TIM Participacoes SA (TIMB) fair value: what the stock is really worth
We calculate from audited financials what TIM Participacoes SA is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
Watch it or check another stockalert when fair value or trend changes
Communication Services · US · Market cap $9.0B · ISIN US88706T1088
At a glance
TPTIM Participacoes SATIMB · US
Price$18.73
Fair Value$38.68
Upside+106.5%
Quality64/100
A solid business, trading 52% below our fair value of $38.68.
As of Sep 9, 2026, the fair value of TIM Participacoes SA is $38.68 per share against a price of $18.73, so the fair value sits 107% above the price. A model estimate from reported figures, not an analyst target.
✓Healthy Growth (revenue 5y +9.0 %/yr)
✓Solidly profitable · 16.0% net margin
✓Low debt · generates free cash flow
·7.78% dividend yield
✓Ranks above peers (12/12)
✓Wide moat 65/100
!Evidence only medium, so the estimate is less certain
Evidence: MediumRange $29.01 to $48.35
Fair value as of: Sep 9, 2026
From 26 valuation models · updated yesterday
Fair value updated Sep 9, 2026, revised from $38.30 to $38.68 (+1.0%) since Sep 1, 2026. Share price +1.6% over the past month.
This is the short version. In the app for TIM Participacoes SA:
Watch TIM Participacoes SA for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for free
69 individual criteria per stock, every one traceable See the method →
What matters now
The price is below even our cautious bear case ($29.01). The market is more pessimistic than our downside scenario.
Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 9, 2026.
How to read this chart
60‑month range $7.30 – $27.96 · fair‑value band $29.01 – $48.35 · the $18.73 price screens below the $38.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 9, 2026.
TIM Participacoes SA (TIMB) currently trades at $18.73, while our model-based Fair Value estimate is $38.68, implying the stock looks roughly 51.6% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Communication Services sector. Bull case: the DCF Models group reads highest at a median of $271.90 per share, and 26 of the 26 models we run sit above the $18.73 price. Bear case: the Asset-Based group reads lowest at $33.63, and 0 of the 26 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, TIM Participacoes SA generated revenue of $27.0B at a net margin of 16.0%. Revenue grew 6.5% year over year. It earns a return on equity of 17.7%. Net debt stands at $28.5B. Fundamentals as of Sep 9, 2026
Scenario range: $29.01 (bear) to $48.35 (bull), the price of $18.73 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 34% below its 52-week high and 12% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 29% fair-value upside, at 107%, TIMB screens cheaper than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then ($0.1947 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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
Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
P/E ratio10.8
P/S ratio1.74P/E × margin
EPS (TTM)$1.74price ÷ EPS = P/E 10.8
Dividend yield7.8%payout 83.8%
Net margin16.2%FY2025
Return on equity17.7%TTM
More key figures
Profitability
Return on assets (EBIT)8.6%avg 5y
Operating margin24.3%TTM
Growth
Revenue (TTM)$27.0BTTM
Revenue growth (YoY)+6.5%3y avg +7.3%
EPS growth (YoY)+3.2%
Balance sheet & cash flow
Free cash flow$8.9BFY2025
Net debt$28.5BFY2025 · ≈ 3.2 yrs of FCF
Figures from reported company fundamentals · as of Sep 9, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality64/100
Of which business quality 62
· Market factors (momentum, volatility) 38
Profitability53
Margins and returns on capital today
Quality Growth43
Are margins and returns improving?
Cashflow88
Earnings quality: real cash, not paper profit
Fin. Strength37
Balance sheet, leverage, solvency risk
Investment72
Disciplined investing over empire-building
Low Volatility81
Calm price path (market factor)
Momentum20
Price trend over the last 3–12 months (market factor)
52W Momentum21
Distance to the 52-week high (market factor)
Net Issuance83
Buybacks instead of dilution
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
TIM S.A. engages in the telecommunications sector in Brazil. It offers landline switched telephone services in local, national, and international long-distance modes, as well as personal mobile and multimedia communication services. The company is based in Rio de Janeiro, Brazil. TIM S.A. is a subsidiary of TIM Brasil Serviços e Participações S.A.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
TIM Participacoes SA reported revenue of R$26.6B in FY2025 versus R$18.1B in FY2021, a compound +10.2%/yr. Reported net income was R$4.3B in FY2025, compounding +9.9%/yr from FY2021.
Growth Quality 88/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$26.6B
Latest YoY
+4.6%
Avg. revenue growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.3%
Avg. revenue growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.0%
Avg. revenue growth/yr (27Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.8%
Value creation/yr (5Y, in BRL) ⓘEarnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year. Measured in BRL: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+25.6%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+17.8%
Dividend yield7.8%
Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 7.9% vs 10Y 10.8%, steady
Operating margin (EBIT) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.16.2% (2020) → 25.0% (2025) · rising
Worst earnings drop99% (2024) · in USD
Revenue+10.2%/yr
FY21R$18.1B
FY22R$21.5B
FY23R$23.8B
FY24R$25.4B
FY25R$26.6B
Net income+9.9%/yr
FY21R$3.0B
FY22R$1.7B
FY23R$2.8B
FY24R$3.2B
FY25R$4.3B
Character of growth · EPS growth decomposed (2014-2025)+15.1 % p.a.
