 6 (EBITDA TTM 12.32b / Interest Expense TTM 2.47b) |
Altman Z'' 1.66
| A: -0.01 (Total Current Assets 14.09b - Total Current Liabilities 14.68b) / Total Assets 57.37b |
| B: 0.03 (Retained Earnings 1.68b / Total Assets 57.37b) |
| C: 0.12 (EBIT TTM 6.62b / Avg Total Assets 55.95b) |
| D: 0.79 (Book Value of Equity 25.56b / Total Liabilities 32.16b) |
| Altman-Z'' Score: 1.66 = BB |
Beneish M -3.20
| DSRI: 1.06 (Receivables 6.10b/5.51b, Revenue 26.34b/25.09b) |
| GMI: 0.97 (GM 53.44% / 51.66%) |
| AQI: 0.92 (AQ_t 0.35 / AQ_t-1 0.38) |
| SGI: 1.05 (Revenue 26.34b / 25.09b) |
| TATA: -0.17 (NI 4.03b - CFO 13.69b) / TA 57.37b) |
| Beneish M-Score: -3.20 (Cap -4..+1) = AA |
What is the price of TIMB shares?
Over the past week, the price has changed by +6.62%, over one month by +24.79%, over three months by +6.15% and over the past year by +102.80%.
Is TIMB a buy, sell or hold?
- StrongBuy: 3
- Buy: 3
- Hold: 3
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the TIMB price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 23.2 | -3.8% |
| Analysts Target Price | 23.2 | -3.8% |
| ValueRay Target Price | 35.8 | 48.1% |
TIMB Fundamental Data Overview January 27, 2026
P/E Trailing = 14.8471
P/E Forward = 12.5786
P/S = 0.4229
P/B = 2.335
P/EG = 1.5013
Revenue TTM = 26.34b BRL
EBIT TTM = 6.62b BRL
EBITDA TTM = 12.32b BRL
Long Term Debt = 1.90b BRL (from longTermDebt, last quarter)
Short Term Debt = 2.56b BRL (from shortTermDebt, last quarter)
Debt = 16.36b BRL (from shortLongTermDebtTotal, last quarter)
Net Debt = 12.69b BRL (from netDebt column, last quarter)
Enterprise Value = 67.68b BRL (57.84b + Debt 16.36b - CCE 6.53b)
Interest Coverage Ratio = 2.68 (Ebit TTM 6.62b / Interest Expense TTM 2.47b)
EV/FCF = 7.42x (Enterprise Value 67.68b / FCF TTM 9.12b)
FCF Yield = 13.48% (FCF TTM 9.12b / Enterprise Value 67.68b)
FCF Margin = 34.64% (FCF TTM 9.12b / Revenue TTM 26.34b)
Net Margin = 15.30% (Net Income TTM 4.03b / Revenue TTM 26.34b)
Gross Margin = 53.44% ((Revenue TTM 26.34b - Cost of Revenue TTM 12.26b) / Revenue TTM)
Gross Margin QoQ = 54.91% (prev 53.22%)
Tobins Q-Ratio = 1.18 (Enterprise Value 67.68b / Total Assets 57.37b)
Interest Expense / Debt = 2.72% (Interest Expense 444.5m / Debt 16.36b)
Taxrate = 1.06% (13.0m / 1.22b)
NOPAT = 6.55b (EBIT 6.62b * (1 - 1.06%))
Current Ratio = 0.96 (Total Current Assets 14.09b / Total Current Liabilities 14.68b)
Debt / Equity = 0.65 (Debt 16.36b / totalStockholderEquity, last quarter 25.21b)
Debt / EBITDA = 1.03 (Net Debt 12.69b / EBITDA 12.32b)
Debt / FCF = 1.39 (Net Debt 12.69b / FCF TTM 9.12b)
Total Stockholder Equity = 25.30b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.20% (Net Income 4.03b / Total Assets 57.37b)
RoE = 15.92% (Net Income TTM 4.03b / Total Stockholder Equity 25.30b)
RoCE = 24.34% (EBIT 6.62b / Capital Employed (Equity 25.30b + L.T.Debt 1.90b))
RoIC = 23.19% (NOPAT 6.55b / Invested Capital 28.25b)
WACC = 6.28% (E(57.84b)/V(74.20b) * Re(7.30%) + D(16.36b)/V(74.20b) * Rd(2.72%) * (1-Tc(0.01)))
Discount Rate = 7.30% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 33.33 | Cagr: 0.36%
[DCF Debug] Terminal Value 87.03% ; FCFF base≈8.72b ; Y1≈10.71b ; Y5≈18.04b
Fair Price DCF = 946.6 (EV 464.90b - Net Debt 12.69b = Equity 452.21b / Shares 477.7m; r=6.28% [WACC]; 5y FCF grow 24.37% → 2.90% )
EPS Correlation: 33.70 | EPS CAGR: -41.91% | SUE: -4.0 | # QB: 0
Revenue Correlation: 92.71 | Revenue CAGR: 9.35% | SUE: 0.00 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.35 | Chg30d=-0.001 | Revisions Net=-1 | Analysts=3
EPS next Year (2026-12-31): EPS=1.72 | Chg30d=+0.006 | Revisions Net=+0 | Growth EPS=+13.1% | Growth Revenue=+5.1%