NASDAQ · Telecommunications Services

Millicom International Cellular S.A. (TIGO) Stock

$91.79 -1.15% NASDAQ: TIGO Communication Services

Millicom International Cellular S.A. engages in the provision cable and mobile services in Latin America.

Valuation

MetricValue
Price$91.79
Market Cap$15.38B
P/E Ratio10.23
P/B Ratio3.68
P/S Ratio2.07
EPS (TTM)$7.83
52-Week High$99.82
52-Week Low$35.80
Dividend Yield6.86%

Financials & Margins

MetricValue
ROE37.87%
ROA6.09%
ROCE45.28%
Gross Margin72.34%
Operating Margin26.71%
Net Margin19.16%
Debt/Equity3.74
Current Ratio0.88

Annual Financials (USD)

Metric20212022202320242025
Revenue$4.3B$5.6B$5.7B$5.8B$5.8B
Operating Profit$404.0M$915.0M$773.0M$1.3B$1.6B
Net Profit$590.0M$57.0M$-82.0M$253.0M$1.3B
EPS$3.59$0.41$-0.48$1.47$7.83
Op Margin9.5%16.3%13.7%23.1%28.2%

Balance Sheet (USD)

Metric20212022202320242025
Total Assets$15.1B$14.2B$14.5B$13.7B$17.3B
Total Liabilities$12.4B$10.6B$11.1B$10.2B$13.6B
Cash$895.0M$1.0B$775.0M$699.0M$1.6B
Borrowings$8.9B$7.8B$7.7B$6.8B$9.5B

Latest News

UBS Adjusts Price Target on Millicom International Cellular to $100 From $90, Maintains Neutral Rating MT Newswires · Jul 14, 2026 Millicom International Cellular Insider Sold Shares Worth $3,824,730, According to a Recent SEC Filing MT Newswires · Jun 15, 2026 VEON Closes USD 1.4B Bond Offering & Refinances 2027 Debt Ahead of Schedule Exec Edge · Jun 2, 2026 Millicom International Cellular Shares Fall After Downgrade From UBS MT Newswires · May 26, 2026 UBS Downgrades Millicom International Cellular to Neutral From Buy, Adjusts Price Target to $90 From $87.50 MT Newswires · May 26, 2026

Cash Flow (USD)

Metric20212022202320242025
Operating Cash Flow$956.0M$1.3B$1.2B$1.7B$1.8B
Investing Cash Flow$-3.6B$-2.2B$-2.3B$-1.2B$-1.1B
Financing Cash Flow$-57.0M$-4.0M$70.0M$-304.0M$-122.0M
Net Cash Flow$20.0M$144.0M$-264.0M$-75.0M$846.0M
Free Cash Flow$48.0M$212.0M$40.0M$1.1B$1.2B

Valuation & Return Ratios

MetricValue
PEG Ratio1.03
EV / EBITDA8.28
FCF Yield8.73%
Quick Ratio0.85
Interest Coverage—
Return 1Y164.41%
Return 3Y607.22%
Return 5Y186.71%

Ownership

Insiders Held46.10%
Institutions Held46.32%
Institutions Float Held85.94%
Institutional HolderSharesReport Date
Dodge & Cox Inc.8,162,4322026-03-31
JPMORGAN CHASE & CO7,423,4882026-03-31
Blackrock Inc.6,000,8972026-03-31
Brandes Investment Partners L.P.3,261,0162026-03-31
Barclays Plc2,943,1232026-03-31

Peer Comparison

TickerPriceChangeP/EMarket CapDiv Yield
ATNI $31.97 +4.37% -27.95 $491.73M 4.02%
CCOICogent Communications Holdings, Inc. $11.94 +0.61% -3.34 $598.03M 0.67%
CHTRCharter Communications, Inc. $123.31 -2.52% 4.33 $16.62B 0.00%
KT $18.73 +0.92% 9.67 $9.03B 4.47%
LBRDA $32.27 -1.80% -1.78 $4.64B 0.00%

About Millicom International Cellular S.A.

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.

Millicom International Cellular S.A. is led by CEO Marcelo Benitez, employs 14,250 people, headquartered in Luxembourg, LU, publicly traded since 2019.

Millicom International Cellular S.A. (TIGO) stock trades at $91.79 with a market capitalization of $15.38B. The stock is valued at a price-to-earnings (P/E) ratio of 10.23, price-to-book of 3.68, price-to-sales of 2.07. Over the past 52 weeks the stock has ranged between $35.80 and $99.82, and currently trades 8.0% below its 52-week high. It pays a dividend yielding 6.86%.

On profitability, Millicom International Cellular S.A. generates a return on equity (ROE) of 37.87% — well above the market average, a sign of a high-quality business, return on capital employed of 45.28%, an operating margin of 26.71%, a net profit margin of 19.16%.

In its most recent fiscal year, Millicom International Cellular S.A. reported annual revenue of $5.8B, net profit of $1.3B, revenue has compounded at 6.9% a year over the last five years.

The balance sheet shows a debt-to-equity ratio of 3.74 — a leveraged balance sheet worth monitoring, a current ratio of 0.88, total assets of $17.3B, $1.6B in cash and equivalents.

TIGO has an average daily trading volume of 1,799,340 shares, a beta of 0.90.

Official website: www.millicom.com

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