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TIM
(NYSE:TIMB)
TIM (TIMB) vs. SPDR S&P 500 ETF (SPY)
TIM Business Overview & Revenue Model
TIM Earnings Call Summary
TIM Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.34B | 25.45B | 23.83B | 21.53B | 18.06B | 17.27B |
| Gross Profit | 14.07B | 13.55B | 12.34B | 10.87B | 9.62B | 9.27B |
| EBITDA | 13.06B | 12.99B | 12.41B | 10.79B | 10.25B | 8.38B |
| Net Income | 4.03B | 3.15B | 2.84B | 1.67B | 2.96B | 1.83B |
Balance Sheet | ||||||
| Total Assets | 57.37B | 56.33B | 55.26B | 56.41B | 49.82B | 8.02B |
| Cash, Cash Equivalents and Short-Term Investments | 6.53B | 5.69B | 5.04B | 4.74B | 9.80B | 894.41M |
| Total Debt | 16.36B | 15.61B | 16.03B | 17.80B | 12.91B | 2.06B |
| Total Liabilities | 32.16B | 29.92B | 29.24B | 31.01B | 24.71B | 3.56B |
| Stockholders Equity | 25.21B | 26.40B | 26.02B | 25.40B | 25.11B | 4.46B |
Cash Flow | ||||||
| Free Cash Flow | 9.12B | 7.78B | 7.92B | 4.43B | 4.62B | 4.78B |
| Operating Cash Flow | 13.69B | 12.33B | 12.42B | 9.16B | 9.91B | 8.67B |
| Investing Cash Flow | -5.07B | -4.95B | -4.68B | -8.35B | -6.52B | -5.45B |
| Financing Cash Flow | -7.23B | -7.20B | -7.21B | -3.49B | -735.37M | -2.93B |
TIM Technical Analysis
TIM Risk Analysis
TIM Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $9.92B | 14.14 | 14.93% | 7.82% | -4.90% | 14.83% | |
77 Outperform | $19.98B | 18.85 | 8.36% | 5.03% | -3.16% | 4.70% | |
75 Outperform | $20.26B | 15.39 | 15.54% | 6.14% | -5.21% | -7.45% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | $7.60B | 19.68 | 4.72% | 5.02% | -8.16% | -52.52% | |
46 Neutral | $9.55B | -24.99 | -7.80% | ― | 4.25% | -103.14% | |
45 Neutral | $22.50B | -10.17 | -0.70% | 7.47% | -5.49% | -75.51% |
TIM Corporate Events
On January 9, 2026, TIM S.A. filed a Form 6-K in the United States disclosing consolidated information on securities and derivative positions held by members of its board of directors, executive management, fiscal council, technical or advisory bodies, controlling shareholder and related parties, in accordance with Brazilian CVM Resolution 44/21. The filing details opening and closing balances, percentage shareholdings, and activities in the month for common registered shares, indicating that most governance bodies and related parties registered either no transactions or negligible percentage stakes, while the controlling shareholder and related parties collectively hold a significant majority of the company’s common shares; this transparency report underscores TIM’s compliance with Brazilian and U.S. capital markets disclosure standards and provides investors with clearer visibility into insider and related-party holdings.
The most recent analyst rating on (TIMB) stock is a Sell with a $24.00 price target. To see the full list of analyst forecasts on TIM stock, see the TIMB Stock Forecast page.
On December 26, 2025, TIM S.A. announced a rectification to the gross dividend amount per share previously disclosed on December 16, 2025, reflecting a change in the number of treasury shares prior to the ex-dividend date of December 19, 2025. The total dividend distribution remains R$1.79 billion, but the gross amount per share was slightly increased from R$0.7482883774 to R$0.7491354635 because the higher volume of treasury shares reduced the number of shares entitled to receive dividends, marginally enhancing the payout per outstanding share. Payment of the dividends is scheduled to occur by December 30, 2025, with only shareholders of record as of December 19, 2025 eligible, underscoring TIM’s ongoing shareholder remuneration policy and the sensitivity of per-share returns to balance-sheet management of treasury stock.
The most recent analyst rating on (TIMB) stock is a Sell with a $24.00 price target. To see the full list of analyst forecasts on TIM stock, see the TIMB Stock Forecast page.
On December 16, 2025, TIM S.A. held a Board of Directors meeting to discuss several key issues, including the approval of profit distribution to shareholders, with dividends and interest on equity to be paid by June 2026. The meeting also covered the company’s industrial plan for 2026-2028, cybersecurity policy amendments, and the cancellation of treasury shares without reducing capital stock. These decisions are expected to strengthen TIM’s financial position and operational efficiency, impacting stakeholders positively by enhancing shareholder value and reinforcing the company’s strategic direction.
