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Valuation: Millicom International Cellular S.A.

Capitalization 11.86B 10.28B 9.3B 8.88B 16.15B 1,095B 16.71B 111B 43.94B 523B 44.49B 43.54B 1,888B P/E ratio 2025
7.08x
P/E ratio 2026 * 18.6x
Enterprise value 18.24B 15.82B 14.31B 13.66B 24.85B 1,684B 25.72B 170B 67.61B 805B 68.45B 66.99B 2,904B EV / Sales 2025
2.94x
EV / Sales 2026 * 2.55x
Free-Float
97.88%
Yield 2025
5.41%
Yield 2026 * 4.54%
03-03 Zegona Communications plc Appoints Tim Pennington as an Independent Non-Executive Director, Effective March 3, 2026 and Joins the Audit Committee and Will Be Chair of the Audit Committee After the End of This Financial Year CI
02-26 Millicom International Cellular S.A., Q4 2025 Earnings Call, Feb 26, 2026
02-26 Millicom International Cellular Q4 Adjusted Earnings, Revenue Rise MT
02-26 Earnings Flash (TIGO) Millicom International Cellular Posts Q4 Revenue $1.65B, vs. FactSet Est of $1.57B MT
02-25 Millicom International Cellular S.A. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2025 CI
02-11 Scotiabank Downgrades Millicom International Cellular SA to Sector Underperform From Sector Perform, Adjusts PT to $43 From $46.80 MT
02-10 Millicom (Tigo) acquires Telefonica operations in Chile jointly with NJJ RE
02-10 Spain's Telefonica reshapes Latin America strategy after leadership change RE
02-10 Millicom, NJJ Jointly Acquire Telefonica's Chile Operations MT
02-10 Millicom Says It Jointly Acquired Telefonica Chile With NJJ, Bloomberg Reports MT
02-06 Telefónica Sells Colombia Telecomunicaciones Stake to Millicom for $214 Million MT
02-05 Millicom International Cellular S.A. completed the acquisition of 67.49937% stake in Colombia Telecomunicaciones S. A. E.S.P. BIC from Telefónica Hispanoamérica, S.A.U. CI
01-29 Millicom International Cellular S.A. agreed to acquire an additional 50.01% stake in UNE EPM Telecomunicaciones S.A. from Empresas Públicas de Medellín E.S.P. for COP 2.1 trillion. CI
1 day+1.11%
1 week+4.84%
Current month-0.36%
1 month+10.53%
3 months+35.40%
6 months+52.42%
Current year+31.01%
1 week 67.7
Extreme 67.7
73.6
1 month 63.86
Extreme 63.86
75.25
Current year 49.4
Extreme 49.4
75.25
1 year 26.35
Extreme 26.35
75.25
3 years 14.46
Extreme 14.46
75.25
5 years 10.22
Extreme 10.22
75.25
10 years 10.22
Extreme 10.22
75.46
Manager TitleAgeSince
Director of Finance/CFO - 14/04/2024
Chief Tech/Sci/R&D Officer - 30/04/2024
Compliance Officer 51 31/12/2019
Director TitleAgeSince
Director/Board Member 69 03/05/2021
Chairman 61 29/09/2024
Director/Board Member 55 30/04/2023
Change 5d. change 1-year change 3-years change Capi.($)
+1.11%+4.84%+146.12%+296.45% 11.86B
+0.36%-2.76%-16.85%+54.19% 236B
+0.78%-3.19%+6.27%+51.50% 192B
-4.54%-8.86%+84.53%+172.40% 134B
+0.21%-1.37%+10.31%+29.43% 62.8B
+2.22%+2.22%+38.87%+76.08% 34.1B
+2.32%+2.45%+51.41%+15.96% 33.28B
+0.13%-0.64%-14.49%+29.83% 30.41B
+1.11%+1.76%+16.73%+45.13% 24.16B
-0.79%-7.22%+26.93%+16.26% 17.03B
Average +0.28%-1.61%+34.98%+78.72% 77.57B
Weighted average by Cap. -0.24%-2.90%+18.56%+72.92%

Financials

2025 2026 *
Net sales 5.74B 4.98B 4.5B 4.3B 7.82B 530B 8.1B 53.6B 21.28B 253B 21.55B 21.09B 914B 8.02B 6.96B 6.29B 6.01B 10.93B 741B 11.31B 74.9B 29.74B 354B 30.11B 29.47B 1,278B
Net income 1.2B 1.04B 942M 900M 1.64B 111B 1.69B 11.21B 4.45B 52.99B 4.51B 4.41B 191B 606M 526M 475M 454M 825M 55.94B 854M 5.66B 2.25B 26.73B 2.27B 2.23B 96.48B
Net Debt 6.39B 5.54B 5.01B 4.78B 8.7B 590B 9B 59.61B 23.67B 282B 23.96B 23.45B 1,017B 8.57B 7.43B 6.72B 6.42B 11.67B 791B 12.08B 80B 31.77B 378B 32.16B 31.47B 1,365B
Logo Millicom International Cellular S.A.
Millicom International Cellular SA is a Luxembourg-based international digital telecommunications and media company. The Company provides a wide range of fixed line and mobile communications services, cable and satellite television, mobile financial services and local content, such as music and sports, to both private and business customers. It offers digital services and products through the business brands TIGO which includes TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. The segments include Latin America, which focuses on mobile and cable services; and Africa, which covers mobile services with a focus on business-to-business customers.
Employees
14,000
Date Price Change Volume
13/03/26 72.63 $ +2.37% 124,819
12/03/26 70.95 $ -0.24% 1,755,086
11/03/26 71.12 $ -2.36% 1,310,359
10/03/26 72.84 $ +3.81% 1,245,084
09/03/26 70.17 $ +1.28% 1,296,057
Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
70.95USD
Average target price
72.62USD
Spread / Average Target
+2.36%

Quarterly revenue - Rate of surprise

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