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Millicom International Cellular SA (TIGO)

Upturn stock ratingUpturn stock rating
$29.6
Delayed price
Today's Top PicksToday’s top pick
Profit since last BUY9.59%
upturn advisory
Strong Buy
BUY since 46 days
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  • SELL Advisory (Loss)​
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Upturn Advisory Summary

03/24/2025: TIGO (3-star) is a STRONG-BUY. BUY since 46 days. Profits (9.59%). Updated daily EoD!

Upturn Star Rating

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Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

AI Based Fundamental Rating

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Above Average Performance

These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.

Analysis of Past Performance

Type Stock
Historic Profit 39.74%
Avg. Invested days 53
Today’s Advisory Strong Buy
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
Stock Returns Performance Upturn Returns Performance 3.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 03/24/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 5.06B USD
Price to earnings Ratio 20.3
1Y Target Price 35.11
Price to earnings Ratio 20.3
1Y Target Price 35.11
Volume (30-day avg) 874826
Beta 1.23
52 Weeks Range 18.72 - 31.63
Updated Date 04/1/2025
52 Weeks Range 18.72 - 31.63
Updated Date 04/1/2025
Dividends yield (FY) 5.78%
Basic EPS (TTM) 1.48

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 4.36%
Operating Margin (TTM) 25.14%

Management Effectiveness

Return on Assets (TTM) 5.7%
Return on Equity (TTM) 7.72%

Valuation

Trailing PE 20.3
Forward PE 11.79
Enterprise Value 11262141440
Price to Sales(TTM) 0.88
Enterprise Value 11262141440
Price to Sales(TTM) 0.88
Enterprise Value to Revenue 1.92
Enterprise Value to EBITDA 4.73
Shares Outstanding 168248992
Shares Floating 98061193
Shares Outstanding 168248992
Shares Floating 98061193
Percent Insiders 40.71
Percent Institutions 7.34

Analyst Ratings

Rating 4
Target Price 33.46
Buy 4
Strong Buy 2
Buy 4
Strong Buy 2
Hold 2
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Millicom International Cellular SA

stock logo

Company Overview

overview logo History and Background

Millicom International Cellular SA, founded in 1990, has evolved from a global provider of cellular services to a leading telecommunications and media company focused on Latin America and Africa. It initially operated in various emerging markets and underwent strategic shifts to concentrate on Latin America.

business area logo Core Business Areas

  • Mobile Services: Provides mobile voice, data, and value-added services to consumers and businesses. It includes 4G/LTE networks and mobile financial services.
  • Fixed Services: Offers broadband internet, cable TV, and fixed voice services to residential and business customers. It includes fiber-to-the-home (FTTH) networks.
  • Financial Services: Provides digital financial services such as mobile money, micro-insurance, and micro-lending.
  • Business Services: Offers enterprise solutions, including connectivity, cloud services, and security solutions.

leadership logo Leadership and Structure

The company is led by a CEO and a management team overseeing different regions and functions. The Board of Directors provides governance and strategic guidance.

Top Products and Market Share

overview logo Key Offerings

  • Mobile Data: Provides internet access via mobile networks. Market share varies by country in Latin America. Competitors include America Movil (AMX) and Telefonica (TEF). Revenue from mobile data constitutes a significant portion of Millicom's total revenue, but the specific figure is not public. Number of Mobile users in Latin America 37 million.
  • Broadband Internet: Delivers high-speed internet access via fixed networks. Competitors include Liberty Latin America (LILA) and local internet providers. Specific revenue from broadband internet is not public. Around 4 million broadband subscriptions.
  • Tigo Money: A mobile money platform offering financial services. Competitors include other mobile money platforms and traditional banks. Specific data on revenue or market share of Tigo Money are not public. Number of Tigo Money users in Latin America are around 7 million.

Market Dynamics

industry overview logo Industry Overview

The telecommunications industry in Latin America is characterized by increasing demand for data services, growing smartphone penetration, and competition from established players and new entrants.

Positioning

Millicom is positioned as a leading provider of integrated telecommunications and media services in Latin America, focusing on providing affordable and reliable connectivity and digital services.

Total Addressable Market (TAM)

The TAM for telecommunications services in Latin America is substantial, estimated to be hundreds of billions of USD. Millicom captures a notable, though smaller, portion of the TAM, focusing on specific countries and customer segments.

Upturn SWOT Analysis

Strengths

  • Strong brand recognition in Latin America
  • Extensive network infrastructure
  • Diversified product portfolio
  • Experienced management team
  • Focus on emerging markets with growth potential

Weaknesses

  • Exposure to political and economic instability in Latin America
  • High capital expenditure requirements
  • Currency fluctuations
  • Intense competition
  • Relatively high debt levels

Opportunities

  • Increasing demand for data services
  • Growing smartphone penetration
  • Expansion of 4G/5G networks
  • Development of new digital services
  • Strategic acquisitions

Threats

  • Regulatory changes
  • Economic downturns
  • Technological disruption
  • Increased competition
  • Security breaches and cyberattacks

Competitors and Market Share

competitor logo Key Competitors

  • AMX
  • TEF
  • LILA

Competitive Landscape

Millicom competes with other telecommunications companies based on network coverage, service quality, pricing, and brand reputation. Millicom's focus on specific markets in Latin America provides a competitive advantage in those areas.

Major Acquisitions

Cable Onda

  • Year: 2018
  • Acquisition Price (USD millions): 1460
  • Strategic Rationale: Expanded Millicom's presence in Panama and strengthened its cable and broadband business.

Growth Trajectory and Initiatives

Historical Growth: Millicom's historical growth has been driven by organic growth in its existing markets and strategic acquisitions.

Future Projections: Analyst estimates suggest continued growth in revenue and earnings, driven by increasing demand for data services and digital solutions.

Recent Initiatives: Recent initiatives include investments in 4G/5G networks, expansion of fixed services, and development of new digital services such as Tigo Money.

Summary

Millicom, with its strong brand in Latin America, is a major telecom player poised for further growth. Its focus on data services and digital solutions aligns with market trends. However, it faces challenges from economic instability and strong competition but is well-positioned due to its network infrastructure and strategic investments.

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Sources and Disclaimers

Data Sources:

  • Millicom Investor Relations
  • SEC Filings
  • Analyst Reports
  • Industry Research

Disclaimers:

This analysis is for informational purposes only and should not be considered financial advice. Market data is subject to change.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Millicom International Cellular SA

Exchange NASDAQ
Headquaters -
IPO Launch date 1994-02-28
CEO -
Sector Communication Services
Industry Telecom Services
Full time employees 14000
Full time employees 14000

Millicom International Cellular S.A. provides cable and mobile services in Latin America. It 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. The company also operates TIGO Sports for local entertainment; Tigo Money that allows its customers to send and receive money without the need for a bank account; and TIGO ONEtv for pay TV. In addition, it provides fixed services, including broadband and fixed voice; 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.

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