Overview Dividends

(VIV) Telefonica Brasil - Ratings and Ratios

Exchange: NYSE • Country: Brazil • Currency: USD • Type: Common Stock • ISIN: US87936R2058

Mobile, Broadband, TV, Fixed-Line, Digital

VIV EPS (Earnings per Share)

EPS Growth (3Y CAGR): 73.33%
EPS Trend (3Y Correlation): 78.3%

VIV Revenue

Revenue Growth (3Y CAGR): 6.87%
Revenue Trend (3Y Correlation): 98.4%

Risk via 10d forecast
Volatility	26.6%
Value at Risk 5%th	43.3%
Relative Tail Risk	-1.23%

Reward TTM
Sharpe Ratio	1.56
Alpha	47.90

Character TTM
Hurst Exponent	0.531
Beta	0.327
Beta Downside	0.229

Drawdowns 3y
Max DD	29.98%
Mean DD	8.62%
Median DD	6.57%

Description: VIV Telefonica Brasil October 16, 2025

Telefônica Brasil S.A. (NYSE: VIV) is Brazil’s largest integrated telecommunications provider, delivering mobile voice and broadband services across 3G, 4G, 4.5G and an expanding 5G network, as well as fixed-line voice, IPTV pay-TV, wholesale interconnection, and a suite of digital offerings such as cloud, security, and fintech solutions. The company monetizes these services through a mix of prepaid and postpaid plans, device sales, and enterprise-focused IT and connectivity solutions sold via retail stores, dealers, and direct channels.

As of FY 2023, VIV reported approximately 98 million mobile subscribers and 23 million fixed-line broadband customers, generating $24 billion in revenue with an EBITDA margin near 38 %. Capital expenditures remain high, with roughly $5 billion invested in 5G rollout and fiber expansion-key to capturing Brazil’s rising data consumption, which has been growing at a 12 % annual rate. The firm’s performance is sensitive to macro-economic variables such as Brazil’s GDP growth (projected ~2 % YoY) and currency volatility, which affect both consumer spending on discretionary services and the cost of imported network equipment.

For a deeper quantitative assessment, you may want to explore VIV’s metrics on ValueRay.

VIV Stock Overview

Market Cap in USD	20,111m
Sub-Industry	Integrated Telecommunication Services
IPO / Inception	1998-11-16
Return 12m vs S&P 500	37.3%
Analyst Rating	4.0 of 5

VIV Dividends

Dividend Yield	4.84%
Yield on Cost 5y	10.54%
Yield CAGR 5y	-18.33%
Payout Consistency	82.3%
Payout Ratio	5.3%

VIV Growth Ratios

CAGR 3y	30.08%
CAGR/Max DD Calmar Ratio	1.00
CAGR/Mean DD Pain Ratio	3.49
Current Volume	661.3k
Average Volume	752.3k

Piotroski VR‑10 (Strict, 0-10) 7.0

Net Income (5.83b TTM) > 0 and > 6% of Revenue (6% = 3.46b TTM)

FCFTA 0.08 (>2.0%) and ΔFCFTA 0.19pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -0.81% (prev 1.24%; Δ -2.05pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.16 (>3.0%) and CFO 20.19b > Net Income 5.83b (YES >=105%, WARN >=100%)

Net Debt (10.86b) to EBITDA (22.26b) ratio: 0.49 <= 3.0 (WARN <= 3.5)

Current Ratio 0.98 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (1.60b) change vs 12m ago -3.07% (target <= -2.0% for YES)

Gross Margin 62.61% (prev 55.84%; Δ 6.77pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 46.02% (prev 43.41%; Δ 2.61pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 3.36 (EBITDA TTM 22.26b / Interest Expense TTM 2.67b) >= 6 (WARN >= 3)

Altman Z'' 1.93

(A) -0.00 = (Total Current Assets 26.34b - Total Current Liabilities 26.80b) / Total Assets 126.47b

(B) 0.07 = Retained Earnings (Balance) 8.81b / Total Assets 126.47b

(D) 1.18 = Book Value of Equity 69.01b / Total Liabilities 58.34b

Total Rating: 1.93 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 90.23

1. Piotroski 7.0pt = 2.0

2. FCF Yield 8.88% = 4.44

3. FCF Margin 18.08% = 4.52

4. Debt/Equity 0.30 = 2.46

5. Debt/Ebitda 0.49 = 2.32

6. ROIC - WACC (= 16.61)% = 12.50

7. RoE 8.49% = 0.71

8. Rev. Trend 98.39% = 7.38

9. EPS Trend 78.26% = 3.91

What is the price of VIV shares?

