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Millicom International Cellular SA (TIGO)

Upturn stock ratingUpturn stock rating
$36.34
Last Close (24-hour delay)
Profit since last BUY11.99%
upturn advisory
Regular Buy
BUY since 49 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
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Upturn Advisory Summary

06/27/2025: TIGO (3-star) is a STRONG-BUY. BUY since 49 days. Profits (11.99%). Updated daily EoD!

Upturn Star Rating

ratingratingratingratingrating

Moderate Performance

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

Number of Analysts

rating

10 Analysts rated it

These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.

Year Target Price $40.55

Year Target Price $40.55

Analyst’s Price TargetsFor last 52 week
$40.55Target price
Low$22.43
Current$36.34
high$38.5

Analysis of Past Performance

Type Stock
Historic Profit 45.92%
Avg. Invested days 54
Today’s Advisory Regular Buy
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 5.0
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 06/27/2025

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 6.06B USD
Price to earnings Ratio 17.39
1Y Target Price 40.85
Price to earnings Ratio 17.39
1Y Target Price 40.85
Volume (30-day avg) -
Beta 1.08
52 Weeks Range 22.43 - 38.50
Updated Date 06/29/2025
52 Weeks Range 22.43 - 38.50
Updated Date 06/29/2025
Dividends yield (FY) 8.25%
Basic EPS (TTM) 2.09

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 6.22%
Operating Margin (TTM) 27.44%

Management Effectiveness

Return on Assets (TTM) 6.45%
Return on Equity (TTM) 11.89%

Valuation

Trailing PE 17.39
Forward PE 12.08
Enterprise Value 12650229619
Price to Sales(TTM) 1.07
Enterprise Value 12650229619
Price to Sales(TTM) 1.07
Enterprise Value to Revenue 2.22
Enterprise Value to EBITDA 5.17
Shares Outstanding 166884000
Shares Floating 95616785
Shares Outstanding 166884000
Shares Floating 95616785
Percent Insiders 40.44
Percent Institutions 35.73

Analyst Ratings

Rating 4.3
Target Price 40.55
Buy 3
Strong Buy 5
Buy 3
Strong Buy 5
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 was founded in 1990 and is headquartered in Luxembourg. It has evolved from primarily a mobile telecom operator to a provider of fixed and mobile telecommunications services in Latin America and Africa.

business area logo Core Business Areas

  • Mobile Services: Provides mobile voice, data, and value-added services to individual customers.
  • Fixed Services: Offers broadband internet, cable TV, and fixed-line telephony services to homes and businesses.
  • Financial Services: Provides mobile financial services, including money transfer, microfinance, and insurance products.
  • Business Services: Provides business solutions, including cloud services, security, and connectivity solutions.

leadership logo Leadership and Structure

Millicom is led by a CEO and management team, and has a board of directors. The organizational structure is regional, focusing on Latin America and Africa.

Top Products and Market Share

overview logo Key Offerings

  • Mobile Data: Provides mobile internet access through 4G and 5G networks. Market share varies by country, but Millicom is a leading provider in several Latin American markets. Competitors: America Movil, Telefonica, Digicel.
  • Broadband Internet: Offers high-speed internet access to homes and businesses. Millicom is a significant player in the Latin American broadband market. Competitors: America Movil, Telefonica, Liberty Latin America.
  • Tigo Money: A mobile financial services platform offering money transfer, bill payment, and other financial transactions. Competitors: MTN Mobile Money, Vodafone M-Pesa.

Market Dynamics

industry overview logo Industry Overview

The telecommunications industry in Latin America and Africa is characterized by increasing mobile penetration, growing demand for data services, and expanding broadband infrastructure.

Positioning

Millicom is a leading provider of converged fixed and mobile telecommunications services in Latin America, with a growing presence in Africa. Its competitive advantages include strong brand recognition, extensive network infrastructure, and a focus on customer service.

Total Addressable Market (TAM)

The telecommunications market in Latin America and Africa is estimated to be worth hundreds of billions of dollars. Millicom is well-positioned to capture a significant share of this market through its converged services offering.

Upturn SWOT Analysis

Strengths

  • Strong brand recognition
  • Extensive network infrastructure
  • Converged services offering (mobile, fixed, financial)
  • Leading market position in key Latin American markets
  • Experienced management team

Weaknesses

  • High debt levels
  • Exposure to volatile currency fluctuations
  • Dependence on regulatory approvals
  • Competition from larger, more established players
  • Geographic concentration in emerging markets

Opportunities

  • Expanding mobile data penetration
  • Growing demand for broadband internet
  • Increasing adoption of mobile financial services
  • Acquisitions and partnerships
  • Investments in network infrastructure

Threats

  • Intense competition
  • Economic downturns
  • Regulatory changes
  • Technological disruptions
  • Cybersecurity threats

Competitors and Market Share

competitor logo Key Competitors

  • AMX (America Movil)
  • TEF (Telefonica)
  • LBTYA (Liberty Latin America)

Competitive Landscape

Millicom has a strong presence in several Latin American markets, but faces competition from larger, more established players like America Movil and Telefonica. It differentiates itself through its converged services offering and focus on customer service.

Major Acquisitions

Cable Onda

  • Year: 2018
  • Acquisition Price (USD millions): 1460
  • Strategic Rationale: Expanded Millicom's fixed services footprint in Panama and strengthened its position as a leading provider of converged services.

Growth Trajectory and Initiatives

Historical Growth: Historical growth cannot be accurately gathered without specific reporting period data. Data from updated financial statements need to be obtained.

Future Projections: Future projections cannot be accurately gathered without specific reporting period data. Data from updated financial statements need to be obtained.

Recent Initiatives: Recent strategic initiatives include investments in network infrastructure, expansion of mobile financial services, and acquisitions of smaller telecom operators.

Summary

Millicom is a leading provider of telecommunications services in Latin America and Africa. The company benefits from a strong brand, extensive network infrastructure, and a converged services offering. However, it faces challenges related to high debt levels, currency fluctuations, and intense competition. Millicom needs to focus on expanding its mobile data and broadband services, while managing its debt and navigating the regulatory landscape.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings, Industry reports, Analyst estimates, News articles.

Disclaimers:

The information provided is for informational purposes only and should not be considered investment advice. Market share data is estimated and may not be exact. Financial data requires updated financial statements.

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 sports dedicated broadcast business; 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, 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.