Millicom International Cellular S.A.

Informe acción NasdaqGS:TIGO

Capitalización de mercado: US$14.3b

Millicom International Cellular Resultados de beneficios anteriores

Pasado controles de criterios 4/6

Millicom International Cellular ha aumentado sus beneficios a una tasa media anual de 41.5%, mientras que los beneficios de la industria de Wireless Telecom han experimentado un crecimiento de 19.6% anual. Los ingresos han ido creciendo a una tasa media de 7% al año. La rentabilidad financiera de Millicom International Cellular es de 38.5%, y sus márgenes netos son de 19.2%.

Información clave

41.46%

Tasa de crecimiento de los beneficios

26.72%

Tasa de crecimiento del BPA

Crecimiento de la industria Wireless Telecom 23.12%
Tasa de crecimiento de los ingresos7.03%
Rentabilidad financiera38.53%
Margen neto19.19%
Próxima actualización de resultados06 Aug 2026

Actualizaciones de resultados anteriores recientes

Recent updates

Actualización de narrativa May 21

TIGO: Faster Colombia Consolidation And Network Expansion Will Reshape Forward Risk Reward Profile

Analysts lifted their price target on Millicom International Cellular to $100 from $89, citing updated assumptions that include a revised discount rate, adjusted revenue growth expectations, higher projected profit margins, a slightly lower future P/E multiple, and recent research that points to faster than expected progress from the Colombia consolidation. Analyst Commentary Recent Street research points to a clear shift in sentiment around Millicom International Cellular, with bullish analysts revisiting their models and assigning higher values to the stock.
Actualización de narrativa Apr 27

TIGO: Colombia Integration And Leverage Balance Will Shape Forward Risk Reward Profile

Analysts have lifted Millicom International Cellular's consensus price target to $89, citing updated models that factor in Colombia, slightly adjusted revenue growth and profit margin assumptions, and refined P/E expectations. Analyst Commentary Recent research has leaned more positive on Millicom International Cellular, with several bullish analysts revisiting their models and aligning around a higher US$89 price target.
Seeking Alpha Apr 20

Millicom's Next Growth Is Built On Colombian Simplicity And Chilean Optionality

Summary I rate Millicom International Cellular a Buy, transitioning from cleanup to robust cash generation and disciplined strategic expansion. TIGO posted a record 2025 revenue of $5.8 billion, net profit of $1.3 billion, and EFCF of $916 million, guiding for at least $900 million EFCF in 2026. Strategic acquisitions in Colombia and Chile are structured to limit balance sheet risk, supporting regional consolidation and scalable growth. The company trades at a 45% PEG discount to the sector median, with the market underappreciating its improved fundamentals and compounding potential. Read the full article on Seeking Alpha
Actualización de narrativa Apr 13

TIGO: Colombia Integration And Leverage Concerns Will Shape Future Risk Reward Profile

Analysts have raised their consolidated price target on Millicom International Cellular by $8.20 to $89, citing updated models that now incorporate Colombia, along with mixed views on leverage but generally more constructive long term assumptions regarding revenue, profit margins and the future P/E multiple. Analyst Commentary Recent research updates on Millicom International Cellular show a cluster of optimistic views around valuation, execution and growth potential, even as some analysts remain cautious on leverage.
Actualización de narrativa Mar 30

TIGO: Chile Bid Interest And Leverage Profile May Shape Upside Potential

Analysts have raised the fair value estimate for Millicom International Cellular to $89 from $75. This change reflects updated models that incorporate higher revenue growth assumptions, a revised future P/E of 15.39x, and recent price target increases from several research firms.
Actualización de narrativa Mar 16

TIGO: Telefonica Chile Bid And Rich P E Multiple Will Constrain Returns

Millicom International Cellular's updated analyst price target moves slightly to $46.65 from $46.80, as analysts factor in higher modeled revenue growth, a lower profit margin outlook, a higher P/E multiple, and a modestly higher discount rate amid mixed recent rating changes. Analyst Commentary Recent Street research on Millicom International Cellular reflects a split view, with some firms outlining upside scenarios at higher price targets and others flagging balance sheet and execution risks.
Actualización de narrativa Mar 01

TIGO: Leverage Concerns And Chile Bid Interest May Guide Future Balance

Analysts have nudged their fair value estimate for Millicom International Cellular up from $70.00 to $75.00, reflecting updated assumptions around profit margins and future P/E multiples, despite mixed recent rating changes on the stock. Analyst Commentary Recent Street research has sent mixed signals, with some downgrades focused on what has been described as sub optimal leverage and a more cautious stance on the shares.
Actualización de narrativa Feb 15