As of November 15, 2025, the stock is trading at USD 13.11 with a total of 661,300 shares traded.
Over the past week, the price has changed by +4.46%, over one month by +12.05%, over three months by +7.49% and over the past year by +57.36%.

Is Telefonica Brasil a good stock to buy?

Yes, based on ValueRay´s Fundamental Analyses, Telefonica Brasil (NYSE:VIV) is currently (November 2025) a good stock to buy. It has a ValueRay Fundamental Rating of 90.23 and therefor a positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of VIV is around 16.09 USD . This means that VIV is currently undervalued and has a potential upside of +22.73% (Margin of Safety).

Is VIV a buy, sell or hold?

Telefonica Brasil has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy VIV.

Strong Buy: 2
Buy: 5
Hold: 2
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the VIV price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	13.9	6.3%
Analysts Target Price	13.9	6.3%
ValueRay Target Price	17.6	34%

VIV Fundamental Data Overview November 11, 2025

Market Cap BRL = 106.52b (20.11b USD * 5.2964 USD.BRL)
P/E Trailing = 18.7313
P/E Forward = 12.6582
P/S = 0.3434
P/B = 1.564
P/EG = 1.046
Beta = 0.327
Revenue TTM = 57.66b BRL
EBIT TTM = 8.98b BRL
EBITDA TTM = 22.26b BRL
Long Term Debt = 13.52b BRL (from longTermDebt, last quarter)
Short Term Debt = 6.79b BRL (from shortTermDebt, last quarter)
Debt = 20.32b BRL (from shortLongTermDebtTotal, last quarter)
Net Debt = 10.86b BRL (from netDebt column, last quarter)
Enterprise Value = 117.43b BRL (106.52b + Debt 20.32b - CCE 9.40b)
Interest Coverage Ratio = 3.36 (Ebit TTM 8.98b / Interest Expense TTM 2.67b)
FCF Yield = 8.88% (FCF TTM 10.43b / Enterprise Value 117.43b)
FCF Margin = 18.08% (FCF TTM 10.43b / Revenue TTM 57.66b)
Net Margin = 10.12% (Net Income TTM 5.83b / Revenue TTM 57.66b)
Gross Margin = 62.61% ((Revenue TTM 57.66b - Cost of Revenue TTM 21.56b) / Revenue TTM)
Gross Margin QoQ = 81.77% (prev 81.51%)
Tobins Q-Ratio = 0.93 (Enterprise Value 117.43b / Total Assets 126.47b)
Interest Expense / Debt = 1.16% (Interest Expense 236.6m / Debt 20.32b)
Taxrate = 13.95% (217.0m / 1.55b)
NOPAT = 7.73b (EBIT 8.98b * (1 - 13.95%))
Current Ratio = 0.98 (Total Current Assets 26.34b / Total Current Liabilities 26.80b)
Debt / Equity = 0.30 (Debt 20.32b / totalStockholderEquity, last quarter 68.07b)
Debt / EBITDA = 0.49 (Net Debt 10.86b / EBITDA 22.26b)
Debt / FCF = 1.04 (Net Debt 10.86b / FCF TTM 10.43b)
Total Stockholder Equity = 68.73b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.61% (Net Income 5.83b / Total Assets 126.47b)
RoE = 8.49% (Net Income TTM 5.83b / Total Stockholder Equity 68.73b)
RoCE = 10.92% (EBIT 8.98b / Capital Employed (Equity 68.73b + L.T.Debt 13.52b))
RoIC = 22.84% (NOPAT 7.73b / Invested Capital 33.84b)
WACC = 6.22% (E(106.52b)/V(126.83b) * Re(7.22%) + D(20.32b)/V(126.83b) * Rd(1.16%) * (1-Tc(0.14)))
Discount Rate = 7.22% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -100.0 | Cagr: -1.70%
[DCF Debug] Terminal Value 78.95% ; FCFE base≈10.25b ; Y1≈10.74b ; Y5≈12.49b
Fair Price DCF = 136.7 (DCF Value 219.08b / Shares Outstanding 1.60b; 5y FCF grow 5.05% → 3.0% )
EPS Correlation: 78.26 | EPS CAGR: 73.33% | SUE: 4.0 | # QB: 5
Revenue Correlation: 98.39 | Revenue CAGR: 6.87% | SUE: 0.00 | # QB: 0

Additional Sources for VIV Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle