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B3 · BRL

VIVT3

Telefonica Brasil S.A.

R$29.81+0.71% (R$0.21)
Day's range
R$29.70 – R$30.48
Day's volume
R$158.9m
52-week range
R$28.99 – R$43.47

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See how VIVT3 weighs in your net worth, what it has paid you and how far it is from your target allocation.

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VIVT3 in numbers

Market cap
R$96.2bn
P/E
14.58
P/B
1.47
Dividend yield (12m)
8.54%
Net debt/EBITDA
0.55

The 12-month dividend yield of VIVT3 is 8.54%, below its 5-year average of 12.44%.

VIVT3 price history

01/10/202530/09/2026
Compare with

VIVT3 risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-0.15%+59.08%+80.60%
Volatility (annualised)29.64%25.77%23.62%
Largest drawdown-26.84%-26.84%-27.59%
Positive months5/1220/3632/60

How much did investing in VIVT3 return?

R$1,000.00 invested on 01/09/2021 would be worth R$1,972.72 today.

Value today in VIVT3
R$1,972.72
Return over the period
+97.27%
Return per year
+14.56%
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.

VIVT3 fundamentals

Valuation

  • P/E
    14.58
  • P/B
    1.47
  • EV/EBITDA
    4.25
  • EV/EBIT
    10.47
  • EV/Revenue
    1.79
  • P/EBIT
    9.12
  • P/S
    1.56
  • P/OCF
    4.76
  • P/FCF
    8.99
  • Earnings yield
    9.56%
  • PEG ratio
    1.10
  • Earnings per share
    R$2.05
  • Book value per share
    R$20.34

Debt

  • Net debt
    R$14.2bn
  • Net debt/EBITDA
    0.55
  • Net debt/Equity
    0.22
  • Debt/Equity
    0.35
  • Current ratio
    0.95
  • Quick ratio
    0.89
  • Cash ratio
    0.29

Efficiency

  • Gross margin
    45.03%
  • EBITDA margin
    42.02%
  • Operating margin
    17.08%
  • Net margin
    10.69%
  • Asset turnover
    0.48

Profitability

  • ROE
    10.05%
  • ROA
    5.12%
  • ROIC
    11.20%
  • Payout
    124.53%

Growth

  • Revenue CAGR (5 years)
    7.27%
  • Earnings CAGR (5 years)
    6.61%
  • Revenue growth (year)
    6.71%
  • Earnings growth (year)
    11.17%
  • Revenue growth (quarter)
    7.14%
  • Earnings growth (quarter)
    13.13%

What is VIVT3's fair price?

Two classic value formulas, with today's numbers. The current price is R$29.81.

Graham's fair price
R$30.59
2.63% above the price

√(22.50 × R$2.05 × R$20.34)

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$50.15
68.22% above the price

R$3.01 (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.

VIVT3 indicators by year

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

Indicator20252024202320222021202020192018
P/E17.3227.4917.5615.7413.0616.4816.587.82
P/B1.552.191.270.941.161.131.180.98
EV/EBITDA4.967.444.994.424.864.955.324.25
Dividend yield9.29%10.77%9.66%19.47%13.02%13.81%15.90%12.40%
Earnings per shareR$1.91R$1.70R$3.04R$2.44R$3.69R$2.82R$2.96R$5.28
Book value per shareR$21.39R$21.40R$42.13R$40.82R$41.40R$41.13R$41.67R$42.35
ROE8.94%7.95%7.22%5.97%8.91%6.86%7.10%12.47%
ROIC9.82%8.14%8.16%6.21%8.70%6.61%6.72%9.65%
Gross margin44.75%43.86%43.54%42.90%43.72%47.38%49.94%51.62%
EBITDA margin41.62%40.96%40.90%40.09%43.43%41.30%40.97%41.00%
Net margin10.35%9.93%9.65%8.50%14.17%11.06%11.30%20.54%
Net debt/EBITDA0.660.780.851.080.600.530.750.33

