Millicom International Cellular S.A.
Research Millicom International Cellular S.A. (TIGO) on Bullrun: valuation model: 13.0% overvalued, market cap USD 15.97B, P/E 24.0, dividend yield 5.9%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerTIGO
- ExchangeNASDAQ
- CountryLuxembourg
- SectorCommunication Services
- IndustryTelecom Services
- CurrencyUSD
- Valuation signal13.0% overvalued
- Market capUSD 15.97B
- P/E24.0
- Dividend yield5.9%
- Financial periodQ2 2026
- RevenueUSD 2.18B
- Net incomeUSD 109.00M
- Free cash flowUSD 395.00M
- Gross margin75.3%
Valuation Snapshot
Bullrun's latest valuation model marks Millicom International Cellular S.A. as 13.0% overvalued; latest market cap is USD 15.97B; P/E is 24.0; dividend yield is 5.9%.
Peer valuation comparison
Latest P/E is 24.01x versus a Communication Services sector median of 16.43x (46.1% above).
Latest dividend yield is 5.9% versus a Communication Services sector median of 3.46% (70.8% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 5.82B | USD 1.32B | USD 920.00M | 77.4% | 7.83 | USD 1.55B | USD 9.47B | USD 3.64B |
| FY2024 | USD 5.80B | USD 268.00M | USD 1.06B | 75.5% | 1.46 | USD 699.00M | USD 5.53B | USD 3.63B |
| FY2023 | USD 5.66B | -USD 245.00M | USD 409.00M | 73.4% | -0.48 | USD 775.00M | USD 6.48B | USD 3.53B |
| FY2022 | USD 5.62B | USD 129.00M | USD 484.00M | 73.2% | 1.27 | USD 1.04B | USD 6.62B | USD 3.63B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 15.97B | 24.0 | 5.8% | 5.5 |
| 2025 | 2025-12-31 | USD 9.26B | 7.1 | 8.1% | 4.5 |
| 2024 | 2024-12-31 | USD 4.26B | 17.1 | n/a | n/a |
| 2023 | 2023-12-29 | USD 3.09B | 81.8 | n/a | n/a |
| 2022 | 2022-12-30 | USD 2.16B | 3.2 | n/a | n/a |
| 2021 | 2021-12-31 | USD 3.63B | 7.8 | n/a | n/a |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 5.5 USD, yield 5.9%.
| Year | Dividends/share |
|---|---|
| FY2025 | 4.5 USD |
About Millicom International Cellular S.A.
Millicom International Cellular S.A. engages in the provision cable and mobile services in Latin America. The company 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. In addition, the company provides fixed services, including broadband, fixed voice, and pay-TV;
Related stock research
Other Communication Services stocks
Frequently asked questions
Is Millicom International Cellular S.A. overvalued or undervalued?
Bullrun's valuation model currently marks Millicom International Cellular S.A. as 13.0% overvalued.
What is Millicom International Cellular S.A.'s market cap?
Millicom International Cellular S.A.'s market capitalization is USD 15.97B.
What is Millicom International Cellular S.A.'s P/E ratio?
Millicom International Cellular S.A.'s price-to-earnings (P/E) ratio is 24.0.
Does Millicom International Cellular S.A. pay a dividend?
Millicom International Cellular S.A. has a dividend yield of 5.9%.
What does Millicom International Cellular S.A. do?
Millicom International Cellular S.A. engages in the provision cable and mobile services in Latin America. The company 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.