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Description
Millicom International Cellular S.A. provides fixed and mobile services dedicated to emerging markets.
The company uses the Tigo brand in all of the countries in which it does business. Through the company’s main brands, Tigo and Tigo Business, the…
Analysis
Middle-of-the-road
Millicom International Cellular S.A. is a middle-of-the-road business: neither the economics nor the price stand out from the peer group. One caution: reported profits have recently run ahead of actual cash, which we track closely.
The price is attractive. You pay 8.8× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone. At today's price, the market is assuming roughly -5% yearly growth; analysts expect 29%. The price, in other words, assumes less than the experts do.
The trajectory is solid and the balance sheet is stretched. The company scores 18/20 on our value-creation score: strong value creator.
What to watch: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.
360° rank · history
1007550250
Jan 202355
55
2023202420252026
All-time high
90
Dec 2025
All-time low
8
Jan 2024
Average rank
66
across all years
Detailed & Historical Ranks
Deep dive into 15 detailed ranks and 3 years of history.
Current202520242023
Price/Sales
52
59
80
100
Price/Earnings
24
70
22
57
Price/Book
24
61
65
59
Dividend Yield
51
61
1
1
Value (overall)
26
56
34
57
Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.