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StockVS

NASDAQ · Telecom Services · USD

Millicom International Cellular S.A. (TIGO) Stock Analysis

Millicom International Cellular S.A. (TIGO) is a Telecom Services stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

TIGO

$81.65

+$1.87 (+2.34%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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TIGO Key Statistics

As of Oct 21, 2026
Trading
Open
$80.19
Previous Close
$79.78
Day's Range
79.82–81.91
52-Week Range
44.88–107.13
Volume
613.05K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.90
Valuation
Market Cap
$13.69B
P/E Ratio
20.62
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
11.58
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
0.28
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
1.89
EPS (ttm)Profit attributable to each share over the last twelve months.
3.96
Financials (FY)
Revenue (FY)
$5.82B+0.26%
Net Income (FY)
$1.32B+420.16%
Profit marginThe share of revenue left as profit after all costs and taxes.
9.18%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
167.71M
1-Year Return
+84.54%
Dividend and dates
Dividend
$3.00+3.76%
Ex-Dividend Date
January 8, 2027
Earnings Date
November 5, 2026
Avg Volume
1.10M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, TIGO closed at $81.65, +84.54% over 1 year.

Millicom International Cellular S.A. (TIGO) has a market capitalization of $13.69B.

In fiscal 2025, TIGO reported revenue of $5.82B.

TIGO Stock Return by Calendar Year

Millicom International Cellular S.A. (TIGO) return since Jan 2019: what $10,000 became

1 year
$10,000 $18,454
+84.54%
5 years
$10,000 $26,473
+164.73%
Since Jan 2019
$10,000 $15,307
+53.07%

If you had invested $10,000 in Millicom International Cellular S.A. (TIGO) at the close on January 9, 2019, the earliest close on record here, it would have been worth $15,307 at the close on October 21, 2026: +53.07% in total, +5.62% a year, with dividends reinvested, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+54.49%
2025+152.35%
2024+38.94%
2023+42.52%
2022−55.61%
2021−26.64%
2020−19.59%
2019−24.28%

As of October 21, 2026.

TIGO Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$5.82B$1.32B22.6%
2024$5.80B$253.00M4.4%
2023$5.66B−$82.00M−1.4%
2022$5.62B$177.00M3.1%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$5.82B$4.51B$1.50B$1.32B22.6%
2024$5.80B$4.38B$1.27B$253.00M4.4%
2023$5.66B$4.15B$779.00M−$82.00M−1.4%
2022$5.62B$4.12B$885.00M$177.00M3.1%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

TIGO Dividend History

$4.50

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*$3.503—
2025$4.504—
2019$2.642—

Most recent payment: $1.17 per share, ex-dividend July 8, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

TIGO Valuation vs Telecom Services Median

Median of 55 stocks
MetricTIGOTelecom Services medianvs median
P/E20.6211.3981% above
P/S ratio1.890.75150% above
Profit margin9.18%2.81%6.4 pts above

Medians across 55 Telecom Services stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 15 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values Millicom International Cellular S.A. (TIGO) at $13.69B. It is classified in the Telecom Services industry, within the Communication Services sector. Headcount on file is 14,250.

Over the past 52 weeks the price has ranged from $44.88 to $107.13. TIGO last closed at $81.65 on October 21, 2026. That is +$1.87 (+2.34%) against the previous close. The latest close sits 81.93% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $5.82B. Against the prior fiscal year total of $5.80B, that is a change of +0.26%. The same year closed with net income of $1.32B. That is +420.16% against the prior fiscal year. Profit margin runs at 9.18%. That is 6.4 percentage points above the Telecom Services median of 2.81%. Earnings per share on a trailing basis come to 3.96.

Across the 4 fiscal years on file, revenue moves from $5.62B in 2022 to $5.82B in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 20.62 times earnings. That is 81.04% above the Telecom Services median of 11.39. The forward P/E on file is 11.58. The PEG ratio, which sets the P/E against expected earnings growth, reads 0.28. The price-to-sales ratio is 1.89. On price-to-sales that is 150.32% above the Telecom Services median of 0.75. 55 Telecom Services companies report these metrics, and the medians quoted come from that group.

The reported beta is 0.9. Daily returns over the trailing 7 years annualize to a volatility of 42.12%. The trailing one-year total return is +84.54%. Measured over 5 years, that is +21.50% a year compounded.

Growth & Income

Shareholders receive a dividend, yielding 3.76% on the latest price. That is 0.6 percentage points below the Telecom Services median yield of 4.34%. At the indicated rate that is $3.00 a share a year. The ex-dividend date on file is January 8, 2027. Dividends are recorded for 3 calendar years; 2026 shows 3 payments totalling $3.50 a share. The year before, 2025, totalled $4.50 a share.

So far in 2026 the total return is +54.49%. The strongest complete calendar year on file is 2025 at +152.35%; the weakest is 2022 at −55.61%. Of the 7 complete calendar years on file, 3 finished higher.

Peer Comparison

Millicom International Cellular S.A. (TIGO) operates in the Telecom Services industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Millicom International Cellular S.A. TIGO $13.69B 20.6
Verizon Communications Inc. VZ $180.98B 11.3
T-Mobile US, Inc. TMUS $164.92B 16.1
AT&T Inc. T $150.14B 7.2

The Telecom Services industry average P/E ratio is 11.4x. Millicom International Cellular S.A. trades at a P/E of 20.6.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Millicom International Cellular S.A.

Millicom International Cellular S.A. engages in the provision cable and mobile services in Latin America. The company 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. In addition, the company provides fixed services, including broadband, fixed voice, and pay-TV; and fixed-voice and data telecommunications services, managed services, cloud and security solutions, and value-added services; and tower infrastructure and services. The company serves small, medium, and large businesses, as well as residential consumers and governmental entities. It markets its products and services under the Tigo and Tigo Business brands. The company was founded in 1990 and is headquartered in Luxembourg, Luxembourg.

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