59.62 USD
+1.34 (+2.3%)
59.69 USD
+0.07 (+0.12%)
Taking everything into account, TIGO scores 5 out of 10 in our fundamental rating. TIGO was compared to 22 industry peers in the Wireless Telecommunication Services industry. TIGO scores excellent on profitability, but there are concerns on its financial health. TIGO has a correct valuation and a medium 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.
- In the past 5 years TIGO always reported a positive cash flow from operatings.
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.
- With an excellent Return On Equity value of 32.78%, TIGO belongs to the best of the industry, outperforming 90.91% of the companies in the same industry.
- 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.
- Measured over the past 3 years, the Average Return On Invested Capital for TIGO is in line with the industry average of 6.24%.
- 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.
- In the last couple of years the Profit Margin of TIGO has grown nicely.
- TIGO has a Operating Margin of 26.62%. This is amongst the best in the industry. TIGO outperforms 100.00% of its industry peers.
- 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.
- 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
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), TIGO is 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
- Compared to 1 year ago, TIGO has an improved debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 1.32, we must say that TIGO is in the distress zone and has some risk of bankruptcy.
- TIGO has a Altman-Z score (1.32) which is in line with its industry peers.
- 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.
- Looking at the Debt to Equity ratio, with a value of 2.33, TIGO is doing worse than 68.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.33 | ||
| Debt/FCF | 8.59 | ||
| Altman-Z | 1.32 |
ROIC/WACC1.31
WACC7.32%
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 of 0.92. This is comparable 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 of 0.89. This is comparable 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.
- 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%.
- 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
- TIGO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.24% yearly.
EPS Next Y253.03%
EPS Next 2Y79.19%
EPS Next 3Y47.42%
EPS Next 5Y29.7%
Revenue Next Year-1.86%
Revenue Next 2Y6.43%
Revenue Next 3Y3.25%
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.
- 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 25.59 indicates a quite expensive valuation of TIGO.
- TIGO's Price/Earnings ratio is in line with the industry average.
- TIGO is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.32, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 12.63 indicates a correct valuation of TIGO.
- TIGO's Price/Forward Earnings ratio is in line with the industry average.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.30, TIGO is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.59 | ||
| Fwd PE | 12.63 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TIGO indicates a somewhat cheap valuation: TIGO is cheaper than 68.18% of the companies listed 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 | 10.13 | ||
| EV/EBITDA | 6.13 |
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.
- The excellent profitability rating of TIGO may justify a higher PE ratio.
- TIGO's earnings are expected to grow with 47.42% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.1
PEG (5Y)N/A
EPS Next 2Y79.19%
EPS Next 3Y47.42%
5. Dividend
5.1 Amount
- TIGO has a Yearly Dividend Yield of 5.35%, which is a nice return.
- TIGO's Dividend Yield is a higher than the industry average which is at 6.15.
- TIGO's Dividend Yield is rather good when compared to the S&P500 average which is at 1.86.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.35% |
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 2Y79.19%
EPS Next 3Y47.42%
59.62
+1.34 (+2.3%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupTelecommunication Services
GICS IndustryWireless Telecommunication Services
Earnings (Last)11-06 2025-11-06/bmo
Earnings (Next)02-25 2026-02-25/amc
Inst Owners44.69%
Inst Owner Change-0.72%
Ins Owners0.17%
Ins Owner ChangeN/A
Market Cap9.96B
Revenue(TTM)5.59B
Net Income(TTM)1.10B
Analysts74.55
Price Target51.82 (-13.08%)
Short Float %2.39%
Short Ratio2.33
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.35% |
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)0%
PT rev (3m)16.46%
EPS NQ rev (1m)0%
EPS NQ rev (3m)56.72%
EPS NY rev (1m)0.05%
EPS NY rev (3m)30.06%
Revenue NQ rev (1m)-5.45%
Revenue NQ rev (3m)7.88%
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)2.24%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.59 | ||
| Fwd PE | 12.63 | ||
| P/S | 1.78 | ||
| P/FCF | 10.13 | ||
| P/OCF | 5.85 | ||
| P/B | 2.98 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.13 |
EPS(TTM)2.33
EY3.91%
EPS(NY)4.72
Fwd EY7.92%
FCF(TTM)5.88
FCFY9.87%
OCF(TTM)10.2
OCFY17.1%
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 | 1.32 |
F-Score6
WACC7.32%
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 Y253.03%
EPS Next 2Y79.19%
EPS Next 3Y47.42%
EPS Next 5Y29.7%
Revenue 1Y (TTM)-4.39%
Revenue growth 3Y10.85%
Revenue growth 5Y6.01%
Sales Q2Q%-0.77%
Revenue Next Year-1.86%
Revenue Next 2Y6.43%
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 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 25.59 and the Price/Book (PB) ratio is 2.98.