55.09 USD
-0.2 (-0.36%)
56 USD
+0.91 (+1.65%)
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. 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.
TIGO had a positive operating cash flow in the past year.
In multiple years TIGO reported negative net income over the last 5 years.
TIGO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
TIGO has a better Return On Assets (7.03%) than 81.82% of its industry peers.
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.
TIGO's Return On Invested Capital of 9.61% is amongst the best of the industry. TIGO outperforms 81.82% of its industry peers.
TIGO had an Average Return On Invested Capital over the past 3 years of 6.73%. This is in line with the industry average of 6.45%.
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
With an excellent Profit Margin value of 19.59%, TIGO belongs to the best of the industry, outperforming 90.91% of the companies in the same industry.
In the last couple of years the Profit Margin of TIGO has grown nicely.
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.
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so TIGO is still creating some value.
Compared to 1 year ago, TIGO has about the same amount of shares outstanding.
Compared to 5 years ago, TIGO has more shares outstanding
The debt/assets ratio for TIGO has been reduced compared to a year ago.
2.2 Solvency
TIGO has an Altman-Z score of 1.30. This is a bad value and indicates that TIGO is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of TIGO (1.30) is comparable to the rest of the 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.
A Debt/Equity ratio of 2.33 is on the high side and indicates that TIGO has dependencies on debt financing.
The Debt to Equity ratio of TIGO (2.33) is worse than 68.18% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.33 | ||
| Debt/FCF | 8.59 | ||
| Altman-Z | 1.3 |
ROIC/WACC1.33
WACC7.21%
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.
TIGO has a Current ratio (0.92) which is in line with its industry peers.
A Quick Ratio of 0.89 indicates that TIGO may have some problems paying its short term obligations.
TIGO has a Quick ratio of 0.89. This is comparable to the rest of the industry: TIGO outperforms 59.09% of its industry peers.
| 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.
The Earnings Per Share has been decreasing by -0.40% on average over the past years.
Looking at the last year, TIGO shows a decrease in Revenue. The Revenue has decreased by -4.39% in the last year.
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
Based on estimates for the next years, TIGO will show a very strong growth in Earnings Per Share. The EPS will grow by 29.70% on average per year.
The Revenue is expected to grow by 2.24% on average over the next years.
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.
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 23.64, the valuation of TIGO can be described as rather expensive.
Compared to the rest of the industry, the Price/Earnings ratio of TIGO is on the same level as its industry peers.
TIGO is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.77, which is the current average of the S&P500 Index.
TIGO is valuated reasonably with a Price/Forward Earnings ratio of 11.55.
The rest of the industry has a similar Price/Forward Earnings ratio as TIGO.
TIGO is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.35, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.64 | ||
| Fwd PE | 11.55 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, TIGO is valued a bit cheaper than the industry average as 68.18% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, TIGO is valued a bit cheaper than 63.64% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.36 | ||
| EV/EBITDA | 5.94 |
4.3 Compensation for Growth
The 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 5.55%, which is a nice return.
TIGO's Dividend Yield is a higher than the industry average which is at 3.85.
TIGO's Dividend Yield is rather good when compared to the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.55% |
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 2Y80.1%
EPS Next 3Y46.09%
55.09
-0.2 (-0.36%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupTelecommunication Services
GICS IndustryWireless Telecommunication Services
Earnings (Last)
Earnings (Next)
Inst Owners44.29%
Inst Owner Change18.26%
Ins Owners0.17%
Ins Owner ChangeN/A
Market Cap9.20B
Revenue(TTM)5.59B
Net Income(TTM)1.10B
Analysts76.67
Price Target51.82 (-5.94%)
Short Float %1.89%
Short Ratio2.13
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.55% |
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)5.92%
PT rev (3m)16.46%
EPS NQ rev (1m)0%
EPS NQ rev (3m)56.72%
EPS NY rev (1m)13.03%
EPS NY rev (3m)29.98%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)14.1%
Revenue NY rev (1m)2.24%
Revenue NY rev (3m)2.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.64 | ||
| Fwd PE | 11.55 | ||
| P/S | 1.65 | ||
| P/FCF | 9.36 | ||
| P/OCF | 5.4 | ||
| P/B | 2.75 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.94 |
EPS(TTM)2.33
EY4.23%
EPS(NY)4.77
Fwd EY8.66%
FCF(TTM)5.88
FCFY10.68%
OCF(TTM)10.2
OCFY18.51%
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 | 1.3 |
F-Score6
WACC7.21%
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.
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 23.64 and the Price/Book (PB) ratio is 2.75.
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 252.84% in the next year.