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Brazil's second/third-largest wireless carrier, controlled by Italy's TIM Group (Telecom Italia).
Brazil's second/third-largest wireless carrier, controlled by Italy's TIM Group (Telecom Italia).
Charges monthly or prepaid fees for mobile service, with growth coming from moving prepaid users to monthly plans and selling more data. In 2022 it, together with Vivo and Claro, bought and divided Oi's mobile business, adding subscribers and spectrum. Telecom Italia holds the controlling stake.
In one line: Brazil's T-Mobile.
Moat: narrow (scale, regulatory licence). Established national network scale in Brazil's concentrated three-carrier wireless market.
Headquarters: Rio de Janeiro, Brazil · Founded: 1998
Size TIM S.A. Sponsored ADR (TIMB) is a United States Communication Services company (Wireless Telecommunications) with a market value of $8.61B, the 853rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $18.13 on 6 Nov 2026.
Performance Over six months the shares fell 23.8%, against -11.3% for the median peer and -1.1% for the United States market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 14.0% over the last twelve months (peer median +4.3%); the operating margin is 25.0% (peer median 15.3%).
Valuation It trades at 9.4× forward earnings against a peer median of 16.0× (2nd cheapest of 17).
Price implies For today's price to make sense, revenue must grow about -12% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -20 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.8 points above its cost of capital (6.5% WACC).
Short interest Short interest is 0.6% of the free float (15 Oct 2026).
Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $5.19B | $4.77B | $4.72B | $4.77B | $4.17B |
| Revenue growth | — | +1% | -1% | +14% | — |
| Gross profit | $2.66B | $2.42B | $2.37B | $2.32B | $1.96B |
| EBITDA | $2.63B | $2.43B | $2.35B | $2.36B | $1.96B |
| Net income | $816M | $772M | $585M | $568M | $324M |
| Free cash flow | $1.70B | $1.57B | $1.42B | $1.54B | $879M |
| Capital expenditure | $879M | $813M | $844M | $902M | $916M |
| Total debt | $3.19B | $3.02B | $2.53B | $3.30B | $3.37B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| TIM S.A. Sponsored ADR TIMB | $8.61B | -24% | +14% | 25% | 9.4× | -12.4% |
| Telefonica Brasil SA Sponsored ADR VIV | $18.2B | -27% | +16% | 16% | 10.7× | -3.6% |
| America Movil SAB de CV Sponsored ADR AMX | $78.5B | -5% | +16% | 22% | 13.5× | -7.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TIMB | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.0% | -0.2% | 10th lowest of 21 |
| 6-month return | -23.8% | -11.3% | 8th lowest of 21 |
| Distance from 52-week high | -35.8% | -27.4% | 7th lowest of 21 |
| Revenue growth (TTM) | +14.0% | +4.3% | 6th highest of 21 |
| Operating margin | 25.0% | 15.3% | 3rd highest of 21 |
| Forward P/E | 9.4× | 16.0× | 2nd cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -12.4% | 2.6% | 2nd least demanding of 18 |
| Growth delivered (Del g) | +7.3% | +4.3% | 5th highest of 17 |
| Hurdle (Req g minus delivered) | -19.7 pp | -3.2 pp | 2nd least demanding of 17 |
| ROIC minus cost of capital | +7.8 pp | +0.6 pp | 3rd highest of 21 |
| EV / EBITDA | 4.2× | 7.4× | 3rd cheapest of 18 |
| Net debt / EBITDA | 0.9× | 1.7× | 8th least indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| TIM S.A. Sponsored ADR TIMB | United States | $8.61B | -24% | +14% | 25% | 9.4× | -12.4% | +7.3% |
| Bharti Hexacom BHARTIHEXA.NS | India | $8.84B | +10% | +8% | 29% | 36.6× | 33.4% | +15.2% |
| PT Telkom Indonesia (Persero) Tbk Sponsored ADR TLK | United States | $10.3B | -35% | -3% | 24% | 9.5× | -16.1% | -1.1% |
| Globalstar GSAT | United States | $10.9B | +3% | +8% | 5% | n/a | n/a | n/a |
| SKTelecom 017670.KS | South Korea | $12.1B | -18% | +2% | 10% | 12.3× | -9.8% | +1.2% |
| Elisa ELISA.HE | Finland | $6.11B | -17% | 0% | 20% | 14.3× | -2.7% | +3.6% |
| Far Eastone Telecommunications 4904.TW | Taiwan | $12.2B | +17% | +10% | 15% | 26.1× | 3.8% | +6.8% |
| TPG Telecom TPG.AX | Australia | $5.58B | +1% | -5% | 8% | 34.8× | 8.1% | +3.0% |
| Orange Polska OPL.WA | Poland | $5.53B | +7% | +5% | 9% | 19.4× | 13.2% | +2.7% |
| Airtel Africa AAF.L | United Kingdom | $13.5B | -33% | +27% | 34% | 14.6× | -1.2% | +10.0% |
| Telecom Italia TIT.MI | Italy | $13.6B | -20% | 0% | 11% | 31.8× | 5.3% | -2.8% |
| Millicom International Cellular TIGO | United States | $13.9B | +3% | +29% | 23% | 22.9× | 3.6% | +6.9% |
| TELUS T.TO | Canada | $14.5B | -27% | -1% | 15% | 17.5× | 2.6% | +5.8% |
| Vodafone Idea IDEA.NS | India | $14.6B | +14% | +3% | -6% | n/a | 29.6% | +1.3% |
| VEON Ltd. Sponsored ADR VEON | United States | $4.95B | +57% | +15% | 23% | 11.2× | -4.8% | -9.1% |
| Telefonica Brasil SA Sponsored ADR VIV | United States | $18.2B | -27% | +16% | 16% | 10.7× | -3.6% | +5.0% |
| Rogers Communications RCI-B.TO | Canada | $18.3B | -6% | +8% | 23% | 10.7× | 1.1% | +9.3% |
| Turkcell Iletisim Hizmetleri A.S. Sponsored ADR TKC | United States | $4.02B | -31% | +16% | 15% | 8.0× | -12.0% | +8.1% |
| Sunrise Communications SUNN.SW | Switzerland | $3.92B | +2% | -1% | 3% | n/a | 21.2% | n/a |
| Telephone and Data Systems TDS | United States | $3.54B | -29% | -74% | -3% | 92.2× | n/a | n/a |
| Guangzhou Haige Communications 002465.SZ | China | $3.43B | -38% | +1% | -16% | n/a | n/a | n/a |