52.395 USD
+1.4 (+2.74%)
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 has an excellent profitability rating, but 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.
- In the past year TIGO had a positive cash flow from operations.
- In multiple years TIGO reported negative net income over the last 5 years.
- Each year in the past 5 years TIGO had a positive operating cash flow.
1.2 Ratios
- The Return On Assets of TIGO (7.03%) is better than 81.82% of its industry peers.
- The Return On Equity of TIGO (32.78%) is better than 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 6.24%.
- 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
- The Profit Margin of TIGO (19.59%) is better than 95.45% of its industry peers.
- In the last couple of years the Profit Margin of TIGO has grown nicely.
- The Operating Margin of TIGO (26.62%) is better than 100.00% of its industry peers.
- TIGO's Operating Margin has improved in the last couple of years.
- TIGO has a better Gross Margin (76.96%) 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.
- The number of shares outstanding for TIGO remains at a similar level compared to 1 year ago.
- The number of shares outstanding for TIGO has been increased compared to 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 1.26. 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 (1.26) which 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.
- TIGO's Debt to FCF ratio of 8.59 is in line compared to the rest of the industry. TIGO outperforms 45.45% of its industry peers.
- 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 | 1.26 |
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 has a Current ratio of 0.92. This is comparable to the rest of the industry: TIGO outperforms 54.55% of its industry peers.
- A Quick Ratio of 0.89 indicates that TIGO may have some problems paying its short term obligations.
- The Quick ratio of TIGO (0.89) 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.
- 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
- TIGO is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 29.70% yearly.
- 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
- 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
- TIGO is valuated rather expensively with a Price/Earnings ratio of 22.49.
- 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 27.30, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 10.99, the valuation of TIGO can be described as very reasonable.
- 63.64% of the companies in the same industry are more expensive than TIGO, based on the Price/Forward Earnings ratio.
- TIGO's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.04.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.49 | ||
| Fwd PE | 10.99 |
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.
- 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 | 8.9 | ||
| EV/EBITDA | 5.68 |
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.
- 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
- With a Yearly Dividend Yield of 5.79%, TIGO is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 5.49, 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 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.79% |
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%
NASDAQ:TIGO (1/14/2026, 1:24:55 PM)
52.395
+1.4 (+2.74%)
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 Change0%
Ins Owners0.17%
Ins Owner ChangeN/A
Market Cap8.75B
Revenue(TTM)5.59B
Net Income(TTM)1.10B
Analysts74.55
Price Target51.82 (-1.1%)
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-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%
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 | 22.49 | ||
| Fwd PE | 10.99 | ||
| P/S | 1.56 | ||
| P/FCF | 8.9 | ||
| P/OCF | 5.14 | ||
| P/B | 2.62 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.68 |
EPS(TTM)2.33
EY4.45%
EPS(NY)4.77
Fwd EY9.1%
FCF(TTM)5.88
FCFY11.23%
OCF(TTM)10.2
OCFY19.46%
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 | 1.26 |
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 22.49 and the Price/Book (PB) ratio is 2.62.