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  4. TIGO

Market Cap: $13.12B

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Millicom International Cellular S.A.

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By Cashu Finance. Providing market news, analysis, and research for investors worldwide.

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© 2026 Cashu Technologies Pty Ltd. All rights reserved. Cashu Finance is a trademark of Cashu Technologies Pty Ltd.

The content published on Cashu Finance is for informational purposes only and should not be construed as investment advice, a recommendation, or an offer to buy or sell any securities. All opinions expressed are those of the authors and do not reflect the official position of Cashu Technologies Pty Ltd or its affiliates. Past performance is not indicative of future results. Investing involves risk, including the possible loss of principal. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.

Cashu Finance and its contributors may hold positions in securities mentioned in published content. Any such holdings will be disclosed at the time of publication. Market data is provided on an "as-is" basis and may be delayed. Cashu Technologies Pty Ltd does not guarantee the accuracy, completeness, or timeliness of any information presented.

Cashu Research is part of Cashu Technology Pty Ltd, which is an authorised representative (AR # 001318029) of Adviser Solutions Group Pty Ltd (ABN 88 601 875 521) (AFSL 485946) (ASG).

This material is general advice only and is not an offer for the purchase or sale of any financial product or service. The material is not intended to provide you with personal financial or tax advice and does not take into account your personal objectives, financial situation or needs. Although we believe that the material is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statute which cannot be excluded. Please note that past performance may not be indicative of future performance and that no guarantee of performance, the return of capital or a particular rate of return is given by Cashu Technologies Pty Ltd, any of their related body corporates or any other person. To the maximum extent possible, Cashu Technologies Pty Ltd, their related body corporates or any other person do not accept any liability for any statement in this material.

Financials

Profitability
Gross Profit Margin62.91%
EBITDA Margin46.12%
EBIT Margin23.01%
Pre-tax Margin13.24%
Net Profit Margin9.19%
Earnings Yield5.06%
Valuation Multiples
Price / Book5.19
Price / Sales1.81
Price / Earnings19.68
PEG-0.66
Forward PEG-0.65
EV / Sales3.34
EV / EBITDA7.24
EV / Operating Cash Flow10.39
EV / Free Cash Flow15.66
Price / Free Cash Flow8.51
Price / Operating Cash Flow5.65
Cash Flow & Capital
Free Cash Flow / Share$9.2
Operating Cash Flow / Share$13.87
Free Cash Flow Yield11.75%
Capex / Revenue10.82%
Capex / Operating Cash Flow33.67%
Capex / Depreciation0.47
Stock Compensation / Revenue0.03%
Dividend Payout Ratio1.38%
Dividend Yield5.43%
Liquidity & Leverage
Current Ratio0.53
Quick Ratio0.51
Cash Ratio0.17
Debt / Assets0.58
Debt / Capital0.82
Debt / Equity4.70
Long-Term Debt / Capital0.75
Debt / Market Cap66.61%
Net Debt / EBITDA3.31
Solvency Ratio0.13
Financial Leverage8.17
Efficiency & Working Capital
Asset Turnover0.35
Fixed Asset Turnover1.55
Inventory Turnover26.57
Receivables Turnover10.46
Payables Turnover3.32
Days Sales Outstanding34.91
Days Inventory Outstanding13.74
Days Payables Outstanding110.02
Operating Cycle48.64
Cash Conversion Cycle-61.38
Working Capital Turnover-3.32
Returns & Quality
Return on Equity21.02%
Return on Assets3.22%
Return on Invested Capital6.92%
ROCE11.20%
Return on Tangible Assets5.60%
Operating Return on Assets8.39%
Income Quality3.50
Tax Burden0.69
Interest Burden0.58
Balance Sheet & Intrinsic Metrics
Enterprise Value$24.16B
Invested Capital$11.06B
Working Capital$-2.41B
Tangible Asset Value$-6.3B
Net Current Asset Value$-15.44B
Graham Number$36.7
Graham Net-Net-$99.9
Book Value / Share$14.87
Tangible Book Value / Share-$37.57
Cash / Share$5.13
Financial Health Scores
Piotroski Score4
Altman Z-Score1.06
Revenue$7.24B
EBIT$1.66B
Market Cap$13.13B
Working Capital$-2.41B
Retained Earnings$2.27B
Total Assets$20.68B
Total Liabilities$18.19B