Communication Services · Telecommunications Services
Price
$22.03
Market Cap
$10.5B
Employees
8,873
Beta
0.11
Avg Volume
381,616
CEO
Alberto Mario Griselli
Business Description
TIM S.A. is a prominent telecommunications provider in Brazil, delivering an extensive portfolio of services. Its core operations include mobile voice and data communication, high-speed broadband internet access, and various supplementary telecommunications services and products. The company caters to a broad customer base, offering solutions for individual consumers as well as tailored corporate packages for small, medium, and large enterprises. Its service lineup also features fixed-line ultra-broadband and TIM Live services, cutting-edge WTTx technology through Ultrafibra offerings, and a suite of Internet of Things (IoT) solutions. Furthermore, TIM S.A. provides digital content and services bundled within its packages, distributes a wide selection of mobile handsets and accessories via an expansive dealer network comprising company-owned stores, exclusive franchises, and authorized resellers, and supplies co-billing services to other telecommunication operators. As of December 31, 2021, the company served a substantial 52.6 million subscribers. Its headquarters are located in Rio de Janeiro, Brazil, and TIM S.A. operates as a subsidiary of TIM Brasil Serviços e Participações S.A.
Business History
Price Overview
Last updated: Jun 29, 2026 4:48am (just now)$22.03
+0.11 (+0.50%)
Day Range
$21.94 – $22.22
52-Week Range
$17.65 – $28.22
50-Day MA
$23.29
200-Day MA
$23.28
Volume
300,857.00
Analyst Price Targets
Low
$23.40
Consensus
$26.63
High
$28.50
(13 analysts)
Share Structure
Outstanding
477,734,400.00
Float
477,341,923.00
Free Float
99.9%
High free float
— 99.9% of shares trade freely, ~0.1% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
12.53
Stock Price: $22.03
EPS (Diluted): 8.95
EPS (Diluted): 8.95
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
2.14
Stock Price: $22.03
Total Equity: $23.98B
Shares: 482,863,200
Total Equity: $23.98B
Shares: 482,863,200
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
4.59
Market Cap: $10.52B
Total Debt: $14.83B
Cash: $85.83M
EBITDA: $11.07B
Total Debt: $14.83B
Cash: $85.83M
EBITDA: $11.07B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$79.9B
Market Cap: $10.52B
Total Debt: $14.83B
Cash: $85.83M
Total Debt: $14.83B
Cash: $85.83M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
53.9%
Gross Profit: $14.36B
Revenue: $26.62B
Revenue: $26.62B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
25.0%
Operating Income: $6.66B
Revenue: $26.62B
Revenue: $26.62B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
16.2%
Net Income: $4.31B
Revenue: $26.62B
Revenue: $26.62B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
17.5%
Net Income: $4.31B
Total Equity: $23.98B
Total Equity: $23.98B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
13.2%
Operating Income: $6.66B
Tax Rate: 5.4%
Equity: $23.98B
Total Debt: $14.83B
Cash: $85.83M
Tax Rate: 5.4%
Equity: $23.98B
Total Debt: $14.83B
Cash: $85.83M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.89
Current Assets: $13.46B
Current Liabilities: $15.20B
