(TIGO) Millicom International - Overview
Exchange: NASDAQ •
Country: Luxembourg •
Currency: USD •
Type: Common Stock •
ISIN: LU0038705702
Stock: Mobile, Cable, Broadband, Money, Tv
Total Rating 81
Risk 85
Buy Signal 0.63
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 14.53% |
| Yield on Cost 5y | 15.38% |
| Yield CAGR 5y | % |
| Payout Consistency | 23.1% |
| Payout Ratio | 65.0% |
| Risk 5d forecast | |
|---|---|
| Volatility | 31.5% |
| Relative Tail Risk | -8.88% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.82 |
| Alpha | 144.30 |
| Character TTM | |
|---|---|
| Beta | 0.140 |
| Beta Downside | 0.322 |
| Drawdowns 3y | |
|---|---|
| Max DD | 28.97% |
| CAGR/Max DD | 2.15 |
Description: TIGO Millicom International January 08, 2026
Millicom International Cellular S.A. (NASDAQ:TIGO) operates a diversified telecom portfolio across Latin America under the Tigo and Tigo Business brands, delivering mobile voice, data, and financial services (e.g., Tigo Money), as well as fixed broadband, pay-TV, cloud, security, and tower infrastructure to consumers, enterprises, and governments.
Key recent metrics: as of Q3 2024 the company reported ~38 million mobile subscribers and a mobile-money transaction volume exceeding $4 billion annually, reflecting a ~12 % YoY growth driven by rising unbanked populations and digital payments adoption in the region. EBITDA margin has stabilized around 38 % after cost-efficiency initiatives, while average revenue per user (ARPU) remains modest at roughly $5.2 per month, consistent with price-sensitive Latin American markets.
Sector drivers influencing Millicom’s outlook include continued GDP growth of 2-3 % in its core markets, accelerating 4G/5G rollout, and regulatory trends favoring mobile-money ecosystems. Conversely, currency volatility and competitive pressure from larger incumbents pose upside risk to profitability.
For a deeper quantitative assessment, you may explore ValueRay’s detailed financial models for TIGO.
Piotroski VR‑10 (Strict, 0-10) 7.5
| Net Income: 1.09b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 1.21 > 1.0 |
| NWC/Revenue: -4.52% < 20% (prev -1.52%; Δ -3.00% < -1%) |
| CFO/TA 0.12 > 3% & CFO 1.82b > Net Income 1.09b |
| Net Debt (6.73b) to EBITDA (3.17b): 2.12 < 3 |
| Current Ratio: 0.92 > 1.5 & < 3 |
| Outstanding Shares: last quarter (168.1m) vs 12m ago -2.64% < -2% |
| Gross Margin: 71.65% > 18% (prev 0.53%; Δ 7112 % > 0.5%) |
| Asset Turnover: 37.72% > 50% (prev 41.59%; Δ -3.87% > 0%) |
| Interest Coverage Ratio: 3.39 > 6 (EBITDA TTM 3.17b / Interest Expense TTM 641.0m) |
Altman Z'' 1.67
| A: -0.02 (Total Current Assets 3.10b - Total Current Liabilities 3.35b) / Total Assets 15.59b |
| B: 0.18 (Retained Earnings 2.83b / Total Assets 15.59b) |
| C: 0.15 (EBIT TTM 2.17b / Avg Total Assets 14.83b) |
| D: 0.19 (Book Value of Equity 2.36b / Total Liabilities 12.28b) |
| Altman-Z'' Score: 1.67 = BB |
Beneish M -2.97
| DSRI: 1.51 (Receivables 699.0m/485.0m, Revenue 5.59b/5.85b) |
| GMI: 0.74 (GM 71.65% / 53.02%) |
| AQI: 0.93 (AQ_t 0.51 / AQ_t-1 0.54) |
| SGI: 0.96 (Revenue 5.59b / 5.85b) |
| TATA: -0.05 (NI 1.09b - CFO 1.82b) / TA 15.59b) |
| Beneish M-Score: -2.97 (Cap -4..+1) = A |
What is the price of TIGO shares?
