How does M4M1's PE Ratio compare to its peers?

M4M1 is expensive based on its Price-To-Earnings Ratio (28.4x) compared to the peer average (17.3x).

How does M4M1's PE Ratio compare vs other companies in the Global Wireless Telecom Industry?

M4M1 is expensive based on its Price-To-Earnings Ratio (28.4x) compared to the Global Wireless Telecom industry average (16.7x).

What is M4M1's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

M4M1 is good value based on its Price-To-Earnings Ratio (28.4x) compared to the estimated Fair Price-To-Earnings Ratio (29.6x).

What is the Fair Price of M4M1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

M4M1 (€25.2) is trading below our estimate of [[fair value]] (€233.4)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Millicom International Cellular (DB:M4M1) - Stock Price, News & Analysis

M4M1 Stock Overview

Provides cable and mobile services in Latin America. More details

M4M1 fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	3/6
Past Performance	5/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 89.2% below our estimate of its fair value

Earnings are forecast to grow 28.39% per year

Earnings grew by 364.7% over the past year

Analysts in good agreement that stock price will rise by 26.3%

Risk Analysis

Interest payments are not well covered by earnings

Millicom International Cellular S.A. Competitors

freenet

XTRA:FNTN

€3.4b

1&1

XTRA:1U1

€2.1b

Telefónica Deutschland Holding

HMSE:O2D

€6.2b

Telefónica Deutschland Holding

XTRA:O2D

€7.2b

Price History & Performance

Summary of all time highs, changes and price drops for Millicom International Cellular
Historical stock prices
Current Share Price	US$25.20
52 Week High	US$25.80
52 Week Low	US$14.10
Beta	1.23
11 Month Change	0.80%
3 Month Change	9.57%
1 Year Change	68.00%
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	-5.26%

Recent updates

Shareholder Returns

	M4M1	DE Wireless Telecom	DE Market
7D	0.8%	-2.7%	-1.5%
1Y	68.0%	-1.4%	7.9%

Return vs Industry: M4M1 exceeded the German Wireless Telecom industry which returned -2.8% over the past year.

Return vs Market: M4M1 exceeded the German Market which returned 8.3% over the past year.

Price Volatility

Is M4M1's price volatile compared to industry and market?
M4M1 volatility
M4M1 Average Weekly Movement	3.5%
Wireless Telecom Industry Average Movement	3.1%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	11.0%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: M4M1 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: M4M1's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1990	15,000	Marcelo Benitez	www.millicom.com

Millicom International Cellular S.A. provides cable and mobile services in Latin America. It 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. The company also operates TIGO Sports for local entertainment; Tigo Money that allows its customers to send and receive money without the need for a bank account; and TIGO ONEtv for pay TV.

Millicom International Cellular S.A. Fundamentals Summary

How do Millicom International Cellular's earnings and revenue compare to its market cap?
M4M1 fundamental statistics
Market cap	€4.32b
Earnings (TTM)	€150.08m
Revenue (TTM)	€5.56b

28.4x

P/E Ratio

0.8x

P/S Ratio

Is M4M1 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
M4M1 income statement (TTM)
Revenue	US$5.85b
Cost of Revenue	US$1.47b
Gross Profit	US$4.38b
Other Expenses	US$4.23b
Earnings	US$158.00m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 27, 2025

Earnings per share (EPS)	0.92
Gross Margin	74.91%
Net Profit Margin	2.70%
Debt/Equity Ratio	168.6%

How did M4M1 perform over the long term?

See historical performance and comparison

M4M1 Stock Overview

Rewards

Risk Analysis

Millicom International Cellular S.A. Competitors

XTRA:FNTN

€3.4b

XTRA:1U1

€2.1b

HMSE:O2D

€6.2b

XTRA:O2D

€7.2b

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings released: EPS: US$0.30 (vs US$0.023 loss in 3Q 2023)

High number of new and inexperienced directors

Millicom International Cellular S.A. to Report Q1, 2025 Results on May 08, 2025

SBA Communications Corporation (NasdaqGS:SBAC) has entered into an agreement to acquire Portfolio of approximately 7,000 towers of Millicom International Cellular S.A. (NasdaqGS:TIGO) for approximately $980 million.

Millicom International Cellular S.A Announces Board Changes

Xavier Niel Provides Information to Shareholders of Millicom International

Recent updates

Third quarter 2024 earnings released: EPS: US$0.30 (vs US$0.023 loss in 3Q 2023)

High number of new and inexperienced directors

Millicom International Cellular S.A. to Report Q1, 2025 Results on May 08, 2025

SBA Communications Corporation (NasdaqGS:SBAC) has entered into an agreement to acquire Portfolio of approximately 7,000 towers of Millicom International Cellular S.A. (NasdaqGS:TIGO) for approximately $980 million.

