KYIVKyivstar Group Ltd.
Is the business good?
The checks split: nothing decisive, though earnings fully cash-backed (3.3×).
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
A balanced mix of margins, efficiency, and leverage. ROE 10% = margin × turnover × leverage.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is KYIV?
Kyivstar Group Ltd. earns 34% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 25 points above what the capital costs: growth creates value
- Operating margin
- 24%
Operating margin · Telecom Services median 11% · fiscal year to FY2025
- Cash conversion
- 3.25×
Cash conversion · 1.51× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +4.4%
Share count, year on year · shareholders own a smaller slice than a year ago
| Year | Operating margin |
|---|---|
| FY2023 | 40% |
| FY2024 | 38% |
| FY2025 | 24% |
Details›
- Operating marginfiscal year to FY2025
- 24%
- Net marginfiscal year to FY2025
- 11%
- Free cash flow margin
- 27%
- Revenue, trailing twelve months
- $1.16B
- Free cash flow, trailing twelve months
- $311M
- Net income, trailing twelve months
- $124M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 34%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Telecom Services
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