Millicom International Cellular S.A. (TIGO) is a publicly traded company in the Communication Services — Telecommunications Services industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
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.
Is Millicom International Cellular S.A. stock overvalued or undervalued in 2026?
Millicom International Cellular S.A. (TIGO) trades at 19.5× earnings (P/E), above the median of the 81 communication companies over $2bn in Kaplio's universe. At its sector median (19.1×) $76 (-2 %).
Kaplio overview: Millicom International Cellular S.A.
Market cap $13B · 52 weeks $46 – $104 (26 % below the high) · P/E 19.5× · 2027 est. P/E 12.7× · Dividend 5.5 % · Next earnings November 5, 2026 · expected EPS $0.98 · Closing price, Nov 2 · accounts published Aug 6.
- Valuation: TTM P/E 19.5× (fairly priced).
- Business: EBITDA margin 48.4 % (excellent).
- Balance sheet: Net debt/EBITDA 2.8× (solid).
- Earnings: 4 of 8 (uneven).
What would it be worth at its usual multiples?
At its sector median (19.1×) $76 (-2 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in communication: 5 of 7 pass
- 3y revenue growth −5.1 %, fails.
- EV/EBITDA vs own 5y 7.2×, fails.
- EBITDA margin 48.4 %, passes.
- FCF yield 9.1 %, passes.
- Capex / Revenue 11.2 %, passes.
- Net debt / EBITDA 2.8×, passes.
- Payout on FCF 63.7 %, passes.
Against its peers (reference peers) — Millicom International Cellular S.A.: P/E 19.5×; EV/EBITDA 7.2×; ROIC 6.9 %; $13.0B. Telefônica Brasil S.A. (P/E 14.9×; EV/EBITDA 4.3×; ROIC 7.9 %; $17.9B), TIM S.A. (P/E 10.7×; EV/EBITDA 3.9×; ROIC 13.6 %; $8.5B), Telecom Argentina S.A. (P/E 10.3×; EV/EBITDA 3.5×; ROIC 10.1 %; $4.9B).
Dividend
tight · Yield 5.5 % ($4.49 per ADS in 2025) · Free cash flow coverage 1.1× · With $1,000 invested today you'd collect $54.90 a year ($4.58 a month).
Profitability
| Return on Equity | 21.02% |
| Return on Invested Capital | 6.92% |
| Return on Assets | 3.22% |
| Gross Margin | 62.91% |
| Operating Margin | 24.02% |
| Net Margin | 9.19% |
Financial Health
| Debt / Equity | 4.70 |
| Current Ratio | 0.53 |
| Piotroski F-Score | 8 |
| Altman Z-Score | 1.28 |
Price Performance
| 1 month | -12.39% |
| 3 months | -15.70% |
| Year-to-date | +39.57% |
| 1 year | +66.73% |
| 3 years | +362.52% |
| 5 years | +115.12% |
| 10 years | +84.59% |
Dividend History
Paid in the last 12 months: $4.25 per share in 4 payments.
| Date | Amount |
|---|---|
| April 8, 2027 | $1.50 |
| January 8, 2027 | $1.50 |
| October 8, 2026 | $0.75 |
| July 8, 2026 | $0.75 |
| April 8, 2026 | $2.00 |
| January 8, 2026 | $0.75 |
| October 8, 2025 | $2.00 |
| July 8, 2025 | $0.75 |
| April 8, 2025 | $0.75 |
| January 3, 2025 | $1.00 |
Amounts adjusted for stock splits.
Related companies: LILA · AMX · VIV · TIMB · TEO
Explore sector: Communication Services · Telecommunications Services
More sections of TIGO: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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