TIM S.A. Q4 Earnings Preview: Inflation Surprise [Seeking Alpha]
TIM S.A. American Depositary Shares (Each representing 5 Common Shares) (TIMB)
Company Research
Source: Seeking Alpha
Inflation in Brazil, which has been a concern for telecom companies, improved more than expected, providing a favorable backdrop for TIMB. TIMB's acquisition of Oi Group's Mobile business in 2022 has exceeded expectations, with strong service revenue and EBITDA growth. I continue to maintain a buy rating on TIMB stock, with a price target of $18.90. I am revisiting my previous analysis on TIM S.A. ( NYSE: TIMB ) in advance of Q4 2023 earnings, which will be released post-market on February 6th. In my last analysis, I rated TIMB a buy for the following reasons: Q2 performance was impressive with margin growing more than 3 percentage points, ARPU growing at record levels, and outperforming their largest competitor TIMB had set up well for growth across the business with low churn in mobile, record net-adds in fiber, and a focus on high-margin B2B services. Valuation signals improved from prior periods, and DCF generated a price target of $21, which represented a 37% upsid
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TIMB
News
- Best Income Stocks to Buy for April 16th [Yahoo! Finance]Yahoo! Finance
- TIM investor Merlyn proposes plan to cut debt, have $7 bln in cash [Reuters]Reuters
- TIM investor Merlyn proposes plan to cut debt, have $7 bln in cash [Yahoo! Finance]Yahoo! Finance
- What Makes TIM (TIMB) a New Buy Stock [Yahoo! Finance]Yahoo! Finance
- Tim S.A. (NYSE: TIMB) had its price target raised by analysts at Barclays PLC from $19.50 to $20.00. They now have an "equal weight" rating on the stock.MarketBeat
TIMB
Sec Filings
- 4/30/24 - Form IRANNOTICE
- 4/30/24 - Form 6-K
- 4/30/24 - Form 20-F
- TIMB's page on the SEC website