Tim SA
BOVESPA:TIMS3

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Tim SA
BOVESPA:TIMS3
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Price: 14.4 BRL 0.28% Market Closed
Market Cap: 34.9B BRL
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Relative Value

The Relative Value of one TIMS3 stock under the Base Case scenario is 24.47 BRL. Compared to the current market price of 14.4 BRL, Tim SA is Undervalued by 41%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

TIMS3 Relative Value
Base Case
24.47 BRL
Undervaluation 41%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
34
vs Industry
38
Median 3Y
1.6
Median 5Y
1.5
Industry
1.4
Forward
1.3
vs History
60
vs Industry
36
Median 3Y
14.1
Median 5Y
13.1
Industry
16.9
Forward
10.6
vs History
52
vs Industry
57
Median 3Y
3.2
Median 5Y
3.2
Industry
6.5
vs History
28
vs Industry
27
Median 3Y
12
Median 5Y
10.6
Industry
16.6
vs History
19
vs Industry
46
Median 3Y
1.3
Median 5Y
1.3
Industry
2
vs History
41
vs Industry
43
Median 3Y
2
Median 5Y
1.9
Industry
1.9
Forward
1.7
vs History
50
vs Industry
30
Median 3Y
5.2
Median 5Y
4.7
Industry
4.1
vs History
44
vs Industry
58
Median 3Y
4.1
Median 5Y
3.8
Industry
8.1
Forward
3.4
vs History
74
vs Industry
43
Median 3Y
10.9
Median 5Y
10
Industry
13.6
Forward
7.8
vs History
53
vs Industry
61
Median 3Y
4.1
Median 5Y
3.9
Industry
8.8
vs History
69
vs Industry
48
Median 3Y
7
Median 5Y
6.6
Industry
16.4
vs History
23
vs Industry
43
Median 3Y
0.9
Median 5Y
0.9
Industry
1.2

Multiples Across Competitors

TIMS3 Competitors Multiples
Tim SA Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
BR
Tim SA
BOVESPA:TIMS3
34.9B BRL 1.4 10.9 3.5 8
US
T-Mobile US Inc
NASDAQ:TMUS
259.7B USD 3.2 25 11 19.4
CN
China Mobile Ltd
SSE:600941
1.6T CNY 1.5 11.4 9 9
ZA
Vodacom Group Ltd
JSE:VOD
197B Zac 0 0 0 0
ZA
MTN Group Ltd
JSE:MTN
169.7B Zac 0 0 0 0
IN
Bharti Airtel Ltd
NSE:BHARTIARTL
9.1T INR 5.9 74.2 13.1 27.1
JP
SoftBank Group Corp
TSE:9984
13.4T JPY 1.9 6.2 14.2 34.4
JP
KDDI Corp
TSE:9433
10.5T JPY 1.8 16.5 6.9 11.8
JP
SoftBank Corp
TSE:9434
9.5T JPY 1.5 18.6 7.5 13.4
MX
America Movil SAB de CV
BMV:AMXB
907.6B MXN 1.1 24.6 4.3 8.1
TH
Advanced Info Service PCL
SET:ADVANC
859.5B THB 4.1 26.2 9.7 22
P/E Multiple
Earnings Growth PEG
BR
Tim SA
BOVESPA:TIMS3
Average P/E: 23.7
10.9
19%
0.6
US
T-Mobile US Inc
NASDAQ:TMUS
25
22%
1.1
CN
China Mobile Ltd
SSE:600941
11.4
5%
2.3
ZA
V
Vodacom Group Ltd
JSE:VOD
Not Available
14%
N/A
ZA
M
MTN Group Ltd
JSE:MTN
Not Available
-63%
N/A
IN
Bharti Airtel Ltd
NSE:BHARTIARTL
74.2
71%
1
JP
SoftBank Group Corp
TSE:9984
6.2
N/A N/A
JP
KDDI Corp
TSE:9433
16.5
10%
1.7
JP
SoftBank Corp
TSE:9434
18.6
7%
2.7
MX
America Movil SAB de CV
BMV:AMXB
24.6
15%
1.6
TH
Advanced Info Service PCL
SET:ADVANC
26.2
11%
2.4
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
BR
Tim SA
BOVESPA:TIMS3
Average EV/EBITDA: 8.8
3.5
7%
0.5
US
T-Mobile US Inc
NASDAQ:TMUS
11
9%
1.2
CN
China Mobile Ltd
SSE:600941
9
37%
0.2
ZA
V
Vodacom Group Ltd
JSE:VOD
Not Available
6%
N/A
ZA
M
MTN Group Ltd
JSE:MTN
Not Available
0%
N/A
IN
Bharti Airtel Ltd
NSE:BHARTIARTL
13.1
16%
0.8
JP
SoftBank Group Corp
TSE:9984
14.2
17%
0.8
JP
KDDI Corp
TSE:9433
6.9
6%
1.1
JP
SoftBank Corp
TSE:9434
7.5
5%
1.5
MX
America Movil SAB de CV
BMV:AMXB
4.3
6%
0.7
TH
Advanced Info Service PCL
SET:ADVANC
9.7
9%
1.1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
BR
Tim SA
BOVESPA:TIMS3
Average EV/EBIT: 17
8
17%
0.5
US
T-Mobile US Inc
NASDAQ:TMUS
19.4
14%
1.4
CN
China Mobile Ltd
SSE:600941
9
6%
1.5
ZA
V
Vodacom Group Ltd
JSE:VOD
Not Available
10%
N/A
ZA
M
MTN Group Ltd
JSE:MTN
Not Available
3%
N/A
IN
Bharti Airtel Ltd
NSE:BHARTIARTL
27.1
23%
1.2
JP
SoftBank Group Corp
TSE:9984
34.4
20%
1.7
JP
KDDI Corp
TSE:9433
11.8
N/A N/A
JP
SoftBank Corp
TSE:9434
13.4
N/A N/A
MX
America Movil SAB de CV
BMV:AMXB
8.1
8%
1
TH
Advanced Info Service PCL
SET:ADVANC
22
13%
1.7

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