Millicom International Cellular (TIGO) Stock Price & Analysis
TIGO$79.80+0.14 +0.17%
$13.37B
Market Cap
20.02
P/E
19.68
Forward P/E
57
Score
Millicom International Cellular (TIGO) Stock Price & Analysis
TIGO price $79.80 +0.14 +0.17%
- Ticker
- TIGO
- Price
- $79.80
- Change
- +0.14 +0.17%
- Market cap ?
- $13.37B
- P/E ?
- 20.02
- Forward P/E ?
- 19.68
- Dividend yield ?
- 5.34%
- Beta ?
- 0.90
- Sector
- Communication Services
- Industry
- Telecommunications Services
- Stocklytics score
- 57
- Value
- 69
- Quality
- 54
- Growth
- 47
Stocklytics score rationale: value 69, quality 54, growth 47.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 4105000000 | 4076000000 | 3946000000 | 4336000000 | 4171000000 | 4261000000 | 5624000000 | 5661000000 | 5804000000 | 5819000000 |
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…
Fair value
TIGO fair value $121.30. Price $79.80. Price is 34% below fair value.
Below fair value, around its usual discount.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 1.54B. Growth 20.00%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 9.26% (beta 0.9). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 167.54M. Net debt 7.87B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-11-05 | — | 0.98 | — | 2.23B |
| 2026-08-06 | 0.64 | 0.71 | 2.18B | 2.13B |
| 2026-05-12 | 0.45 | 1.36 | 1.99B | 1.99B |
| 2026-02-26 | 1.50 | 1.05 | 1.65B | 1.57B |
| 2025-11-06 | 1.16 | 0.63 | 1.42B | 1.40B |
| 2025-08-07 | 4.05 | 0.63 | 1.37B | 1.40B |
| 2025-05-08 | 1.14 | 0.91 | 1.37B | 1.44B |
| 2025-02-27 | 0.20 | 0.78 | 1.43B | 1.47B |
| 2024-11-07 | 0.30 | 0.68 | 1.43B | 1.49B |
| 2024-08-02 | 0.46 | 0.51 | 1.46B | 1.48B |
| 2024-05-08 | 0.53 | 0.08 | 1.49B | 1.46B |
| 2024-02-27 | -0.37 | 0.29 | 1.48B | 1.45B |
| 2023-10-26 | -0.03 | 0.29 | 1.42B | 1.43B |
| 2023-07-27 | -0.13 | 0.25 | 1.39B | 1.41B |
| 2023-04-27 | 0.02 | 0.37 | 1.37B | 1.38B |
| 2023-02-10 | 0.33 | 0.27 | 1.38B | 1.42B |
| 2022-10-27 | -0.18 | 0.37 | 1.39B | 1.43B |
| 2022-07-28 | 0.11 | 0.27 | 1.45B | 1.46B |
| 2022-04-28 | 0.23 | 0.15 | 1.41B | 1.52B |
| 2022-02-11 | 6.41 | 0.33 | 1.25B | 1.64B |
| 2021-10-28 | 0.05 | 0.43 | 1.01B | 1.66B |
| 2021-07-29 | -0.98 | 0.10 | 1.00B | 1.61B |
| 2021-04-29 | 0.41 | 0.25 | 999.00M | 1.61B |
| 2021-02-11 | -0.55 | -0.10 | 1.09B | 3.43B |
| 2020-10-30 | -0.50 | -0.31 | 1.03B | 636.12M |
| 2020-07-30 | -0.87 | -0.04 | 970.00M | 1.43B |
| 2020-04-30 | -0.42 | 0.08 | 1.09B | 1.59B |
| 2020-02-25 | 0.49 | 0.30 | 1.15B | 5.52B |
| 2019-10-23 | -1.29 | -0.16 | 1.10B | 5.99B |
| 2019-07-18 | -0.19 | 0.28 | 1.05B | 1.56B |
| 2019-04-23 | 0.14 | 0.24 | 1.03B | 1.56B |
| 2019-02-07 | -0.94 | 0.35 | 980.00M | 4.26B |
| 2018-10-23 | 0.53 | — | 1.02B | — |
| 2018-07-23 | -0.05 | 0.59 | 1.00B | — |
| 2018-04-24 | 0.17 | 0.66 | 1.01B | — |
| 2018-02-06 | 0.69 | 0.19 | 1.06B | 1.57B |
| 2017-10-24 | 0.20 | 0.41 | 1.02B | 1.41B |
| 2017-07-20 | -0.28 | 0.43 | 1.00B | — |
| 2017-05-03 | 0.24 | 0.52 | 1.04B | — |
| 2017-02-08 | 0.39 | 0.39 | 1.12B | 1.12B |
Dividends
Yield 5.33%. Payout ratio 138.12%. Frequency Quarterly.
