TIGO Stock Analysis: Millicom International | NASDAQ
Telecom Services | NASDAQ, USA | Market Cap: 16.245m USD | 12M Return: 168.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 137M
Qual. Beats: -1
Rev. Trend: 54.5%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 7.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Millicom International Cellular S.A. (TIGO) is a Luxembourg-headquartered telecommunications provider operating across Latin America, offering integrated cable, mobile, and fixed-line services. Founded in 1990 and listed on NASDAQ since 1994, the company serves residential, business, and governmental customers under the Tigo and Tigo Business brands, generating approximately $14.1 billion in market capitalization within the Communication Services sector.
Its service portfolio spans mobile data and voice, short messaging, and mobile financial services-including payments, international remittances, savings, micro-loans, and micro-insurance-alongside fixed broadband, pay-TV, and enterprise offerings such as cloud, security, and managed solutions. The company also operates tower infrastructure, supporting both its own network and third-party operators.
Millicoms inclusion of mobile money and microfinance within its core offering is particularly notable, as digital financial services play a critical role in expanding financial inclusion across emerging Latin American markets, where large portions of the population remain unbanked or underbanked.
- Latin America FX volatility pressures reported revenue and margins
- Tigo Money mobile financial services scales across core markets
- Cable broadband expansion offsets legacy mobile service decline
| Net Income: 1.23b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA -1.36 > 1.0 |
| NWC/Revenue: -30.42% < 20% (prev -12.26%; Δ -18.16% < -1%) |
| CFO/TA 0.10 > 3% & CFO 2.10b > Net Income 1.23b |
| Net Debt (13.6b) to EBITDA (3.53b): 3.85 < 3 |
| Current Ratio: 0.61 > 1.5 & < 3 |
| Outstanding Shares: last quarter (167.5m) vs 12m ago -1.44% < -2% |
| Gross Margin: 69.79% > 18% (prev 60.36%; Δ 9.43% > 0.5%) |
| Asset Turnover: 37.37% > 50% (prev 41.66%; Δ -4.29% > 0%) |
| Interest Coverage Ratio: 2.65 > 6 (EBIT TTM 2.08b / Interest Expense TTM 785.0m) |
| A: -0.09 (Total Current Assets 3.07b - Total Current Liabilities 5.03b) / Total Assets 20.7b |
| B: 0.14 (Retained Earnings 2.89b / Total Assets 20.7b) |
| C: 0.12 (EBIT TTM 2.08b / Avg Total Assets 17.2b) |
| D: 0.18 (Book Value of Equity 3.14b / Total Liabilities 17.6b) |
| Altman-Z'' = 0.84 = B |
| DSRI: 2.65 (Receivables 1.31b/437.0m, Revenue 6.43b/5.69b) |
| GMI: 0.86 (GM 60.36% / 69.79%) |
| AQI: 0.88 (AQ_t 0.49 / AQ_t-1 0.56) |
| SGI: 1.13 (Revenue 6.43b / 5.69b) |
| TATA: -0.04 (NI 1.23b - CFO 2.10b) / TA 20.7b) |
| Beneish M = -1.77 (Cap -4..+1) = CCC |
As of July 14, 2026, the stock is trading at USD 95.74 with a total of 1,227,912 shares traded. Over the past week, the price has changed by +1.80%, over one month by +7.90%, over three months by +16.13% and over the past year by +168.49%.
Current recommended Stop Loss: 87.90 (which is 8.2% or 2.3 ATR below the current price).
Millicom International has received a consensus analysts rating of 4.30. Therefore, it is recommended to buy TIGO.
- StrongBuy: 5
- Buy: 3
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 85.3 | -10.9% |
P/E Trailing = 13.156
P/E Forward = 19.4175
P/S = 2.4582
P/B = 5.023
P/EG = 0.742
Revenue TTM = 6.43b USD
EBIT TTM = 2.08b USD
EBITDA TTM = 3.53b USD
Long Term Debt = 7.39b USD (from longTermDebt, last quarter)
Short Term Debt = 1.56b USD (from shortTermDebt, last quarter)
Debt = 14.8b USD (from shortLongTermDebtTotal, last quarter) + Leases 3.10b
Net Debt = 13.6b USD (calculated: Debt 14.8b - CCE 1.22b)
Enterprise Value = 29.8b USD (16.2b + Debt 14.8b - CCE 1.22b)
Interest Coverage Ratio = 2.65 (Ebit TTM 2.08b / Interest Expense TTM 785.0m)
EV/FCF = 21.49x (Enterprise Value 29.8b / FCF TTM 1.39b)
FCF Yield = 4.65% (FCF TTM 1.39b / Enterprise Value 29.8b)
FCF Margin = 21.60% (FCF TTM 1.39b / Revenue TTM 6.43b)
Net Margin = 19.16% (Net Income TTM 1.23b / Revenue TTM 6.43b)
Gross Margin = 69.79% ((Revenue TTM 6.43b - Cost of Revenue TTM 1.94b) / Revenue TTM)
Gross Margin QoQ = 52.34% (prev 77.78%)
Tobins Q-Ratio = 1.44 (Enterprise Value 29.8b / Total Assets 20.7b)
Interest Expense / Debt = 5.30% (Interest Expense 785.0m / Debt 14.8b)
Taxrate = 20.29% (310.0m / 1.53b)
NOPAT = 1.66b (EBIT 2.08b * (1 - 20.29%))
Current Ratio = 0.61 (Total Current Assets 3.07b / Total Current Liabilities 5.03b)
Debt / Equity = 4.72 (Debt 14.8b / totalStockholderEquity, last quarter 3.14b)
Debt / EBITDA = 3.85 (Net Debt 13.6b / EBITDA 3.53b)
Debt / FCF = 9.80 (Net Debt 13.6b / FCF TTM 1.39b)
Total Stockholder Equity = 3.41b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.16% (Net Income 1.23b / Total Assets 20.7b)
RoE = 36.08% (Net Income TTM 1.23b / Total Stockholder Equity 3.41b)
RoCE = 19.28% (EBIT 2.08b / Capital Employed (Equity 3.41b + L.T.Debt 7.39b))
RoIC = 9.80% (NOPAT 1.66b / Invested Capital 17.0b)
WACC = 4.68% (E(16.2b)/V(31.1b) * Re(5.10%) + D(14.8b)/V(31.1b) * Rd(5.30%) * (1-Tc(0.20)))
Discount Rate = 5.10% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -55.56 | Cagr: -1.11%
[DCF] Terminal Value 77.97% ; FCFF base≈1.27b ; Y1≈1.46b ; Y5≈2.15b
[DCF] Fair Price = 111.8 (EV 32.3b - Net Debt 13.6b = Equity 18.7b / Shares 167.5m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -2.65 | # QB: -1
Revenue Correlation: 54.54 | Revenue CAGR: 2.45% | SUE: 0.38 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.62 | Chg30d=-12.54% | Revisions=-25% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.80 | Chg30d=-6.97% | Revisions=-25% | Analysts=2
EPS current Year (2026-12-31): EPS=4.75 | Chg30d=-9.14% | Revisions=-17% | GrowthEPS=+21.9% | GrowthRev=+45.0%
EPS next Year (2027-12-31): EPS=7.14 | Chg30d=+9.18% | Revisions=+0% | GrowthEPS=+50.4% | GrowthRev=+3.0%
[Analyst] Revisions Ratio: -30% (up=2, down=5)