TIM S.A. (TIMB) Stock Price & How to Invest
Last updated July 2026
Short answer
TIMB is the US-listed ADR of TIM S.A., the third-largest mobile carrier in Brazil, so investing means buying a defensive, dividend-paying emerging-market telecom that trades on the NYSE and is exposed to the Brazilian real and local competition. It appeals to income-oriented investors comfortable with currency and country risk rather than those chasing growth.
TIMB stock price
As of 2026-07-23, TIM S.A. (TIMB) last closed at $21.05, up 16.4% over the past year. Over the past 52 weeks it has traded between $17.77 and $27.96.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or TIM S.A.'s investor relations page. Walnut is informational, not investment advice.
What does TIM S.A. (TIMB) do?
TIM S.A. (NYSE: TIMB) is the Brazilian mobile operator formerly known as TIM Participacoes, controlled by Telecom Italia, and it is the third-largest wireless carrier in Brazil with roughly 62 million subscribers and about a 23% market share behind Vivo (Telefonica Brasil) and Claro (America Movil). The company runs a nationwide mobile network with expanding 4G and 5G coverage, is growing its postpaid and B2B businesses, and is pushing into adjacent digital services through fiber (I-Systems), fintech partnerships (a tie-up with PicPay's roughly 67 million accounts), and enterprise IT and AI (the V8.Tech acquisition). Its shares trade in the US as ADRs alongside the local TIMS3 listing on the B3 exchange in Sao Paulo.
The investment picture is that of a mature, defensive telecom rather than a growth story. In the first quarter of 2026 TIM reported net revenue of about R$6.8 billion (up roughly 6.5% year over year) with net income near R$820 million and EBITDA-after-lease growth around 7.8%, reflecting postpaid mix improvement and cost discipline. The stock carries a modest earnings multiple and a high single-digit dividend yield, which makes it attractive to income investors, but its returns in US dollars are heavily influenced by the Brazilian real, domestic interest rates, and the competitive intensity of a consolidated three-player mobile market.
What's driving TIM S.A. (TIMB)?
1. Postpaid and mobile service revenue growth
TIM continues to shift subscribers from prepaid to higher-value postpaid plans, which lifted mobile service revenue around 5.6% and total service revenue about 6.5% year over year in Q1 2026. This mix improvement, combined with above-inflation pricing, is the core engine of steady top-line growth in a mature market.
2. Cost discipline and margin expansion
Efficiency initiatives and network cost management drove EBITDA-after-lease growth of roughly 7.8%, outpacing revenue. Sustained margin expansion supports free cash flow and the company's ability to fund a high dividend while investing in the network.
3. Adjacency bets in fiber, fintech, and B2B
TIM is moving beyond core mobile through its I-Systems fiber stake, a distribution partnership with PicPay's large account base, and the V8.Tech acquisition adding enterprise IT and AI capabilities. These initiatives aim to diversify revenue and deepen customer relationships, though each is small relative to the mobile business today.
4. Shareholder returns and capital allocation
The company emphasizes richer payouts through dividends and interest on capital, supported by strong cash generation. A high yield and disciplined capex make TIMB a candidate for income-focused portfolios seeking emerging-market exposure.
What are the risks to TIM S.A. (TIMB)?
The largest risk is currency: TIMB earns in Brazilian reais but reports ADR value in US dollars, so a weakening real can erase local-currency gains for US holders. Brazil's high interest rates and macro and political volatility add further uncertainty to valuation and demand. The mobile market is a consolidated three-player field (Vivo, Claro, TIM) where price competition and heavy spectrum and network capex pressure margins. Regulatory decisions, a controlling shareholder in Telecom Italia whose interests may not fully align with minority ADR holders, and the execution risk of newer fiber, fintech, and IT bets are additional concerns. The stock also missed EPS expectations in Q1 2026 despite beating on revenue, underscoring profitability sensitivity.
How is TIM S.A. (TIMB) valued? (approximate, July 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see TIM S.A.'s investor relations page or your broker.