Millicom International Cellular S.A Announces Board Changes

Xavier Niel Provides Information to Shareholders of Millicom International

Second quarter 2024 earnings released: EPS: US$0.46 (vs US$0.13 loss in 2Q 2023)

Liberty Latin America Ltd. (NasdaqGS:LILA) entered into an agreement to acquire operations in Costa Rica from Millicom International Cellular S.A. (NasdaqGS:TIGO).

Millicom International Cellular S.A. (NasdaqGS:TIGO) proposed to acquire an unknown minority stake in Colombia Telecomunicaciones S. A. E.S.P. BIC (BVC:COLTEL) from Ministerio De Hacienda Y Credito Publico and others.

Millicom International Cellular S.A. (NasdaqGS:TIGO) proposed to acquire an unknown minority stake in Colombia Telecomunicaciones S. A. E.S.P. BIC (BVC:COLTEL) from Ministerio De Hacienda Y Credito Publico and others.

Xavier Niel Files an Amendment to Tender Offer with Millicom International Cellular S.A.

Xavier Niel Makes Tender Offer to Millicom International

Xavier Niel Makes Tender Offer to Millicom International

Millicom International Cellular S.A. Approves Board Elections

Millicom International Cellular S.A. to Report Q2, 2024 Results on Aug 08, 2024

First quarter 2024 earnings released: EPS: US$0.54 (vs US$0.018 in 1Q 2023)

Millicom International Cellular S.A. to Report Q1, 2024 Results on May 08, 2024

Millicom Announces the Appointment of Marcelo Benitez as CEO, Effective June 1, 2024

Millicom International Cellular S.A. Announces Chief Financial Officer Changes

Millicom International Cellular S.A. Announces Chief Financial Officer Changes

Full year 2023 earnings released: US$0.48 loss per share (vs US$0.46 profit in FY 2022)

Millicom Appoints Aude Durand to its Board of Directors

Millicom Launches XGS-PON Fiber-To-The-Home

Third quarter 2023 earnings released: US$0.014 loss per share (vs US$0.20 loss in 3Q 2022)

Millicom International Cellular S.A., Annual General Meeting, May 22, 2024

Millicom International Cellular S.A. Announces the Nomination Committee Ahead of the 2024 Annual General Meeting

Millicom International Cellular S.A. Expects Mauricio Ramos to Step Down as CEO, After the 2024 AGM

Second quarter 2023 earnings released: US$0.13 loss per share (vs US$0.11 profit in 2Q 2022)

Millicom International Cellular S.A. (NasdaqGS:TIGO) acquired 2.6 GHz spectrum in Guatemala.

Less than half of directors are independent

Millicom International Cellular S.A. Approves the Election of Directors

First quarter 2023 earnings released

Atlas Luxco S.à r.l. acquired additional 12.6% stake in Millicom International Cellular S.A. (NasdaqGS : TIGO).

Full year 2022 earnings released: EPS: US$1.27 (vs US$5.83 in FY 2021)

Millicom International Cellular S.A. to Report Q1, 2023 Results on Apr 27, 2023

Millicom International Cellular S.A. to Report Q4, 2022 Results on Feb 10, 2023

Apollo, Marcelo Claure Reportedly Eye Telecoms Group Millicom

Investor sentiment improves as stock rises 21%

Investor sentiment improved over the past week

Third quarter 2022 earnings released: US$0.18 loss per share (vs US$0.049 profit in 3Q 2021)

Second quarter 2022 earnings released: EPS: US$0.11 (vs US$0.92 loss in 2Q 2021)

Millicom International Cellular S.A. (NasdaqGS:TIGO) signed an agreement to acquire a 20% stake in Cable Onda, S.A.

Millicom International Cellular S.A. to Launch New Digital Maestr@s Conectad@s Platform for the Digital Skilling of Teachers in Latin America

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Millicom International Cellular S.A. Elects Mr. Tomas Eliasson as New Non-Executive Director

First quarter 2022 earnings released: EPS: US$0.23 (vs US$0.41 in 1Q 2021)

High number of new directors

Axian Group completed the acquisition of Tanzania Operations of Millicom International Cellular S.A.

Millicom International Cellular S.A. Announces Board Changes

Full year 2021 earnings: Revenues and EPS in line with analyst expectations