The most recent analyst rating on (TIMB) stock is a Sell with a $24.00 price target. To see the full list of analyst forecasts on TIM stock, see the TIMB Stock Forecast page.
On December 16, 2025, TIM S.A. announced the cancellation of 28,678,509 treasury shares, which were acquired under its current Buyback Program. This decision, approved by the Board of Directors, does not affect the company’s capital stock, which remains at 2,392,125,889 common shares. The adjustment will be reflected in the company’s bylaws at the next Shareholders’ Meeting. This move is likely to impact the company’s stock valuation and shareholder returns, as it reduces the number of outstanding shares, potentially increasing the value of remaining shares.
The most recent analyst rating on (TIMB) stock is a Sell with a $24.00 price target. To see the full list of analyst forecasts on TIM stock, see the TIMB Stock Forecast page.
On December 16, 2025, TIM S.A.’s Board of Directors approved the distribution of BRL 2.21 billion as an advance payment of dividends and interest on equity for the fiscal year 2025. This decision aligns with the company’s strategic plan for 2025–2027, which projected a total declared amount of R$4 billion for the year. The dividends and interest on equity will be distributed to shareholders identified by specific dates in December 2025, with payments scheduled by December 30, 2025, and June 30, 2026, respectively. This announcement highlights TIM’s commitment to shareholder returns and its strategic financial planning.
The most recent analyst rating on (TIMB) stock is a Sell with a $24.00 price target. To see the full list of analyst forecasts on TIM stock, see the TIMB Stock Forecast page.
On December 16, 2025, TIM S.A. held a Fiscal Council meeting to discuss the distribution of profits to shareholders and the methodology for annual impairment evaluation. The council approved a proposal to distribute R$1.79 billion in dividends and R$420 million as Interest on Shareholders’ Equity, with payments scheduled by December 30, 2025, and June 30, 2026, respectively. These decisions reflect TIM’s commitment to returning value to shareholders and maintaining transparency in its financial practices.
The most recent analyst rating on (TIMB) stock is a Sell with a $24.00 price target. To see the full list of analyst forecasts on TIM stock, see the TIMB Stock Forecast page.
On December 9, 2025, TIM S.A. reported on its securities and derivatives operations in accordance with CVM resolution 44/21. The report detailed various transactions involving common registered shares and related party transactions, indicating a stable shareholding structure with significant involvement from the board of directors and executive management. This announcement highlights TIM’s ongoing commitment to transparency in its financial dealings, which could reinforce stakeholder confidence and potentially impact its market positioning positively.
The most recent analyst rating on (TIMB) stock is a Buy with a $26.00 price target. To see the full list of analyst forecasts on TIM stock, see the TIMB Stock Forecast page.
On November 27, 2025, TIM S.A. announced the acquisition of V8.Tech, a technology company specializing in digital solutions and managed services, for R$140 million. This strategic move aims to enhance TIM’s B2B capabilities, allowing it to offer comprehensive digital transformation solutions. The acquisition is pending approval from the Administrative Council for Economic Defense (CADE). Additionally, TIM has created a new Vice Presidency for B2B, led by Fabio Costa, to accelerate growth in this sector.
The most recent analyst rating on (TIMB) stock is a Buy with a $26.00 price target. To see the full list of analyst forecasts on TIM stock, see the TIMB Stock Forecast page.
On November 26, 2025, TIM S.A.’s Board of Directors approved a strategic acquisition of V8 Consulting S.A., a technology company specializing in digital solutions integration, for BRL 140 million. This acquisition, pending approval from the Brazilian Antitrust Authority and other conditions, aims to enhance TIM’s capabilities in digital transformation and cloud services, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (TIMB) stock is a Buy with a $26.00 price target. To see the full list of analyst forecasts on TIM stock, see the TIMB Stock Forecast page.
On November 10, 2025, TIM S.A. submitted a report to the U.S. Securities and Exchange Commission, signed by CEO Alberto Mario Griselli. This filing underscores TIM’s commitment to regulatory compliance and transparency in its operations, potentially strengthening its position in the telecommunications sector and reassuring stakeholders of its governance practices.
The most recent analyst rating on (TIMB) stock is a Buy with a $26.00 price target. To see the full list of analyst forecasts on TIM stock, see the TIMB Stock Forecast page.
