51.35 USD
+1.2 (+2.39%)
51 USD
-0.35 (-0.68%)
TIGO gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 22 industry peers in the Wireless Telecommunication Services industry. While TIGO belongs to the best of the industry regarding profitability, there are concerns on its financial health. TIGO may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
In the past year TIGO was profitable.
TIGO had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: TIGO reported negative net income in multiple years.
TIGO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 7.03%, TIGO belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
TIGO has a Return On Equity of 32.78%. This is amongst the best in the industry. TIGO outperforms 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 6.24%.
The 3 year average ROIC (6.73%) for TIGO is below the current ROIC(9.61%), indicating increased profibility in the last year.
| 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 95.45% of its industry peers.
TIGO's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 26.62%, TIGO belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
In the last couple of years the Operating Margin of TIGO has grown nicely.
TIGO's Gross Margin of 76.96% is amongst the best of the industry. TIGO outperforms 86.36% of its industry peers.
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so TIGO is still creating some value.
The number of shares outstanding for TIGO remains at a similar level compared to 1 year ago.
TIGO has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, TIGO has an improved debt to assets ratio.
2.2 Solvency
TIGO has an Altman-Z score of 1.25. This is a bad value and indicates that TIGO is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.25, TIGO perfoms like the industry average, outperforming 59.09% of the companies in the same industry.
The Debt to FCF ratio of TIGO is 8.59, which is on the high side as it means it would take TIGO, 8.59 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of TIGO (8.59) is comparable to the rest of the industry.
TIGO has a Debt/Equity ratio of 2.33. This is a high value indicating a heavy dependency on external 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 | 1.25 |
ROIC/WACC1.33
WACC7.2%
2.3 Liquidity
A Current Ratio of 0.92 indicates that TIGO may have some problems paying its short term obligations.
TIGO's Current ratio of 0.92 is in line compared to the rest of the industry. TIGO outperforms 54.55% of 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 has a Quick ratio (0.89) which is comparable to the rest of the industry.
| 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.
The Earnings Per Share has been decreasing by -0.40% on average over the past years.
TIGO shows a decrease in Revenue. In the last year, the revenue decreased by -4.39%.
TIGO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.01% yearly.
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.
TIGO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.24% yearly.
EPS Next Y252.84%
EPS Next 2Y80.1%
EPS Next 3Y46.09%
EPS Next 5Y29.7%
Revenue Next Year-1.88%
Revenue Next 2Y6.41%
Revenue Next 3Y3.25%
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 22.04 indicates a rather expensive valuation of TIGO.
The rest of the industry has a similar Price/Earnings ratio as TIGO.
TIGO is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.25, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 10.77, which indicates a very decent valuation of TIGO.
Based on the Price/Forward Earnings ratio, TIGO is valued a bit cheaper than the industry average as 68.18% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.98, TIGO is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.04 | ||
| Fwd PE | 10.77 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TIGO is valued a bit cheaper than 68.18% of the companies in the same industry.
63.64% of the companies in the same industry are more expensive than TIGO, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.73 | ||
| EV/EBITDA | 5.62 |
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.
TIGO's earnings are expected to grow with 46.09% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.09
PEG (5Y)N/A
EPS Next 2Y80.1%
EPS Next 3Y46.09%
5. Dividend
5.1 Amount
TIGO has a Yearly Dividend Yield of 5.79%, which is a nice return.
TIGO's Dividend Yield is a higher than the industry average which is at 5.49.
TIGO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.79% |
5.2 History
TIGO has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DPN/A
EPS Next 2Y80.1%
EPS Next 3Y46.09%
51.35
+1.2 (+2.39%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupTelecommunication Services
GICS IndustryWireless Telecommunication Services
Earnings (Last)
Earnings (Next)
Inst Owners44.69%
Inst Owner Change0%
Ins Owners0.17%
Ins Owner ChangeN/A
Market Cap8.58B
Revenue(TTM)5.59B
Net Income(TTM)1.10B
Analysts74.55
Price Target51.82 (0.92%)
Short Float %1.89%
Short Ratio2.13
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.79% |
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)0%
PT rev (3m)16.46%
EPS NQ rev (1m)0%
EPS NQ rev (3m)56.72%
EPS NY rev (1m)0%
EPS NY rev (3m)29.98%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)14.1%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.04 | ||
| Fwd PE | 10.77 | ||
| P/S | 1.53 | ||
| P/FCF | 8.73 | ||
| P/OCF | 5.04 | ||
| P/B | 2.57 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.62 |
EPS(TTM)2.33
EY4.54%
EPS(NY)4.77
Fwd EY9.29%
FCF(TTM)5.88
FCFY11.46%
OCF(TTM)10.2
OCFY19.85%
SpS33.49
BVpS20.01
TBVpS-22.46
PEG (NY)0.09
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 | 1.25 |
F-Score6
WACC7.2%
ROIC/WACC1.33
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 Y252.84%
EPS Next 2Y80.1%
EPS Next 3Y46.09%
EPS Next 5Y29.7%
Revenue 1Y (TTM)-4.39%
Revenue growth 3Y10.85%
Revenue growth 5Y6.01%
Sales Q2Q%-0.77%
Revenue Next Year-1.88%
Revenue Next 2Y6.41%
Revenue Next 3Y3.25%
Revenue Next 5Y2.24%
EBIT growth 1Y29.59%
EBIT growth 3Y47.85%
EBIT growth 5Y25.43%
EBIT Next Year116.97%
EBIT Next 3Y33.92%
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 7 / 10 to MILLICOM INTL CELLULAR S.A. (TIGO). This can be considered as Undervalued.
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 22.04 and the Price/Book (PB) ratio is 2.57.