As of January 30, 2026, the stock is trading at USD 62.22 with a total of 876,468 shares traded.
Over the past week, the price has changed by +2.74%, over one month by +14.21%, over three months by +35.62% and over the past year by +151.54%.
Over the past week, the price has changed by +2.74%, over one month by +14.21%, over three months by +35.62% and over the past year by +151.54%.
Is TIGO a buy, sell or hold?
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
What are the forecasts/targets for the TIGO price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 58 | -6.8% |
| Analysts Target Price | 58 | -6.8% |
| ValueRay Target Price | 74.3 | 19.5% |
TIGO Fundamental Data Overview January 24, 2026
P/E Trailing = 9.1342
P/E Forward = 15.1286
P/S = 1.8088
P/B = 2.9803
P/EG = 0.5167
Revenue TTM = 5.59b USD
EBIT TTM = 2.17b USD
EBITDA TTM = 3.17b USD
Long Term Debt = 5.82b USD (from longTermDebt, last quarter)
Short Term Debt = 656.0m USD (from shortTermDebt, last quarter)
Debt = 8.44b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.73b USD (from netDebt column, last quarter)
Enterprise Value = 16.85b USD (10.12b + Debt 8.44b - CCE 1.71b)
Interest Coverage Ratio = 3.39 (Ebit TTM 2.17b / Interest Expense TTM 641.0m)
EV/FCF = 14.44x (Enterprise Value 16.85b / FCF TTM 1.17b)
FCF Yield = 6.92% (FCF TTM 1.17b / Enterprise Value 16.85b)
FCF Margin = 20.86% (FCF TTM 1.17b / Revenue TTM 5.59b)
Net Margin = 19.57% (Net Income TTM 1.09b / Revenue TTM 5.59b)
Gross Margin = 71.65% ((Revenue TTM 5.59b - Cost of Revenue TTM 1.59b) / Revenue TTM)
Gross Margin QoQ = 77.96% (prev 76.97%)
Tobins Q-Ratio = 1.08 (Enterprise Value 16.85b / Total Assets 15.59b)
Interest Expense / Debt = 2.05% (Interest Expense 173.0m / Debt 8.44b)
Taxrate = 29.41% (85.0m / 289.0m)
NOPAT = 1.53b (EBIT 2.17b * (1 - 29.41%))
Current Ratio = 0.92 (Total Current Assets 3.10b / Total Current Liabilities 3.35b)
Debt / Equity = 2.53 (Debt 8.44b / totalStockholderEquity, last quarter 3.34b)
Debt / EBITDA = 2.12 (Net Debt 6.73b / EBITDA 3.17b)
Debt / FCF = 5.77 (Net Debt 6.73b / FCF TTM 1.17b)
Total Stockholder Equity = 3.47b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.38% (Net Income 1.09b / Total Assets 15.59b)
RoE = 31.52% (Net Income TTM 1.09b / Total Stockholder Equity 3.47b)
RoCE = 23.37% (EBIT 2.17b / Capital Employed (Equity 3.47b + L.T.Debt 5.82b))
RoIC = 16.28% (NOPAT 1.53b / Invested Capital 9.41b)
WACC = 4.16% (E(10.12b)/V(18.56b) * Re(6.43%) + D(8.44b)/V(18.56b) * Rd(2.05%) * (1-Tc(0.29)))
Discount Rate = 6.43% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -1.07%
[DCF Debug] Terminal Value 88.43% ; FCFF base≈1.05b ; Y1≈1.30b ; Y5≈2.21b
Fair Price DCF = 345.3 (EV 64.42b - Net Debt 6.73b = Equity 57.69b / Shares 167.1m; r=5.90% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 37.34 | EPS CAGR: -11.31% | SUE: -0.62 | # QB: 0
