67.95 USD
+1 (+1.49%)
Last: Feb 9, 2026, 11:32 AM
Overall TIGO gets a fundamental rating of 5 out of 10. We evaluated TIGO against 22 industry peers in the Wireless Telecommunication Services industry. TIGO has an excellent profitability rating, but there are concerns on its financial health. TIGO is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year TIGO was profitable.
- In the past year TIGO had a positive cash flow from operations.
- In multiple years TIGO reported negative net income over the last 5 years.
- In the past 5 years TIGO always reported a positive cash flow from operatings.
1.2 Ratios
- TIGO's Return On Assets of 7.03% is amongst the best of the industry. TIGO outperforms 81.82% of its industry peers.
- The Return On Equity of TIGO (32.78%) is better than 90.91% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 9.61%, TIGO belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for TIGO is in line with the industry average of 6.60%.
- The last Return On Invested Capital (9.61%) for TIGO is above the 3 year average (6.73%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.03% | ||
| ROE | 32.78% | ||
| ROIC | 9.61% |
ROA(3y)0.84%
ROA(5y)0.73%
ROE(3y)3.19%
ROE(5y)3.14%
ROIC(3y)6.73%
ROIC(5y)5.05%
1.3 Margins
- TIGO has a Profit Margin of 19.59%. This is amongst the best in the industry. TIGO outperforms 95.45% of its industry peers.
- TIGO's Profit Margin has improved in the last couple of years.
- TIGO has a better Operating Margin (26.62%) than 100.00% of its industry peers.
- In the last couple of years the Operating Margin of TIGO has grown nicely.
- TIGO has a Gross Margin of 76.96%. This is amongst the best in the industry. TIGO outperforms 86.36% of its industry peers.
- In the last couple of years the Gross Margin of TIGO has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.62% | ||
| PM (TTM) | 19.59% | ||
| GM | 76.96% |
OM growth 3Y33.38%
OM growth 5Y18.32%
PM growth 3Y-31.97%
PM growth 5Y4.87%
GM growth 3Y1.43%
GM growth 5Y0.99%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so TIGO is still creating some value.
- TIGO has about the same amout of shares outstanding than it did 1 year ago.
- Compared to 5 years ago, TIGO has more shares outstanding
- TIGO has a better debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 1.39, we must say that TIGO is in the distress zone and has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 1.39, TIGO is in line with its industry, outperforming 59.09% of the companies in the same industry.
- TIGO has a debt to FCF ratio of 8.59. This is a slightly negative value and a sign of low solvency as TIGO would need 8.59 years to pay back of all of its debts.
- TIGO's Debt to FCF ratio of 8.59 is in line compared to the rest of the industry. TIGO outperforms 45.45% of its industry peers.
- A Debt/Equity ratio of 2.33 is on the high side and indicates that TIGO has dependencies on debt financing.
- With a Debt to Equity ratio value of 2.33, TIGO is not doing good in the industry: 68.18% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.33 | ||
| Debt/FCF | 8.59 | ||
| Altman-Z | 1.39 |
ROIC/WACC1.31
WACC7.35%
2.3 Liquidity
- A Current Ratio of 0.92 indicates that TIGO may have some problems paying its short term obligations.
- TIGO has a Current ratio (0.92) which is in line with its industry peers.
- TIGO has a Quick Ratio of 0.92. This is a bad value and indicates that TIGO is not financially healthy enough and could expect problems in meeting its short term obligations.
- TIGO's Quick ratio of 0.89 is in line compared to the rest of the industry. TIGO outperforms 54.55% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.92 | ||
| Quick Ratio | 0.89 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an impressive 153.26% over the past year.
- TIGO shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.40% yearly.
- TIGO shows a decrease in Revenue. In the last year, the revenue decreased by -4.39%.
- The Revenue has been growing slightly by 6.01% on average over the past years.
EPS 1Y (TTM)153.26%
EPS 3Y-37.04%
EPS 5Y-0.4%
EPS Q2Q%93.33%
Revenue 1Y (TTM)-4.39%
Revenue growth 3Y10.85%
Revenue growth 5Y6.01%
Sales Q2Q%-0.77%
3.2 Future
- TIGO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 29.70% yearly.