Revenue per share+9.0 %
of which total revenue +4.2 % · buybacks/dilution +4.6 %
EBIT margin+8.4 %
Tax rate+2.8 %
Residual (interest, one-offs)−5.3 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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.
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
This stockSector peers
VALUE100· sector 28
FUTURE33· sector 15
PAST71· sector 28
HEALTH96· sector 89
DIVIDEND100· sector 74
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Telecom Services stocks, each showing price versus our Fair Value estimate (as of Sep 9, 2026).
Is TIM Participacoes SA (TIMB) overvalued or undervalued?
As of Sep 9, 2026, our model estimates a fair value of $38.68 versus a price of $18.73, about +107% upside (undervalued).
What is the fair value of TIMB?
Our model-based fair value for TIM Participacoes SA is $38.68 (as of Sep 9, 2026), built from audited fundamentals. The current price: $18.73.
What is the quality score of TIMB?
TIM Participacoes SA has a Quality Score of 64/100. 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 TIM Participacoes SA (TIMB)?
Our model-based price target is the fair value of $38.68 (as of Sep 9, 2026) from 26 valuation models. Cautious scenario $29.01, optimistic scenario $48.35. It is a calculation from audited fundamentals, not an analyst target.
What is the TIM Participacoes SA stock forecast for 2026?
Our models put fair value at $38.68, about +107% upside versus a price of $18.73 (undervalued). Cautious scenario $29.01, optimistic scenario $48.35. The calculation is refreshed regularly with new filings.
What is the revenue of TIM Participacoes SA (TIMB)?
TIM Participacoes SA reported trailing-twelve-month revenue of about $27.0B (latest available figure, as of Sep 9, 2026).
What is the net profit margin of TIMB?
The net profit margin of TIM Participacoes SA is about 16.0%, meaning it keeps roughly 16.0% of revenue as net income. Based on the latest reported figures.
Does TIM Participacoes SA pay a dividend?
TIM Participacoes SA currently shows a dividend yield of about 7.78% relative to its recent price (as of Sep 9, 2026).
What is the intrinsic value of TIM Participacoes SA (TIMB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TIM Participacoes SA it is $38.68 per share (as of Sep 9, 2026), against a price of $18.73. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is TIM Participacoes SA stock overvalued or undervalued in 2026?
As of Sep 9, 2026, TIMB trades below its calculated fair value: price $18.73, fair value $38.68, a gap of about +107% (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 TIMB?
No. The price is what the market pays today ($18.73); the fair value is what the company's own numbers justify ($38.68). For TIM Participacoes SA the two are $19.95 per share apart. That gap is exactly why we show both numbers side by side.
How much is TIM Participacoes SA worth?
The market values TIM Participacoes SA at about $9.0B (market capitalisation, as of Sep 9, 2026). Per share that is $18.73; our models calculate a fair value of $38.68 per share.
What do the bullish and bearish scenarios say about TIMB?
Our models span a range for TIM Participacoes SA: cautious scenario $29.01, base $38.68, optimistic $48.35 per share (as of Sep 9, 2026, price $18.73). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TIMB?
TIM Participacoes SA trades at a price-to-earnings ratio of 10.8 (as of Sep 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $38.68 is built from several models across several years. Other multiples: PEG 1.4.
What is the PEG ratio of TIMB?
The PEG ratio of TIM Participacoes SA is 1.36 (P/E divided by earnings growth, as of Sep 9, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of TIM Participacoes SA (TIMB)?
Balance-sheet figures for TIM Participacoes SA (as of Sep 9, 2026): return on equity 17.7%, debt of 0.08 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is TIMB from its 52-week high?
TIM Participacoes SA trades at $18.73, about 34% below its 52-week high of $28.22 and 12% above the low of $16.74 (as of Sep 9, 2026). Distance from the high says nothing about value: that is what the fair value of $38.68 is for.
Which stocks are comparable to TIM Participacoes SA?
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 TIM Participacoes SA stock attractive at the current price?
The data as of Sep 9, 2026: price $18.73, calculated fair value $38.68 (+107%), Quality Score 64/100, from 26 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 TIMB calculated?
We run TIM Participacoes SA through 26 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 $38.68, with the spread shown as a cautious and an optimistic scenario.
Free · no account needed
Watch TIM Participacoes SA in the live analysis
One click puts TIM Participacoes SA on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
TIM Participacoes SA
TIMB · US