Revenue Correlation: 35.26 | Revenue CAGR: 3.35% | SUE: 0.55 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.54 | Chg30d=+0.602 | Revisions Net=+1 | Analysts=1
EPS next Year (2026-12-31): EPS=3.78 | Chg30d=+0.008 | Revisions Net=+2 | Growth EPS=+27.7% | Growth Revenue=+17.9%
P/E Forward = 15.1286
P/S = 1.8088
P/B = 2.9803
P/EG = 0.5167
Revenue TTM = 5.59b USD
EBIT TTM = 2.17b USD
EBITDA TTM = 3.17b USD
Long Term Debt = 5.82b USD (from longTermDebt, last quarter)
Short Term Debt = 656.0m USD (from shortTermDebt, last quarter)
Debt = 8.44b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.73b USD (from netDebt column, last quarter)
Enterprise Value = 16.85b USD (10.12b + Debt 8.44b - CCE 1.71b)
Interest Coverage Ratio = 3.39 (Ebit TTM 2.17b / Interest Expense TTM 641.0m)
EV/FCF = 14.44x (Enterprise Value 16.85b / FCF TTM 1.17b)
FCF Yield = 6.92% (FCF TTM 1.17b / Enterprise Value 16.85b)
FCF Margin = 20.86% (FCF TTM 1.17b / Revenue TTM 5.59b)
Net Margin = 19.57% (Net Income TTM 1.09b / Revenue TTM 5.59b)
Gross Margin = 71.65% ((Revenue TTM 5.59b - Cost of Revenue TTM 1.59b) / Revenue TTM)
Gross Margin QoQ = 77.96% (prev 76.97%)
Tobins Q-Ratio = 1.08 (Enterprise Value 16.85b / Total Assets 15.59b)
Interest Expense / Debt = 2.05% (Interest Expense 173.0m / Debt 8.44b)
Taxrate = 29.41% (85.0m / 289.0m)
NOPAT = 1.53b (EBIT 2.17b * (1 - 29.41%))
Current Ratio = 0.92 (Total Current Assets 3.10b / Total Current Liabilities 3.35b)
Debt / Equity = 2.53 (Debt 8.44b / totalStockholderEquity, last quarter 3.34b)
Debt / EBITDA = 2.12 (Net Debt 6.73b / EBITDA 3.17b)
Debt / FCF = 5.77 (Net Debt 6.73b / FCF TTM 1.17b)
Total Stockholder Equity = 3.47b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.38% (Net Income 1.09b / Total Assets 15.59b)
RoE = 31.52% (Net Income TTM 1.09b / Total Stockholder Equity 3.47b)
RoCE = 23.37% (EBIT 2.17b / Capital Employed (Equity 3.47b + L.T.Debt 5.82b))
RoIC = 16.28% (NOPAT 1.53b / Invested Capital 9.41b)
WACC = 4.16% (E(10.12b)/V(18.56b) * Re(6.43%) + D(8.44b)/V(18.56b) * Rd(2.05%) * (1-Tc(0.29)))
Discount Rate = 6.43% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -1.07%
[DCF Debug] Terminal Value 88.43% ; FCFF base≈1.05b ; Y1≈1.30b ; Y5≈2.21b
Fair Price DCF = 345.3 (EV 64.42b - Net Debt 6.73b = Equity 57.69b / Shares 167.1m; r=5.90% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 37.34 | EPS CAGR: -11.31% | SUE: -0.62 | # QB: 0
Revenue Correlation: 35.26 | Revenue CAGR: 3.35% | SUE: 0.55 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.54 | Chg30d=+0.602 | Revisions Net=+1 | Analysts=1
EPS next Year (2026-12-31): EPS=3.78 | Chg30d=+0.008 | Revisions Net=+2 | Growth EPS=+27.7% | Growth Revenue=+17.9%