Safety score 68/100 · Moderate. Payout ratio is 138% of earnings, above what earnings cover. Dividends use a moderate share of free cash flow. Dividends were paid in 15 separate years. Yield is 5.3%, in a range that is usually sustainable.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| 2027-04-08 | $1.50 | 2027-04-08 | 2027-04-15 | Quarterly |
| 2027-01-08 | $1.50 | 2027-01-08 | 2027-01-15 | Quarterly |
| 2026-10-08 | $0.75 | 2026-10-08 | 2026-10-15 | Quarterly |
| 2026-07-08 | $0.75 | 2026-07-08 | 2026-07-15 | Semi-Annual |
| 2026-04-08 | $2.00 | 2026-04-08 | 2026-04-15 | Special |
| 2026-01-08 | $0.75 | 2026-01-08 | 2026-01-15 | Semi-Annual |
| 2025-10-08 | $2.00 | 2025-10-08 | 2025-10-15 | Special |
| 2025-07-08 | $0.75 | 2025-07-08 | 2025-07-15 | Quarterly |
| 2025-04-08 | $0.75 | 2025-04-08 | 2025-04-15 | Quarterly |
| 2025-01-03 | $1.00 | 2025-01-03 | 2025-01-10 | Quarterly |
| 2019-11-05 | $1.32 | 2019-11-06 | 2019-11-12 | Semi-Annual |
| 2019-05-03 | $1.32 | 2019-05-06 | 2019-05-10 | Semi-Annual |
| 2018-11-07 | $1.32 | 2018-11-08 | 2018-11-14 | Semi-Annual |
| 2018-05-07 | $1.32 | 2018-05-08 | 2018-05-15 | Semi-Annual |
| 2017-05-04 | $2.64 | 2017-05-08 | 2017-05-12 | Annual |
| 2016-05-18 | $2.64 | 2016-05-19 | 2016-05-25 | Annual |
| 2015-05-18 | $2.64 | 2015-05-19 | 2015-05-25 | Annual |
| 2014-05-28 | $2.64 | 2014-06-02 | 2014-06-05 | Annual |
| 2013-05-29 | $2.64 | 2013-05-31 | 2013-06-05 | Semi-Annual |
| 2012-12-07 | $3.00 | 2012-12-11 | 2012-12-14 | Semi-Annual |
| 2012-05-30 | $2.40 | 2012-06-01 | 2012-06-07 | Semi-Annual |
| 2011-12-05 | $3.00 | 2011-12-07 | 2011-12-13 | Semi-Annual |
| 2011-06-01 | $1.80 | 2011-06-03 | 2011-06-14 | Annual |
| 2010-05-26 | $6.00 | 2010-05-28 | 2010-06-03 | Annual |
| 2009-12-23 | $1.24 | 2009-12-28 | 2010-01-05 | Irregular |
| 2008-05-29 | $2.40 | 2008-06-02 | 2008-06-09 | Irregular |
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2027-01-01 | Vanhaeren Bart Kristof | Other | 8.30K | $20.30 | 168.41K |
| 2027-01-01 | Lesina Karim Antonio | Other | 19.82K | $20.30 | 402.26K |
| 2027-01-01 | Benitez Marcelo | Other | 31.82K | $20.30 | 646.03K |
| 2027-01-01 | Vianna Celso T | Other | 8.32K | $20.30 | 168.98K |
| 2027-01-01 | Escalon Salvador | Other | 27.94K | $20.30 | 567.12K |
| 2026-06-11 | Lesina Karim Antonio | Sell | 42.50K | $90.00 | 3.82M |
| 2026-05-20 | Trevino de Vega Blanca | Buy | 1.42K | — | — |
| 2026-05-20 | Trevino de Vega Blanca | Sell | 284 | $73.92 | 20.99K |
| 2026-05-20 | Dimovic Justine | Buy | 1.42K | — | — |
| 2026-05-20 | Dimovic Justine | Sell | 284 | $73.92 | 20.99K |
| 2026-05-20 | CHURCHILL BRUCE | Buy | 1.42K | — | — |
| 2026-05-20 | CHURCHILL BRUCE | Sell | 284 | $73.92 | 20.99K |
| 2026-05-20 | Arnal Maria Teresa | Buy | 1.42K | — | — |
| 2026-05-20 | Arnal Maria Teresa | Sell | 284 | $73.92 | 20.99K |
