Stock AnalizMillicom International Cellular SA TIGO
Telecommunications Equipment · data as of November 13, 2026
Millicom International Cellular SA (TIGO) is a telecom company listed in the US with a market value of about $13.3B. In the twelve months to September 30, 2026 it had revenue of $8.1B and net income of $568M, a net margin of 7.0%.
Its overall Stock Analiz score is 2.4 out of 5 (weak). The strongest part is value (3/5); the weakest is future growth (2/5).
Key numbers: a P/E of 23.4, a price to free cash flow of 9.9, 5-year revenue growth of 9% a year, a 5-year average ROIC of 8%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 22% above the current price.
Score: 2.4 / 5
Checks passed
- P/E below 25
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- 5-year revenue growth above 8% a year
- ROE above 15%
- Positive free cash flow
Checks not passed
- P/E below the industry median
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
- 5-year average ROIC above 12%
- Profitable 5 years in a row
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.1B | $5.8B | $5.8B | $5.7B | $5.6B | $4.3B | $3.8B | $4.3B | $3.9B | $3.9B | $4.0B |
| Net income | $568M | $1.3B | $253M | -$82M | $177M | $590M | -$344M | $149M | -$10M | $87M | -$32M |
| Free cash flow | $1.3B | $1.1B | $1.1B | $409M | $484M | $216M | $199M | $65M | $160M | $170M | $159M |
| EPS (diluted) | $3.39 | $7.85 | $1.51 | $-0.49 | $1.06 | $3.52 | $-2.05 | $0.89 | $-0.06 | $0.52 | $-0.19 |
| Net margin | 7.0% | 22.6% | 4.4% | -1.5% | 3.1% | 13.9% | -9.0% | 3.4% | -0.2% | 2.2% | -0.8% |
| ROIC | — | 12.7% | 11.2% | 6.4% | 6.9% | 4.7% | 4.1% | 5.4% | 7.1% | 7.3% | 11.5% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 8 analysts is $98.14, 24% above the current price; targets range from $60.10 to $132.00; the consensus rating is “Buy”; expected EPS is $4.96 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Millicom International Cellular SA’s P/E ratio?
About 23.4, based on the last twelve months of diluted earnings per share (forward P/E about 11.7).
Is Millicom International Cellular SA stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 22% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Millicom International Cellular SA pay a dividend?
Yes. The dividend yield is about 3.35%, and it has paid dividends for 5 years in our data.
Is Millicom International Cellular SA a good stock to buy?
We do not give buy or sell advice. Millicom International Cellular SA scores 2.4 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.