WallStSmart

Nebius Group N.V. (NBIS)vsVEON Ltd (VEON)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

VEON Ltd generates 730% more annual revenue ($4.40B vs $529.80M). NBIS leads profitability with a 15.6% profit margin vs 12.1%. NBIS appears more attractively valued with a PEG of 0.63. VEON earns a higher WallStSmart Score of 72/100 (B).

NBIS

Hold

47

out of 100

Grade: D+

Growth: 8.0Profit: 4.0Value: 5.3Quality: 5.5
Piotroski: 5/9Altman Z: 0.92

VEON

Strong Buy

72

out of 100

Grade: B

Growth: 8.0Profit: 8.5Value: 5.3Quality: 3.3
Piotroski: 3/9Altman Z: 0.37
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

NBISUndervalued (+14.8%)

Margin of Safety

+14.8%

Fair Value

$186.91

Current Price

$177.05

$9.86 discount

UndervaluedFair: $186.91Overvalued
VEONSignificantly Overvalued (-72.4%)

Margin of Safety

-72.4%

Fair Value

$32.20

Current Price

$49.50

$17.30 premium

UndervaluedFair: $32.20Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

NBIS2 strengths · Avg: 9.0/10
Revenue GrowthGrowth
547.0%10/10

Revenue surging 547.0% year-over-year

PEG RatioValuation
0.638/10

Growing faster than its price suggests

VEON6 strengths · Avg: 9.0/10
P/E RatioValuation
6.7x10/10

Attractively priced relative to earnings

Return on EquityProfitability
40.9%10/10

Every $100 of equity generates 41 in profit

EPS GrowthGrowth
750.0%10/10

Earnings expanding 750.0% YoY

Price/BookValuation
2.5x8/10

Reasonable price relative to book value

Operating MarginProfitability
27.6%8/10

Strong operational efficiency at 27.6%

Revenue GrowthGrowth
17.3%8/10

17.3% revenue growth

Areas to Watch

NBIS4 concerns · Avg: 3.5/10
Price/BookValuation
9.7x4/10

Trading at 9.7x book value

EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Return on EquityProfitability
0.3%3/10

ROE of 0.3% — below average capital efficiency

Debt/EquityHealth
1.063/10

Elevated debt levels

VEON3 concerns · Avg: 3.0/10
PEG RatioValuation
2.234/10

Expensive relative to growth rate

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Altman Z-ScoreHealth
0.372/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : NBIS

The strongest argument for NBIS centers on Revenue Growth, PEG Ratio. Profitability is solid with margins at 15.6% and operating margin at -109.8%. Revenue growth of 547.0% demonstrates continued momentum.

Bull Case : VEON

The strongest argument for VEON centers on P/E Ratio, Return on Equity, EPS Growth. Revenue growth of 17.3% demonstrates continued momentum.

Bear Case : NBIS

The primary concerns for NBIS are Price/Book, EPS Growth, Return on Equity. A P/E of 4619.3x leaves little room for execution misses.

Bear Case : VEON

The primary concerns for VEON are PEG Ratio, Piotroski F-Score, Altman Z-Score.

Key Dynamics to Monitor

VEON carries more volatility with a beta of 1.61 — expect wider price swings.

NBIS is growing revenue faster at 547.0% — sustainability is the question.

VEON generates stronger free cash flow (255M), providing more financial flexibility.

Monitor INTERNET CONTENT & INFORMATION industry trends, competitive dynamics, and regulatory changes.

Bottom Line

VEON scores higher overall (72/100 vs 47/100) and 17.3% revenue growth. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Nebius Group N.V.

COMMUNICATION SERVICES · INTERNET CONTENT & INFORMATION · USA

Nebius Group N.V. (Ticker: NBIS) is a forward-looking technology company specializing in advanced digital solutions designed to enhance client engagement and streamline operational efficiency across diverse sectors. By harnessing the power of cloud computing, artificial intelligence, and data analytics, Nebius equips businesses to effectively manage the complexities of the digital age. With a strong portfolio of intellectual property and meaningful strategic partnerships, the company is poised to capture significant growth opportunities in the dynamic technology landscape, positioning itself as an appealing investment choice for institutional investors seeking high-growth prospects in tech-driven markets.

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VEON Ltd

COMMUNICATION SERVICES · TELECOM SERVICES · USA

VEON Ltd., provides fixed line and mobile telecommunications services. The company is headquartered in Amsterdam, the Netherlands.

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