Millicom (TIGO) Fundamental Analysis: Revenue, Earnings & Valuation

8.31 / 10

Outperform

Millicom International Cellular SA (TIGO) exhibits superior fundamentals with a composite score of 8.3/10. Key strengths include robust year-over-year growth in net cash flow from operating activities (9.4%), shareholders' equity (-7.9% decline but still in the top two groups), total profit (213.2%), net profit attributable to parent company shareholders (381.4%), and accounts receivable turnover ratio (10.9). The main weakness is Inventory turnover days at 16, which is in the lowest performing group. Overall, the fundamental profile supports an Outperform rating and an attractive investment view.

Analysis Checks(8/10)

Profit-MV

Value1.93

Score2/3

Weight2.42%

1M Return1.97%

Accounts receivable turnover ratio

Value10.91

Score3/3

Weight9.04%

1M Return7.18%

Basic earnings per share (YoY growth rate %)

Value392.25

Score3/3

Weight10.30%

1M Return7.75%

Total profit (YoY growth rate %)

Value213.19

Score3/3

Weight13.59%

1M Return9.75%

Net cash flow from operating activities (YoY growth rate %)

Value9.40

Score3/3

Weight10.93%

1M Return8.30%

Shareholders’ equity attributable to parent company (growth rate compared to beginning of year %)

Value-7.86

Score2/3

Weight1.65%

1M Return1.43%

Cash-UP

Value1.15

Score0/3

Weight-5.60%

1M Return-10.51%

Asset-MV

Value-0.50

Score3/3

Weight42.97%

1M Return20.18%

Net profit attributable to parent company shareholders (YoY growth rate %)

Value381.45

Score3/3

Weight12.76%

1M Return9.29%

Inventory turnover days

Value16.00

Score1/3

Weight1.93%

1M Return1.58%

Is TIGO undervalued or overvalued?

TIGO scores 8.31/10 on fundamentals and holds a Discounted valuation at present. Backed by its 30.91% ROE, 20.50% net margin, 31.96 P/E ratio, 3.42 P/B ratio, and 609.78% earnings growth, these metrics solidify its Outperform investment rating.