50.8 USD
+0.6 (+1.2%)
50.42 USD
-0.38 (-0.75%)
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 scores excellent on profitability, but there are concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on TIGO.
1. Profitability
1.1 Basic Checks
TIGO had positive earnings in the past year.
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
TIGO has a Return On Assets of 7.03%. This is amongst the best in the industry. TIGO outperforms 81.82% of its industry peers.
TIGO has a better Return On Equity (32.78%) than 90.91% of its industry peers.
TIGO has a Return On Invested Capital of 9.61%. This is amongst the best in 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 6.44%.
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 Profit Margin of 19.59%. This is amongst the best in the industry. TIGO outperforms 90.91% of its industry peers.
TIGO's Profit Margin has improved in the last couple of years.
The Operating Margin of TIGO (26.62%) is better than 100.00% of its industry peers.
In the last couple of years the Operating Margin of TIGO has grown nicely.
The Gross Margin of TIGO (76.96%) is better than 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), TIGO is creating some value.
TIGO has about the same amout of shares outstanding than it did 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
Based on the Altman-Z score of 1.25, we must say that TIGO is in the distress zone and has some risk of bankruptcy.
TIGO has a Altman-Z score (1.25) which is in line with its industry peers.
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 45.45% 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 has a Debt to Equity ratio of 2.33. This is in the lower half of the industry: TIGO underperforms 68.18% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.33 | ||
| Debt/FCF | 8.59 | ||
| Altman-Z | 1.25 |
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.
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 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.
TIGO shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.40% yearly.
Looking at the last year, TIGO shows a decrease in Revenue. The Revenue has decreased by -4.39% in the last year.
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
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.
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 21.80 indicates a rather expensive valuation of TIGO.
The rest of the industry has a similar Price/Earnings ratio as TIGO.
TIGO's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.49.
A Price/Forward Earnings ratio of 10.65 indicates a reasonable valuation of TIGO.
Based on the Price/Forward Earnings ratio, TIGO is valued a bit cheaper than 72.73% of the companies in the same industry.
TIGO's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.69.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.8 | ||
| Fwd PE | 10.65 |
4.2 Price Multiples
TIGO's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. TIGO is cheaper than 68.18% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, TIGO is valued a bit cheaper than 68.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.63 | ||
| EV/EBITDA | 5.63 |
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.
A more expensive valuation may be justified as TIGO's earnings are expected to grow with 46.09% in the coming years.
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 5.78%, which is a nice return.
Compared to an average industry Dividend Yield of 5.54, 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 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.78% |
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%
50.8
+0.6 (+1.2%)
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 Cap8.49B
Revenue(TTM)5.59B
Net Income(TTM)1.10B
Analysts76.67
Price Target51.82 (2.01%)
Short Float %2.22%
Short Ratio2.77
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.78% |
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)8.04%
PT rev (3m)21.76%
EPS NQ rev (1m)56.72%
EPS NQ rev (3m)138.64%
EPS NY rev (1m)13.03%
EPS NY rev (3m)48.11%
Revenue NQ rev (1m)14.1%
Revenue NQ rev (3m)14.65%
Revenue NY rev (1m)2.24%
Revenue NY rev (3m)2.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.8 | ||
| Fwd PE | 10.65 | ||
| P/S | 1.52 | ||
| P/FCF | 8.63 | ||
| P/OCF | 4.98 | ||
| P/B | 2.54 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.63 |
EPS(TTM)2.33
EY4.59%
EPS(NY)4.77
Fwd EY9.39%
FCF(TTM)5.88
FCFY11.58%
OCF(TTM)10.2
OCFY20.07%
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
WACC7.16%
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 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 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.
Can you provide the PE and PB ratios for TIGO stock?
The Price/Earnings (PE) ratio for MILLICOM INTL CELLULAR S.A. (TIGO) is 21.8 and the Price/Book (PB) ratio is 2.54.
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.