TIGO: Leverage Concerns And Chile Bid May Shape Balanced Future Upside

Analysts have lifted their price target on Millicom International Cellular to $70.00 from $62.60, reflecting updated views on growth, leverage and future P/E assumptions following recent mixed research that includes a downgrade on balance sheet concerns and an earlier upgrade supported by expectations for further share upside. Analyst Commentary Recent Street research on Millicom International Cellular shows a split tape, but there are some clear positives that bullish analysts keep coming back to, especially around valuation, execution and potential growth optionality.
Actualización de narrativa Feb 01

TIGO: Telefonica Chile Bid And Rich P E Assumptions Will Pressure Returns

Narrative update on Millicom International Cellular Analysts have lifted their Millicom International Cellular price target to US$63 from US$55, reflecting updated views on revenue growth, profit margins and P/E assumptions that underpin a steady fair value estimate of US$46.80. Analyst Commentary The recent move in the Millicom International Cellular price target to US$63 from US$55, with a fair value estimate cited at US$46.80, highlights how divided opinion is around the shares.
Actualización de narrativa Jan 18

TIGO: Elevated Expectations Around Telefonica Chile Bid Will Likely Pressure Future Returns

Analysts have raised their fair value estimate for Millicom International Cellular to US$46.80 from US$36.00, citing updated assumptions on revenue growth, profit margins and a lower forward P/E in light of recent positive research and higher Street price targets. Analyst Commentary Recent research coverage on Millicom International Cellular has leaned supportive, with some high profile firms maintaining constructive views on the shares and on the company´s positioning in Latin America.
Actualización de narrativa Jan 04

TIGO: Future Margin Expansion May Support Balanced Upside Despite Recent Rally

Analysts have raised their price target on Millicom International Cellular from $55 to about $63 per share, citing expectations of stronger revenue growth and higher profit margins. They also see potential for continued share upside despite the recent rally.
Actualización de narrativa Dec 16

TIGO: Future Will Weigh Latin America Upside Against Execution And Macro Risks

Analysts have lifted their price target on Millicom International Cellular to $63 from $55, citing continued share upside potential even after the stock's recent rally and reaffirming the company as a top pick in Latin America. Analyst Commentary Recent research updates highlight a constructive stance on Millicom International Cellular, with the higher price target framed around improving fundamentals and continued re-rating potential despite recent share gains.
Actualización de narrativa Dec 02

TIGO: Future Will Balance Colombia Developments Against Peer Comparisons And Market Optimism

Millicom International Cellular's analyst fair value estimate has increased by $1.00 to $52.35. Analysts point to recent price target hikes and improved long-term profit margin expectations as reasons supporting a higher valuation.
Actualización de narrativa Nov 18

TIGO: Medium-Term Outlook Will Weigh Colombia Market Developments Against Softer Regional Trends

Analysts have raised their fair value price target for Millicom International Cellular from $49.14 to $51.35. This reflects improved growth prospects, a higher profit margin outlook, and ongoing optimism following recent upward Street research revisions.
Actualización de narrativa Nov 03

TIGO: Heavy Acquisition Costs And Colombia Deal Will Shape Future Performance

Millicom International Cellular’s analyst price target has risen notably, with recent updates reflecting an increase from $39.50 to $49.00. Analysts point to the company’s valuation now aligning with regional peers despite tempered growth expectations.
Actualización de narrativa Oct 20

Low-Cost Competition And High Capex Will Weaken Latin American Networks

Millicom International Cellular’s analyst price target has increased notably from $46.51 to $49.14, as analysts cite valuation improvements relative to Latin American peers. This comes despite a softer growth outlook and ongoing interest concerns.
Actualización de narrativa Oct 05

Low-Cost Competition And High Capex Will Weaken Latin American Networks

Millicom International Cellular's analyst price target has risen slightly from approximately $45.57 to $46.51. Analysts cite improved valuation alignment with peers but note that a softer growth outlook and lingering acquisition-related debt temper expectations for future performance.
Actualización de narrativa Sep 19

