Gogo (NASDAQ:GOGO) vs. VEON (NASDAQ:VEON) Financial Comparison

VEON (NASDAQ:VEON) and Gogo (NASDAQ:GOGO) are both communication services companies, but which is the better business? We will compare the two companies based on the strength of their analyst recommendations, institutional ownership, valuation, earnings, risk, dividends and profitability.

Volatility and Risk

VEON has a beta of 1.63, suggesting that its share price is 63% more volatile than the S&P 500. Comparatively, Gogo has a beta of 1.03, suggesting that its share price is 3% more volatile than the S&P 500.

Analyst Ratings

This is a breakdown of recent ratings and target prices for VEON and Gogo, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
VEON	0	2	3	0	2.60
Gogo	2	2	1	0	1.80

VEON presently has a consensus price target of $72.00, suggesting a potential downside of 2.07%. Gogo has a consensus price target of $8.50, suggesting a potential upside of 269.57%. Given Gogo’s higher probable upside, analysts plainly believe Gogo is more favorable than VEON.

Profitability

This table compares VEON and Gogo’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
VEON	1.24%	14.93%	2.78%
Gogo	-0.09%	22.55%	1.97%

Institutional and Insider Ownership

21.3% of VEON shares are owned by institutional investors. Comparatively, 69.6% of Gogo shares are owned by institutional investors. 25.6% of Gogo shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.

Earnings & Valuation

This table compares VEON and Gogo”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
VEON	$4.40 billion	1.24	$532.00 million	$0.85	86.49
Gogo	$910.49 million	0.34	$12.92 million	$0.01	230.00

VEON has higher revenue and earnings than Gogo. VEON is trading at a lower price-to-earnings ratio than Gogo, indicating that it is currently the more affordable of the two stocks.

Summary

VEON beats Gogo on 9 of the 14 factors compared between the two stocks.

About VEON

VEON Ltd., a digital operator, provides connectivity and internet services in Pakistan, Ukraine, Kazakhstan, Bangladesh, Uzbekistan, and Kyrgyzstan. It offers mobile telecommunications services, including value added and call completion, national and international roaming, wireless Internet access, mobile financial, and mobile bundle services; data connectivity, cross border transit, voice, Internet, and data services; fixed-line telecommunications using intercity fiber optic networks; and Internet-TV using Fiber to the building technology. The company also sells equipment, infrastructure, and accessories. VEON Ltd. was founded in 1992 and is headquartered in Amsterdam, the Netherlands.

About Gogo

Gogo Inc., together with its subsidiaries, provides broadband connectivity services to the aviation industry in the United States and internationally. The company's product platform includes networks, antennas, and airborne equipment and software. It offers in-flight systems; in-flight services; aviation partner support; and engineering, design, and development services, as well as production operations functions. The company offers voice and data, in-flight entertainment, and other services. In addition, it engages in the development, deployment, and operation of networks, towers, and data center infrastructure to support in-flight connectivity services, as well as in the provision of telecommunications connections to the internet. The company sells its products primarily to aircraft operators and original equipment manufacturers of business aviation aircraft through a distribution network of independent dealers. Gogo Inc. was founded in 1991 and is headquartered in Broomfield, Colorado. As of May 2024, Gogo Inc. claims that “Gogo is the only company in North America with a complete, certified airborne 5G network, meaning that all components within the network (including onboard equipment) are 5G native.”