| 2026-03-18 | Benitez Marcelo | Other | 33.73K | — | — |
| 2026-03-18 | Lesina Karim Antonio | Other | 12.25K | — | — |
| 2026-03-18 | Vanhaeren Bart Kristof | Other | 6.94K | — | — |
| 2026-03-18 | Escalon Salvador | Other | 17.27K | — | — |
| 2026-03-18 | Vanhaeren Bart Kristof | Other | 0 | — | — |
| 2026-03-18 | Lesina Karim Antonio | Other | 0 | — | — |
| 2026-03-18 | Arnal Maria Teresa | Other | 0 | — | — |
| 2026-03-18 | Lombardini Maxime | Other | 0 | — | — |
| 2026-03-18 | Allemand Pierre-Alain | Other | 0 | — | — |
| 2026-03-18 | Durand Pierre-Emmanuel | Other | 0 | — | — |
| 2026-03-18 | Trevino de Vega Blanca | Other | 0 | — | — |
| 2026-03-18 | Benitez Marcelo | Other | 0 | — | — |
| 2026-03-18 | Vianna Celso T | Other | 0 | — | — |
| 2026-03-18 | Escalon Salvador | Other | 0 | — | — |
| 2026-03-18 | Duhaze Guillaume | Other | 0 | — | — |
| 2026-03-18 | Dimovic Justine | Other | 0 | — | — |
| 2026-03-18 | CHURCHILL BRUCE | Other | 0 | — | — |
| 2026-03-18 | Niel Jules | Other | 0 | — | — |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 446, holders +64 vs prior quarter. Ownership 46.44%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| DODGE & COX | 8.22M | 56.10K | +0.69% | 745.91M |
| BLACKROCK, INC. | 8.14M | 2.14M | +35.62% | 738.64M |
| JPMORGAN CHASE & CO | 6.75M | -676.04K | -9.11% | 622.52M |
| CAPITAL WORLD INVESTORS | 3.66M | 3.66M | New | 332.14M |
| STATE STREET CORP | 2.77M | 490.63K | +21.55% | 251.18M |
| BRANDES INVESTMENT PARTNERS, LP | 2.75M | -506.98K | -15.55% | 249.96M |
| BARCLAYS PLC | 2.67M | -270.78K | -9.20% | 242.54M |
| AXIOM INVESTORS LLC /DE | 1.59M | 1.38M | +625.26% | 144.76M |
| SWEDBANK AB | 1.55M | -60.83K | -3.79% | 140.23M |
| GEODE CAPITAL MANAGEMENT, LLC | 1.54M | 751.91K | +95.37% | 139.02M |
| NORTHERN TRUST CORP | 1.46M | 226.67K | +18.45% | 132.08M |
| UBS GROUP AG | 1.36M | 408.30K | +43.00% | 123.23M |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 1.31M | -96.06K | -6.83% | 118.85M |
| PERPETUAL LTD | 1.31M | -450.79K | -25.61% | 118.82M |
| GOLDMAN SACHS GROUP INC | 1.18M | -34.30K | -2.83% | 106.78M |
| NORGES BANK | 1.16M | 1.16M | New | 105.10M |
| MARATHON ASSET MANAGEMENT LTD | 1.07M | -40.51K | -3.66% | 96.82M |
| TREDJE AP-FONDEN | 1.04M | -218.10K | -17.31% | 94.55M |
| MORGAN STANLEY | 1.02M | 242.97K | +31.21% | 92.70M |
| TD ASSET MANAGEMENT INC | 908.56K | 148.88K | +19.60% | 82.46M |
| FIRST TRUST ADVISORS LP | 796.15K | 64.75K | +8.85% | 72.26M |
| CULLEN CAPITAL MANAGEMENT, LLC | 785.13K | -42.54K | -5.14% | 71.26M |
| BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. | 726.34K | -80.58K | -9.99% | 65.92M |
| AMERICAN CENTURY COMPANIES INC | 715.62K | -162.57K | -18.51% | 64.95M |
| ACADIAN ASSET MANAGEMENT LLC | 709.03K | 709.03K | New | 64.32M |
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