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TIM S.A. (TIMS3.SA)

BRL22.60 +0.14 (+0.62%)
BR SAO Communication Services Telecommunications Services
Address João Cabral de Melo Neto Avenue 22775-057
Rio De Janeiro, RJ, BR
CEO Alberto Mario Griselli
Website tim.com.br
IPO 2005-07-08
ISIN BRTIMSACNOR5

Explore sections of this company profile

Also trades on B3 S.A. · TIMS3.SA (BRL) New York Stock Exchange · TIMB (USD) Warsaw Stock Exchange · TIM.WA (PLN)
Description

TIM S.A. operates as a prominent telecommunications provider in Brazil, offering a diverse array of services to both individual customers and businesses of all scales. Its core activities include mobile voice and data communication, high-speed broadband internet access, and a variety of value-added services. The company's service portfolio further extends to fixed-line ultra-broadband and TIM Live solutions, leveraging WTTx technology through its Ultrafibra brand, and specialized Internet of Things (IoT) offerings. Beyond connectivity, TIM S.A. integrates digital content and services within its package options. It also engages in the retail of mobile devices and accessories, distributing them via its network of proprietary stores, exclusive franchises, and authorized dealers. Furthermore, the company provides co-billing services to other telecommunications operators. By December 31, 2021, TIM S.A. had amassed a substantial subscriber base of 52.6 million customers. The company maintains its headquarters in Rio de Janeiro, Brazil, and operates as a subsidiary of TIM Brasil Serviços e Participações S.A.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
BRL22.60 +0.14 (+0.62%)
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Volume Profile
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Liquidity & share structure
Average Volume
6M
Beta
0.11
Float Shares
759.18M
Free Float %
31.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.87% -2.49% -16.48% -16.82% -7.76% +4.90% +16.05% +63.66% +86.68% +207.17% +500.53%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (3 ratings, all time) Buy
Price Targets & DCF
Current price
22.60
DCF (Unlevered) 123.64 +447.1%
DCF (Levered) 120.89 +434.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 29% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 3 -1
Hold 9 0
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
1.86
Grey zone
Piotroski F-Score
9 / 9
Strong
MOAT Score
6 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Telecommunications Services: +7.0%
    +4.6% Q1'26: +6.5% (vs Q1'25)
  • EPS growth Telecommunications Services: +15.8%
    +37.7% Q1'26: +3.0% (vs Q1'25)
  • FCF margin FCF growth · Telecommunications Services: +29.4%
    +20.3% Q1'26: +19.3% (vs Q1'25)
  • EBIT margin Telecommunications Services: +14.7%
    +24.4% Q1'26: +23.9% (vs Q1'25)
  • ROIC Telecommunications Services: +6.4%
    +13.1% Q1'26: +15.3% (vs Q1'25)
  • Share dilution Telecommunications Services: +0.0%
    -0.2% Q1'26: -1.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Telecommunications Services: 1.26×
    2.11× Q1'26: 1.24× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.66) × ERP
WACC = 66% × Ke + 34% × Kd (7.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 58.46 Current price: 22.60
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
4 Rev. Ana.
4 EPS Ana.
Dec 2027
14 Rev. Ana.
6 EPS Ana.
Dec 2028
10 Rev. Ana.
3 EPS Ana.
Dec 2029
5 Rev. Ana.
1 EPS Ana.
Revenue
17.14B
est: 17.89B (-4.2%)
15.62B
est: 15.37B (+1.6%)
16.23B
est: 16.18B (+0.3%)
16.98B
est: 17.01B (-0.1%)
17.38B
est: 17.51B (-0.8%)
17.27B
est: 17.27B (0.0%)
18.06B
est: 18.25B (-1.1%)
21.53B
est: 21.49B (+0.2%)
23.83B
est: 24.73B (-3.6%)
25.45B
est: 25.73B (-1.1%)
26.62B
est: 26.53B (+0.4%)
27.85B
27.69B – 27.99B
