50.2 USD
-1.68 (-3.24%)
49.98 USD
-0.22 (-0.44%)
Overall TIGO gets a fundamental rating of 5 out of 10. We evaluated TIGO against 22 industry peers in the Wireless Telecommunication Services industry. While TIGO has a great profitability rating, there are quite some concerns on its financial health. TIGO has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
TIGO had positive earnings in the past year.
In the past year TIGO had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: TIGO reported negative net income in multiple years.
Each year in the past 5 years TIGO had a positive operating cash flow.
1.2 Ratios
TIGO's Return On Assets of 7.03% is amongst the best of the industry. TIGO outperforms 86.36% of its industry peers.
The Return On Equity of TIGO (32.78%) is better than 90.91% of its industry peers.
With an excellent Return On Invested Capital value of 9.61%, TIGO belongs to the best of the industry, outperforming 86.36% 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 5.85%.
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 better Profit Margin (19.59%) than 90.91% of its industry peers.
In the last couple of years the Profit Margin of TIGO has grown nicely.
Looking at the Operating Margin, with a value of 26.62%, TIGO belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
TIGO's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 76.96%, TIGO belongs to the top of the industry, outperforming 86.36% of the companies in the same industry.
TIGO's Gross Margin has been stable in the last couple of years.
| 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
TIGO has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for TIGO remains at a similar level compared to 1 year ago.
Compared to 5 years ago, TIGO has more shares outstanding
Compared to 1 year ago, TIGO has an improved debt to assets ratio.
2.2 Solvency
TIGO has an Altman-Z score of 1.27. This is a bad value and indicates that TIGO is not financially healthy and even has some risk of bankruptcy.
TIGO has a Altman-Z score (1.27) which is comparable to the rest of the 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.
With a Debt to FCF ratio value of 8.59, TIGO perfoms like the industry average, outperforming 40.91% of the companies in the same industry.
A Debt/Equity ratio of 2.33 is on the high side and indicates that TIGO has dependencies on debt financing.
TIGO's Debt to Equity ratio of 2.33 is on the low side compared to the rest of the industry. TIGO is outperformed by 68.18% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.33 | ||
| Debt/FCF | 8.59 | ||
| Altman-Z | 1.27 |
ROIC/WACC1.34
WACC7.16%
2.3 Liquidity
TIGO has a Current 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.
With a Current ratio value of 0.92, TIGO perfoms like the industry average, outperforming 54.55% of the companies in the same industry.
A Quick Ratio of 0.89 indicates that TIGO may have some problems paying its short term obligations.
With a Quick ratio value of 0.89, TIGO perfoms like the industry average, outperforming 59.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.92 | ||
| Quick Ratio | 0.89 |
3. Growth
3.1 Past
TIGO shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 153.26%, which is quite impressive.
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%.
Measured over the past years, TIGO shows a small growth in Revenue. The Revenue has been growing by 6.01% on average per year.
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
The Earnings Per Share is expected to grow by 29.70% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 2.24% on average over the next years.
EPS Next Y212.18%
EPS Next 2Y63.9%
EPS Next 3Y39.36%
EPS Next 5Y29.7%
Revenue Next Year-4.03%
Revenue Next 2Y1.72%
Revenue Next 3Y0.11%
Revenue Next 5Y2.24%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
The Price/Earnings ratio is 21.55, which indicates a rather expensive current valuation of TIGO.
Compared to the rest of the industry, the Price/Earnings ratio of TIGO is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 26.46, TIGO is valued at the same level.
Based on the Price/Forward Earnings ratio of 12.71, 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 cheaply when we compare the Price/Forward Earnings ratio to 36.10, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.55 | ||
| Fwd PE | 12.71 |
4.2 Price Multiples
72.73% of the companies in the same industry are more expensive than TIGO, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of TIGO indicates a somewhat cheap valuation: TIGO is cheaper than 68.18% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.53 | ||
| EV/EBITDA | 5.73 |
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.
The excellent profitability rating of TIGO may justify a higher PE ratio.
TIGO's earnings are expected to grow with 39.36% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.1
PEG (5Y)N/A
EPS Next 2Y63.9%
EPS Next 3Y39.36%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.59%, TIGO is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 8.54, TIGO pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.32, TIGO pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.59% |
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 2Y63.9%
EPS Next 3Y39.36%
50.2
-1.68 (-3.24%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupTelecommunication Services
GICS IndustryWireless Telecommunication Services
Earnings (Last)
Earnings (Next)
Inst Owners41.09%
Inst Owner Change18.25%
Ins Owners0.19%
Ins Owner ChangeN/A
Market Cap8.39B
Revenue(TTM)5.59B
Net Income(TTM)1.10B
Analysts76.67
Price Target48.92 (-2.55%)
Short Float %2.22%
Short Ratio2.77
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.59% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-Date
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)9.95%
PT rev (3m)13.19%
EPS NQ rev (1m)56.72%
EPS NQ rev (3m)138.64%
EPS NY rev (1m)0%
EPS NY rev (3m)31.04%
Revenue NQ rev (1m)14.1%
Revenue NQ rev (3m)14.73%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.33%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.55 | ||
| Fwd PE | 12.71 | ||
| P/S | 1.5 | ||
| P/FCF | 8.53 | ||
| P/OCF | 4.92 | ||
| P/B | 2.51 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.73 |
EPS(TTM)2.33
EY4.64%
EPS(NY)3.95
Fwd EY7.87%
FCF(TTM)5.88
FCFY11.72%
OCF(TTM)10.2
OCFY20.31%
SpS33.49
BVpS20.01
TBVpS-22.46
PEG (NY)0.1
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 | 1.27 |
F-Score6
WACC7.16%
ROIC/WACC1.34
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 Y212.18%
EPS Next 2Y63.9%
EPS Next 3Y39.36%
EPS Next 5Y29.7%
Revenue 1Y (TTM)-4.39%
Revenue growth 3Y10.85%
Revenue growth 5Y6.01%
Sales Q2Q%-0.77%
Revenue Next Year-4.03%
Revenue Next 2Y1.72%
Revenue Next 3Y0.11%
Revenue Next 5Y2.24%
EBIT growth 1Y29.59%
EBIT growth 3Y47.85%
EBIT growth 5Y25.43%
EBIT Next Year109.55%
EBIT Next 3Y29.6%
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.
What is the valuation status for TIGO stock?
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.
Can you provide the PE and PB ratios for TIGO stock?
The Price/Earnings (PE) ratio for MILLICOM INTL CELLULAR S.A. (TIGO) is 21.55 and the Price/Book (PB) ratio is 2.51.
What is the expected EPS growth for MILLICOM INTL CELLULAR S.A. (TIGO) stock?
The Earnings per Share (EPS) of MILLICOM INTL CELLULAR S.A. (TIGO) is expected to grow by 212.18% in the next year.