Stock Analysis
Millicom International Cellular S.A.TIGO
P/E 10.56×· 5Y range 3.06–37.05×· 39th percentile of history
Sector: Communication Services · Industry: Telecom Services
AnalystsSell13 analystsP/E 10.6× sits at the 39th percentile of its 5.0513347022587265-year history.
Cash covers 7% of debt · FY 2025.
PMP Verdict
Mixed fundamentals, fairly valued
Strengths
- Profitability87
- Quality85
Risks
- Financial Health21
Mixed picture — no clear quality or value edge.
Bull Case
- ✓ROE 52.8% — efficient capital deployment
What's happening with TIGO
Profile
Strong profitability, earnings quality and valuation; financial health lags behind.
How is each axis scored?
- Valuation77/100 · Strong
- P/E vs own history (39th pct)20/25
- FCF yield (10.5%)25/25
- P/S (2.4x)20/25
- EV/EBIT (16.6x)12/25
- Growth62/100 · Moderate
- Revenue CAGR (8.1%)12/25
- Net income CAGR (22.2%)25/25
- EPS CAGR 5Y (22.8%)25/25
- Fwd implied growth (-34.4%)0/25
- Profitability87/100 · Strong
- ROIC (8.7%)12/25
- ROE (52.8%)25/25
- Net margin (22.6%)25/25
- Operating margin (25.9%)25/25
- Financial Health21/100 · Weak
- Altman Z (1.00)3/25
- Current ratio (0.54)0/25
- Interest coverage (5.2x)18/25
- Net cash / debt (D/A 54%)0/25
- Quality85/100 · Strong
- Piotroski F (5/9)15/25
- Beneish M (-2.78)25/25
- FCF conversion (111%)25/25
- Margin stability (σ 5.9%)20/25
- Moat55/100 · Moderate
- ROIC >12% years (0/5 yrs)0/25
- Median gross margin (73.4%)25/25
- FCF-positive years (5/5 yrs)25/25
- Worst-year net margin (worst -1.4%)5/25
Risk Flags
- ⚠Altman Z 1.0 — distress-zone balance sheet
About Millicom International Cellular S.A.
Millicom offers wireless and fixed-line telecom services primarily in smaller, less developed countries in Latin America. Show more
Countries served include Bolivia, Nicaragua, Panama, El Salvador, Guatemala, Paraguay, Colombia, Ecuador, Uruguay, and Honduras (67% but not controlled or consolidated in the firm's financial statements). The firm's wireless networks cover about 145 million people, serving more than 55 million customers. Its fixed-line networks reach 22 million homes, serving about 5.5 million broadband customers. Increasingly, Millicom offers converged packages that include broadband with wireless services. The firm also acquired Telefónica's operations in Chile via a joint venture.
Employees: 15,000 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
77B+P/E (TTM)10.6xA
Grade A: CheapPrice / TTM EPS (own statements) — vs own 5Y history: 3.1x–37.1x · 39th pct
P/FCF12.1xA
Grade A: CheapPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield10.5%A
Grade A: ValueTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 7.6%–40.1% · 16th pct
P/S (TTM)2.39xB
Grade B: FairPrice / TTM Revenue (own statements) — vs own 5Y history: 0.4x–3.0x · 91st pct
EV/EBIT16.6xB
Grade B: FairEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 8.8x–32.1x · 66th pct
EV/Sales3.4xB
Grade B: FairEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E16.1xB
Grade B: FairPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio5.58xC
Grade C: ExpensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio—
Finnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield6.74%C
Grade C: HighTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio138.1%D
Grade D: UnsustainableDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
87AROIC8.7%C
Grade C: AverageNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE52.8%A
Grade A: StrongReturn on Equity. Neg. equity = heavy buybacks
ROA3.6%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin22.6%A
Grade A: HighNet Income / Revenue
Operating Margin25.9%A
Grade A: HighTTM EBIT / TTM Revenue
Gross Margin77.5%A
Grade A: PremiumGross Profit / Revenue
FCF Margin25.2%A
Grade A: HighFCF / Revenue
True FCF Margin25.1%A
Grade A: HighTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
62BRevenue CAGR8.1%C
Grade C: OkCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR22.2%A
Grade A: HighCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)22.8%A
Grade A: HighCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth-34.4%D
Grade D: Decl.Analyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)—
Share count change over 5Y
SBC / Net Income0.5%A
Grade A: LowStock-based comp/Net income. >30% = dilution risk
SBC / Revenue0.1%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
21EAltman Z-Score1.00D
Grade D: DistressBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio0.54xD
Grade D: LowCurrent Assets/Liabilities
Quick Ratio0.48xD
Grade D: Low(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage5.2xC
Grade C: OkEBIT/Interest. >10 Strong
Debt Repayment7.7yC
Grade C: AverageYears to repay net debt via FCF
Net Debt/EBIT7.4xD
Grade D: HighLeverage. <2x Low, >4x High
Debt/Equity4.85xD
Grade D: HighDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.07xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
85APiotroski F-Score5/9C
Grade C: AverageFinancial strength 0–9. >7 Strong
Beneish M-Score-2.78A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion111.4%A
Grade A: StrongFCF / Net Income
Margin Stability5.9%A
Grade A: StableEBIT margin std deviation. Lower = stable
Capex / Revenue13.3%C
Grade C: AverageTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.39xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 records| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Lesina Karim Antonio Filed | Lesina Karim Antonio | SellOpen market sale | -42497 | |
