Uncovering the Financial Performance of TIGO (Millicom International Cellular S.A.) Common Stock
July 25, 2023
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Millicom International Cellular ($NASDAQ:TIGO) S.A. (TIGO) is a leading provider of cable and mobile services in Latin America’s emerging markets. It is a publicly traded company listed on the Nasdaq Nordic, and its share price is closely followed by investment analysts and stock market investors. In order to gain insight into the financial performance of TIGO and its common stock, it is important to understand the company’s history, recent successes, and current initiatives. It has also been recognized for its innovation in bringing innovative services to the region such as 4G, mobile money, and pay-TV. On the financial side, TIGO has achieved strong growth in revenue and profits over the past few years, and its stock price has outperformed many of its peers in the sector.
These acquisitions have enabled the company to expand its presence in new markets and to deepen its relationships with customers. TIGO’s financial performance has also been supported by its disciplined approach to capital allocation and cost management. Overall, TIGO is well positioned for continued growth as it continues to benefit from its strong market position, innovative products, and strategic acquisitions. By understanding the company’s financial performance, investors can make more informed decisions when trading TIGO common stock.
Share Price
On Monday, MILLICOM INTERNATIONAL CELLULAR S.A (TIGO) common stock opened the trading session at $16.7 and closed at $16.9, representing a 1.5% increase from the prior closing price of $16.6. The appreciation of 1.5% reflects a positive trend in the stock, further reinforcing investor confidence in the company and its financial performance. This trend in the stock’s performance reflects positively on the overall financial health of TIGO and is a good indicator of its successful strategies for growth and development. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for TIGO. More…
| Total Revenues | Net Income | Net Margin |
| 5.59k | 157 | 1.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for TIGO. More…
| Operations | Investing | Financing |
| 1.22k | -1.15k | 154 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for TIGO. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 14.43k | 10.8k | 21.18 |
Key Ratios Snapshot
Some of the financial key ratios for TIGO are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.4% | 27.4% | 13.4% |
| FCF Margin | ROE | ROA |
| 2.0% | 12.9% | 3.2% |
Analysis
At GoodWhale, we analyze financials of companies to provide a risk rating. After analyzing MILLICOM INTERNATIONAL CELLULAR S.A’s financials, we rate it a medium risk investment in terms of financial and business aspects. Our analysis revealed two risk warnings in the income sheet and balance sheet that you should consider before investing. To access these warnings and our full analysis, register with us. We are constantly updating our ratings and analysis to ensure you have the most accurate information to make informed investment decisions. More…
Peers
The company has a strong presence in both regions, with over 55 million customers and operations in 19 countries. Millicom is a leading provider of mobile voice and data services, fixed-line telephony, and broadband internet. The company has a significant market share in both prepaid and postpaid mobile services. Millicom’s main competitors are Shaw Communications Inc, SK Telecom Co Ltd, and StarHub Ltd. These companies are all leading providers of telecommunications services in their respective markets. Shaw is the largest provider of telecommunications services in Canada, with over 10 million customers. SK Telecom is the largest mobile operator in South Korea, with over 50 million subscribers. StarHub is the largest provider of pay TV and broadband internet services in Singapore, with over 1 million customers.
– Shaw Communications Inc ($TSX:SJR.B)
Shaw Communications Inc is a Canadian telecommunications company that provides telephone, Internet, television, and wireless services to consumers and businesses in Canada. The company has a market capitalization of $17.67 billion as of 2022 and a return on equity of 12.9%. Shaw is one of the leading providers of telecommunications services in Canada and is headquartered in Calgary, Alberta.
– SK Telecom Co Ltd ($KOSE:017670)
SK Telecom Co Ltd is a South Korean wireless telecommunications operator, with headquarters in the Bundang District of Seongnam, South Korea. The company was founded in March 1984 as Korea’s first wireless telecommunications provider, and as of 2020, it is South Korea’s largest mobile telecommunications operator. SK Telecom is also the world’s first commercial CDMA2000 1xEV-DO service. The company controls around half of South Korea’s mobile market share, with 29 million subscribers as of 2020. The company’s stock trades on the Korea Exchange under the ticker symbol 017670.
SK Telecom has a market capitalization of 10.97 trillion won as of December 2020. The company’s return on equity (ROE) was 9.16% as of the same date.
SK Telecom is South Korea’s largest wireless telecommunications operator, with a 50% market share in the country. The company offers voice, data, and multimedia services to its customers, and also provides a wide range of mobile devices and accessories. SK Telecom’s multimedia services include T-money (a prepaid card used for public transportation), T-store (an app store), and Tcast (an online streaming service). The company also has a wide range of business solutions, including enterprise mobility, cloud, big data, and IoT.
– StarHub Ltd ($SGX:CC3)
Singaporean telecommunications company StarHub has a market capitalization of 1.82 billion as of 2022. The company’s return on equity is 24.2%. StarHub is a leading provider of mobile, broadband, and pay TV services in Singapore. The company offers a wide range of services to both residential and business customers. StarHub’s mobile network covers more than 99% of the country’s population. The company’s broadband network reaches more than 98% of households. StarHub’s pay TV service, HubTV, has more than 400 channels and is available in HD.
Summary
Investing in Millicom International Cellular S.A. (TIGO) has potential for investors seeking to gain exposure to the Latin American telecommunications market. The company’s financial performance is well-documented and provides a good guide for investors. TIGO has a strong market position, with its financial performance characterized by low debt, attractive dividends, and high cash flow. Over the past five years, TIGO has consistently increased its profits and cash flow from operations, making it an attractive option for investors.
TIGO further provides investors with a wide range of products and services, as well as a diversified customer base, which can help to minimize risk. Overall, TIGO is a solid investment option for those looking to take advantage of the Latin American market.
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