Millicom International Cellular S.A.

NasdaqGS:TIGO Stock Report

Market Cap: US$5.8b

Millicom International Cellular Past Earnings Performance

Past criteria checks 2/6

Millicom International Cellular has been growing earnings at an average annual rate of 19.8%, while the Wireless Telecom industry saw earnings growing at 33.5% annually. Revenues have been growing at an average rate of 8.7% per year. Millicom International Cellular's return on equity is 7.6%, and it has net margins of 4.4%.

Key information

19.8%

Earnings growth rate

16.2%

EPS growth rate

Wireless Telecom Industry Growth23.1%
Revenue growth rate8.7%
Return on equity7.6%
Net Margin4.4%
Next Earnings Update08 May 2025

Recent past performance updates

Recent updates

Millicom International Cellular: Continued Potential For Outperformance Exists In 2025

Jan 27

Millicom: Excellent Outperformance On A Too Small Position

Oct 25
author-image

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

Sep 02 Strengthened market leadership and efficient operations suggest increased profitability and revenue growth in mobile and B2B segments.

Millicom International Cellular Q2 Earnings Preview (Rating Downgrade)

Jul 24

Millicom International Cellular (NASDAQ:TIGO) Is Doing The Right Things To Multiply Its Share Price

Jul 19
Millicom International Cellular (NASDAQ:TIGO) Is Doing The Right Things To Multiply Its Share Price

Millicom International Cellular (NASDAQ:TIGO) Use Of Debt Could Be Considered Risky

May 30
Millicom International Cellular (NASDAQ:TIGO) Use Of Debt Could Be Considered Risky

Millicom International Cellular Setting Up For A Great 2024

Jan 19

Revenue & Expenses Breakdown

How Millicom International Cellular makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NasdaqGS:TIGO Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 245,8042561,8000
30 Sep 245,8511581,9760
30 Jun 245,8441031,9480
31 Mar 245,77932,0110
31 Dec 235,661-861,9370
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
31 Mar 156,6513652,6380
31 Dec 146,3862,6222,5830
30 Sep 145,6832,6512,3910
30 Jun 145,1052,4672,2390

Quality Earnings: TIGO has a large one-off loss of $179.0M impacting its last 12 months of financial results to 31st December, 2024.

Growing Profit Margin: TIGO became profitable in the past.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: TIGO's earnings have grown by 19.8% per year over the past 5 years.

Accelerating Growth: TIGO has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: TIGO has become profitable in the last year, making it difficult to compare its past year earnings growth to the Wireless Telecom industry (37.4%).


Return on Equity

High ROE: TIGO's Return on Equity (7.6%) is considered low.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/01 22:43
End of Day Share Price 2025/05/01 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Millicom International Cellular S.A. is covered by 36 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Peter NielsenABG Sundal Collier
Jean-Michel SalvadorAlphaValue
Mathieu RobilliardBarclays