- The Revenue is expected to grow by 2.24% on average over the next years.
EPS Next Y226.04%
EPS Next 2Y75.07%
EPS Next 3Y45.35%
EPS Next 5Y29.7%
Revenue Next Year-2.37%
Revenue Next 2Y7.26%
Revenue Next 3Y4.53%
Revenue Next 5Y2.24%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 29.16, the valuation of TIGO can be described as expensive.
- TIGO's Price/Earnings ratio is in line with the industry average.
- Compared to an average S&P500 Price/Earnings ratio of 27.93, TIGO is valued at the same level.
- Based on the Price/Forward Earnings ratio of 15.08, the valuation of TIGO can be described as correct.
- TIGO's Price/Forward Earnings is on the same level as the industry average.
- TIGO is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 27.77, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.16 | ||
| Fwd PE | 15.08 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, TIGO is valued a bit cheaper than the industry average as 63.64% of the companies are valued more expensively.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of TIGO indicates a somewhat cheap valuation: TIGO is cheaper than 63.64% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.55 | ||
| EV/EBITDA | 6.67 |
4.3 Compensation for Growth
- TIGO's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- TIGO has an outstanding profitability rating, which may justify a higher PE ratio.
- A more expensive valuation may be justified as TIGO's earnings are expected to grow with 45.35% in the coming years.
PEG (NY)0.13
PEG (5Y)N/A
EPS Next 2Y75.07%
EPS Next 3Y45.35%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 4.60%, TIGO is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 6.41, TIGO pays a bit more dividend than its industry peers.
- TIGO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.6% |
5.2 History
- TIGO has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DPN/A
EPS Next 2Y75.07%
EPS Next 3Y45.35%
NASDAQ:TIGO (2/9/2026, 11:32:05 AM)
67.95
+1 (+1.49%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupTelecommunication Services
GICS IndustryWireless Telecommunication Services
Earnings (Last)11-06 2025-11-06/bmo
Earnings (Next)02-26 2026-02-26/amc
Inst Owners44.69%
Inst Owner Change0.87%
Ins Owners0.17%
Ins Owner ChangeN/A
Market Cap11.35B
Revenue(TTM)5.59B
Net Income(TTM)1.10B
Analysts74.55
Price Target55.23 (-18.72%)
Short Float %2.44%
Short Ratio2.34
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.6% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-Date04-08 2026-04-08 (1.25)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-21.93%
Min EPS beat(2)-37.08%
Max EPS beat(2)-6.78%
EPS beat(4)1
Avg EPS beat(4)-22.88%
Min EPS beat(4)-74.67%
Max EPS beat(4)27.01%
EPS beat(8)2
Avg EPS beat(8)26.88%
EPS beat(12)3
Avg EPS beat(12)-9.23%
EPS beat(16)6
Avg EPS beat(16)130.13%
Revenue beat(2)0
Avg Revenue beat(2)-1.94%
Min Revenue beat(2)-3.31%
Max Revenue beat(2)-0.56%
Revenue beat(4)0
Avg Revenue beat(4)-4.31%
Min Revenue beat(4)-8.89%
Max Revenue beat(4)-0.56%
Revenue beat(8)1
Avg Revenue beat(8)-3.05%
Revenue beat(12)1
