Is the business good?
How good a business is TIMB?
TIM S.A. earns 22% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
22%
Return on invested capital · cost of capital 9.0% · 13 points above what the capital costs: growth creates value
- Operating margin
- 24%
Operating margin · Telecom Services median 11% · fiscal year to FY2025
- Cash conversion
- 2.06×
Cash conversion · 2.47× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −0.24%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 16% |
| FY2021 | 21% |
| FY2022 | 15% |
| FY2023 | 20% |
| FY2024 | 22% |
| FY2025 | 24% |
Details›
- Gross marginfiscal year to FY2025
- 54%
- Operating marginfiscal year to FY2025
- 24%
- Net marginfiscal year to FY2025
- 16%
- Free cash flow margin
- 33%
- Revenue, trailing twelve months
- $26.6B
- Free cash flow, trailing twelve months
- $8.90B
- Net income, trailing twelve months
- $4.31B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 22%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.