VIVT3 financial statements

Line202520242023202220212020
Net revenueR$59.6bnR$55.8bnR$52.1bnR$48bnR$44bnR$43.1bn
Cost of sales-R$32.9bn-R$31.4bn-R$29.4bn-R$27.4bn-R$24.8bn-R$22.7bn
Gross profitR$26.7bnR$24.5bnR$22.7bnR$20.6bnR$19.3bnR$20.4bn
EBITDAR$24.8bnR$22.9bnR$21.3bnR$19.3bnR$19.1bnR$17.8bn
EBITR$9.9bnR$8.7bnR$7.9bnR$6.6bnR$7.1bnR$6.6bn
Net finance result-R$2.6bn-R$1.9bn-R$2.3bn-R$1.8bn-R$1.1bn-R$573.4m
Profit before taxR$7.3bnR$6.8bnR$5.6bnR$4.8bnR$6bnR$6bn
Income tax-R$1.1bn-R$1.2bn-R$533.9m-R$773.7mR$269.8m-R$1.2bn
Net incomeR$6.2bnR$5.5bnR$5bnR$4.1bnR$6.2bnR$4.8bn

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

VIVT3 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
VIVT3Telefônica Brasil14.581.478.54%10.05%R$96.2bn
TIMS3TIM S.A.10.421.807.81%17.29%R$44.8bn
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 VIVT3 pay dividends?

Announced payments
TypeLast day to ownPaymentPer share
Interest on equity25/09/202630/04/2027R$0.16
Interest on equity26/08/202630/04/2027R$0.11
Interest on equity27/07/202630/04/2027R$0.16
Interest on equity26/06/202630/04/2027R$0.07
Interest on equity27/05/202630/04/2027R$0.19
Interest on equity27/04/202630/04/2027R$0.11
Interest on equity25/03/202630/04/2027R$0.06
Interest on equity23/02/202630/04/2027R$0.10

