1. Luxembourg Stocks

  2. •

    Communication Services

  3. •

    Telecommunications Services
Millicom International Cellular S.A.

Millicom International Cellular S.A.

TIGO-SDB.ST
Millicom International Cellular S.A.SE flagStockholm Stock Exchange
300.00
SEK
- -
- -
52.48BMarket Cap
Millicom International Cellular S.A.
TIGO-SDB.ST
(Stockholm Stock Exchange)

Recent

price

300.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
24.39
28.44
34.2
32.04
34.53
50.14
51.52
31.63
30.78
30.74
33.65
29.53
33.08
40.45
33.03
- -
33.22
Revenue per Share
6.15
11.75
6.98
3.94
1.8
20.75
-4.38
-0.25
0.68
-0.08
1.16
-2.67
4.58
1.27
-0.48
- -
2.07
Basic EPS, GAAP
3.49
5.43
6.45
5.15
-0.91
1.15
3.5
0.13
0.29
0.09
-0.82
-0.02
0.63
1.52
0.23
- -
5.7
Free Cash Flow per Basic Share
- -
5.72
3.73
4.19
2.08
2.07
2.07
2.07
2.07
2.07
2.08
- -
- -
- -
- -
- -
0.99
Dividend per Share
17.71
24.93
26.22
23.96
23.78
42.4
32.54
30.15
24.94
20.86
19.59
16.87
21.44
22.48
17.28
- -
18.75
Book Value per Share
9.15
0.77
2.08
0.04
-2.97
-14.02
18.02
15.72
15.77
3.48
-3.99
-8.76
-37.4
-26.8
-25.32
- -
-20.37
Tangible Book Value per Share
138
138
132
129
127
127
128
128
128
128
129
129
129
139
171
- -
171
Basic Weighted Avg Shares
3,373
3,920
4,530
4,136
4,390
6,386
6,572
4,042
3,936
3,946
4,335
3,805
4,261
5,624
5,661
5,804
5,691
Sales/Revenue/Turnover
25.23
26.58
27.75
20.26
13.28
14.47
12.83
9.62
11.23
10.72
10.06
6.62
9.74
15.74
13.8
21.92
24.09
Operating Margin (%)
611
677
739
727
786
1,158
1,321
932
879
830
1,111
1,208
1,196
1,364
1,338
1,234
1,197
Depreciation Expense
851
1,620
925
508
229
2,643
-559
-32
87
-10
149
-344
590
177
-82
253
354
Net Income, GAAP
27.18
12.35
- -
41.28
34.95
8.43
- -
164.22
94.19
94.12
55.05
- -
21.7
93.28
242.29
50.91
40.93
Effective Tax Rate (%)
25.23
41.33
20.42
12.28
5.22
41.39
-8.51
-0.79
2.21
-0.25
3.44
-9.04
13.85
3.15
-1.45
4.36
6.22
Profit Margin (%)
505
-680
-918
-1,014
-131
-2,098
-574
-230
-250
-1,148
240
-299
-2,234
-54
-413
-735
-699
Working Capital
1,913
1,797
1,817
2,344
3,504
4,565
3,789
3,821
3,600
4,123
6,774
6,475
6,900
7,477
7,330
6,331
6,709
LT Debt
2,310
2,390
2,446
2,336
2,081
3,730
3,728
3,368
3,281
2,793
2,681
2,274
2,740
3,634
3,445
3,574
3,353
Total Equity
14.32
19.08
- -
9.43
6.56
11.47
- -
-3.35
0.36
0.35
2.32
- -
3.19
0.52
-9.98
5.92
7.39
Return on Invested Capital (%)
25.4
34.21
- -
10.13
6.32
30.56
- -
-2.12
1.62
0.34
4.27
- -
9.4
2.3
-7.08
5.06
6.04
Return on Capital (%)
46.54
55.06
26.77
15.47
7.49
62.76
-11.71
-0.8
2.47
-0.34
5.73
-14.64
23.91
6.01
-2.69
8.3
11.26
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
ST Debt
432
438
409
LT Borrowings
5,929
5,533
5,517
LT Finance Leases
891
798
1,192
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
171
170
167
Market Capitalization
4,441
4,023
5,072

Working Capital

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
Total Current Assets
2,795
2,380
2,217
Cash, Cash Equivalents & STI
803
699
534
Accounts Receivable, Net
408
389
364
Inventories
60
44
56
Total Current Liabilities
2,884
3,115
2,916
Payables & Accruals
1,165
1,502
1,360
ST Debt
432
438
409
Deferred Revenue
127
266
104

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
0.53%
7.3%
3.74%
Free Cash Flow
-164.22%
-166.31%
1,985%
Net Income, GAAP
-351.61%
-245.45%
-408.54%
Sales/Revenue/Turnover
0.68%
6.99%
2.53%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1,369
1,393
1,424
1,475
5,661
2024
1,487
1,458
1,431
1,428
5,804
2025
1,374
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.02
-0.13
- -
- -
-0.48
2024
0.54
0.46
0.3
0.19
- -
2025
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
Similar Companies
GCI Liberty, Inc. (GLIBA)
Cellnex Telecom, S.A. (CLLNY)
Tata Teleservices (Maharashtra) Limited (TTML.BO)
Telecom Argentina S.A. (TEO)
Iridium Communications Inc. (0JDO.L)
Mahanagar Telephone Nigam Limited (MTNL.BO)
Business
Millicom International Cellular S.A. (NASDAQ: TIGO, Nasdaq Stockholm: TIGO_SDB.ST) provides fixed-line and mobile telecommunications services across Latin America under the TIGO and Tigo Business brands; offers mobile services including data, voice, SMS, and mobile financial services via TIGO Money encompassing payments, money transfers, remittances, savings, real-time loans, and micro-insurance; delivers fixed broadband, fixed voice, pay-TV through TIGO ONEtv, and entertainment via TIGO Sports; supplies business-to-business solutions such as managed services, cloud, security, value-added services, and tower infrastructure; and serves residential consumers, small-to-large enterprises, and government entities in nine markets including Bolivia, Colombia, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Paraguay. Founded in 1990 and headquartered in Luxembourg with a U.S. office in Coral Gables, Florida, the company employs over 14,000 people and reaches approximately 46 million mobile customers with a cable footprint exceeding 14 million homes passed. Recent developments include the October 2025 completion of its USD 380 million acquisition of Telefónica Ecuador, the October 2025 acquisition of Movistar Uruguay for USD 440 million marking entry into that market, a March 2025 definitive agreement to acquire Telefónica's 67.5% stake in Colombia Telecomunicaciones (Coltel), an October 2024 agreement to sell and lease back approximately 7,000 Central American towers to SBA Communications for USD 975 million with up to 2,500 build-to-suit sites expected to close mid-2025, and a July 2025 USD 205 million financing package from IDB Invest and Bladex for Tigo El Salvador's broadband and mobile infrastructure expansion.