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Millicom International Cellular S.A. TIGO NASDAQ

NASDAQ Global Select • Communication Services • Telecommunications Services • LU • USD

SharesGrow Score
62/100
4/7 Pass
SharesGrow Intrinsic Value
$111.35
+38.2%
Analyst Price Target
$64.25
-20.2%
SharesGrow 7-Criteria Score All 7 criteria scored · valuation-related highlighted on this page

Millicom International Cellular S.A. (TIGO) trades at a trailing P/E of 10.5, forward P/E of 15.8. Trailing earnings yield is 9.56%, forward earnings yield 6.34%. PEG 0.02 (Peter Lynch undervalued ≤1.0). Graham Number is $61.63.

Criteria proven by this page:

  • VALUE (74/100, Pass) — P/E is below market average (10.5); PEG ≤ 1.0 — Peter Lynch undervalued (0.02); earnings yield beats bond yields (9.56%).
  • PEG Ratio 0.02 — below 1.0 suggests the stock is undervalued relative to its earnings growth rate (Peter Lynch criterion).
  • Trailing Earnings Yield 9.56% — exceeds typical bond yields (~4.3%), making equity attractive vs fixed income.
  • Analyst consensus target $64.25 (-20.2% downside) — analysts see meaningful downside risk at the current price level.

Overall SharesGrow Score: 62/100 with 4/7 criteria passed.

SharesGrow 7-Criteria Score
62/100
SG Score
View full scorecard →
VALUE
74/100
Price-to-Earnings & upside
Proven by this page
FUTURE
16/100
Analyst consensus
→ Forecast
~
PAST
75/100
→ Income
HEALTH
33/100
Debt-to-Equity & liquidity
→ Health
MOAT
80/100
→ Income
GROWTH
73/100
→ Income
INCOME
85/100
→ Income

Valuation Snapshot — TIGO

Valuation Multiples
P/E (TTM)10.5
Forward P/E15.8
PEG Ratio0.02
Forward PEG1.28
P/B Ratio3.78
P/S Ratio2.36
EV/EBITDA6.3
Per Share Data
EPS (TTM)$7.83
Forward EPS (Est.)$5.10
Book Value / Share$21.55
Revenue / Share$34.63
FCF / Share$6.97
Yields & Fair Value
Earnings Yield9.56%
Forward Earnings Yield6.34%
Dividend Yield6.71%
Graham Number$61.63
SharesGrow IV$111.35 (+38.2%)
Analyst Target$64.25 (-20.2%)

Historical Valuation

Year P/E (TTM) PEG Ratio P/B Ratio P/S Ratio Dividend Yield
2016 -120.3 1.31 1.71 1.32 4.90%
2017 183.4 -0.90 2.78 2.11 3.07%
2018 430.2 -7.20 3.22 2.07 3.25%
2019 82.8 0.28 2.58 1.43 4.31%
2020 -14.5 0.03 2.43 1.20 -
2021 7.9 -0.03 1.80 1.09 -
2022 30.8 -0.35 0.49 0.31 -
2023 -37.8 0.17 0.88 0.55 -
2024 16.9 -0.04 1.18 0.74 -
2025 7.1 0.02 2.56 1.60 8.09%

EPS: Actual vs Estimates

P/E Ratio & Earnings Yield

Earnings Per Share (EPS) History

Year EPS (Diluted) Revenue Net Income Net Margin
2016 $-0.25 $4.37B $-32M -0.7%
2017 $0.68 $4.13B $85M 2.1%
2018 $-0.08 $4.08B $-10M -0.2%
2019 $0.76 $4.34B $98M 2.3%
2020 $-2.89 $4.17B $-373M -8.9%
2021 $3.59 $4.62B $590M 12.8%
2022 $0.11 $5.62B $16M 0.3%
2023 $-0.48 $5.66B $-82M -1.4%
2024 $1.48 $5.8B $253M 4.4%
2025 $7.83 $5.82B $1.32B 22.6%

Analyst Estimates

Year EPS (Avg) EPS Range Revenue (Avg) Revenue Range Analysts
2026 $5.04 $4.98 – $5.09 $8.15B $8.12B – $8.18B 4
2027 $5.52 $4.29 – $6.74 $8.42B $8.33B – $8.5B 3
2028 $6.25 $4.07 – $7.76 $8.57B $8.54B – $8.59B 5
2029 $0.00 $0.00 – $0.00 $5.9B $5.68B – $6.02B 1
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