Dividend yield per year

  • 11.02%2017
  • 12.40%2018
  • 15.90%2019
  • 13.81%2020
  • 13.02%2021
  • 19.47%2022
  • 9.66%2023
  • 10.77%2024
  • 9.29%2025
  • 7.57%2026
Payment history
TypeLast day to ownPaymentPer share
Other22/05/202614/07/2026R$1.25
Interest on equity29/12/202514/04/2026R$0.11
Interest on equity24/11/202514/04/2026R$0.11
Interest on equity27/10/202514/04/2026R$0.12
Interest on equity22/09/202514/04/2026R$0.12
Interest on equity25/08/202514/04/2026R$0.08
Interest on equity25/07/202514/04/2026R$0.10
Interest on equity23/06/202514/04/2026R$0.06
Interest on equity22/05/202514/04/2026R$0.15
Interest on equity11/04/202514/04/2026R$0.15
Interest on equity24/03/202502/12/2025R$0.12
Interest on equity24/02/202502/12/2025R$0.11
See all 153 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Other27/02/202515/07/2025R$1.23
Interest on equity29/04/202430/04/2025R$0.23
Interest on equity26/12/202408/04/2025R$0.74
Interest on equity26/08/202408/04/2025R$0.24
Interest on equity26/07/202408/04/2025R$0.40
Interest on equity26/06/202417/12/2024R$0.11
Interest on equity28/03/202417/12/2024R$0.18
Other10/04/202410/07/2024R$0.91
Interest on equity23/10/202330/04/2024R$0.09
Interest on equity31/08/202330/04/2024R$0.16
Interest on equity31/07/202330/04/2024R$0.24
Interest on equity26/12/202323/04/2024R$0.51
Interest on equity22/09/202323/04/2024R$0.12
Interest on equity31/05/202323/04/2024R$0.19
Interest on equity31/03/202318/10/2023R$0.17
Interest on equity28/02/202318/10/2023R$0.06
Dividend13/04/202318/07/2023R$0.50
Dividend29/12/202218/07/2023R$0.60
Interest on equity29/12/202218/04/2023R$0.43
Interest on equity31/08/202218/04/2023R$0.18
Interest on equity30/06/202218/04/2023R$0.29
Interest on equity29/04/202218/04/2023R$0.09
Interest on equity31/03/202218/04/2023R$0.15
Interest on equity25/02/202218/04/2023R$0.11
Dividend26/04/202218/10/2022R$1.21
Dividend27/12/202118/10/2022R$0.89
Interest on equity27/12/202119/07/2022R$0.48
Interest on equity30/09/202119/07/2022R$0.36
Interest on equity30/06/202119/07/2022R$0.37
Interest on equity30/04/202119/07/2022R$0.17
Interest on equity31/03/202119/07/2022R$0.16
Interest on equity26/02/202119/07/2022R$0.09
Dividend15/04/202105/10/2021R$0.94
Dividend28/12/202005/10/2021R$0.71
Interest on equity28/12/202013/07/2021R$0.15
Interest on equity27/11/202013/07/2021R$0.24
Interest on equity28/09/202013/07/2021R$0.36
Interest on equity30/06/202013/07/2021R$0.50
Interest on equity31/03/202013/07/2021R$0.08
Interest on equity28/02/202013/07/2021R$0.15
Dividend28/05/202009/12/2020R$1.22
Interest on equity30/12/201918/08/2020R$0.19
Dividend30/12/201918/08/2020R$0.56
Interest on equity28/06/201918/08/2020R$0.54
Interest on equity30/04/201918/08/2020R$0.32
Interest on equity28/02/201918/08/2020R$0.39
Dividend11/04/201917/12/2019R$1.37
Interest on equity17/12/201817/12/2019R$0.75
Interest on equity17/09/201820/08/2019R$1.56
Interest on equity29/06/201820/08/2019R$0.22
Dividend12/04/201811/12/2018R$1.22
Interest on equity26/12/201721/08/2018R$0.83
Interest on equity29/09/201721/08/2018R$0.17
Interest on equity30/06/201721/08/2018R$0.05
Interest on equity31/03/201721/08/2018R$0.19
Interest on equity24/02/201721/08/2018R$0.10
Dividend26/04/201713/12/2017R$1.06
Interest on equity30/12/201613/12/2017R$0.34
Interest on equity30/09/201622/08/2017R$0.36
Interest on equity30/06/201622/08/2017R$0.09
Interest on equity29/04/201622/08/2017R$0.12
Interest on equity31/03/201622/08/2017R$0.19
Interest on equity29/02/201622/08/2017R$0.11
Dividend28/04/201613/12/2016R$0.71
Interest on equity30/12/201513/12/2016R$0.17
Interest on equity30/11/201513/12/2016R$0.13
Interest on equity30/10/201513/12/2016R$0.05
Interest on equity30/09/201513/12/2016R$0.08
Interest on equity31/08/201523/08/2016R$0.13
Interest on equity31/07/201523/08/2016R$0.12
Dividend25/05/201523/08/2016R$0.17
Interest on equity25/05/201523/08/2016R$0.32
Dividend09/04/201509/12/2015R$0.02
Dividend10/02/201509/12/2015R$1.58
Dividend10/02/201512/06/2015R$0.71
Interest on equity30/12/201412/06/2015R$0.40
Interest on equity28/11/201412/06/2015R$0.39
Interest on equity31/10/201412/06/2015R$0.26
Interest on equity30/09/201419/12/2014R$0.21
Interest on equity29/08/201419/12/2014R$0.25
Interest on equity31/07/201419/12/2014R$0.25
Dividend23/04/201427/05/2014R$0.11
Dividend10/03/201427/03/2014R$0.87
Interest on equity30/12/201314/02/2014R$0.63
Interest on equity31/10/201326/11/2013R$0.45
Dividend31/10/201326/11/2013R$0.62
Interest on equity30/09/201326/11/2013R$0.18
Interest on equity30/08/201326/11/2013R$0.18
Dividend16/04/201326/11/2013R$1.25
Dividend21/01/201318/02/2013R$1.38
Dividend23/11/201212/12/2012R$0.94
Dividend11/04/2012—R$1.63
Interest on equity29/12/2011—R$0.51
Interest on equity30/09/2011—R$1.04
Dividend30/09/2011—R$0.32
Dividend18/03/2011—R$3.14
Interest on equity30/12/2010—R$0.37
Interest on equity30/09/2010—R$0.72
Dividend30/09/2010—R$0.36
Dividend07/04/2010—R$1.48
Dividend07/04/2010—R$0.84
Interest on equity30/12/2009—R$0.38
Interest on equity30/09/2009—R$0.74
Dividend18/05/2009—R$0.87
Dividend25/03/2009—R$0.73
Interest on equity30/12/2008—R$0.77
Dividend24/11/2008—R$2.02
Dividend20/05/2008—R$0.90
Interest on equity20/05/2008—R$0.37
Dividend26/03/2008—R$0.65
Interest on equity28/12/2007—R$0.39
Dividend07/11/2007—R$2.93
Interest on equity07/11/2007—R$0.39
Interest on equity30/04/2007—R$0.41
Dividend29/03/2007—R$1.31
Interest on equity28/12/2006—R$0.22
Dividend13/11/2006—R$2.19
Interest on equity13/11/2006—R$0.69
Dividend23/05/2006—R$2.17
Interest on equity23/05/2006—R$0.54
Interest on equity29/12/2005—R$0.72
Dividend19/09/2005—R$2.46
Interest on equity19/09/2005—R$0.46
Interest on equity29/04/2005—R$0.68
Dividend01/04/2005—R$2.85
Dividend05/10/2004—R$3.03
Interest on equity05/10/2004—R$1.13
Dividend07/04/2004—R$1.17
Interest on equity07/04/2004—R$0.56
Interest on equity29/12/2003—R$2.09
Dividend02/10/2003—R$3.43
Dividend04/04/2003—R$1.70
Dividend27/03/2003—R$0.09
Interest on equity23/12/2002—R$1.19
Dividend04/10/2002—R$0.69
Interest on equity28/12/2001—R$2.15
Interest on equity28/12/2000—R$1.66
Dividend13/03/2000—R$0.14
Interest on equity30/12/1999—R$2.19
Interest on equity30/12/1998—R$0.79
Interest on equity30/12/1998—R$0.68
Splits, share consolidations and bonus shares
EventLast day to ownRatio
Split15/04/20252 for 1
Split14/04/202580 for 1
Share consolidation14/04/20251 for 40
Share consolidation27/06/20051 for 1000

