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Millicom International Cellular S.A. (TIGO)

POSITIVE
Communication ServicesTelecom ServicesLuxembourg

Fundamental

68

Price

$92.80

Market Cap

$15.51B

Part 1 · What the company is worth

Overview

Millicom International Cellular S.A. engages in the provision cable and mobile services in Latin America. The company offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance. In addition, the company provides fixed services, including broadband, fixed voice, and pay-TV; and fixed-voice and data telecommunications services, managed services, cloud and security solutions, and value-added services; and tower infrastructure and services. The company serves small, medium, and large businesses, as well as residential consumers and governmental entities. It markets its products and services under the Tigo and Tigo Business brands. The company was founded in 1990 and is headquartered in Luxembourg, Luxembourg.

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Direct competitors

Who this company fights with for the same customers

No editorial profile for this company yet

No competitor list for this company yet.

Balance Sheet & Liquidity

Revenue

$7.24B

Trailing 12 months (through 6/30/2026)

Net Income

$665M

Trailing 12 months (through 6/30/2026)

Free Cash Flow

$1.88B

Total Equity

$3.15B

Total Liabilities

$12.10B

Current Ratio

0.54

Interest Coverage

-

Debt/EBITDA

3.91

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

Fairly Valued

Fair Value

$120.64

Current Price

$92.80

Margin of Safety

+23.1%

Fair Value Range

$78.41 - $162.86

Estimation Methods

Analyst Target:$98.39
DCF:$223.54
PE-based:$75.08
Graham Growth:$65.12
EPV:$93.11
Analyst Consensus:Hold (2B / 6H / 5S)
Last Earnings Surprise:-8.87%

Valuation Metrics

P/E Ratio

23.13

ROE

21.7%

P/B Ratio

4.93

P/FCF

8.26

Gross Margin

76.5%

ROIC

7.8%

Profitability Radar

Value Creation (Economic Moat)

ROIC

7.8%

WACC

5.4%

ROIC − WACC

+2.4 pp

ROIC exceeds the cost of capital — the company is creating value for shareholders.

Fundamental Analysis Criteria

Passed (13)

  • Price CAGR 9.95%
  • ROIC 7.8%
  • Gross Margin 76.5%
  • P/FCF 8.26
  • Debt/Equity ratio
  • Positive Free Cash Flow
  • CapEx intensity
  • Debt/EBITDA
  • DCF valuation (Undervalued)
  • ROE 21.2%
  • Revenue Growth 5Y 6.9%
  • Earnings Quality (OCF/NI) 1.70
  • Net Margin Trend 22.6% vs 4.4%

Failed (5)

  • P/B Ratio 4.93
  • Current Ratio
  • Analyst Consensus 15% Buy
  • Earnings Surprise avg 0.0%
  • Piotroski F-Score 2/9

Unavailable (9)

  • EPS data insufficient
  • Dividend Payout NaN%
  • Operating Margin NaN%
  • Interest Coverage
  • Return on Tangible Assets
  • Low reliance on intangibles
  • Price below Graham Number
  • PEG Ratio (need PE > 0 and growth > 0)
  • Share Dilution (missing shares data)

Piotroski F-Score

2/9

Serious financial concerns

score
criteria

Earnings Quality

1.70

High quality: earnings backed by cash

Share Dilution

-

Buying back shares. Shareholder friendly

Governance

Executive Team

NameTitleAge
Mr. Marcelo BenitezChief Executive Officer-
Mr. Bart VanhaerenChief Financial Officer-
Mr. Guillaume DuhazeChief Technology & Information Officer-
Mr. Luca PfeiferVice President of Investor Relations-
Mr. Salvador Escalon J.D.Executive VP and Chief Legal & Compliance Officer50
Sofia CorralDirector of Corporate Communications-
Mr. Karim LesinaExecutive VP & Chief External Affairs Officer50

Audit Risk

10

Board Risk

5

Compensation Risk

4

Shareholder Rights Risk

3

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Latest News

Recent headlines for TIGO, sourced from Markets Gazette.

  • 5/13/2026NEUTRAL
    Millicom Intl Cellular Q1 2026 Earnings Call Transcript

    Millicom International Cellular S.A. has released its Q1 2026 Earnings Call Transcript. The document details the company's financial performance and strategic outlook for the first quarter of 2026. While specific financial figures and forward-looking statements are contained within the transcript, the release of the transcript itself is an informational event. Investors and analysts will review the content for insights into operational efficiency, market position, and future growth prospects. The neutral classification reflects the informational nature of the transcript release, pending detailed analysis of its contents for specific trading signals.

  • 2/25/2026NEUTRAL
    Uncovering Potential: Millicom Intl Cellular's Earnings Preview

    Investors are keenly awaiting the upcoming earnings release from Millicom International Cellular S.A., a pivotal event for assessing the company's financial health and future outlook. This earnings preview, while lacking specific details at this stage, draws attention to the performance of the telecommunications giant, primarily operating in Latin America. Analysts and shareholders will be looking for clear signals regarding subscriber growth, revenue trends, and profitability, all crucial elements in a competitive sector. Millicom's ability to manage costs and expand its customer base will be under scrutiny, providing vital insights into its market trajectory and potential influence on share value.

via Markets Gazette