Escalon Salvador Filed | Escalon Salvador | SellOpen market sale | -40788 | |
Escalon Salvador Filed | Escalon Salvador | SellOpen market sale | -8500 | |
Dimovic Justine Filed | Dimovic Justine | SellOpen market sale | -284 | |
Dimovic Justine Filed | Dimovic Justine | Grant / award | +1.4K |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Trevino de Vega Blanca Filed | Trevino de Vega Blanca | SellOpen market sale | -284 | |
Trevino de Vega Blanca Filed | Trevino de Vega Blanca | Grant / award | +1.4K | |
Arnal Maria Teresa Filed | Arnal Maria Teresa | SellOpen market sale | -284 |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
55CROIC >12% Years0/5 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)73.4%A
Grade A: DurableMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years5/5 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor-1.4%D
Grade D: WeakWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$7.85
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$5.09
Cash & short-term investments per share (Finnhub)
Book Value / Share$14.53
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$12.10B
Total debt obligations (short + long term)
Cash & Equiv.$861.00M
Cash and short-term investments
Net Debt$11.23B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$2.49B
Shareholders' equity (book value)
Asset / Liability1.14xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$13.90B
Current Market Capitalization
Beta0.95B
Grade B: MarketPrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Dec 2025 · Ratio snapshot Oct 17, 2026
Key Insights: Millicom International Cellular S.A. (TIGO)
TIGO is up 0.97% at the last close. Piotroski F-Score of 5/9 indicates mixed fundamentals for Millicom International Cellular S.A.. Altman Z-Score of 1.00 is below the 1.81 distress threshold — an elevated financial-risk flag. Beneish M-Score of -2.78 suggests a low likelihood of earnings manipulation. Millicom International Cellular S.A. converts about 25% of revenue into free cash flow — strong cash generation.
- Takes ~7.7 years to repay net debt from free cash flow.
- Millicom International Cellular S.A. posted a net loss in 1 of 5 available completed fiscal years (2021–2025).
- At a valuation score of 77/100, TIGO trades near the cheapest end of its own historical range (P/E 10.6).
- Return on equity of 52.8% is well above the market average.
- The stock currently yields 6.7% in dividends.
See how TIGO ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all TIGO moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 9 | Regular | 81.34 | -7.52% | -3.46 |
| Oct 9 | After-hours | 79.99 | -9.06% | -4.25 |
| Sep 30 | Regular | 87.52 | -4.60% | -2.67 |
Frequently Asked Questions about TIGO
What is the current Millicom International Cellular S.A. (TIGO) stock price?
TIGO is trading at $82.86 at the last market close, up 0.97% on the session. PreMarketPrice tracks TIGO pre-market, intraday and after-hours prices.
Is TIGO stock a buy right now?
PreMarketPrice's quantitative model rates Millicom International Cellular S.A.'s financial health at 21/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is TIGO stock overvalued?
Millicom International Cellular S.A. trades at a trailing P/E of 10.6 and our valuation score rates it 77/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Millicom International Cellular S.A. report earnings?
No confirmed earnings date is currently scheduled for TIGO. The Earnings section lists recent reports and updates as dates are announced.
What sector does Millicom International Cellular S.A. operate in?
Millicom International Cellular S.A. operates in the Communication Services sector, within the Telecom Services industry. The Related Stocks section lists sector peers for comparison.
What does Millicom International Cellular S.A. do?
Millicom offers wireless and fixed-line telecom services primarily in smaller, less developed countries in Latin America.
About Millicom International Cellular S.A. (TIGO) Stock
Millicom International Cellular S.A. (TIGO) is a US-listed stock operating in the Communication Services sector, specifically the Telecom Services industry. As of the latest update, Millicom International Cellular S.A. is trading at $82.86, up 0.97% on the day with a market capitalization of $13.9 billion. The financial health score for TIGO is 21/100, which indicates poor financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for TIGO stock.
TIGO Stock Analysis & Key Metrics
On PreMarketPrice, you can track Millicom International Cellular S.A. (TIGO) across multiple dimensions:
- Pre-market price & movement: Real-time TIGO stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for TIGO with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Millicom International Cellular S.A. across multiple reporting periods.
- Financial health score: A composite score of 21/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for TIGO.
- Sector peers: Compare TIGO against 5 other communication services stocks on key financial metrics.
Is TIGO a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Millicom International Cellular S.A. (TIGO) as an investment. The financial health score of 21/100 suggests poor financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Millicom International Cellular S.A. (TIGO) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.