TIGO Stock Analysis: Millicom International | NASDAQ
Telecom Services | NASDAQ, USA | Market Cap: 16.179m USD | 12M Return: 134.2% | LU0038705702 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 129M
Qual. Beats: 0
Rev. Trend: 62.3%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 7.6 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: 665.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 0.05 > 1.0 |
| NWC/Revenue: -33.28% < 20% (prev -6.32%; Δ -26.96% < -1%) |
| CFO/TA 0.11 > 3% & CFO 2.33b > Net Income 665.0m |
| Net Debt (14.2b) to EBITDA (3.34b): 4.25 < 3 |
| Current Ratio: 0.53 > 1.5 & < 3 |
| Outstanding Shares: last quarter (168.0m) vs 12m ago 0.22% < -2% |
| Gross Margin: 62.91% > 18% (prev 65.85%; Δ -2.94% > 0.5%) |
| Asset Turnover: 40.56% > 50% (prev 37.37%; Δ 3.20% > 0%) |
| Interest Coverage Ratio: 1.84 > 6 (EBIT TTM 1.66b / Interest Expense TTM 907.0m) |
| A: -0.12 (Total Current Assets 2.75b - Total Current Liabilities 5.15b) / Total Assets 20.7b |
| B: 0.11 (Retained Earnings 2.27b / Total Assets 20.7b) |
| C: 0.09 (EBIT TTM 1.66b / Avg Total Assets 17.8b) |
| D: 0.14 (Book Value of Equity 2.45b / Total Liabilities 18.2b) |
| Altman-Z'' = 0.36 = B |
| DSRI: 1.61 (Receivables 1.35b/650.0m, Revenue 7.24b/5.61b) |
| GMI: 1.05 (GM 65.85% / 62.91%) |
| AQI: 0.97 (AQ_t 0.50 / AQ_t-1 0.52) |
| SGI: 1.29 (Revenue 7.24b / 5.61b) |
| TATA: -0.08 (NI 665.0m - CFO 2.33b) / TA 20.7b) |
| Beneish M = -2.30 (Cap -4..+1) = BBB |
As of August 14, 2026, the stock is trading at USD 94.23 with a total of 1,018,395 shares traded. Over the past week, the price has changed by -9.66%, over one month by -1.58%, over three months by +15.88% and over the past year by +134.24%.
Current recommended Stop Loss: 87.40 (which is 7.2% or 1.6 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 | 96 | 1.9% |
P/E Trailing = 23.7611
P/E Forward = 19.802
P/S = 2.2322
P/B = 6.5499
P/EG = 0.7564
Revenue TTM = 7.24b USD
EBIT TTM = 1.66b USD
EBITDA TTM = 3.34b USD
Long Term Debt = 7.65b USD (from longTermDebt, last quarter)
Short Term Debt = 1.45b USD (from shortTermDebt, last quarter)
Debt = 15.1b USD (from shortLongTermDebtTotal, last quarter) + Leases 3.16b
Net Debt = 14.2b USD (calculated: Debt 15.1b - CCE 891.0m)
Enterprise Value = 30.3b USD (16.2b + Debt 15.1b - CCE 891.0m)
Interest Coverage Ratio = 1.84 (Ebit TTM 1.66b / Interest Expense TTM 907.0m)
EV/FCF = 19.67x (Enterprise Value 30.3b / FCF TTM 1.54b)
FCF Yield = 5.08% (FCF TTM 1.54b / Enterprise Value 30.3b)
FCF Margin = 21.32% (FCF TTM 1.54b / Revenue TTM 7.24b)
Net Margin = 9.19% (Net Income TTM 665.0m / Revenue TTM 7.24b)
Gross Margin = 62.91% ((Revenue TTM 7.24b - Cost of Revenue TTM 2.68b) / Revenue TTM)
Gross Margin QoQ = 51.45% (prev 52.34%)
Tobins Q-Ratio = 1.47 (Enterprise Value 30.3b / Total Assets 20.7b)
Interest Expense / Debt = 6.02% (Interest Expense 907.0m / Debt 15.1b)
Taxrate = 32.67% (313.0m / 958.0m)
NOPAT = 1.12b (EBIT 1.66b * (1 - 32.67%))
Current Ratio = 0.53 (Total Current Assets 2.75b / Total Current Liabilities 5.15b)
Debt / Equity = 6.13 (Debt 15.1b / totalStockholderEquity, last quarter 2.45b)
Debt / EBITDA = 4.25 (Net Debt 14.2b / EBITDA 3.34b)
Debt / FCF = 9.18 (Net Debt 14.2b / FCF TTM 1.54b)
Total Stockholder Equity = 3.14b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.73% (Net Income 665.0m / Total Assets 20.7b)
RoE = 21.15% (Net Income TTM 665.0m / Total Stockholder Equity 3.14b)
RoCE = 15.43% (EBIT 1.66b / Capital Employed (Equity 3.14b + L.T.Debt 7.65b))
RoIC = 6.75% (NOPAT 1.12b / Invested Capital 16.6b)
WACC = 4.49% (E(16.2b)/V(31.2b) * Re(4.89%) + D(15.1b)/V(31.2b) * Rd(6.02%) * (1-Tc(0.33)))
Discount Rate = 4.89% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -88.75 | Cagr: -1.11%
[DCF] Terminal Value 77.97% ; FCFF base≈1.37b ; Y1≈1.57b ; Y5≈2.31b
[DCF] Fair Price = 123.0 (EV 34.8b - Net Debt 14.2b = Equity 20.6b / Shares 167.7m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.22 | # QB: 0
Revenue Correlation: 62.33 | Revenue CAGR: 5.32% | SUE: 0.94 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.86 | Chg30d=+7.67% | Revisions=+25% | Analysts=2
EPS current Year (2026-12-31): EPS=4.90 | Chg30d=+3.19% | Revisions=-40% | GrowthEPS=+25.8% | GrowthRev=+49.4%
EPS next Year (2027-12-31): EPS=7.77 | Chg30d=+8.82% | Revisions=+25% | GrowthEPS=+58.6% | GrowthRev=+2.5%
[Analyst] Revisions Ratio: +0% (up=2, down=2)