TIM SA ADR TIMB

Morningstar Rating
$21.57 −0.37 (1.69%)
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Company Report

Price vs Fair Value

TIMB is trading at a 813% premium.
Price
$21.57
Fair Value
$45.00
Uncertainty
High
1-Star Price
$65.60
5-Star Price
$92.40
Economic Moat
Gfr
Capital Allocation
Bnbzfrb

Bulls Say, Bears Say

Bulls

TIM claims roughly 23% of the Brazilian wireless market, which should give it plenty of scale to generate strong cash flows.

Bears

TIM’s minimal fixed-line presence prevents it from offering bundled wireless and fixed-line services on a meaningful scale. Limited fixed-line infrastructure will also hurt the firm as it rolls out 5G wireless technology.

Trading Information

Previous Close Price
$21.94
Day Range
$21.4121.92
52-Week Range
$17.6328.22
Bid/Ask
$17.61 / $26.00
Shares Outstanding
477.73M
Market Cap
$10.30B
Volume/Avg
340,290 / 383,884

Key Statistics

Price/Earnings (Normalized)
14.93
Price/Sales
2.09
Dividend Yield (Trailing)
6.60%
Dividend Yield (Forward)
6.60%
Total Yield
7.86%

Company Profile

TIM, which is 67%-owned by Telecom Italia, is the third-largest wireless carrier in Brazil, with 62 million subscribers, equal to about 23% of the market. The firm owns 49% of I-Systems, an infrastructure partnership that is expanding its network footprint across Brazil. I-Systems can provide broadband service to about 8 million locations, including 6.5 million with fiber, equal to 10%-15% of the country. TIM leases capacity on the venture's network to serve retail broadband customers under the UltraFibra brand, but it has agreed to buy out its joint venture partner in 2026 and will take full ownership of these assets. TIM also resells fiber network access from other providers.
Sector
Communication Services
Industry
Telecom Services
Stock Style Box
Large Value
Total Number of Employees
8,706

Competitors

Valuation

Metric
TIMB
TIGO
VIV
Price/Earnings (Normalized)
14.9322.7418.56
Price/Book Value
2.224.421.55
Price/Sales
2.092.151.85
Price/Cash Flow
4.446.744.65
Price/Earnings
TIMB
TIGO
VIV

Financial Strength

Metric
TIMB
TIGO
VIV
Quick Ratio
0.800.480.86
Current Ratio
0.920.621.10
Interest Coverage
2.243.275.33
Quick Ratio
TIMB
TIGO
VIV

Profitability

Metric
TIMB
TIGO
VIV
Return on Assets (Normalized)
7.87%3.84%4.92%
Return on Equity (Normalized)
18.25%18.52%9.12%
Return on Invested Capital (Normalized)
14.30%9.14%7.35%
Return on Assets
TIMB
TIGO
VIV

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