Current Liabilities: $15.20B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.62
Short-Term Debt: $925.63M
Long-Term Debt: $13.91B
Total Debt: $14.83B
Total Equity: $23.98B
Long-Term Debt: $13.91B
Total Debt: $14.83B
Total Equity: $23.98B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$55.14
Revenue: $26.62B
Shares: 482,863,200
Shares: 482,863,200
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$49.66
Total Equity: $23.98B
Shares: 482,863,200
Shares: 482,863,200
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$18.43
Operating CF: $13.44B
CapEx: -$4.54B
Shares: 482,863,200
CapEx: -$4.54B
Shares: 482,863,200
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
10.4%
Last Dividend: N/A
Stock Price: $22.03
Stock Price: $22.03
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $4.31B
Net Income: $4.31B
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares TIMB against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 29, 2026 4:48am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $18.1B | $21.5B | $23.8B | $25.4B | $26.6B |
| Cost of Revenue | $8.4B | $10.7B | $11.5B | $11.9B | $12.3B |
| Gross Profit | $9.6B | $10.9B | $12.3B | $13.6B | $14.4B |
| Operating Expenses | $5.9B | $7.4B | $7.5B | $7.7B | $7.7B |
| Operating Income | $3.8B | $3.5B | $4.8B | $5.8B | $6.7B |
| Net Income | $3.0B | $1.7B | $2.8B | $3.2B | $4.3B |
| EBITDA | $10.3B | $10.8B | $12.4B | $13.0B | $11.1B |
| EPS | $6.35 | $3.58 | $5.75 | $7.50 | $8.95 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 29, 2026 4:48am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $5.2B | $2.5B | $3.1B | $3.3B | $85.8M |
| Total Current Assets | $15.4B | $10.4B | $11.4B | $12.7B | $13.5B |
| Total Assets | $49.8B | $56.4B | $55.3B | $56.3B | $56.9B |
| Current Liabilities | $10.6B | $13.1B | $12.9B | $12.8B | $15.2B |
| Long-Term Debt | $3.3B | $3.7B | $2.5B | $2.7B | $13.9B |
| Total Liabilities | $24.7B | $31.0B | $29.2B | $29.9B | $33.0B |
| Total Equity | $25.1B | $25.4B | $26.0B | $26.4B | $24.0B |
| Retained Earnings | $11.2B | $11.5B | $0 | $12.6B | $10.2B |
Cash Flow (Annual)
Last updated: Jun 29, 2026 4:48am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $9.9B | $9.2B | $12.4B | $12.3B | $13.4B |
| Capital Expenditure | -$5.3B | -$4.7B | -$4.5B | -$4.6B | -$4.5B |
| Free Cash Flow | $4.6B | $4.4B | $7.9B | $7.8B | $8.9B |
| Acquisitions (net) | $1.1B | -$6.3B | -$443.1M | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$11.1M | $0 | -$2.8M | -$45.0M | -$748.3M |
| Net Change in Cash | $2.7B | -$2.7B | $529.2M | $180.8M | $351.6M |
Analyst Estimates (Annual)
Last updated: Jun 29, 2026 4:48am (just now)| Metric | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| Revenue |
$28.7B $28.2B – $29.6B
|
$29.8B $28.9B – $31.2B
|
$31.3B $30.0B – $31.8B
|
$32.9B $31.4B – $33.4B
|
| EBITDA |
$14.4B $14.2B – $14.9B
|
$15.0B $14.6B – $15.7B
|
$15.8B $15.1B – $16.0B
|
$16.5B $15.8B – $16.8B
|
| Net Income |
$4.6B $4.2B – $5.2B
|
$5.4B $5.0B – $6.2B
|
$6.1B $5.7B – $6.2B
|
$8.0B $7.5B – $8.1B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 29, 2026 4:48am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +19.2% | +10.7% | +6.8% | +4.6% |
