OTCPK:MICC.F

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Millicom International Cellular

Executive Summary

Millicom International Cellular S.A. provides cable and mobile services in Latin America and Africa. More Details


Snowflake Analysis

Fair value with moderate growth potential.


Similar Companies

Share Price & News

How has Millicom International Cellular's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MICC.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

MICC.F

2.8%

US Wireless Telecom

1.3%

US Market


1 Year Return

-34.4%

MICC.F

33.5%

US Wireless Telecom

15.8%

US Market

Return vs Industry: MICC.F underperformed the US Wireless Telecom industry which returned 32.8% over the past year.

Return vs Market: MICC.F underperformed the US Market which returned 13.8% over the past year.


Shareholder returns

MICC.FIndustryMarket
7 Day0%2.8%1.3%
30 Day14.7%-3.0%-4.1%
90 Dayn/a7.6%8.4%
1 Year-34.4%-34.4%34.0%33.5%18.4%15.8%
3 Year-51.2%-51.2%57.1%53.4%38.2%29.0%
5 Year-46.7%-46.7%122.4%112.1%84.9%64.0%

Price Volatility Vs. Market

How volatile is Millicom International Cellular's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Millicom International Cellular undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MICC.F ($32.07) is trading below our estimate of fair value ($263.07)

Significantly Below Fair Value: MICC.F is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MICC.F is unprofitable, so we can't compare its PE Ratio to the US Wireless Telecom industry average.

PE vs Market: MICC.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MICC.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MICC.F is good value based on its PB Ratio (1.4x) compared to the US Wireless Telecom industry average (2.5x).


Next Steps

Future Growth

How is Millicom International Cellular forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

86.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MICC.F is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: MICC.F is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: MICC.F's is expected to become profitable in the next 3 years.

Revenue vs Market: MICC.F's revenue (6.1% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: MICC.F's revenue (6.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MICC.F's Return on Equity is forecast to be low in 3 years time (20%).


Next Steps

Past Performance

How has Millicom International Cellular performed over the past 5 years?

30.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MICC.F is currently unprofitable.

Growing Profit Margin: MICC.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MICC.F is unprofitable, but has reduced losses over the past 5 years at a rate of 30.4% per year.

Accelerating Growth: Unable to compare MICC.F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MICC.F is unprofitable, making it difficult to compare its past year earnings growth to the Wireless Telecom industry (14.3%).


Return on Equity

High ROE: MICC.F has a negative Return on Equity (-7.18%), as it is currently unprofitable.


Next Steps

Financial Health

How is Millicom International Cellular's financial position?


Financial Position Analysis

Short Term Liabilities: MICC.F's short term assets ($2.5B) exceed its short term liabilities ($2.2B).

Long Term Liabilities: MICC.F's short term assets ($2.5B) do not cover its long term liabilities ($8.0B).


Debt to Equity History and Analysis

Debt Level: MICC.F's debt to equity ratio (267.3%) is considered high.

Reducing Debt: MICC.F's debt to equity ratio has increased from 158.6% to 267.3% over the past 5 years.

Debt Coverage: MICC.F's debt is not well covered by operating cash flow (12.9%).

Interest Coverage: MICC.F is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Millicom International Cellular current dividend yield, its reliability and sustainability?

3.43%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MICC.F's dividend (3.43%) is higher than the bottom 25% of dividend payers in the US market (1.72%).

High Dividend: MICC.F's dividend (3.43%) is low compared to the top 25% of dividend payers in the US market (4.94%).


Stability and Growth of Payments

Stable Dividend: MICC.F's dividend payments have been volatile in the past 10 years.

Growing Dividend: MICC.F's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: MICC.F is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: MICC.F's dividends in 3 years are forecast to be well covered by earnings (41.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.4yrs

Average management tenure


CEO

Mauricio Ramos Borrero (52 yo)

5.42yrs

Tenure

Mr. Mauricio Ramos Borrero serves as Chairman of the Board at Cable Onda, S.A. and its Director since December 13, 2018. He has been the Chief Executive Officer of Millicom International Cellular S.A. (For ...