- Market cap: ~$10.4B
- Revenue (TTM): ~$5.2B
- Net income (TTM): ~$830M
- P/E ratio: ~12.5x
- Dividend yield: ~5.5%
- Q1 2026 net revenue: ~R$6.8B (up ~6.5% YoY)
TIMB trades at a modest low-teens earnings multiple with a high single-digit-adjacent dividend yield, reflecting its status as a mature, cash-generative telecom rather than a growth name. Revenue growth is in the mid-single digits in local currency, and reported US-dollar figures depend heavily on the Brazilian real exchange rate. Analysts broadly hold a neutral stance with price targets above the mid-2026 share price.
Who competes with TIM S.A. (TIMB)?
Brazilian mobile carriers
Vivo (Telefonica Brasil, the market leader) and Claro (owned by America Movil) are TIM's direct rivals in Brazil's consolidated three-player mobile market, competing on price, network coverage, and postpaid plans.
Fixed broadband and fiber players
As TIM expands in fiber through I-Systems, it competes with Vivo's fiber business, Claro/NET, and numerous regional and independent fiber-to-the-home providers for home internet customers.
Adjacent digital and fintech services
In its newer fintech, IoT, and enterprise IT pushes (PicPay partnership, V8.Tech), TIM overlaps with Brazilian fintechs and IT services firms rather than pure telecoms, a smaller but growing part of its competitive landscape.
How to invest in TIM S.A. (TIMB)
There are three common ways to get TIMB exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so TIMB sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where TIMB fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.
The bottom line on TIM S.A. (TIMB)
TIMB is a cash-generative Brazilian mobile operator whose appeal rests on steady service-revenue growth, a high dividend, and modest valuation, offset by Brazil currency and macro risk.
More on TIM S.A. (TIMB)
Whether TIMB is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is TIMB a buy?, and where the stock could go from here in the TIMB stock forecast.
For income investors, whether TIMB pays a dividend and how the payout looks is covered in does TIMB pay a dividend?
Build a basket around TIMB with Walnut
Use TIM S.A. as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What is TIMB?
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TIMB is the New York Stock Exchange ADR of TIM S.A., a Brazilian telecommunications company that is the third-largest mobile carrier in Brazil with roughly 62 million subscribers. Each ADR represents shares in the company that also trades locally as TIMS3 on Brazil's B3 exchange.
What does TIM S.A. do?
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TIM operates a nationwide mobile network in Brazil offering prepaid and postpaid wireless service, alongside growing fixed broadband, fiber, B2B, and digital-services businesses. It generates the bulk of its revenue from mobile service, with adjacencies in fiber, fintech, and enterprise IT.
Does TIMB pay a dividend?
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Yes. TIM is known as an income stock and returns cash to shareholders through dividends and interest on capital, with a trailing yield in the mid-single-digit percentage range as of July 2026. Payouts can vary from period to period and are paid from Brazilian-real earnings.
Who are TIM's main competitors?
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In mobile, TIM competes primarily with Vivo (Telefonica Brasil) and Claro (America Movil), which together with TIM form Brazil's three-player market. In broadband and fiber it faces those carriers plus regional fiber providers.
How did TIM perform in Q1 2026?
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TIM reported net revenue of about R$6.8 billion, up roughly 6.5% year over year, with net income near R$820 million and EBITDA-after-lease growth around 7.8%. It beat on revenue but missed analyst EPS expectations, and the ADR fell after the report.
What are the main risks of investing in TIMB?
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Key risks include Brazilian-real currency swings that affect US-dollar returns, Brazil's high interest rates and macro and political volatility, intense competition in a consolidated mobile market, heavy network capex, regulatory changes, and controlling-shareholder alignment with Telecom Italia.
Is TIMB a growth or value stock?
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TIMB is generally viewed as a value and income name rather than a growth story. It trades at a low-teens earnings multiple with mid-single-digit local-currency revenue growth and a high dividend yield, typical of a mature emerging-market telecom.
How can I invest in TIMB?
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TIMB trades as an ADR on the NYSE, so US investors can buy it through most brokerages the same way as any US-listed stock. With Walnut you can add TIMB to a thematic basket and place orders through your connected broker. Walnut is not an investment adviser.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with TIM S.A.'s investor relations page or your broker before making investment decisions.