| Gross Profit Growth | +13.1% | +13.4% | +9.9% | +5.9% |
| Operating Income Growth | -7.4% | +39.0% | +20.6% | +14.3% |
| Net Income Growth | -43.5% | +69.8% | +11.2% | +36.7% |
| EBITDA Growth | +5.2% | +15.1% | +4.7% | -14.8% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-23 | Viegas Marques Andrea Palma | S-Sale | 35,000.00 | $4.32 | $151,200 |
| 2026-05-18 | Lima Auana Mattar | S-Sale | 8,200.00 | $4.42 | $36,244 |
| 2026-05-05 | Ferreira Vicente De Moraes | A-Award | 3,584.00 | $0.00 | $0 |
| 2026-05-05 | Ferreira Vicente De Moraes | A-Award | 16,949.00 | $0.00 | $0 |
| 2026-05-05 | Ferreira Vicente De Moraes | A-Award | 1,046.00 | $0.00 | $0 |
| 2026-05-05 | Demaria Saverio | A-Award | 6,281.00 | $0.00 | $0 |
| 2026-05-05 | Demaria Saverio | A-Award | 28,588.00 | $0.00 | $0 |
| 2026-05-05 | Demaria Saverio | A-Award | 1,765.00 | $0.00 | $0 |
| 2026-05-05 | Girasole Mario | A-Award | 13,739.00 | $0.00 | $0 |
| 2026-05-05 | Girasole Mario | A-Award | 64,319.00 | $0.00 | $0 |
| 2026-05-05 | Girasole Mario | A-Award | 3,970.00 | $0.00 | $0 |
| 2026-05-05 | Russo Maria Antonietta | A-Award | 14,446.00 | $0.00 | $0 |
| 2026-05-05 | Russo Maria Antonietta | A-Award | 52,409.00 | $0.00 | $0 |
| 2026-05-05 | Russo Maria Antonietta | A-Award | 3,235.00 | $0.00 | $0 |
| 2026-05-05 | Di Costanzo Marco | A-Award | 7,851.00 | $0.00 | $0 |
| 2026-05-05 | Di Costanzo Marco | A-Award | 24,095.00 | $0.00 | $0 |
| 2026-05-05 | Di Costanzo Marco | A-Award | 1,487.00 | $0.00 | $0 |
| 2026-05-05 | Fadda Luca | A-Award | 7,655.00 | $0.00 | $0 |
| 2026-05-05 | Fadda Luca | A-Award | 32,290.00 | $0.00 | $0 |
| 2026-05-05 | Fadda Luca | A-Award | 1,993.00 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jun 29, 2026 4:48am (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-06-29 | $0.16 | 2026-06-18 | 2026-06-29 | 2026-07-29 |
| 2026-03-30 | $0.16 | 2026-03-19 | 2026-03-30 | 2026-04-29 |
| 2025-12-29 | $0.84 | 2025-12-17 | 2025-12-29 | |
| 2025-10-03 | $0.19 | 2025-09-23 | 2025-10-03 | 2026-01-28 |
| 2025-08-04 | $0.12 | 2025-07-23 | 2025-08-04 | 2025-10-28 |
| 2025-05-23 | $0.11 | 2025-05-06 | 2025-05-23 | 2025-07-30 |
| 2025-04-04 | $0.18 | 2025-03-25 | 2025-04-04 | 2025-05-07 |
| 2025-02-21 | $0.07 | 2025-02-11 | 2025-02-21 | 2025-04-29 |
| 2024-12-30 | $0.23 | 2024-12-18 | 2024-12-30 | 2025-01-30 |
| 2024-09-30 | $0.11 | 2024-09-18 | 2024-09-30 | 2024-10-30 |
| 2024-06-27 | $0.11 | 2024-06-17 | 2024-06-27 | 2024-07-30 |
| 2024-03-28 | $0.08 | 2024-03-20 | 2024-04-01 | 2024-04-29 |
| 2023-12-22 | $0.27 | 2023-12-07 | 2023-12-26 | 2024-01-31 |
| 2023-09-28 | $0.17 | 2023-09-19 | 2023-09-29 | 2023-10-30 |
| 2023-06-23 | $0.12 | 2023-06-13 | 2023-06-26 | 2023-07-19 |
| 2023-04-28 | $0.09 | 2023-04-12 | 2023-05-01 | 2023-05-16 |
| 2023-04-11 | $0.25 | 2023-03-31 | 2023-04-12 | 2023-04-25 |
| 2022-12-22 | $0.18 | 2022-12-15 | 2022-12-23 | 2023-01-31 |
| 2022-09-22 | $0.19 | 2022-09-13 | 2022-09-23 | 2022-11-07 |
| 2022-06-24 | $0.10 | 2022-06-17 | 2022-06-27 | 2022-07-27 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for TIMB — it's generated by the pipeline (
market-narrative step).
No community reviews yet for TIMB.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30