Kyivstar Group Ltd. (KYIV) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Kyivstar Group Ltd. $24.49, price $13.02, upside +88.1%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
22‑month range $9.33 – $16.17 · fair‑value band $17.66 – $32.96 · the $13.02 price screens below the $24.49 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Kyivstar Group Ltd. provides a range of mobile communication and broadband services for individual and corporate customers in Ukraine.
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Kyivstar Group Ltd. provides a range of mobile communication and broadband services for individual and corporate customers in Ukraine. The company offers a range of connectivity and digital services, including mobile and fixed-line voice and data, ride-hailing, e-health, digital TV, a suite of self-service options, and enterprise solutions, such as Big Data, cloud, and cybersecurity under Kyivstar TV, Helsi, MyKyivstar, Kyivstar.Tech, and Uklon platforms. It also provides internet services such as corporate internet access, fixed-line telephone, data transmission and fixed-mobile convergence, and internet-TV via FTTB network connections. The company was founded in 1994 and is headquartered in Dubai, the United Arab Emirates. Kyivstar Group Ltd. operates as a subsidiary of Vimpelcom Amsterdam B.V.
Stock analysis
Kyivstar Group Ltd. Common Shares (KYIV) currently trades at $13.02, while our model-based Fair Value estimate is $24.49, implying the stock looks roughly 46.8% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $28.88 per share, and 17 of the 24 models we run sit above the $13.02 price.
Bear case: the Asset-Based group reads lowest at $3.77, and 7 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: $17.66 (bear) to $32.96 (bull), the price of $13.02 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 62/100 (solid quality), in the Communication Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Kyivstar Group Ltd. Common Shares reported revenue of $1.2B in FY2025 versus $915M in FY2023, a compound +12.4%/yr. Reported net income was $124M in FY2025.
Key figures
Market cap $3.3B · P/E ratio 18.3 · P/S ratio 1.97 · EPS (TTM) $0.7100 · Net margin 10.7% · Return on equity 13.3% · Return on assets (EBIT) 11.1% · Operating margin 35.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 19% below its 52-week high and 40% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 47% fair-value upside, at 88%, KYIV screens cheaper than that median.
Fair Value models
Bear $17.66Fair Value $24.49Bull $32.96
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($0.5194 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
−20.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−20.9%
Dividend (yield on the price)0.0%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−4.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+9.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −6.6% a year for the price and +6.5% for the forecasts.
Compare Kyivstar Group Ltd. Common Shares with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Telecom Services · 252 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside+88% · Top 25%
Profitability
Return on equity (TTM)13% · Above median
Return on assets13% · Top 25%
Net margin (TTM)13% · Top 25%
Operating margin (TTM)36% · Top 25%
Growth and dividend
Revenue growth27% · Top 25%
Balance sheet
Debt / equity0.22× · Below median
Valuation Multiplesvs Telecom Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Kyivstar Group Ltd. Common Shares Fair Value". https://www.fairvalue-calculator.com/stock/KYIV
Frequently asked questions
Is Kyivstar Group Ltd. (KYIV) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $24.49 versus a price of $13.02, about +88% upside (undervalued).
What is the fair value of KYIV?
Our model-based fair value for Kyivstar Group Ltd. Common Shares is $24.49 (as of Sep 23, 2026), built from audited fundamentals. The current price: $13.02.
What is the quality score of KYIV?
Kyivstar Group Ltd. Common Shares has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Kyivstar Group Ltd. (KYIV)?
Our model-based price target is the fair value of $24.49 (as of Sep 23, 2026) from 24 valuation models. Cautious scenario $17.66, optimistic scenario $32.96. It is a calculation from audited fundamentals, not an analyst target.
What is the Kyivstar Group Ltd. Common Shares stock forecast for 2026?
Our models put fair value at $24.49, about +88% upside versus a price of $13.02 (undervalued). Cautious scenario $17.66, optimistic scenario $32.96. The calculation is refreshed regularly with new filings.
What is the revenue of Kyivstar Group Ltd. (KYIV)?
Kyivstar Group Ltd. Common Shares reported trailing-twelve-month revenue of about $1.2B (latest available figure, as of Sep 23, 2026).
What growth is priced into Kyivstar Group Ltd. (KYIV)?
For today's price to be fair in a discounted-cash-flow model, Kyivstar Group Ltd. Common Shares would have to grow free cash flow by -4.4 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 2 years revenue grew +12.5 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of KYIV use?
Our models discount Kyivstar Group Ltd. Common Shares at 9.7 %: a base by market capitalisation (mid), country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Kyivstar Group Ltd. Common Shares that is -4.4 % per year a year over ten years, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has Kyivstar Group Ltd. (KYIV) delivered so far?
