Millicom International Cellular S.A. (TIGO) 📈: отчетность и дивиденды за 2025

Capitalization

IFRS

Reporting Annual Quarterly

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	LTM	Average for 5 years	CAGR 5
Capitalization, bln $	6.8	5.14	4.24	6.74	6.43	4.87	2.69	3.22	2.9		2.66	4.02	-14.72
Revenue, bln $		4.37	4.13	4.08	4.34	4.17	4.62	5.62	5.66	5.8	5.8	5.17	6.82
Net profit, bln $		-0.032	0.085	-0.01	0.149	-0.344	0.59	0.016	-0.082	0.253	0.253	0.0866	-194.04
EV, bln $		8.11	7.04	10.79	10.87	9.53	8.19	8.58	10.05	10.36	10.36	9.34	1.68
EBIT, bln $		0.446	0.497	0.432	0.575	0.446	0.659	0.823	0.769	1.29	1.29	0.7974	23.67
EBITDA, bln $		1.4	1.35	1.29	1.83	1.48	2.4	2.17	2.11	2.32	2.32	2.10	9.41
OIBDA $						2.2	2.23	3.07	3.02	3.41	3.41	2.79	9.16
Book value, bln $		3.17	3.04	2.53	2.39	2.02	2.61	3.61	3.53	3.63	3.63	3.08	12.44
FCF, bln $		0.016	0.037	0.012	-0.106	-0.003	0.081	0.212	0.04	0.834	0.834	0.2328	-408.18
Operating Cash Flow, bln $		0.878	0.82	0.792	0.801	0.821	0.956	1.28	1.22	1.6	1.6	1.18	14.28
Operating profit, bln $		0.367	0.432	0.425	0.43	0.285	0.453	0.915	0.826	1.34	1.34	0.7638	36.29
Operating expenses, bln $		2.73	2.48	2.5	2.71	2.72	2.87	3.24	1.43	3.04	3.04	2.66	2.25
CAPEX, bln $		0.862	0.783	0.78	0.907	0.824	0.875	1.07	1.18	0.769	0.769	0.9436	-1.37

	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	Average for 5 quarters	CAGR 5
Capitalization, bln $	4.99	4.23	3.31	2.34	2.39	2.15	2.98	3.04	2.76	2.8						2.75	5.43
Revenue, bln $						14.81	1.37	1.39	1.42	1.48	1.49	1.46	1.43	1.43	1.37	1.44	-1.67
Net profit, bln $						0.4505	-0.02	-0.022	-0.025	-0.063	0.092	0.078	0.051	0.031	0.193	0.0890	15.97
EV, bln $						8.99	10.2	9.86	9.73	10	10.47	10.71	11.13	10.45	11.73	10.90	2.30
EBIT, bln $						0.238	0.19	0.174	0.199	0.237	0.323	0.337	0.264	0.359	0.426	0.3418	5.69
EBITDA, bln $						5.87	0.497	0.502	0.536	0.579	0.657	0.642	0.564	0.451	0.723	0.6074	1.93
OIBDA $											0.889	0.909	0.813	0.793	0.953	0.8714	1.40
Book value, bln $						2.87	3.63	3.62	3.64	3.53	3.6	3.68	3.81	3.63	3.39	3.62	-1.19
FCF, bln $						2.57	-0.144	0.002	0.128	0.0582	-0.01	0.3197	0.284	0.286	0.132	0.2023	-267.54
Operating Cash Flow, bln $						0.416	0.201	0.278	0.347	0.3893	0.24	0.476	0.433	0.454	0.348	0.3902	7.71
Operating profit, bln $						4.48	0.19	0.198	0.209	0.214	0.324	0.345	0.3	0.373	0.423	0.3530	5.48
Operating expenses, bln $						0.78	0.819	0.825	0.862	0.527	0.794	0.471	0.79	0.711	0.635	0.6802	-4.37
CAPEX, bln $						3.46	0.345	0.276	0.219	0.3311	0.25	0.1753	0.149	0.168	0.216	0.1917	-2.88