On November 3, 2025, TIM S.A. held a Fiscal Council meeting to discuss several key issues, including tax, regulatory, civil, and labor contingencies, as well as the company’s quarterly information report for the third quarter of 2025. The meeting, attended by members of the Fiscal Council and representatives from Ernst & Young, concluded that no irregularities were found in the quarterly report, which was deemed appropriate for presentation to the Board of Directors. This meeting underscores TIM S.A.’s commitment to transparency and regulatory compliance, potentially strengthening its position in the telecommunications industry.
The most recent analyst rating on (TIMB) stock is a Buy with a $24.50 price target. To see the full list of analyst forecasts on TIM stock, see the TIMB Stock Forecast page.
On November 3, 2025, TIM S.A. announced the resignation of Mr. Herculano Aníbal Alves from the Board of Directors, effective December 1, 2025. The company has elected Mr. Denísio Augusto Liberato Delfino as his successor, also effective December 1, 2025. Mr. Denísio brings extensive experience in the financial market, having held prominent roles such as CEO of BB Asset Management and director at Previ. His appointment is expected to strengthen TIM’s leadership, given his background in corporate governance and ESG investments.
The most recent analyst rating on (TIMB) stock is a Buy with a $24.50 price target. To see the full list of analyst forecasts on TIM stock, see the TIMB Stock Forecast page.
On November 3, 2025, TIM S.A. held a Board of Directors meeting where several key decisions were made. The meeting acknowledged the activities of the Control and Risks Committee and the Statutory Audit Committee. The Board reviewed the company’s quarterly financial report for Q3 2025 and accepted the resignation of Herculano Aníbal Alves, appointing Denísio Augusto Liberato Delfino as his replacement effective December 1, 2025. Additionally, the Business Support Officer position was dissolved, with its duties redistributed among existing executive officers, reflecting a strategic shift in the company’s organizational structure.
The most recent analyst rating on (TIMB) stock is a Buy with a $24.50 price target. To see the full list of analyst forecasts on TIM stock, see the TIMB Stock Forecast page.
TIM S.A. reported strong financial results for the third quarter of 2025, with a 4.5% year-over-year increase in total net revenue and a 5.2% rise in mobile service revenue. The company achieved its highest net income ever, driven by robust postpaid segment growth and strategic client acquisitions in the B2B sector. TIM’s partnership with IHS Brasil aims to expand its telecommunications infrastructure, supporting its IoT projects and enhancing its market position. The company also announced a significant shareholder remuneration plan and continued focus on operational efficiency to sustain growth and shareholder returns.
The most recent analyst rating on (TIMB) stock is a Buy with a $24.50 price target. To see the full list of analyst forecasts on TIM stock, see the TIMB Stock Forecast page.
TIM S.A. reported a solid financial performance for the first nine months of 2025, with a 5.2% year-over-year increase in service revenue and a 6.7% rise in EBITDA, achieving a 50.3% margin. The company highlighted its leadership in network coverage, particularly in 5G deployment, and its strategic partnership with Vale to implement 5G technology in mining operations. The company’s efforts in customer base management and digital engagement have shown positive results, with significant growth in mobile ads and data monetization. TIM S.A.’s focus on cost control has maintained expenses growth well below inflation, supporting robust margin expansion.
The most recent analyst rating on (TIMB) stock is a Buy with a $24.50 price target. To see the full list of analyst forecasts on TIM stock, see the TIMB Stock Forecast page.
On November 3, 2025, TIM S.A. released its quarterly financial information for the period ending September 30, 2025. The report shows an increase in total assets to 57.37 billion reais from 56.33 billion reais at the end of 2024, indicating growth in the company’s financial standing. Current liabilities rose to 14.68 billion reais, reflecting increased obligations, while shareholders’ equity decreased to 25.21 billion reais. These financial changes suggest a shift in TIM’s financial strategy, potentially impacting its stakeholders and market position.
The most recent analyst rating on (TIMB) stock is a Buy with a $24.50 price target. To see the full list of analyst forecasts on TIM stock, see the TIMB Stock Forecast page.
On October 15, 2025, TIM S.A. announced the anticipation of the third installment of its Additional Dividends payment to October 21, 2025, amounting to R$ 684 million. This payment, initially scheduled for October 23, 2025, maintains the previously informed conditions and follows the first two installments paid earlier in the year. The decision to advance the payment date underscores TIM’s commitment to its shareholders and reflects its robust financial position, potentially enhancing shareholder value and market confidence.
The most recent analyst rating on (TIMB) stock is a Hold with a $21.00 price target. To see the full list of analyst forecasts on TIM stock, see the TIMB Stock Forecast page.