Low-Cost Competition And High Capex Will Weaken Latin American Networks

Analysts have modestly raised Millicom International Cellular's price target to $45.57 as its valuation premium versus peers has diminished and growth remains subdued, with potential deal upside already reflected and high interest costs highlighting the need for successful execution of its turnaround strategy. Analyst Commentary Valuation for Millicom has caught up with regional peers, eroding its previous discount advantage.
Actualización de narrativa Sep 04

Low-Cost Competition And High Capex Will Weaken Latin American Networks

Analysts remain cautiously optimistic about Millicom International Cellular’s turnaround strategy and growth potential following major acquisitions, but highlight elevated interest burden and execution risks, resulting in an unchanged consensus price target of $44.06. Analyst Commentary Bullish analysts are raising price targets reflecting expectations of an impressive turnaround strategy from Millicom.
Seeking Alpha Jan 27

Millicom International Cellular: Continued Potential For Outperformance Exists In 2025

Summary Millicom International Cellular has performed close to the S&P500 trend, with a 5% RoR, which I consider within the margin of error. I believe in diversifying investments in emerging markets, particularly in Africa, the Middle East, Asia, and LATAM/South America. Millicom, now focused on LATAM, benefits from divestments and operational changes, aligning with my strategy of increasing exposure to these regions. The next 100 years will see rising importance in South America, Latin America, and Africa, making this a "good" long-term investment strategy. Read the full article on Seeking Alpha
Seeking Alpha Oct 25

Millicom: Excellent Outperformance On A Too Small Position

Summary Millicom operates in politically volatile Latin American markets, leading to high volatility but significant growth potential, particularly in Guatemala, Panama, and Honduras. Despite geopolitical and debt risks, Millicom's 2Q24 results are strong, with EBITDA up 20%, leverage down, and positive free cash flow. Key transactions, including acquisitions in Colombia and a merger in Costa Rica, aim to enhance growth and market position, though they increase risk. I rate Millicom a speculative "BUY" with a $29/share PT, acknowledging its high risk/reward ratio and significant growth potential in the telco sector. Read the full article on Seeking Alpha
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Nueva narrativa Sep 02

Efficiency, Expansion, And Decisive Shifts Set To Propel Profitability And Market Leadership

Strengthened market leadership and efficient operations suggest increased profitability and revenue growth in mobile and B2B segments.
Seeking Alpha Jul 24

Millicom International Cellular Q2 Earnings Preview (Rating Downgrade)

Summary Millicom's Q2 earnings preview includes EPS of $0.54 and revenue of $1.48 billion, with limited revisions. DCF analysis suggests a price target of $21.80, a 12% downside from current price, leading to a rating downgrade from buy to sell. Market has recognized Millicom's value, but the share price may be overvalued; potential upside from acquisition or further cash flow improvement, but downside risks remain. Read the full article on Seeking Alpha
Seeking Alpha Jan 19

Millicom International Cellular Setting Up For A Great 2024

Summary The company has revised its 2022-2024 equity free cash flow guidance from $500 million to $600 million, indicating a positive outlook. Despite an expected dip in 2023 revenue and profit, the underlying business is improving, with cost restructuring efforts exceeding expectations and one-time items skewing profitability figures. Considering the current trends and updated free cash flow guidance, a DCF analysis yields a price target of $20.50, representing a 14% upside from current pricing. Read the full article on Seeking Alpha

Desglose de ingresos y gastos

Cómo gana y gasta dinero Millicom International Cellular. Basado en los últimos beneficios reportados, en base a los últimos doce meses (LTM).


Historial de beneficios e ingresos

NasdaqGS:TIGO Ingresos, gastos y beneficios (USD Millions)
FechaIngresosBeneficiosGastos G+AGastos de I+D
31 Mar 266,4361,2351,9670
31 Dec 255,8191,3161,7380
30 Sep 255,5881,0961,6000
30 Jun 255,5999521,6920
31 Mar 255,6853541,7480
31 Dec 245,8042561,8000
30 Sep 245,8511581,8700
30 Jun 245,8441031,8940
31 Mar 245,77931,9350
31 Dec 235,661-861,9560
30 Sep 235,567341,9770
30 Jun 235,53041,9290
31 Mar 235,585391,8910
31 Dec 225,624641,8900
30 Sep 225,4986661,8760
30 Jun 225,1177241,7630
31 Mar 224,6706181,6600
31 Dec 214,2616181,5460
30 Sep 214,094-941,5030
30 Jun 214,114-1601,5060
31 Mar 214,082-1821,4720
31 Dec 203,805-2841,3830
30 Sep 204,233-541,5000
30 Jun 204,304-1391,5370
31 Mar 204,389-431,6070
31 Dec 194,336921,5880
30 Sep 194,166-2261,5850
30 Jun 194,059-311,5650
31 Mar 194,005-101,5480
31 Dec 183,946231,6160
30 Sep 184,0221511,5730
30 Jun 184,054951,5900
31 Mar 184,055601,6000
31 Dec 173,936271,5310
30 Sep 174,071-1181,6340
30 Jun 174,079-1141,6380
31 Mar 174,075-431,6330
31 Dec 164,043-121,6270
30 Sep 164,690-3041,8780
30 Jun 165,260-2892,0870
31 Mar 165,929-4112,3440
31 Dec 156,572-4762,5900
30 Sep 156,796-392,6470
30 Jun 156,870952,6690

