Stock fact sheet · data as of
Telefônica Brasil S.A. (VIV): fair value, margin of safety and Wheel Score
Ticker symbol VIV · Communication Services · Telecommunications Services · Brazil · ADR · Blend Income
VIV is an American depositary share (ADR): the US listing of Telefônica Brasil S.A., whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.
Is VIV undervalued?
At 11.31 (close of 5 Nov 2026), VIV trades 42% below the GLS average fair value of 19.62. That average comes from 9 models run on the latest filings, and 7 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns Telefônica Brasil S.A. the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
There is a wide gap between DDM (6.68) and Graham Growth (42.90). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for VIV, so the nightly engine files it under Blend (value score 49, growth score 47, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for VIV
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 36.42 | +222% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 11.51 | +2% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 42.90 | +279% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 18.75 | +66% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 16.04 | +42% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 18.27 | +62% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 17.68 | +56% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 6.68 | -41% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 8.33 | -26% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -3.87 | -134% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 14.33 | +27% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Telefônica Brasil S.A. scores 6 of 9 on the Piotroski F-score: a middling result that passes the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. On durability VIV scores 6.3/10 on the GLS Moat - a middle reading; the Moat Score tab on the Quote page's Financials view shows which of the four parts hold it back.
Returns on capital are moderate - ROIC 6.8%, ROE 8.8%, ROA 4.7% - with debt at 0.30 times equity and a free-cash-flow yield of 10.8%.
The dividend yield is high at 4.01% (payout ratio 43%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Services 90%, Sale Of Goods 10% (fiscal year FY2025).
Institutional ownership scores 1/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 6.8% |
|---|---|---|---|
| GLS Moat | 6.3 / 10 | ROE | 8.8% |
| Debt / equity | 0.30 | ROA | 4.7% |
| Free-cash-flow yield | 10.8% | Payout ratio | 43% |
| Institutions | 1 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 40: Weak
With a Wheel Score of 40 Telefônica Brasil S.A. sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (181 open interest, 99 a day); and filter 7, a premium worth selling - implied volatility 101% (over 80%); Option trading (weak) is its weakest part.
Implied volatility is 101%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. Chain open interest is thin - 181 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 2.8M shares a day on a market cap of $18.1B, with a beta of 0.21 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that good.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (181 open interest, 99 a day) |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | implied volatility 101% (over 80%) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 42% below fair value | |
| Premium | Weak | implied volatility 101% | |
| Moat | Good | moat 6.3/10 | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Fair | Red Flags score 77/100 | |
| Option trading | Weak | 99 contracts a day, 181 open interest | |
| Stability | Good | beta 0.21, $18.1B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
Telefônica Brasil S.A. reports earnings on 10 Nov 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Analysts upgraded VIV 1 time in the last 30 days with no downgrades; the latest action was an upgrade by Bank of America Securities on 13 Oct 2026.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Telecommunications Services
The 12 companies below are the closest to Telefônica Brasil S.A. by market cap within the Telecommunications Services industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| RCI Rogers Communications Inc. | 34.61 | 93.84 | +63% | 46Weak | $18.7B |
| BCE BCE Inc. | 21.11 | 66.44 | +68% | 52Fair | $19.7B |
| TMUSI T-Mobile USA Inc 5.5 % Notes 2025-01.06.70 | 18.40 | 127.30 | +86% | 28No options | $19.7B |
| CHTR Charter Communications, Inc. | 120.25 | 1,121.42 | +89% | 47Weak | $16.2B |
| CCZ Comcast Holdings Corp. | 63.41 | 217.35 | +71% | 38No options | $15.8B |
| ECHO EchoStar Corporation | 98.62 | 274.75 | +64% | 50Fair | $15.6B |
| ASTS AST SpaceMobile, Inc. | 35.62 | - | - | 16Weak | $14.5B |
| TU TELUS Corporation | 9.22 | 21.87 | +58% | 43Weak | $14.5B |
| TIGO Millicom International Cellular S.A. | 77.09 | 162.98 | +53% | 45Weak | $12.9B |
| SKM SK Telecom Co.,Ltd | 31.29 | 43.94 | +29% | 85Prime | $12.0B |
| GSAT Globalstar, Inc. | 84.58 | 47.18 | -79% | 24Weak | $11.0B |
| TLK Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk | 10.75 | 23.82 | +55% | 40No options | $10.6B |
⚖ Compare VIV with 7 of them All Communication Services stocks →
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Start free See the Sunday ScanQuestions about VIV
Is VIV undervalued right now?
By the GLS models, yes: at 11.31 the stock is 42% below the average fair value of 19.62 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of VIV and what does it mean?
VIV scores 40 out of 100 (Weak) - it fails Wheel Trade Filters 1, 7. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for VIV?
19.62 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Telefônica Brasil S.A. report earnings next?
The next earnings report is due on 10 Nov 2026 (after the close), 5 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does VIV have listed options, and how liquid are they?
Yes. The nightly snapshot found 16 listed contracts with 181 open interest across all expiries and implied volatility of 101% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.
Is VIV an ADR?
Yes. VIV is an American depositary share (ADR): the US listing of Telefônica Brasil S.A., whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.