TIMB

TIM ParticipacoesB

NYSE / Telecommunication Services

At close

2026-07-21

Current thesis

The bull case is that 1Q26 showed a credible start to management's 2026 plan: service revenue rose 6.5% YoY, postpaid revenue rose 7.5%, Ultrafibra revenue rose 11.4%, EBITDA-AL margin expanded to 37.1%, and net leverage remained low at about 0.82x total net debt to normalized EBITDA [#PR-1Q26-2026-05-05].

Posture

Constructive

Lead driver

Value

What changed

Value remains the lead driver in the composite, 7D delta +0.1.

What can break

Bad debt rose as postpaid became a larger share of the base, creating a credit-quality and collections risk if macro conditions soften.

Momentum

Value

Sentiment

Setup hits (3d)

0 · Net Neutral

AI TargetsBase $24.00 · Bull $28.00 · Bear $20.00

Data freshness

Prices

As of 2026-07-21

Fundamentals

As of 2026-07-21 • Vendor: Data Vendor v1

Scores

As of 2026-07-21 • Model: HYBRID_IC_RP

AI Memo

As of 2026-05-07 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-07-21

Supporting evidence

What

Grade B · Constructive

Confidence Medium · Net Neutral

Target $25.78

Why

Momentum55 · Δ7d +30.8

Value64 · Δ7d +0.1

Sentiment54 · Δ7d -5.2

So what

Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.

Lead driver: Value · See fundamentals

Momentum

26% active weight

Current posture

7d trendImproving

Δ7d

+30.8

Δ21d

+23.2

Value

39% active weight

Current posture

7d trendFlat

Δ7d

+0.1

Δ21d

-1.3

Sentiment

34% active weight

Current posture

7d trendSoftening

Δ7d

-5.2

Δ21d

-7.4

Why this grade

Composite grade B. Momentum 54.8 / Value 63.6 / Sentiment 54.1

Fundamentals (TTM)

As of 2026-07-21

Market Cap

$10.63B

Beta

0.57

Shares Out

477.73M

P/E (TTM)

13.0

P/S (TTM)

1.96

P/FCF (TTM)

9.03

Rev YoY

+18.4%

EPS YoY

+15.5%

Gross Margin

+50.8%

Op Margin

+23.1%

Net Debt

$1.95B

Current Ratio

0.92

As of 2026-07-21 • Updated nightlySource: Internal modelMethodology