Millicom International Cellular S.A. (TIGO)
UndervaluedFundamental
73
Price
$78.34
Market Cap
$13.69B
Part 1 · What the company is worth
Overview
Millicom International Cellular S.A. engages in the provision cable and mobile services in Latin America. The company offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance. In addition, the company provides fixed services, including broadband, fixed voice, and pay-TV; and fixed-voice and data telecommunications services, managed services, cloud and security solutions, and value-added services; and tower infrastructure and services. The company serves small, medium, and large businesses, as well as residential consumers and governmental entities. It markets its products and services under the Tigo and Tigo Business brands. The company was founded in 1990 and is headquartered in Luxembourg, Luxembourg.
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Direct competitors
Who this company fights with for the same customers
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No competitor list for this company yet.
Balance Sheet & Liquidity
Revenue
$7.24B
Trailing 12 months (through 6/30/2026)
Net Income
$665M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$1.88B
Total Equity
$2.45B
Total Liabilities
$12.10B
Current Ratio
0.54
Interest Coverage
-
Debt/EBITDA
3.91
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$114.68
Current Price
$78.34
Margin of Safety
+31.7%
Fair Value Range
$74.54 - $154.82
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
20.62
ROE
21.7%
P/B Ratio
5.58
P/FCF
7.29
Gross Margin
76.5%
ROIC
8.2%
Profitability Radar
Value Creation (Economic Moat)
ROIC
8.2%
WACC
5.2%
ROIC − WACC
+3.0 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
Fundamental Analysis Criteria
Passed (12)
- Price CAGR 9.65%
- ROIC 8.2%
- Gross margin 76.5%
- P/FCF 7.29
- Positive free cash flow
- CapEx intensity
- Debt/EBITDA
- DCF valuation (Undervalued)
- ROE 21.2%
- Revenue growth 5Y 6.9%
- Earnings quality (operating cash flow / net income) 1.70
- Net margin trend 22.6% vs 4.4%
Failed (5)
- P/B ratio 5.58
- Debt/equity ratio
- Current ratio
- Earnings surprise, average 0.0%
- Piotroski F-Score 2/9
Unavailable (9)
- EPS data insufficient
- Dividend payout –
- Operating margin –
- Interest coverage
- Return on tangible assets
- Low reliance on intangibles
- Price below Graham Number
- PEG ratio (needs P/E > 0 and growth > 0)
- Share dilution (missing share count)
Piotroski F-Score
Serious financial concerns
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
No institutional filings reported for this company.
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Marcelo Benitez | Chief Executive Officer | - |
| Mr. Bart Vanhaeren | Chief Financial Officer | - |
| Mr. Guillaume Duhaze | Chief Technology & Information Officer | - |
| Mr. Luca Pfeifer | Vice President of Investor Relations | - |
| Mr. Salvador Escalon J.D. | Executive VP and Chief Legal & Compliance Officer | 50 |
| Sofia Corral | Director of Corporate Communications | - |
| Mr. Karim Lesina | Executive VP & Chief External Affairs Officer | 50 |
Audit Risk
10
Board Risk
5
Compensation Risk
4
Shareholder Rights Risk
3
Documents
via SEC EDGAR
Part 2 · The price and its context
This part shows how the price has behaved, not whether the company is worth owning. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Market Reaction Profile
How much TIGO moves, measured on its daily prices.
More volatile than 68% of the tracked stocks (90-day volatility).
- Volatility 30d
- 43.9%
- Volatility 90d
- 45.0%
- Beta vs S&P 500 (1y)
- 0.30Correlation 0.09
- Max drawdown (12m)
- -24.9%
- ATR (14d, % of price)
- 4.03%
Earnings reactions
How TIGO moved around its past quarterly results.
Next earnings release
Nov 5, 2026 · In 12 days · Before the open
EPS estimate: 0.83Revenue estimate: $2.2B
What usually happens
- Not enough releases with data yet: we have 0, we need at least 4.
Release dates from SEC 8-K filings.
Updated 10/24/2026
Historical statistics for educational purposes only. They are not forecasts and not investment advice.
Price reaction to the news
Latest news on TIGO and what the price did next.
Return of the stock minus return of SPY over the same days. A news item close to a price move did not necessarily cause it. Historical data for educational purposes only, not investment advice.
Latest News
Recent headlines for TIGO.
- 5/13/2026NEUTRALMillicom Intl Cellular Q1 2026 Earnings Call Transcript
Millicom International Cellular S.A. has released its Q1 2026 Earnings Call Transcript. The document details the company's financial performance and strategic outlook for the first quarter of 2026. While specific financial figures and forward-looking statements are contained within the transcript, the release of the transcript itself is an informational event. Investors and analysts will review the content for insights into operational efficiency, market position, and future growth prospects. The neutral classification reflects the informational nature of the transcript release, pending detailed analysis of its contents for specific trading signals.
- 2/25/2026NEUTRALUncovering Potential: Millicom Intl Cellular's Earnings Preview
Investors are keenly awaiting the upcoming earnings release from Millicom International Cellular S.A., a pivotal event for assessing the company's financial health and future outlook. This earnings preview, while lacking specific details at this stage, draws attention to the performance of the telecommunications giant, primarily operating in Latin America. Analysts and shareholders will be looking for clear signals regarding subscriber growth, revenue trends, and profitability, all crucial elements in a competitive sector. Millicom's ability to manage costs and expand its customer base will be under scrutiny, providing vital insights into its market trajectory and potential influence on share value.