VEON

VEON Net Debt/FCF

The Net Debt to Free Cash Flow Ratio of VEON (VEON) as of Nov 3, 2026 is 5.41. In the previous year, Net Debt to Free Cash Flow Ratio was 5.06 — a change of 6.90% (higher).

Net Debt/FCF

5.41

YoY

6.90%

Last updated:

Net Debt to Free Cash Flow Ratio of VEON is 2025 5.41 . Net Debt to Free Cash Flow Ratio of VEON was 2024 5.06 . It decreases by 6.90% higher compared to the previous year.

The VEON Net Debt/FCF history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Net Debt/FCF
Date
Net Debt/FCF
Jan 1, 2018
8.64 USD
Jan 1, 2019
6.03 USD
Jan 1, 2020
10.46 USD
Jan 1, 2021
3.55 USD
Jan 1, 2022
1.60 USD
Jan 1, 2023
0.65 USD
Jan 1, 2024
5.06 USD
Jan 1, 2025
5.41 USD
The VEON Net Debt/FCF history
YEARNet Debt/FCFYoY
5.41+6.90%
5.06+684.84%
0.65-59.69%
1.60-54.94%
3.55-66.04%
10.46+73.50%
6.03-30.23%
8.64-50.33%
17.39-39.17%
28.59-210.82%
-25.80-220.65%
21.39—

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VEON Stock analysis

What does VEON do? VEON Ltd. generates revenue through mobile and fixed-line telecommunications services provided under the Beeline, Kyivstar, banglalink, Jazz, and Djezzy brands. The company serves corporate and consumer segments with contract and prepaid mobile plans, value-added services, and fixed-line offerings including voice, data, Internet, PSTN-fixed, IP telephony, and data transmission. Equipment and accessories sales also contribute to revenue. VEON operates in Russia, Italy, Algeria, Pakistan, Uzbekistan, Kazakhstan, Ukraine, Bangladesh, Tajikistan, Kyrgyzstan, Armenia, and Georgia, targeting both individual and business customers across these markets. The company's primary revenue streams come from mobile services for consumers and businesses, including prepaid and contract plans, alongside fixed-line services such as broadband internet and corporate network solutions. Value-added services and equipment sales further enhance revenue, with the Beeline, Kyivstar, banglalink, Jazz, and Djezzy brands serving as key identifiers for these offerings. VEON's service portfolio is tailored to meet the needs of diverse customer segments in its operational regions. Corporate clients purchase network access, international voice termination, IPLC, and TCP/IP transit services, while consumers opt for mobile and fixed-line plans under the company's brands. The combination of mobile, fixed-line, and value-added services across multiple markets ensures steady revenue from both B2B and B2C segments. VEON's portfolio of brands and services is designed to cover a wide range of telecommunications needs in its 12 countries of operation. VEON is one of the most popular companies on Eulerpool.

Frequently Asked Questions about VEON stock

Net Debt to Free Cash Flow Ratio of VEON is 5.41 in 2025.

Net Debt to Free Cash Flow Ratio of VEON changed from 5.06 to 5.41, representing a 6.90% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Net Debt to Free Cash Flow Ratio VEON since 2006 – with annual values, charts, and detailed analysis.

Net Debt/FCF indicates how many years it would take to repay net debt using free cash flow. Lower ratios suggest faster deleveraging potential.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Net Debt to Free Cash Flow Ratio's VEON with sector peers and the industry average to assess whether it is attractive.

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