Leadership Team

NamePositionTenureCompensationOwnership
Mauricio Ramos Borrero
President5.42yrsno data0.19%
$ 5.4m
Timothy Pennington
Senior EVP & CFO6.25yrsno data0.058%
$ 1.7m
Bart Vanhaeren
Vice President of Corporate Financeno datano datano data
Xavier Rocoplan
Executive VP and Chief Technology & Information Officer7.75yrsno data0.038%
$ 1.1m
Bruno Nieuwland
Director of Administrationno datano datano data
Michel Morin
Vice President of Investor Relations3.5yrsno datano data
Salvador Escalon
Executive VP7.5yrsno data0.042%
$ 1.2m
Vivian Kobeh
Corporate Communications Directorno datano datano data
Susy Bobenrieth
Executive VP & Chief Human Resources Officer2.92yrsno datano data
Esteban Iriarte
Executive VP & COO of Latin America4.08yrsno data0.029%
$ 839.8k
Rodrigo Diehl
Executive VP & Chief Strategy Officer4yrsno datano data
Justine Dimovic
VP of Finance & Group Treasurer6.42yrsno datano data

5.4yrs

Average Tenure

48yo

Average Age

Experienced Management: MICC.F's management team is seasoned and experienced (5.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mauricio Ramos Borrero
President5.42yrsno data0.19%
$ 5.4m
Mercedes Johnson
Independent Non-Executive Director1.33yrsUS$173.00k0.0017%
$ 49.6k
José Antonio Ríos García
Independent Chairman of the Board1.67yrsUS$366.00k0.0057%
$ 164.5k
Tomas Eliasson
Independent Non-Executive Director6.33yrsUS$211.00k0.0056%
$ 161.4k
Pernille Erenbjerg
Independent Deputy Chairmanno dataUS$350.00k0.0033%
$ 94.0k
James Thompson
Independent Non-Executive Director1.67yrsUS$242.00k0.0091%
$ 259.4k
Lars-Åke Norling
Independent Non-Executive Director2.33yrsUS$206.00k0.0028%
$ 80.3k
Odilon Almeida
Independent Non-Executive Director5.33yrsUS$173.00k0.0050%
$ 144.2k

1.7yrs

Average Tenure

58.5yo

Average Age

Experienced Board: MICC.F's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Millicom International Cellular S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Millicom International Cellular S.A.
  • Ticker: MICC.F
  • Exchange: OTCPK
  • Founded: 1990
  • Industry: Wireless Telecommunication Services
  • Sector: Telecom
  • Market Cap: US$2.866b
  • Shares outstanding: 101.21m
  • Website: https://www.millicom.com

Number of Employees


Location

  • Millicom International Cellular S.A.
  • 2, Rue du Fort Bourbon
  • Luxembourg
  • 1249
  • Luxembourg

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TIGONasdaqGS (Nasdaq Global Select)YesRegistered Common SharesUSUSDDec 1993
M4M1HMSE (Hamburg Stock Exchange)YesRegistered Common SharesDEEURDec 1993
MICC.FOTCPK (Pink Sheets LLC)SDR EACH REP 1 USD1.50USUSDMar 2004
TIGO SDBOM (OMX Nordic Exchange Stockholm)SDR EACH REP 1 USD1.50SESEKMar 2004
0GRKLSE (London Stock Exchange)SDR EACH REP 1 USD1.50GBSEKMar 2004
TIGOSBATS-CHIXE (BATS 'Chi-X Europe')SDR EACH REP 1 USD1.50GBSEKMar 2004
M4MDB (Deutsche Boerse AG)SDR EACH REP 1 USD1.50DEEURMar 2004

Biography

Millicom International Cellular S.A. provides cable and mobile services in Latin America and Africa. The company offers mobile services, including mobile data and voice; short message service; and mobile f ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/28 23:58
End of Day Share Price2020/09/15 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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 here.