(VIV) Telefonica Brasil - Overview
Stock: Voice, Data, Internet, Tv, Cloud
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 5.92% |
| Yield on Cost 5y | 8.95% |
| Yield CAGR 5y | 0.00% |
| Payout Consistency | 82.7% |
| Payout Ratio | 9.5% |
| Risk 5d forecast | |
|---|---|
| Volatility | 27.9% |
| Relative Tail Risk | 1.36% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.03 |
| Alpha | 70.65 |
| Character TTM | |
|---|---|
| Beta | 0.290 |
| Beta Downside | 0.085 |
| Drawdowns 3y | |
|---|---|
| Max DD | 29.98% |
| CAGR/Max DD | 1.12 |
Description: VIV Telefonica Brasil December 19, 2025
Telefônica Brasil S.A. (NYSE: VIV) is Brazil’s largest integrated telecom operator, delivering both fixed-line voice (local, domestic long-distance, and international) and mobile services (3G-5G voice and broadband) through its subsidiaries. Its mobile portfolio spans prepaid and postpaid plans with data-sharing, family bundles, and a suite of value-added features such as voicemail, caller ID, and roaming.
Beyond connectivity, the company monetizes pay-TV via IPTV, wholesale interconnection, and a growing digital ecosystem that includes cloud, security, entertainment, and financial-services platforms. It also sells devices (smartphones, USB modems) and provides sector-specific ICT solutions to retail, manufacturing, finance, and government clients through a mix of owned stores, dealer networks, door-to-door, and outbound telesales.
Key recent indicators (as of FY 2023) show ≈ 71 million mobile subscribers, an ARPU of roughly R$ 45, and a 5-year CAGR of ≈ 5 % in data-traffic volumes, driven by Brazil’s 2.3 % GDP growth and accelerating broadband penetration. The rollout of 5G, now covering ≈ 30 % of the population, is expected to boost average revenue per user (ARPU) by 4-6 % annually, while capex remains high (~R$ 12 bn in 2023) as the firm expands fiber-to-the-home (FTTH) and edge-computing infrastructure.
For a deeper quantitative view, you may want to explore the VIV profile on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income: 6.05b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 0.44 > 1.0 |
| NWC/Revenue: 0.63% < 20% (prev -1.69%; Δ 2.32% < -1%) |
| CFO/TA 0.16 > 3% & CFO 20.14b > Net Income 6.05b |
| Net Debt (11.32b) to EBITDA (21.95b): 0.52 < 3 |
| Current Ratio: 1.02 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.60b) vs 12m ago -2.10% < -2% |
| Gross Margin: 44.27% > 18% (prev 0.53%; Δ 4374 % > 0.5%) |
| Asset Turnover: 47.31% > 50% (prev 44.31%; Δ 3.00% > 0%) |
| Interest Coverage Ratio: 5.86 > 6 (EBITDA TTM 21.95b / Interest Expense TTM 1.21b) |
Altman Z'' 1.95
| A: 0.00 (Total Current Assets 24.25b - Total Current Liabilities 23.88b) / Total Assets 123.90b |
| B: 0.07 (Retained Earnings 8.94b / Total Assets 123.90b) |
| C: 0.06 (EBIT TTM 7.07b / Avg Total Assets 123.78b) |
| D: 1.25 (Book Value of Equity 69.14b / Total Liabilities 55.40b) |
| Altman-Z'' Score: 1.95 = BBB |
Beneish M -3.10
| DSRI: 0.76 (Receivables 10.05b/12.29b, Revenue 58.57b/54.80b) |
| GMI: 1.20 (GM 44.27% / 53.20%) |
| AQI: 1.00 (AQ_t 0.44 / AQ_t-1 0.44) |
| SGI: 1.07 (Revenue 58.57b / 54.80b) |
| TATA: -0.11 (NI 6.05b - CFO 20.14b) / TA 123.90b) |
| Beneish M-Score: -3.10 (Cap -4..+1) = AA |
What is the price of VIV shares?
