VEON (NasdaqGS:VEON): Valuation Check After Kazakhstan MoU With Rakuten Symphony on Next-Gen Networks and AI

VEON (NasdaqGS:VEON) just gave investors a fresh reason to revisit the stock, with its Kazakhstan arm Beeline signing an MoU with Rakuten Symphony to explore next generation networks and AI driven digital services.

See our latest analysis for VEON.

The MoU news lands on top of a steady but unspectacular recent run, with the share price at $52.7 and a one year total shareholder return of 18.51%, while the three year total shareholder return of 335.99% shows that longer term momentum is still very much intact.

If VEON’s move into smarter networks has your attention, it might be a good moment to see what else is evolving in the space through high growth tech and AI stocks.

But with VEON trading at $52.7, growing earnings, and a sizeable gap to analyst targets, is the market still underestimating its digital pivot, or is future growth already fully priced into the shares?

Most Popular Narrative Narrative: 31.3% Undervalued

With VEON last closing at $52.7 against a narrative fair value of $76.68, the gap points to meaningful upside if the projections hold.

VEON is aggressively expanding digital service offerings (including fintech, super apps, ride-hailing, entertainment, and AI-driven products) in emerging markets that are rapidly digitalizing and seeing surging demand for mobile internet and data, which positions the company to pursue ongoing subscriber growth and higher ARPU, directly supporting future revenue and EBITDA growth.

Read the complete narrative.

Curious how steady top line expansion, thinner margins, and a higher future earnings multiple can still add up to double digit upside potential? The narrative reveals the full playbook.

Result: Fair Value of $76.68 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, stubborn currency volatility or intensifying competition from digital and satellite rivals could quickly erode VEON’s margin gains and limit its ARPU-driven growth story.

Find out about the key risks to this VEON narrative.

Build Your Own VEON Narrative

If you see the story differently or want to dig into the numbers yourself, you can build a custom narrative in just minutes, Do it your way.

A great starting point for your VEON research is our analysis highlighting 4 key rewards and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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