TIMB
TIM Participacoes SA
NYSE: TIMB · COMMUNICATION SERVICES · TELECOM SERVICES
$23.60
-1.69% today
Updated 2026-06-05
Market cap
$10.29B
P/E ratio
12.45
P/S ratio
0.38x
EPS (TTM)
$1.73
Dividend yield
11.10%
52W range
$17 – $28
Volume
0.4M
TIM Participacoes SA (TIMB) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed TIMB price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$23.60
Today
Analyst consensus
$25.65
+8.69% · 12M
2030 Base
$113.48
+380.85% future
NPV today
$88.27
@ 6% WACC
12 analysts:
3 Buy8 Hold3 Sell
Management guidance
TIM S.A. disclosed a 2025–27 strategic plan (May 2026) focused on network investments, cost efficiency, and shareholder dividends. The company targets continued growth in postpaid and control plans, data services, and fiber-to-the-home expansion as key revenue drivers. Specific 2026-2030 revenue targets were not publicly disclosed; guidance is limited to operational milestones (4G/5G expansion, ARPU growth through digital services) rather than explicit revenue figures.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
TIMB · TIM Participacoes SA · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$113.48
NPV today: $88.27
Base case (2030)
$113.48
NPV today: $88.27
Bull case (2030)
$186.93
NPV today: $145.41
WallStSmart.com
TIMB financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $26.6B | $29.4B | $31.2B | $32.8B | $34.1B | $35.3B |
| Revenue growth | 4.6% | 10.4% | 6.1% | 5.1% | 4.0% | 3.5% |
| Net margin | — | 3.3% | 3.6% | 3.8% | 3.9% | 3.9% |
| EPS | $1.66 | $2.01 | $2.35 | $2.58 | $2.75 | $2.88 |
| Diluted shares | — | 479M | 479M | 480M | 480M | 481M |
| Net debt | — | $180.36M | $-4.36B | $-9.14B | $-14.10B | $-19.24B |
| P/S multiple | — | 1.0x | 1.0x | 1.0x | 1.0x | 1.0x |
| Implied price (base) | — | $61.04 | $74.22 | $87.43 | $100.39 | $113.48 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $35.3B | $35.3B | $35.3B |
| P/S multiple | 1.0x | 1.0x | 2.0x |
| Diluted shares | 481M | 481M | 481M |
| Net debt | $-19.24B | $-19.24B | $-19.24B |
| Implied P/E † | 39x | 39x | 65x |
| 2030 Price | $113.48 | $113.48 | $186.93 |
| NPV @ 6% | $88.27 | $88.27 | $145.41 |
† Implied P/E: Multiples remain elevated across all three scenarios because TIMB is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $113.48 base case
TIMB catalysts and risks
Growth catalysts
+ Completion of I-Systems acquisition (May 2026) — full control of fiber infrastructure asset strengthens margin expansion and reduces capex intensity
+ 5G and 4G network expansion driving ARPU growth and postpaid customer acquisition in competitive Brazilian telecom market
+ Fiber-to-the-home (FTTH) rollout and digital service monetization (IoT, B2B) targeting high-margin enterprise segments with 30% YoY contracted revenue growth
Key risks
- Brazil's broadband market has structural challenges with intense price competition; TIM smaller than Vivo, Claro in fixed-line; limited pricing power
- Currency headwinds: BRL volatility vs USD creates earnings translation risk; FY2025 TTM revenue declined -31.22% in BRL on FX adjustment
- Analyst sentiment deteriorating: 3 downgrades in past 6 months (Bradesco, Citigroup, BofA); consensus 'Hold' with negative revisions on growth trajectory through 2030
Methodology · TIM Participacoes SA 2030 stock forecast model
TIM Participacoes SA 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 12 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (1% cumulative for TIMB by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-19.24B by 2030) |
| 3. Time value | NPV calculated using 6% WACC (CAPM: beta 0.201) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 1.0x / bull 2.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
TIMB price target FAQ
What is the TIMB price target for 2030?
WallStSmart's TIM Participacoes SA 2030 base case is $113.48 per share, with a bull case of $186.93 and bear case of $113.48. The NPV of the base case discounted to today at 6% WACC is $88.27.
How is the TIM Participacoes SA 2030 stock forecast calculated?
The TIMB 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the TIMB price target account for dilution?
TIM Participacoes SA is projected to grow diluted share count from 478M to 481M by 2030 (a 1% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 1%.
What is the analyst consensus on TIMB stock?
12 analysts cover TIMB with an average 12-month price target of $25.65. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.