Wall Street analyst estimates for Millicom International Cellular S.A. (TIGO): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
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.
Consensus price target
$89.78 (+16% vs price $77.51)
between $60.10 and $105.00 · 3 targets published in the last quarter
Closing price, Nov 3
A twelve-month target is not a fair value: compare it with the range in the Valuation tab.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2028E | $9.5B | $9.2B – $9.9B | $7.45 | 5 |
Figures in USD · consensus as of November 1, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 3 |
| Hold | 7 |
| Sell | 1 |
| Strong Sell | 0 |
| Total analysts | 11 |
| Avg rating (−2 sell to +2 buy) | 0.18 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-11-05 | $0.98 | ||
| 2026-08-06 | $0.64 | $0.71 | -9.9% |
| 2026-05-12 | $0.45 | $1.36 | -67.1% |
| 2026-02-26 | $1.50 | $1.05 | +42.9% |
| 2025-11-06 | $1.16 | $0.63 | +83.5% |
| 2025-08-07 | $4.05 | $0.63 | +544.9% |
| 2025-05-08 | $1.14 | $0.91 | +25.3% |
| 2025-02-27 | $0.20 | $0.78 | -74.4% |
Valuation Ratios
| P/E Ratio | 19.57 |
| Price / Book | 5.13 |
| Dividend Yield | 5.49% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.11B | $4.08B | $3.95B | $4.34B | $4.17B | $4.26B | $5.62B | $5.66B | $5.80B | $5.82B |
| Cost of Revenue | $2.06B | $2.50B | $2.42B | $2.80B | $2.86B | $2.79B | $1.51B | $3.46B | $1.42B | $1.31B |
| Gross Profit | $2.04B | $1.58B | $1.53B | $1.54B | $1.31B | $1.48B | $4.12B | $2.20B | $4.38B | $4.51B |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $1.66B | $1.14B | $1.12B | $1.11B | $1.07B | $1.07B | $1.06B | $1.43B | $1.08B | $1.76B |
| Operating Expenses | $1.66B | $1.14B | $1.12B | $1.11B | $1.07B | $1.07B | $3.20B | $1.43B | $3.04B | $2.87B |
| Operating Income | $381.0M | $436.0M | $410.0M | $430.0M | $240.0M | $404.0M | $915.0M | $773.0M | $1.34B | $1.64B |
| EBITDA | $1.25B | $1.35B | $1.29B | $1.73B | $1.38B | $2.16B | $2.16B | $2.19B | $2.36B | $2.82B |
| Interest Expense | $352.0M | $352.0M | $362.0M | $552.0M | $609.0M | $489.0M | $617.0M | $711.0M | $717.0M | $702.0M |
| Pre-tax Income | $88.0M | $176.0M | $119.0M | $218.0M | -$271.0M | $728.0M | $238.0M | $175.0M | $552.0M | $1.67B |
| Income Tax | $179.0M | $158.0M | $112.0M | $121.0M | $102.0M | $158.0M | $222.0M | $424.0M | $281.0M | $303.0M |
| Net Income | -$45.0M | $47.0M | $19.0M | $75.0M | -$344.0M | $590.0M | $57.0M | -$82.0M | $253.0M | $1.32B |
| EPS | -$0.35 | $0.37 | $0.15 | $0.58 | -$2.67 | $3.60 | $0.41 | -$0.48 | $1.48 | $7.86 |
| EPS (Diluted) | -$0.35 | $0.37 | $0.15 | $0.58 | -$2.67 | $3.59 | $0.41 | -$0.48 | $1.47 | $7.83 |
| Shares Outstanding (Diluted) | 127.8 M | 127.9 M | 128.4 M | 128.8 M | 128.9 M | 164.5 M | 139.7 M | 171.4 M | 172.6 M | 168.1 M |
Price
| Price | $77.51 (closing price, November 3, 2026) |
| Market Cap | $13.0B |
| Exchange | NASDAQ |
| Country | LU |
Related companies: LILA · AMX · VIV · TIMB · TEO
Explore sector: Communication Services · Telecommunications Services
More sections of TIGO: Overview · Financials · Valuation · Technical · Ownership
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