COMPARE · Reviewed July 29, 2026
KYIV vs VEON
Verdict: Side-by-side breakdown using the Bull Rankings model. KYIV scored 68.5, VEON scored 61.8 — KYIV leads.
Compare another set
KYIV
Kyivstar Group Ltd.
68.5
$14.05 · $3.2B
fundamentals as of
Score gap
6.7
KYIV leads
VEON
VEON Ltd.
61.8
$53.09 · $3.7B
fundamentals as of
The model, pillar by pillar (0–100 each)
KYIV
stronger →← stronger
VEON
67
Qualityreturns · margins · balance sheet
78
94
Growthrevenue & earnings expansion
76
51
Valuevaluation vs sector peers
39
KYIV is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
KYIV
VEON
$311mC
FCF
$620mC+
+25.9%A-
Rev
+9.9%B
0.39B+
D/E
2.91C
19.8xB
P/E
7.1xA
1.36B
PEG
2.23C
Winner per row is the stronger grade in our model; a tie or a missing value shows no highlight.
Valuation · DCF cross-check
KYIV
VEON
49% below
Price vs fair valuelower is cheaper
57% below
~-5%/yr
Growth the price implies10-yr FCF · lower = less priced in
~-10%/yr
+62%
1-yr DCF upside
+92%
+97%
5-yr DCF upside
+133%
+161%
10-yr DCF upside
+205%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
KYIV
Why this score
- Diluting shareholders
- Short track record
VEON
No notable signals flagged.
The companies
KYIVKyivstar Group Ltd.
Why now
Telecom Services · market cap $3.2b. 15% off the 52-week high of $16.55. Revenue growing +26% — in hypergrowth territory. 9 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $17.74 (implying +26% upside).
Moat
Free cash flow runs well ahead of reported net income — non-cash charges (depreciation, intangible amortization) are holding down GAAP earnings while cash generation stays strong.
Risk
Mature compounder — the risk is paying up for quality at a moment when growth is decelerating. Watch for sequential revenue + margin trends; the inflection from "compounder" to "ex-compounder" is hard to spot until the multiple already started compressing.
VEONVEON Ltd.
Why now
Telecom Services · market cap $3.7b. 17% off the 52-week high of $64.00. 7 sell-side analysts publish a mean 1-yr target of $82.87 (implying +56% upside).
Moat
Net margin 13% beats the market median by a meaningful margin — the company is keeping more of every revenue dollar than the average S&P constituent. ROE 36% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which. FCF converts 105% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined.
Risk
D/E 2.91 is elevated — limits strategic flexibility and raises refinancing exposure if rates stay higher for longer. Beta 1.63 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.