` Comparison: VEON, MTN - Alpha Spread

V
VEON
vs
M
MTN

Over the past 12 months, VEON has underperformed MTN, delivering a return of 0% compared to the MTN's +80% growth.

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VEON
MTN
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Stocks Compared:
VEON MTN
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Valuation Comparison

VEON Intrinsic Value
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MTN Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
V
VEON Ltd
AEX:VEON
1.185 EUR
M
MTN Group Ltd
JSE:MTN
15 780 Zac
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Valuation Scenario:
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Growth Comparison

Growth Over Time
VEON, MTN

VEON
MTN
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
V
VEON Ltd
Revenue
M
MTN Group Ltd
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
VEON, MTN

VEON
MTN
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
V
VEON Ltd
AEX:VEON
M
MTN Group Ltd
JSE:MTN
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What is Free Cash Flow?

Gross Margin

VEON
88.1%
MTN
73.3%
LTM 3Y Avg 5Y Avg 10Y Avg
V
VEON Ltd
M
MTN Group Ltd

Operating Margin

VEON
25.3%
MTN
23.8%
LTM 3Y Avg 5Y Avg 10Y Avg
V
VEON Ltd
M
MTN Group Ltd

Net Margin

VEON
19.7%
MTN
3.7%
LTM 3Y Avg 5Y Avg 10Y Avg
V
VEON Ltd
M
MTN Group Ltd

FCF Margin

VEON
-21.6%
MTN
10.9%
LTM 3Y Avg 5Y Avg 10Y Avg
V
VEON Ltd
M
MTN Group Ltd

ROE

VEON
67.7%
MTN
5.8%
LTM 3Y Avg 5Y Avg 10Y Avg
V
VEON Ltd
M
MTN Group Ltd

ROA

VEON
5.6%
MTN
1.8%
LTM 3Y Avg 5Y Avg 10Y Avg
V
VEON Ltd
M
MTN Group Ltd

ROIC

VEON
6.9%
MTN
7.2%
LTM 3Y Avg 5Y Avg 10Y Avg
V
VEON Ltd
M
MTN Group Ltd

ROCE

VEON
10.7%
MTN
17.9%
LTM 3Y Avg 5Y Avg 10Y Avg
V
VEON Ltd
M
MTN Group Ltd

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
VEON, MTN

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VEON
MTN
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Performance Gap
VEON, MTN

Performance Gap Between VEON and MTN
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Performance By Year
VEON, MTN

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VEON
MTN
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