TIGO

Millicom International Cellular S.A.

Communication Services · $15.0B market cap

Verdict

Share price

$88.32

close of Oct 3, 2026

Fair value

$35.65

Sticker Price

Payback Price

$14.26

buy price

Overpriced

TIGO is Overpriced: at $88.32 it trades 148% above its fair value of $35.65. Its buy price (Payback Price) is $14.26, 84% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.

How we valued it

Free Cash Flow. Sales grew 1% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

1 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth22.3% a year✓
Equity per share growth6.3% a year✗
Sales growth3.4% a year✗
Free cash flow growth5.6% a year✗
Return on invested capital2.2%✗

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Superinvestors

3 of the investors we track hold TIGO. In Q2 2026, 1 trimmed. Who we track

Moves in Q2 2026

Trimmed: Sarah Ketterer

Insider activity

Since May 20, 2026: no open-market purchases, 5 sales worth $3.9M and 4 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

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…

Telecommunications Services

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works