B3 · BRL

TIMS3

TIM S.A.

R$18.33-1.08% (-R$0.20)
Day's range
R$18.33 – R$19.08
Day's volume
R$223.3m
52-week range
R$17.85 – R$28.74

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TIMS3 in numbers

Market cap
R$43.6bn
P/E
10.14
P/B
1.75
Dividend yield (12m)
8.03%
Net debt/EBITDA
-0.06

The 12-month dividend yield of TIMS3 is 8.03%, above its 5-year average of 6.19%.

TIMS3 price history

01/10/202530/09/2026
Compare with

TIMS3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-19.35%+52.54%+146.30%
Volatility (annualised)32.56%28.01%27.18%
Largest drawdown-32.64%-32.64%-32.64%
Positive months5/1222/3636/60

How much did investing in TIMS3 return?

R$1,000.00 invested on 01/09/2021 would be worth R$2,408.31 today.

Value today in TIMS3
R$2,408.31
Return over the period
+140.83%
Return per year
+19.22%
In the Ibovespa
R$1,657.66

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

TIMS3 fundamentals

Valuation

  • P/E
    10.14
  • P/B
    1.75
  • EV/EBITDA
    3.12
  • EV/EBIT
    —
  • EV/Revenue
    1.57
  • P/EBIT
    —
  • P/S
    1.60
  • P/OCF
    3.18
  • P/FCF
    4.57
  • Earnings yield
    —
  • PEG ratio
    0.53
  • Earnings per share
    R$1.81
  • Book value per share
    R$10.46

Debt

  • Net debt
    -R$770.2m
  • Net debt/EBITDA
    -0.06
  • Net debt/Equity
    -0.03
  • Debt/Equity
    0.15
  • Current ratio
    0.85
  • Quick ratio
    0.82
  • Cash ratio
    0.31

Efficiency

  • Gross margin
    54.72%
  • EBITDA margin
    50.29%
  • Operating margin
    24.56%
  • Net margin
    15.84%
  • Asset turnover
    0.48

Profitability

  • ROE
    17.29%
  • ROA
    7.56%
  • ROIC
    —
  • Payout
    81.42%

Growth

  • Revenue CAGR (5 years)
    —
  • Earnings CAGR (5 years)
    —
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    4.83%
  • Earnings growth (quarter)
    19.29%

What is TIMS3's fair price?

Two classic value formulas, with today's numbers. The current price is R$18.33.

Graham's fair price
R$20.63
12.53% above the price

√(22.50 × R$1.81 × R$10.46)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
R$17.46
4.77% below the price

R$1.05 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

TIMS3 indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E——15.3017.9710.7619.24171.7018.48
P/B2.131.331.671.181.271.5330.051.46
EV/EBITDA——3.723.212.923.9868.1318.58
Dividend yield10.33%7.89%5.17%4.20%3.36%3.18%1.97%2.00%
Earnings per shareR$0.00R$0.00R$1.17R$0.69R$1.22R$0.76R$0.09R$0.64
Book value per shareR$10.02R$10.91R$10.75R$10.49R$10.37R$9.58R$0.52R$8.10
ROE0.00%0.00%10.91%6.58%11.78%7.95%17.50%7.91%
ROIC0.00%0.00%15.80%11.20%17.19%12.38%17.52%3.50%
Gross margin——51.76%50.51%53.25%53.69%57.22%54.11%
EBITDA margin——49.65%46.39%52.32%48.31%55.91%45.01%
Net margin——11.90%7.76%16.38%10.68%22.21%45.54%
Net debt/EBITDA——0.050.20-0.45-0.28-0.09-0.12

TIMS3 financial statements

Line202520242023202220212020
Net revenueR$0R$0R$23.8bnR$21.5bnR$18.1bnR$17.3bn
Cost of salesR$0R$0-R$11.5bn-R$10.7bn-R$8.4bn-R$8bn
Gross profitR$0R$0R$12.3bnR$10.9bnR$9.6bnR$9.3bn
EBITDAR$0R$0R$11.8bnR$10bnR$9.4bnR$8.3bn
EBITR$0R$0R$4.7bnR$3.2bnR$3.8bnR$2.8bn
Net finance resultR$0R$0-R$1.5bn-R$1.4bn-R$652.8m-R$807.3m
Profit before taxR$0R$0R$3.2bnR$1.7bnR$3.1bnR$2bn
Income taxR$0R$0-R$346.6m-R$50.2m-R$146.1m-R$164m
Net incomeR$0R$0R$2.8bnR$1.7bnR$3bnR$1.8bn

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

TIMS3 against its sector

The same indicators for the company's other shares and the sector's largest stocks.