Over the past week, the price has changed by +5.22%, over one month by +21.70%, over three months by +19.70% and over the past year by +78.50%.
Is VIV a buy, sell or hold?
- StrongBuy: 2
- Buy: 5
- Hold: 2
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the VIV price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 14.5 | -2.9% |
| Analysts Target Price | 14.5 | -2.9% |
| ValueRay Target Price | 20.9 | 39.8% |
VIV Fundamental Data Overview February 05, 2026
P/E Trailing = 20.6479
P/E Forward = 15.1057
P/S = 0.4
P/B = 1.8011
P/EG = 1.2523
Revenue TTM = 58.57b BRL
EBIT TTM = 7.07b BRL
EBITDA TTM = 21.95b BRL
Long Term Debt = 3.59b BRL (from longTermDebt, last quarter)
Short Term Debt = 4.93b BRL (from shortTermDebt, last quarter)
Debt = 18.11b BRL (from shortLongTermDebtTotal, last quarter)
Net Debt = 11.32b BRL (from netDebt column, last quarter)
Enterprise Value = 134.11b BRL (122.73b + Debt 18.11b - CCE 6.73b)
Interest Coverage Ratio = 5.86 (Ebit TTM 7.07b / Interest Expense TTM 1.21b)
EV/FCF = 12.87x (Enterprise Value 134.11b / FCF TTM 10.42b)
FCF Yield = 7.77% (FCF TTM 10.42b / Enterprise Value 134.11b)
FCF Margin = 17.79% (FCF TTM 10.42b / Revenue TTM 58.57b)
Net Margin = 10.34% (Net Income TTM 6.05b / Revenue TTM 58.57b)
Gross Margin = 44.27% ((Revenue TTM 58.57b - Cost of Revenue TTM 32.64b) / Revenue TTM)
Gross Margin QoQ = 45.52% (prev 45.19%)
Tobins Q-Ratio = 1.08 (Enterprise Value 134.11b / Total Assets 123.90b)
Interest Expense / Debt = 0.64% (Interest Expense 115.4m / Debt 18.11b)
Taxrate = 10.23% (215.0m / 2.10b)
NOPAT = 6.34b (EBIT 7.07b * (1 - 10.23%))
Current Ratio = 1.02 (Total Current Assets 24.25b / Total Current Liabilities 23.88b)
Debt / Equity = 0.26 (Debt 18.11b / totalStockholderEquity, last quarter 68.44b)
Debt / EBITDA = 0.52 (Net Debt 11.32b / EBITDA 21.95b)
Debt / FCF = 1.09 (Net Debt 11.32b / FCF TTM 10.42b)
Total Stockholder Equity = 68.58b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.89% (Net Income 6.05b / Total Assets 123.90b)
RoE = 8.83% (Net Income TTM 6.05b / Total Stockholder Equity 68.58b)
RoCE = 9.79% (EBIT 7.07b / Capital Employed (Equity 68.58b + L.T.Debt 3.59b))
RoIC = 13.46% (NOPAT 6.34b / Invested Capital 47.13b)
WACC = 6.16% (E(122.73b)/V(140.84b) * Re(6.98%) + D(18.11b)/V(140.84b) * Rd(0.64%) * (1-Tc(0.10)))
Discount Rate = 6.98% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -100.0 | Cagr: -1.70%
[DCF Debug] Terminal Value 85.81% ; FCFF base≈10.19b ; Y1≈10.73b ; Y5≈12.59b
Fair Price DCF = 208.2 (EV 343.93b - Net Debt 11.32b = Equity 332.61b / Shares 1.60b; r=6.16% [WACC]; 5y FCF grow 5.74% → 2.90% )
EPS Correlation: 67.66 | EPS CAGR: 21.99% | SUE: 4.0 | # QB: 5
Revenue Correlation: 98.68 | Revenue CAGR: 7.24% | SUE: 0.00 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.06 | Chg30d=N/A | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=5.12 | Chg30d=+0.039 | Revisions Net=+1 | Growth EPS=+32.8% | Growth Revenue=+6.1%