TIM S.A. Approves New R$1B Share Repurchase Program (Program 9)
TIMB is trading near its 52-week low of $17.14 (2.7% above the low).
Summary
TIM S.A. approved a new R$1 billion share repurchase program covering up to 2.31% of common shares, citing undervaluation. The previous program acquired R$1 billion in shares, with 28.7 million shares cancelled.
Key Events · Financing and Capital Events · TIMB
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New R$1B Repurchase Program Approved
Board approved Program 9 for up to 55,187,638 common shares (2.31% of total), maximum R$1 billion, effective until February 19, 2028.
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Management Cites Undervaluation
Company states current market price does not reflect intrinsic value, business strength, cash generation, or growth prospects.
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Prior Program Results Disclosed
Program 8 (approved Feb 2025) acquired 46,884,500 shares for ~R$1 billion; 28,678,509 shares cancelled on December 16, 2025.
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Stock Near 52-Week Low
Shares trade at $17.61, just above the 52-week low of $17.14, providing context for the buyback decision.
Analysis · TIMB · Technology
TIM's board approved a new share repurchase program authorizing up to 55.2 million shares (2.31% of common shares) with a maximum outlay of R$1 billion, effective until February 2028. The company states the current share price does not reflect intrinsic value, and the buyback is an efficient use of capital. The prior program (Program 8) acquired 46.9 million shares for approximately R$1 billion, with 28.7 million shares cancelled in December 2025. This signals management confidence and provides potential support for the stock, which is trading near its 52-week low.
At the time of this filing, TIMB was trading at $17.61 on NYSE in the Technology sector, with a market capitalization of approximately $8.5B. The 52-week trading range was $17.14 to $28.22. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.