StockP/EP/BDividend yield (12m)ROEMarket cap
TIMS3Tim10.141.758.03%17.29%R$43.6bn
VIVT3TELEFÔNICA BRASIL S.A14.581.478.54%10.05%R$96.2bn
DESK3DESKTOP S.A.40.501.580.95%3.91%R$2.3bn
FIQE3UNIFIQUE TELECOMUNICAÇÕES S.A.9.011.6613.58%18.40%R$2bn
TELB4TELEC BRASILEIRAS S.A. TELEBRAS6.710.550.00%8.14%R$1.9bn
TELB3TELEC BRASILEIRAS S.A. TELEBRAS15.101.230.00%8.14%R$1.9bn

Does TIMS3 pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Interest on equity22/09/202622/01/2027R$0.22

Dividend yield per year

  • 1.07%2017
  • 2.00%2018
  • 1.97%2019
  • 3.18%2020
  • 3.36%2021
  • 4.20%2022
  • 5.17%2023
  • 7.89%2024
  • 10.33%2025
  • 4.96%2026
Payment history
TypeLast day to ownPaymentPer share
Interest on equity22/06/202622/07/2026R$0.17
Interest on equity22/12/202530/06/2026R$0.18
Interest on equity23/03/202622/04/2026R$0.16
Interest on equity31/03/202522/04/2026R$0.20
Interest on equity26/09/202521/01/2026R$0.20
Dividend19/12/202530/12/2025R$0.75
Interest on equity25/07/202521/10/2025R$0.13
Dividend03/04/202521/10/2025R$0.28
Interest on equity21/05/202523/07/2025R$0.12
Dividend03/04/202523/07/2025R$0.28
Dividend03/04/202522/04/2025R$0.28
Interest on equity17/02/202522/04/2025R$0.08
See all 47 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Interest on equity23/12/202423/01/2025R$0.27
Interest on equity23/09/202423/10/2024R$0.12
Dividend09/04/202422/10/2024R$0.18
Interest on equity21/06/202423/07/2024R$0.12
Dividend09/04/202423/07/2024R$0.18
Dividend09/04/202422/04/2024R$0.18
Interest on equity22/03/202422/04/2024R$0.08
Interest on equity21/12/202323/01/2024R$0.27
Interest on equity21/09/202323/10/2023R$0.18
Interest on equity22/06/202312/07/2023R$0.12
Interest on equity25/04/202309/05/2023R$0.10
Dividend10/04/202318/04/2023R$0.25
Interest on equity21/12/202224/01/2023R$0.19
Interest on equity21/09/202224/01/2023R$0.10
Interest on equity21/09/202231/10/2022R$0.10
Interest on equity23/06/202220/07/2022R$0.11
Interest on equity28/03/202227/04/2022R$0.08
Interest on equity20/12/202125/01/2022R$0.23
Interest on equity29/09/202127/10/2021R$0.06
Interest on equity21/06/202120/07/2021R$0.14
Interest on equity18/12/202022/01/2021R$0.24
Interest on equity19/10/202010/11/2020R$0.21
Interest on equity07/10/201931/03/2020R$0.16
Interest on equity17/01/202029/01/2020R$0.10
Interest on equity09/08/201908/10/2019R$0.15
Interest on equity02/01/201924/01/2019R$0.16
Interest on equity25/07/201812/11/2018R$0.10
Interest on equity11/05/201810/08/2018R$0.10
Dividend19/04/201819/06/2018R$0.04
Interest on equity14/11/201724/11/2017R$0.08
Dividend19/04/201719/06/2017R$0.06
Dividend12/04/201610/06/2016R$0.19
Dividend12/05/201516/06/2015R$0.15
Dividend11/04/201211/06/2012R$0.22
Dividend11/04/201110/06/2011R$0.20
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Split02/07/2025100 for 1
Share consolidation02/07/20251 for 100
Share consolidation03/07/20071 for 1000

About Tim

Sector
Telecomunicações
Segment
Telecomunicações
Listing segment
Novo Mercado
Tag along
100.00%
Free float
32.45%
Shares issued
2.38bn ordinary
Average daily trading
R$151.3m
Ibovespa weight
0.56%
Listed since
13/10/2020
CNPJ
02.421.421/0001-11

A TIM S.A. é uma operadora brasileira de telecomunicações, com foco em serviços móveis de voz e dados para clientes de varejo e corporativos. A companhia também atua com conectividade fixa em mercados selecionados e produtos digitais associados à sua base de assinantes. A operação brasileira foi fundada em 1995 e é controlada por grupo internacional do setor de telecomunicações. A empresa expandiu cobertura nacional ao longo das últimas décadas e participa do processo de evolução tecnológica da indústria, incluindo redes de quarta e quinta gerações. Listada na B3, a TIM combina receita de planos pós-pagos e pré-pagos, venda de serviços de dados e ofertas convergentes. Sua estratégia comercial inclui eficiência de rede, monetização de base de clientes e serviços digitais complementares.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
TIM Brasil Serviços e Participações S.A.Controlling67.39%0.00%67.39%
Outros32.47%0.00%32.47%
Ações Tesouraria0.15%0.00%0.15%

Questions about TIMS3

How much is TIMS3 today?

TIMS3 is at R$18.33 (-1.08% on the day), last traded on 30/09/2026.

How much did TIMS3 pay in dividends in 2025?

TIMS3 paid R$2.20 per share in 2025, a dividend yield of 10.33%.

When is the next TIMS3 dividend?

The next announced payment is R$0.22 per share on 22/01/2027.

What are the P/E and P/B of TIMS3?

TIMS3 trades at a P/E of 10.14 and a P/B of 1.75.

How much did TIMS3 return in 12 months?

TIMS3 returned -19.35% in 12 months, with annualised volatility of 32.56% and a largest drawdown of -32.64%.

What sector is TIMS3 in?

Tim is in the Telecomunicações sector, Telecomunicações segment.