About Telefônica Brasil

Sector
Telecomunicações
Segment
Telecomunicações
Listing segment
Traditional
Tag along
80.00%
Free float
21.92%
Shares issued
3.23bn ordinary
Average daily trading
R$164.5m
Ibovespa weight
0.81%
Listed since
21/09/1998
CNPJ
02.558.157/0001-62

A Telefônica Brasil S.A., listada na B3 sob o ticker VIVT3, foi constituída em 1998 e atua no setor de telecomunicações no Brasil com a marca comercial Vivo. A companhia integra o grupo espanhol Telefónica e opera serviços de conectividade para consumidores e empresas. As operações incluem telefonia móvel, telefonia fixa, banda larga, transmissão de dados e serviços digitais associados. A empresa mantém rede de infraestrutura para oferta de serviços convergentes e monetização em diferentes segmentos de clientes. No ambiente competitivo, a Telefônica Brasil disputa mercado com outras operadoras nacionais em mobilidade, fibra e serviços corporativos. O desempenho é influenciado por competição de preços, investimento em rede e evolução regulatória do setor de telecom. A companhia possui atuação nacional e base de clientes de grande escala. Em termos operacionais, reporta dezenas de milhões de acessos e cerca de 34 mil empregados, com presença ampla em centros urbanos e expansão contínua da infraestrutura de telecomunicações.

Investor website
ShareholdersAs of 31/12/2026, from the Formulário de Referência filed with the CVM.
ShareholderOrdinaryPreferredTotal
Telefónica S.A.Controlling39.32%0.00%39.32%
Telefónica Latinoamérica Holding, S.L.Controlling37.80%0.00%37.80%
Outros21.92%0.00%21.92%
Ações Tesouraria0.96%0.00%0.96%

Questions about VIVT3

How much is VIVT3 today?

VIVT3 is at R$29.81 (0.71% on the day), last traded on 30/09/2026.

How much did VIVT3 pay in dividends in 2025?

VIVT3 paid R$3.08 per share in 2025, a dividend yield of 9.29%.

When is the next VIVT3 dividend?

The next announced payment is R$0.16 per share on 30/04/2027.

What are the P/E and P/B of VIVT3?

VIVT3 trades at a P/E of 14.58 and a P/B of 1.47.

How much did VIVT3 return in 12 months?

VIVT3 returned -0.15% in 12 months, with annualised volatility of 29.64% and a largest drawdown of -26.84%.

What sector is VIVT3 in?

Telefônica Brasil is in the Telecomunicações sector, Telecomunicações segment.