Millicom International Cellular
Market Cap
US$2.9b
Last Updated
2020/09/28 23:58 UTC
Data Sources
Company Financials +
Executive Summary
Millicom International Cellular S.A. provides cable and mobile services in Latin America and Africa. More Details
Rewards
Risk Analysis
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.F | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 2.8% | 1.3% |
| 30 Day | 14.7% | -3.0% | -4.1% |
| 90 Day | n/a | 7.6% | 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.42yrs | no data | 0.19% $ 5.4m | |
| Senior EVP & CFO | 6.25yrs | no data | 0.058% $ 1.7m | |
| Vice President of Corporate Finance | no data | no data | no data | |
| Executive VP and Chief Technology & Information Officer | 7.75yrs | no data | 0.038% $ 1.1m | |
| Director of Administration | no data | no data | no data | |
| Vice President of Investor Relations | 3.5yrs | no data | no data | |
| Executive VP | 7.5yrs | no data | 0.042% $ 1.2m | |
| Corporate Communications Director | no data | no data | no data | |
| Executive VP & Chief Human Resources Officer | 2.92yrs | no data | no data | |
| Executive VP & COO of Latin America | 4.08yrs | no data | 0.029% $ 839.8k | |
| Executive VP & Chief Strategy Officer | 4yrs | no data | no data | |
| VP of Finance & Group Treasurer | 6.42yrs | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.42yrs | no data | 0.19% $ 5.4m | |
| Independent Non-Executive Director | 1.33yrs | US$173.00k | 0.0017% $ 49.6k | |
| Independent Chairman of the Board | 1.67yrs | US$366.00k | 0.0057% $ 164.5k | |
| Independent Non-Executive Director | 6.33yrs | US$211.00k | 0.0056% $ 161.4k | |
| Independent Deputy Chairman | no data | US$350.00k | 0.0033% $ 94.0k | |
| Independent Non-Executive Director | 1.67yrs | US$242.00k | 0.0091% $ 259.4k | |
| Independent Non-Executive Director | 2.33yrs | US$206.00k | 0.0028% $ 80.3k | |
| Independent Non-Executive Director | 5.33yrs | US$173.00k | 0.0050% $ 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TIGO | NasdaqGS (Nasdaq Global Select) | Yes | Registered Common Shares | US | USD | Dec 1993 |
| M4M1 | HMSE (Hamburg Stock Exchange) | Yes | Registered Common Shares | DE | EUR | Dec 1993 |
| MICC.F | OTCPK (Pink Sheets LLC) | SDR EACH REP 1 USD1.50 | US | USD | Mar 2004 | |
| TIGO SDB | OM (OMX Nordic Exchange Stockholm) | SDR EACH REP 1 USD1.50 | SE | SEK | Mar 2004 | |
| 0GRK | LSE (London Stock Exchange) | SDR EACH REP 1 USD1.50 | GB | SEK | Mar 2004 | |
| TIGOS | BATS-CHIXE (BATS 'Chi-X Europe') | SDR EACH REP 1 USD1.50 | GB | SEK | Mar 2004 | |
| M4M | DB (Deutsche Boerse AG) | SDR EACH REP 1 USD1.50 | DE | EUR | Mar 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/28 23:58 |
| End of Day Share Price | 2020/09/15 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.