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Millicom International Cellular S.A. (TIGO)
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

Company Info

ISIN
LU0038705702
CUSIP
003870570
IPO Date
Feb 28, 1994

Highlights

Market Cap
$12.59B
Enterprise Value
$20.84B
EPS (TTM)
$7.84
PE Ratio
9.56
PEG Ratio
0.03
Total Revenue (TTM)
$5.82B
Gross Profit (TTM)
$4.21B
EBITDA (TTM)
$3.40B
Year Range
$26.35 - $77.33
Target Price
$56.00
ROA (TTM)
7.63%
ROE (TTM)
36.15%

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Millicom International Cellular S.A., comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Millicom International Cellular S.A. (TIGO) has returned 37.18% so far this year and 174.64% over the past 12 months. Over the last ten years, TIGO has returned 6.75% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.


Millicom International Cellular S.A.

1D
2.48%
1M
2.81%
YTD
37.18%
6M
63.41%
1Y
174.64%
3Y*
66.02%
5Y*
17.59%
10Y*
6.75%

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since May 31, 2011, TIGO's average daily return is +0.03%, while the average monthly return is +0.47%. At this rate, your investment would double in approximately 12.3 years.

Historically, 51% of months were positive and 49% were negative. The best month was Jan 2023 with a return of +34.5%, while the worst month was Mar 2020 at -37.6%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 7 months.

On a daily basis, TIGO closed higher 49% of trading days. The best single day was Jan 25, 2023 with a return of +23.1%, while the worst single day was May 20, 2022 at -23.3%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202611.72%19.43%2.81%37.18%
202511.18%-1.57%15.18%17.26%8.60%-0.11%9.29%20.32%0.48%1.22%12.65%4.47%152.35%
2024-5.33%9.45%8.47%1.19%21.64%-1.41%0.90%4.24%5.03%1.62%-9.94%0.77%38.94%
202334.52%16.48%-4.40%-5.34%-6.53%-8.96%2.49%1.60%-2.65%1.68%7.32%6.76%42.52%
2022-5.55%-13.55%8.52%-13.45%-22.23%-15.32%10.16%-10.49%-19.48%-3.94%23.91%-7.00%-55.61%
2021-4.51%1.11%2.06%2.64%13.97%-11.48%0.78%-5.49%-4.09%-3.29%-10.73%-8.84%-26.64%

Benchmark Metrics

Millicom International Cellular S.A. has an annualized alpha of -3.26%, beta of 0.76, and R² of 0.13 versus S&P 500 Index. Calculated based on daily prices since June 01, 2011.

  • This stock participated in 120.00% of S&P 500 Index downside but only 65.79% of its upside — more exposed to losses than it benefited from rallies.
  • R² of 0.13 means this stock moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
-3.26%
Beta
0.76
0.13
Upside Capture
65.79%
Downside Capture
120.00%

Return for Risk

Risk / Return Rank

TIGO ranks 99 for risk / return — in the top 99% of stocks on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.


TIGO Risk / Return Rank: 9999
Overall Rank
TIGO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
TIGO Sortino Ratio Rank: 9898
Sortino Ratio Rank
TIGO Omega Ratio Rank: 9898
Omega Ratio Rank
TIGO Calmar Ratio Rank: 9999
Calmar Ratio Rank
TIGO Martin Ratio Rank: 9999
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Millicom International Cellular S.A. (TIGO) and compare them to a chosen benchmark (S&P 500 Index).


TIGOBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

4.98

0.90

+4.09

Sortino ratio

Return per unit of downside risk

4.77

1.39

+3.38

Omega ratio

Gain probability vs. loss probability

1.67

1.21

+0.46

Calmar ratio

Return relative to maximum drawdown

15.86

1.40

+14.46

Martin ratio

Return relative to average drawdown

44.73

6.61

+38.12

Explore TIGO risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

Millicom International Cellular S.A. provided a 5.67% dividend yield over the last twelve months, with an annual payout of $4.25 per share.


0.00%2.00%4.00%6.00%8.00%$0.00$1.00$2.00$3.00$4.002016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM2025202420232022202120202019201820172016
Dividend$4.25$4.50$0.00$0.00$0.00$0.00$0.00$2.64$2.64$2.64$2.64

Dividend yield

5.67%8.12%0.00%0.00%0.00%0.00%0.00%5.47%4.15%3.92%6.23%

Monthly Dividends

The table displays the monthly dividend distributions for Millicom International Cellular S.A.. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.75$0.00$0.00$0.75
2025$1.00$0.00$0.00$0.75$0.00$0.00$0.75$0.00$0.00$2.00$0.00$0.00$4.50
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00

Dividend Yield & Payout


Dividend Yield

Millicom International Cellular S.A. has a dividend yield of 5.67%, which means its dividend payment is significantly above the market average.

Payout Ratio

Millicom International Cellular S.A. has a payout ratio of 25.38%, which is below the market average. This means Millicom International Cellular S.A. returns a smaller proportion of its earnings to shareholders as dividends, suggesting it retains a higher portion for reinvestment, growth, or debt payment.

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Millicom International Cellular S.A.. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Millicom International Cellular S.A. was 88.26%, occurring on Oct 27, 2022. The portfolio has not yet recovered.

The current Millicom International Cellular S.A. drawdown is 3.78%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-88.26%Aug 1, 20112804Oct 27, 2022
-11.38%Jun 1, 201111Jun 15, 201124Jul 20, 201135
-3.1%Jul 27, 20112Jul 28, 20111Jul 29, 20113
-1.01%Jul 25, 20111Jul 25, 20111Jul 26, 20112

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Financials

Financial Performance

The chart below illustrates the trends in the financial health of Millicom International Cellular S.A. over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.


Annual
Quarterly

0.0

Valuation

The Valuation section provides an overview of how Millicom International Cellular S.A. is priced in the market compared to other companies in the Telecom Services industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.


PE Ratio

The chart displays the Price-to-Earnings (P/E) ratio for TIGO, comparing it with other companies in the Telecom Services industry. Currently, TIGO has a P/E ratio of 9.6. This P/E ratio is in line with the industry average, suggesting the stock may be fairly valued relative to its earnings.

PEG Ratio

The chart shows the Price/Earnings to Growth (PEG) ratio for TIGO compared to other companies in the Telecom Services industry. TIGO currently has a PEG ratio of 0.0. This PEG ratio is close to the industry average, suggesting the stock’s valuation is balanced against its growth outlook.

PS Ratio

This chart shows the Price-to-Sales (P/S) ratio for TIGO relative to other companies in the Telecom Services industry. Currently, TIGO has a P/S ratio of 2.2. This P/S ratio is high relative to other companies in the industry. It could mean the stock is overvalued, or that investors expect strong future growth and profitability.

PB Ratio

The chart illustrates the Price-to-Book (P/B) ratio for TIGO in comparison with other companies in the Telecom Services industry. Currently, TIGO has a P/B value of 3.5. This P/B ratio is higher than most companies in the industry. It may suggest the stock is overvalued or that investors expect the company to generate high returns on its assets.

Income Statement



TTM
Revenue

Total Revenue

Cost Of Revenue

Gross Profit

Operating Expenses

Selling, General & Admin Expenses

R&D Expenses

Depreciation And Amortization

Total Operating Expenses

Income

Income Before Tax

Operating Income

EBITDA

EBIT

Earnings From Continuing Operations

Net Income

Income Tax Expense

Other Non-Operating Income (Expenses)

Extraordinary Items

Discontinued Operations

Effect Of Accounting Charges

Non Recurring

Minority Interest

Other Items

Interest Income

Interest Expense

Net Interest Income

Values in undefined except per share items