+5.0% YoY
29.10B
26.34B – 29.68B
+4.5% YoY
30.29B
30.28B – 30.30B
+4.1% YoY
32.49B
30.83B – 32.89B
+7.2% YoY
EBITDA
6.74B
est: 9.10B (-25.9%)
5.34B
est: 7.82B (-31.6%)
6.04B
est: 8.23B (-26.6%)
6.35B
est: 8.65B (-26.6%)
10.66B
est: 8.90B (+19.7%)
8.38B
est: 8.78B (-4.6%)
10.25B
est: 9.28B (+10.5%)
10.16B
est: 10.93B (-7.1%)
12.17B
est: 12.70B (-4.1%)
12.91B
est: 13.21B (-2.3%)
13.57B
est: 13.62B (-0.4%)
14.30B
14.22B – 14.37B
+5.0% YoY
14.94B
13.52B – 15.24B
+4.5% YoY
15.55B
15.55B – 15.56B
+4.1% YoY
16.68B
15.83B – 16.89B
+7.2% YoY
EBIT
3.80B
est: 3.63B (+4.5%)
1.74B
est: 3.12B (-44.3%)
2.02B
est: 3.29B (-38.5%)
2.39B
est: 3.45B (-30.7%)
5.53B
est: 3.56B (+55.4%)
2.85B
est: 3.51B (-18.8%)
4.56B
est: 3.71B (+23.0%)
3.33B
est: 4.36B (-23.7%)
5.06B
est: 6.68B (-24.3%)
5.88B
est: 6.95B (-15.4%)
6.49B
est: 7.17B (-9.5%)
7.53B
7.48B – 7.56B
+5.0% YoY
7.86B
7.12B – 8.02B
+4.5% YoY
8.19B
8.18B – 8.19B
+4.1% YoY
8.78B
8.33B – 8.89B
+7.2% YoY
Net Income
2.07B
est: 1.67B (+23.9%)
750.43M
est: 594.35M (+26.3%)
1.23B
est: 941.75M (+31.1%)
2.55B
est: 2.04B (+24.9%)
3.62B
est: 2.28B (+58.7%)
1.83B
est: 1.50B (+21.8%)
2.96B
est: 2.09B (+41.5%)
1.67B
est: 1.54B (+8.2%)
2.84B
est: 3.10B (-8.4%)
3.15B
est: 2.99B (+5.3%)
4.31B
est: 3.98B (+8.5%)
4.58B
4.35B – 4.80B
+15.1% YoY
5.42B
4.74B – 6.11B
+18.5% YoY
5.80B
5.51B – 6.29B
+7.0% YoY
8.33B
7.78B – 8.47B
+43.6% YoY
SGA
5.70B
est: 4.72B (+20.8%)
5.52B
est: 4.06B (+36.0%)
5.42B
est: 4.27B (+26.9%)
5.89B
est: 4.49B (+31.2%)
5.95B
est: 4.62B (+28.7%)
5.37B
est: 4.56B (+17.7%)
5.74B
est: 4.82B (+19.1%)
5.72B
est: 5.67B (+0.9%)
5.21B
est: 6.42B (-18.8%)
5.26B
est: 6.68B (-21.3%)
7.69B
est: 6.89B (+11.7%)
7.23B
7.19B – 7.27B
+5.0% YoY
7.55B
6.84B – 7.70B
+4.5% YoY
7.86B
7.86B – 7.86B
+4.1% YoY
8.43B
8.00B – 8.54B
+7.2% YoY
EPS
0.86
est: 0.69 (+24.5%)
0.31
est: 0.25 (+26.2%)
0.51
est: 0.39 (+31.1%)
1.05
est: 0.84 (+24.7%)
1.50
est: 0.94 (+59.1%)
0.76
est: 0.62 (+22.5%)
1.22
est: 0.86 (+41.2%)
0.69
est: 0.66 (+4.5%)
1.17
est: 1.28 (-8.6%)
1.30
est: 1.27 (+2.2%)
1.79
est: 1.69 (+6.0%)
1.86
1.80 – 1.99
+10.3% YoY
2.19
1.96 – 2.53
+17.4% YoY
2.47
2.28 – 2.61
+12.8% YoY
3.45
3.22 – 3.51
+39.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-07 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-05-06 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-05-05 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-05-04 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-04-30 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-04-29 A- 4/5 5/5 4/5 5/5 1/5 3/5 2/5
2026-04-28 A- 4/5 5/5 4/5 5/5 1/5 3/5 2/5
2026-04-27 A- 4/5 5/5 4/5 5/5 1/5 3/5 2/5
2026-04-24 A- 4/5 5/5 4/5 5/5 1/5 3/5 2/5
2026-04-23 A- 4/5 5/5 4/5 5/5 1/5 3/5 2/5
2026-04-22 A- 4/5 5/5 4/5 5/5 1/5 3/5 2/5
2026-04-20 A- 4/5 5/5 4/5 5/5 1/5 3/5 2/5
2026-04-17 A- 4/5 5/5 4/5 5/5 1/5 3/5 2/5
2026-04-16 A- 4/5 5/5 4/5 5/5 1/5 3/5 2/5
2026-04-15 A- 4/5 5/5 4/5 5/5 1/5 3/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
10.25B
OE per share TTM
4.26
Owner's Yield
18.64%
Maintenance CapEx ratio
116.91%
Maint CapEx / Avg PPE
96.6%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
731.2K
Shares Outstanding
2.39B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Alberto Mario Griselli President, Chief Executive Officer & Director male
Andrea Palma Viegas Marques Chief Financial Officer female
Fabiane Reschke Legal Officer & Secretary female
Lima Auana Mattar Chief Information Officer female
Marcos Antonio Lacerda De Athayde Jr. Vice President of Brand & Communication
Maria Antonietta Russo People, Culture & Organization Officer female
Renato Ciuchini Vice President, Chief New Bossiness & Innovation Officer male
Vicente de Moraes Ferreira Investor Relations Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits