Skip to main content
    M

    Millicom International Cellular SA (TIGO)

    Official site

    COMMUNICATION SERVICES • TELECOM SERVICES • NASDAQ

    $82.07
    +1.73 (+2.15%)

    Market Cap: $13.47B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    33%(13/39)
    Avg Surprise
    -122.89%
    Streak
    1 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.83
    Range$0.83 - $0.83
    1 analysts
    EPS RevisionsNo revisions (7d)No revisions (30d)
    EPS Estimate DriftChange to current
    90d ago$0.00n/a
    60d ago$0.00n/a
    30d ago$0.00n/a
    7d ago$0.00n/a
    Current$0.83
    Revenue Consensus
    $2.2B
    Range$2.1B - $2.3B
    3 analysts
    Period ending Dec 31, 2026
    EPS Consensus$2.28
    Range$0.15 - $3.87
    5 analysts
    Revenue Consensus
    $2.4B
    Range$2.1B - $3.1B
    8 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$2.28---
    Sep 26EST
    		-$0.83---
    Jun 26
    Reported Aug 6
    		$0.64$0.54+18.52%Beat+25.5%
    Mar 26
    Reported May 12
    		$0.58N/A-60.21%Miss-49.4%
    Dec 25
    Reported Feb 26
    		$1.50$1.05+42.86%Beat+476.9%
    Sep 25
    Reported Nov 6
    		$1.17$0.78+50.00%Beat+290.0%
    Jun 25
    Reported Aug 7
    		$0.51$0.54-5.56%Miss+10.9%
    Mar 25
    Reported May 8
    		$1.14$0.80+42.14%Beat+115.1%
    Dec 24
    Reported Feb 27
    		$0.26N/A-62.86%Miss+170.3%
    Sep 24
    Reported Nov 7
    		$0.30N/A-51.61%Miss+1100.0%
    Jun 24
    Reported Aug 2
    		$0.46$0.50-8.00%Miss+453.8%
    Mar 24
    Reported May 8
    		$0.53$0.57-7.02%Miss+2550.0%
    Dec 23
    Reported Feb 27
    		$-0.37$0.29-227.59%Miss-212.1%
    Sep 23
    Reported Oct 26
    		$-0.03N/A-111.11%Miss+81.3%
    Jun 23
    Reported Jul 27
    		$-0.13N/A-133.33%Miss-218.2%
    Mar 23
    Reported Apr 27
    		$0.02N/A-92.31%Miss-93.1%
    Dec 22
    Reported Feb 10
    		$0.33$0.27+22.22%Beat-94.9%
    Sep 22
    Reported Oct 27
    		$-0.16$0.04-500.00%Miss-130.8%
    Jun 22
    Reported Jul 28
    		$0.11$0.18-38.89%Miss+111.0%
    Mar 22
    Reported Apr 28
    		$0.29N/A-52.46%Miss-29.3%
    Dec 21
    Reported Feb 11
    		$6.41$0.33+1842.42%Beat+1332.7%
    Sep 21
    Reported Oct 28
    		$0.52$0.31+67.74%Beat+180.0%
    Jun 21
    Reported Jul 29
    		$-1.00$0.24-516.67%Miss+12.3%
    Mar 21
    Reported Apr 29
    		$0.41$0.25+64.00%Beat+133.9%
    Dec 20
    Reported Feb 11
    		$-0.52$-0.31-67.74%Miss-122.8%
    Sep 20
    Reported Oct 30
    		$-0.65$-0.86+24.42%Beat+42.5%
    Jun 20
    Reported Jul 30
    		$-1.14$-0.04-2750.00%Miss-700.0%
    Mar 20
    Reported Apr 30
    		$-1.21$0.08-1612.50%Miss-964.3%
    Dec 19
    Reported Feb 25
    		$2.28$0.74+208.11%Beat+342.6%
    Sep 19
    Reported Oct 23
    		$-1.13$0.77-246.75%Miss-266.2%
    Jun 19
    Reported Jul 18
    		$0.19N/A-69.84%Miss+1800.0%
    Mar 19
    Reported Apr 23
    		$0.14$0.24-41.67%Miss-17.6%
    Dec 18
    Reported Feb 7
    		$-0.94$0.35-368.57%Miss-236.2%
    Sep 18
    Reported Oct 23
    		$0.68$0.53+28.30%Beat+240.0%
    Jun 18
    Reported Jul 22
    		$0.01N/A-97.44%Miss+103.6%
    Mar 18
    Reported Apr 24
    		$0.17N/A-74.24%Miss-29.2%
    Dec 17
    Reported Feb 6
    		$0.69$0.19+263.16%Beat+76.9%
    Sep 17
    Reported Oct 24
    		$0.20N/A-51.22%Miss-
    Jun 17
    Reported Jul 19
    		$-0.28$0.43-165.12%Miss-
    Mar 17
    Reported May 3
    		$0.24N/A-53.85%Miss-
    Dec 16
    Reported Feb 8
    		$0.39$0.39+0.00%Beat-

    Dividends

    Dividend Metrics

    Forward Yield3.66%
    Forward Annual Dividend$3.00
    Payout Ratio16.25%
    Pay MonthsJan, Apr, Jul, Oct
    TIGO dividend history and ex-dividend datesRun TIGO in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio21.11EV/EBITDA6.49x
    Price/FCF8.94xFCF Yield11.19%
    Profitability
    Profit Margin9.18%Operating Margin20.70%
    ROE21.70%ROIC9.94%
    Financial Health
    Debt/Equity3.45xInterest Coverage1.84x
    Current Ratio0.53xQuick Ratio0.51x
    Trading Statistics
    Beta0.90Avg Volume980.12K
    52-Week High$106.2452-Week Low$42.43

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$84.73
    SMA 20$87.66
    SMA 50$91.38
    SMA 200$80.26
    EMA 10$83.79
    EMA 20$86.55
    EMA 50$89.45
    EMA 200$79.79

    MACD

    Line: -3.13Signal: -2.30Hist: -0.83

    ADX

    ADX: 27.7+DI: 14.9-DI: 34.3

    Aroon & PSAR

    Aroon Up4.0
    Aroon Down88.0
    PSAR$89.94

    Bollinger Bands

    Upper Band$97.50
    Lower Band$77.81
    %B Position2246%(Upper)
    Band Width0.22

    RSI (14-Day)

    Neutral
    38.5

    Momentum Oscillators

    Stoch %K15.9
    Stoch %D11.5
    Williams %R-73.5
    ROC (10d)-3.3%
    Momentum-2.82
    CCI (20d)-103.1
    MFI (14d)39.7

    Volatility Measures

    ATR (14d)$3.37(4.1%)
    StdDev (20d)4.92
    Hist Vol48.1%(High)

    Volume Flow

    VWAP$81.78
    OBV111.7M
    AD Line-1.3B
    CMF (20d)-0.400

    Volume Metrics

    Avg Vol (20d)1.0M
    Vol Ratio1.2x
    VWMA (20d)$86.40

    Pivot Points

    R3$84.41
    R2$82.86
    R1$81.60
    Pivot Point$80.05
    S1$78.79
    S2$77.24
    S3$75.98

    Advanced Oscillators

    TSI-24.02
    Ultimate Osc31.8
    KST-84.18

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$2.18B$1.98B$1.65B$1.42B$1.37B$1.37B$1.43B$1.43B$1.46B$1.49B$1.48B$1.42B
    Cost of Revenue$1.06B$946.00M$367.00M$313.00M$316.00M$613.00M$344.00M$641.00M$658.00M$716.00M$734.00M$700.00M
    Gross Profit$1.12B$1.04B$1.28B$1.11B$1.06B$761.00M$1.08B$790.00M$800.00M$771.00M$741.00M$724.00M
    Operating Expenses$631.00M$650.00M$816.00M$717.00M$699.00M$423.00M$711.00M$504.00M$471.00M$473.00M$527.00M$528.00M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$0$0$0$0$0$0$0$0$0$0$9.00M$0
    Operating Income$490.00M$389.00M$469.00M$390.00M$357.00M$338.00M$373.00M$286.00M$329.00M$298.00M$214.00M$196.00M
    Interest Income$13.00M$10.00M$12.00M$11.00M$2.00M$2.00M$6.00M$9.00M$12.00M$19.00M$13.00M$6.00M
    Interest Expense$292.00M$248.00M$194.00M$173.00M$170.00M$164.00M$134.00M$175.00M$192.00M$183.00M$182.00M$182.00M
    Income Before Tax$204.00M$154.00M$311.00M$289.00M$774.00M$290.00M$120.00M$123.00M$156.00M$153.00M$66.00M$36.00M
    Income Tax Expense$104.00M$79.00M$45.00M$85.00M$101.00M$71.00M$67.00M$66.00M$78.00M$71.00M$223.00M$61.00M
    Net Income$109.00M$109.00M$252.00M$195.00M$676.00M$193.00M$31.00M$51.00M$78.00M$92.00M$-63,000,000$-1,000,000
    EBITDA$1.01B$869.00M$681.00M$778.00M$1.21B$738.00M$451.00M$585.00M$641.00M$657.00M$579.00M$544.00M
    EBIT$490.00M$402.00M$311.00M$462.00M$909.00M$441.00M$359.00M$285.00M$337.00M$323.00M$237.00M$207.00M
    * Some calculated fields are derived from available data when not provided by source

    Related GNG Research

    No research available

    Be the first to write about TIGO

    News

    Millicom stock trades 4.6 percent below USD 85.68 target

    Millicom stock is trading 4.6 percent below its consensus target of USD 85.68. The company reported a significant increase in second-quarter revenue and adjusted EBITDA...

    ad-hoc-news.de•10/15/26•Somewhat-Bullish

    Understanding Momentum Shifts in (TIGO)

    This article analyzes Millicom International Cellular S.a. (TIGO), highlighting weak near and mid-term sentiment...

    Stock Traders Daily•10/14/26•Somewhat-Bearish

    Cash awards tied to 33,730 shares were omitted from Millicom (TIGO) CEO Marcelo Benitez’s initial disclosure.

    Millicom (TIGO) CEO Marcelo Benitez's amended Form 3 filing reveals previously omitted Performance Cash Award Units tied to 33,730 common shares. These units, reflecting 173.41% achievement of performance conditions...

    Stock Titan•10/13/26•Neutral

    An omitted CFO cash award tied to 6,944 shares is now reported by Millicom (TIGO).

    Millicom International Cellular SA (TIGO) has amended a Form 3 filing to include 6,944 previously omitted Performance Cash Award Units for CFO Bart Kristof Vanhaeren. These units are cash equivalents based on common...

    Stock Titan•10/13/26•Neutral

    Millicom International Cellular SA (TIGO) Stock Down 9.6% but Still Overvalued -- GF Score: 60/100

    Millicom International Cellular SA (TIGO) shares dropped 9.6% to $79.48, yet GuruFocus assesses the stock as 103.5% overvalued with a GF Value of $39.06. The company holds an Above Average GF Score of 60/100...

    GuruFocus•10/9/26•Neutral

    TIGO Valuation and Fair Value

    P/E
    21.1x
    Forward P/E
    10.0x
    EV/EBITDA
    6.5x
    P/FCF
    8.9x
    PEG
    0.3x
    P/B
    5.4x
    See GNG's fair value

    TIGO Profitability: Margins, ROIC and FCF

    Gross margin
    62.9%
    Operating margin
    20.7%
    Net margin
    9.2%
    ROIC
    9.9%
    ROE
    21.7%
    FCF margin
    21.3%
    FCF yield
    11.2%

    TIGO Competitors

    CompanyTicker
    Charter Communications IncCHTR
    SK Telecom Co Ltd ADRSKM
    Tencent Music Entertainment GroupTME
    Telus CorpTU
    Warner Music GroupWMG
    Telkom Indonesia (Persero) Tbk PT ADR Rep 100 BTLK
    News Corp ANWSA
    Pinterest IncPINS

    Sector: Communication Services

    TIGO Analyst Ratings

    Consensus
    Hold
    Analysts
    8
    Strong Buy
    0
    Buy
    1
    Hold
    6
    Sell
    0
    Strong Sell
    1

    TIGO Bull Case vs Bear Case

    Bull case

    • TIGO converts 21.3% of revenue into free cash flow.
    • TIGO grew quarterly revenue 59.4% year over year.

    Bear case

    • TIGO has a debt-to-equity ratio of 3.5x.

    TIGO Earnings: Beat Rate and Next Report

    Beat rate
    4 of 8 quarters (50.0%)
    Average surprise
    -3.3%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.83
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 0 down

    TIGO Dividend

    Forward yield
    3.7%
    Payout ratio
    16.3%
    Pay months
    Jan, Apr, Jul, Oct
    TIGO dividend history

    Frequently Asked Questions About TIGO

    What is TIGO's current dividend yield?

    Millicom International Cellular SA (TIGO) has a forward dividend yield of 3.66%.

    Does TIGO pay dividends?

    Yes, Millicom International Cellular SA pays dividends with a forward dividend yield of 3.66%.

    What is TIGO's P/E ratio?

    Millicom International Cellular SA has a price-to-earnings (P/E) ratio of 21.11.

    What is TIGO's market cap?

    Millicom International Cellular SA (TIGO) has a market capitalization of $13.47B with a current stock price of $82.07.

    Related stocks

    Sector: Communication Services

    All stocks starting with T

    Get full access to GNG Research

    Create a free account to access portfolio tracking, advanced tools, and more.

    Create Free AccountLog In