Ingresos de calidad: TIGO tiene una única gran ganancia de $713.0M que afecta a sus resultados financieros de los últimos 12 meses de 31st March, 2026.

Margen de beneficios creciente: Los actuales márgenes de beneficio (19.2%) de TIGO son superiores a los del año pasado (6.2%).


Análisis del flujo de caja libre vs. Beneficios


Análisis del crecimiento de los beneficios en el pasado

Tendencia de beneficios: TIGO ha pasado a ser rentable en los últimos 5 años, con un crecimiento de los beneficios de 41.5% al año.

Acelerando crecimiento: El crecimiento de los beneficios de TIGO en el último año (248.9%) supera su media de 5 años (41.5% al año).

Beneficios vs. Industria: El crecimiento de los beneficios de TIGO en el último año (248.9%) superó al de la industria Wireless Telecom -11.5%.


Rentabilidad financiera

Alta ROE: Aunque la rentabilidad financiera (38.53%) de TIGO es alta, esta métrica está sesgada debido a su elevado nivel de endeudamiento.


Rentabilidad económica


Rendimiento del capital invertido


Descubre empresas con buenos resultados en el pasado

Análisis de la empresa y estado de los datos financieros

DatosÚltima actualización (huso horario UTC)
Análisis de la empresa2026/05/26 09:45
Precio de las acciones al final del día2026/05/26 00:00
Beneficios2026/03/31
Ingresos anuales2025/12/31

Fuentes de datos

Los datos utilizados en nuestro análisis de empresas proceden de S&P Global Market Intelligence LLC. Los siguientes datos se utilizan en nuestro modelo de análisis para generar este informe. Los datos están normalizados, lo que puede introducir un retraso desde que la fuente está disponible.

PaqueteDatosMarco temporalEjemplo Fuente EE.UU. *
Finanzas de la empresa10 años
  • Cuenta de resultados
  • Estado de tesorería
  • Balance
Estimaciones del consenso de analistas+3 años
  • Previsiones financieras
  • Objetivos de precios de los analistas
Precios de mercado30 años
  • Precios de las acciones
  • Dividendos, escisiones y acciones
Propiedad10 años
  • Accionistas principales
  • Información privilegiada
Gestión10 años
  • Equipo directivo
  • Consejo de Administración
Principales avances10 años
  • Anuncios de empresas

* Ejemplo para valores de EE.UU., para no EE.UU. se utilizan formularios y fuentes normativas equivalentes.

A menos que se especifique lo contrario, todos los datos financieros se basan en un periodo anual, pero se actualizan trimestralmente. Esto se conoce como datos de los últimos doce meses (TTM) o de los últimos doce meses (LTM). Más información.

Modelo de análisis y copo de nieve

Los detalles del modelo de análisis utilizado para generar este informe están disponibles en nuestra página de Github, también tenemos guías sobre cómo utilizar nuestros informes y tutoriales en Youtube.

Conozca al equipo de talla mundial que diseñó y construyó el modelo de análisis Simply Wall St.

Métricas industriales y sectoriales

Simply Wall St calcula cada 6 horas nuestras métricas sectoriales y de sección. Los detalles de nuestro proceso están disponibles en Github.

Fuentes analistas

Millicom International Cellular S.A. está cubierta por 23 analistas. 7 de esos analistas presentaron las estimaciones de ingresos o ganancias utilizadas como datos para nuestro informe. Las estimaciones de los analistas se actualizan a lo largo del día.

AnalistaInstitución
Barry ZeitouneBerenberg
Justine DimovicBNP Paribas
Mathieu RobilliardBNP Paribas