Avg Revenue beat(12)-3.28%
Revenue beat(16)1
Avg Revenue beat(16)-6.3%
PT rev (1m)6.59%
PT rev (3m)15.16%
EPS NQ rev (1m)-9.52%
EPS NQ rev (3m)41.79%
EPS NY rev (1m)-7.59%
EPS NY rev (3m)4.44%
Revenue NQ rev (1m)-5.45%
Revenue NQ rev (3m)7.88%
Revenue NY rev (1m)-0.5%
Revenue NY rev (3m)1.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.16 | ||
| Fwd PE | 15.08 | ||
| P/S | 2.03 | ||
| P/FCF | 11.55 | ||
| P/OCF | 6.66 | ||
| P/B | 3.4 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.67 |
EPS(TTM)2.33
EY3.43%
EPS(NY)4.51
Fwd EY6.63%
FCF(TTM)5.88
FCFY8.66%
OCF(TTM)10.2
OCFY15%
SpS33.49
BVpS20.01
TBVpS-22.46
PEG (NY)0.13
PEG (5Y)N/A
Graham Number32.39
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.03% | ||
| ROE | 32.78% | ||
| ROCE | 12.16% | ||
| ROIC | 9.61% | ||
| ROICexc | 11.12% | ||
| ROICexgc | 33.75% | ||
| OM | 26.62% | ||
| PM (TTM) | 19.59% | ||
| GM | 76.96% | ||
| FCFM | 17.57% |
ROA(3y)0.84%
ROA(5y)0.73%
ROE(3y)3.19%
ROE(5y)3.14%
ROIC(3y)6.73%
ROIC(5y)5.05%
ROICexc(3y)7.23%
ROICexc(5y)5.46%
ROICexgc(3y)21.48%
ROICexgc(5y)16.59%
ROCE(3y)8.52%
ROCE(5y)6.4%
ROICexgc growth 3Y24.05%
ROICexgc growth 5Y36.67%
ROICexc growth 3Y43.68%
ROICexc growth 5Y21.14%
OM growth 3Y33.38%
OM growth 5Y18.32%
PM growth 3Y-31.97%
PM growth 5Y4.87%
GM growth 3Y1.43%
GM growth 5Y0.99%
F-Score6
Asset Turnover0.36
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.33 | ||
| Debt/FCF | 8.59 | ||
| Debt/EBITDA | 2.89 | ||
| Cap/Depr | 59.7% | ||
| Cap/Sales | 12.87% | ||
| Interest Coverage | 2.62 | ||
| Cash Conversion | 63.19% | ||
| Profit Quality | 89.69% | ||
| Current Ratio | 0.92 | ||
| Quick Ratio | 0.89 | ||
| Altman-Z | 1.39 |
F-Score6
WACC7.35%
ROIC/WACC1.31
Cap/Depr(3y)66.21%
Cap/Depr(5y)68%
Cap/Sales(3y)15.35%
Cap/Sales(5y)17.27%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)153.26%
EPS 3Y-37.04%
EPS 5Y-0.4%
EPS Q2Q%93.33%
EPS Next Y226.04%
EPS Next 2Y75.07%
EPS Next 3Y45.35%
EPS Next 5Y29.7%
Revenue 1Y (TTM)-4.39%
Revenue growth 3Y10.85%
Revenue growth 5Y6.01%
Sales Q2Q%-0.77%
Revenue Next Year-2.37%
Revenue Next 2Y7.26%
Revenue Next 3Y4.53%
Revenue Next 5Y2.24%
EBIT growth 1Y29.59%
EBIT growth 3Y47.85%
EBIT growth 5Y25.43%
EBIT Next Year117.05%
EBIT Next 3Y35.33%
EBIT Next 5Y18.89%
FCF growth 1Y191.69%
FCF growth 3Y125.44%
FCF growth 5YN/A
OCF growth 1Y37.12%
OCF growth 3Y18.8%
OCF growth 5Y15.14%
MILLICOM INTL CELLULAR S.A. / TIGO FAQ
What is the ChartMill fundamental rating of MILLICOM INTL CELLULAR S.A. (TIGO) stock?
ChartMill assigns a fundamental rating of 5 / 10 to TIGO.
Can you provide the valuation status for MILLICOM INTL CELLULAR S.A.?
ChartMill assigns a valuation rating of 6 / 10 to MILLICOM INTL CELLULAR S.A. (TIGO). This can be considered as Fairly Valued.
Can you provide the profitability details for MILLICOM INTL CELLULAR S.A.?
MILLICOM INTL CELLULAR S.A. (TIGO) has a profitability rating of 8 / 10.
What is the valuation of MILLICOM INTL CELLULAR S.A. based on its PE and PB ratios?
The Price/Earnings (PE) ratio for MILLICOM INTL CELLULAR S.A. (TIGO) is 29.16 and the Price/Book (PB) ratio is 3.4.