Over the past 2 years revenue at Kyivstar Group Ltd. Common Shares grew +12.5 % a year. The price currently implies -4.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Kyivstar Group Ltd. (KYIV) growing?
The median revenue growth in the sector is +1.6 % a year. That is the yardstick for the growth priced into Kyivstar Group Ltd. Common Shares (-4.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Kyivstar Group Ltd. (KYIV)?
The free-cash-flow yield on the price is 11.05 %: that much free cash flow Kyivstar Group Ltd. Common Shares produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kyivstar Group Ltd. (KYIV)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kyivstar Group Ltd. Common Shares it is $24.49 per share (as of Sep 23, 2026), against a price of $13.02. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Kyivstar Group Ltd. Common Shares stock overvalued or undervalued in 2026?
As of Sep 23, 2026, KYIV trades below its calculated fair value: price $13.02, fair value $24.49, a gap of about +88% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of KYIV?
No. The price is what the market pays today ($13.02); the fair value is what the company's own numbers justify ($24.49). For Kyivstar Group Ltd. Common Shares the two are $11.47 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kyivstar Group Ltd. Common Shares worth?
The market values Kyivstar Group Ltd. Common Shares at about $3.3B (market capitalisation, as of Sep 23, 2026). Per share that is $13.02; our models calculate a fair value of $24.49 per share.
What do the bullish and bearish scenarios say about KYIV?
Our models span a range for Kyivstar Group Ltd. Common Shares: cautious scenario $17.66, base $24.49, optimistic $32.96 per share (as of Sep 23, 2026, price $13.02). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KYIV?
Kyivstar Group Ltd. Common Shares trades at a price-to-earnings ratio of 18.3 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $24.49 is built from several models across several years. Other multiples: PEG 1.4, P/B 2.5, P/S 2.7, EV/EBITDA 5.3.
What is the PEG ratio of KYIV?
The PEG ratio of Kyivstar Group Ltd. Common Shares is 1.42 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Kyivstar Group Ltd. (KYIV)?
Balance-sheet figures for Kyivstar Group Ltd. Common Shares (as of Sep 23, 2026): return on equity 13.3%, debt of 0.22 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is KYIV from its 52-week high?
Kyivstar Group Ltd. Common Shares trades at $13.02, about 19% below its 52-week high of $16.17 and 40% above the low of $9.33 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $24.49 is for.
Which stocks are comparable to Kyivstar Group Ltd. Common Shares?
From the same area (Communication Services) we also value China Mobile Limited, T-Mobile US, Inc, Verizon Communications Inc, AT&T Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Kyivstar Group Ltd. Common Shares stock attractive at the current price?
The data as of Sep 23, 2026: price $13.02, calculated fair value $24.49 (+88%), Quality Score 62/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of KYIV calculated?
We run Kyivstar Group Ltd. Common Shares through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $24.49, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Kyivstar Group Ltd. Common Shares currently trades 88 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Kyivstar Group Ltd. (KYIV)?
The closing price on Sep 23, 2026 was $13.02. Our model-based fair value is $24.49, about +88% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kyivstar Group Ltd. Common Shares right now?
The price is below even our cautious bear case ($17.66). The market is more pessimistic than our downside scenario. Solid quality (62/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range ($17.66 to $32.96) leaves room in how you read the outcome.
Key figures of Kyivstar Group Ltd. Common Shares
How large is the market capitalisation of Kyivstar Group Ltd. (KYIV)?
The market capitalisation of Kyivstar Group Ltd. Common Shares is $3.3B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Kyivstar Group Ltd. (KYIV)?
The price-to-sales ratio of Kyivstar Group Ltd. Common Shares is 1.97 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Kyivstar Group Ltd. (KYIV)?
Earnings per share at Kyivstar Group Ltd. Common Shares are $0.7100 (price ÷ EPS = P/E 18.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Kyivstar Group Ltd. (KYIV)?
The net margin of Kyivstar Group Ltd. Common Shares is 10.7% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Kyivstar Group Ltd. (KYIV)?
The return on equity (ROE) of Kyivstar Group Ltd. Common Shares is 13.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Kyivstar Group Ltd. (KYIV)?
On an EBIT basis the return on assets of Kyivstar Group Ltd. Common Shares is 11.1% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Kyivstar Group Ltd. (KYIV)?
The operating margin of Kyivstar Group Ltd. Common Shares is 35.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kyivstar Group Ltd. (KYIV)?
Revenue at Kyivstar Group Ltd. Common Shares is growing +26.7% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Kyivstar Group Ltd. (KYIV)?
Earnings per share at Kyivstar Group Ltd. Common Shares are growing +75.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Kyivstar Group Ltd. (KYIV) carry?
The net debt of Kyivstar Group Ltd. Common Shares is $61.0M (fiscal year 2025, ≈ 0.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Sep 23, 2026