	Average for 5 quarters	CAGR 5

Cash flow Cash flow quarterly Assets

Balance sheet

IFRS

Reporting Annual Quarterly

	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	LTM	Average for 5 years	CAGR 5
Cash, bln $					0.646	0.619	0.528	1.54	1.04	0.895	1.04	0.775	0.699	0.699	0.8898	-7.64
Short-Term Investments $	0.043	0.081	0.128	0.142	0.145	0.145		0.371	0.16			0.012		0.006	0.1666	-39.25
Long-Term Investments $			0.274	3.62	3.28	3.21	3.04	2.82	2.67	0.618	0.59	0.576			1.45	-27.22
Accounts Receivable $					0.505	0.522	0.522	0.56	0.684	0.62	0.699	0.525	0.467	0.467	0.5990	-7.35
Total Current Assets $					1.67	1.82	1.53	2.65	2.31	2.29	2.07	1.92	2.38	2.38	2.19	0.60
Net assets, bln $				3.2	3.06	3.1	2.54	2.41	2.06	2.58	3.87	3.63		2.07	2.91	8.54
Assets, bln $					9.63	9.47	10.32	12.86	12.42	15.14	14.2	14.52	13.74	13.74	14.00	2.04
Short-Term Debt $					0.08	0.185	0.457	0.283	0.236	2.01	0.162	0.41	0.438	0.438	0.6512	13.17
Long-Term Debt $					3.53	3.24	4.12	6.75	5.58	5.9	6.62	6.48	5.53	5.53	6.02	-0.18
Liabilities, bln $					6.26	6.18	7.53	10.18	10.15	12.4	10.56	11.07	10.16	10.16	10.87	0.02
Net debt, bln $					3.26	2.8	4.05	5.26	4.94	8.02	6.78	6.97	6.07	6.07	6.56	4.21
Debt, bln $					3.61	3.42	4.58	5.97	5.69	8.91	7.82	7.74	6.77	6.77	7.39	3.54
Interest Income $				0.521	0.022	0.016	0.021	0.02	0.013	0.023	0.018	0.026			0.0200	5.39
Interest Expense, bln $					0.394	0.316	0.326	0.505	0.542	0.476	0.558	0.711	0.571	0.571	0.5716	1.05
Net interest income, bln $					-0.372	0.016	0.021	0.02	0.013	0.023	0.018	0.026		0.026	0.0200	5.39
Goodwill $			3.07	0.644	0.615	0.599	1.08	1.71	1.66	4.88	4.06	4.11			3.28	19.17
Amortization, bln $					0.932	0.879	0.83	1.04	1.14	1.13	1.34	1.34	1.03	1.03	1.20	-2.01
Cost of production, bln $					1.28	1.22	1.15	1.2	1.17	1.3	1.51	3.46	1.42	1.42	1.77	3.95
Inventory $					0.062	0.045	0.039	0.032	0.037	0.063	0.053	0.045	0.044	0.044	0.0484	3.53

	2017Q4	2018Q4	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	Average for 5 quarters	CAGR 5
Cash, bln $																	11.42	0.903	0.697	0.759	0.831	0.622	0.845	0.803	0.699	0.534	0.7006	-3.00
Short-Term Investments $			0.128	0.039	0.371	0.292	0.237	0.26	0.16	0.178											0.006		0.053				0.1314	-27.25
Long-Term Investments $												2.62	0.618	0.612	0.621	0.585	0.59	0.592	0.602	0.579	0.576						0.5878	-0.48
Accounts Receivable $																	0.582	0.59	0.687	0.627	0.655	0.876	0.839	0.805	0.467	0.656	0.7286	-5.62
Total Current Assets $																	2.07	1.93	1.83	1.89	1.92	2.74	2.83	2.8	2.38	2.22	2.59	-4.12
Net assets, bln $											3.41	1.97	2.58	2.63	3.58	3.54	3.61	3.89	1.83	3.9							3.35	1.96
Assets, bln $																	14.2	14.43	14.45	14.46	14.52	14.35	14.19	14.07	13.74	13.66	14.00	-0.98
Short-Term Debt $																	0.343	0.346	0.385	0.409	0.41	0.652	0.408	0.432	0.438	0.409	0.4678	-8.90
Long-Term Debt $																	6.62	6.67	6.51	6.49	6.48	6.09	6.18	5.93	5.53	5.52	5.85	-1.95
Liabilities, bln $																	10.56	10.8	10.86	10.86	11.07	10.84	10.6	10.34	10.16	10.31	10.45	-1.00
Net debt, bln $																	6.78	6.97	7.07	6.98	6.91	7.06	6.63	6.45	6.16	6.58	6.58	-1.40
Debt, bln $																	22.08	7.87	6.89	7.74	7.74	7.68	7.47	7.25	6.86	7.12	7.28	-1.50
Interest Income $												0.017	0.002	0.002	0.002	0.003	0.011	0.005	0.004	0.006	0.013						0.0078	3.40
Interest Expense, bln $																	0.142	0.145	0.149	0.151	0.182	0.149	0.192	0.141	0.134	0.136	0.1504	-1.81
Net interest income, bln $													0.002	0.002	0.002	0.003	0.011	0.005	0.004	0.006	0.013	0.019					0.0094	30.60
Goodwill $	0.599	1.08		0.804	1.71			4.69	1.66				4.88		2.63		4.06				4.11						3.47	19.88
Amortization, bln $																	0.328	0.307	0.328	0.337	0.342	0.334	0.305	0.3	0.092	0.297	0.2656	-2.32
Cost of production, bln $																	0.372	0.372	0.38	0.363	0.734	0.382	0.658	0.341	0.344	0.316	0.4082	-3.72
Inventory $																	0.053	0.068	0.069	0.065	0.066	0.059	0.063	0.06	0.044	0.056	0.0564	-1.04

Share

IFRS

Reporting Annual Quarterly

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Average for 5 years	CAGR 5
EPS	-0.32	0.86	-0.1	1.48	-3.4	5.84	0.1145	-0.4784	1.47		1.47	0.7092	-184.56
Share price		42.35	67.41	63.66	48.23	38.78	19.64	18	25.01	37.88	37.88	27.86	-0.47
Number of shares, mln	100.34	100	100	101	101	129	139.69	171.4	172.56		172.56	142.73	11.31
FCF/share	0.1595	0.3686	0.1191	-1.05	-0.0297	0.4744	1.52	0.2334	4.83		4.83	1.41	-376.85

	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	Average for 5 quarters	CAGR 5
EPS						3.58	-0.117	-0.1284	-0.1443	-0.3668	0.5341	0.4511	0.2954	0.1795	1.14		0.5200	16.37
Share price			25.79	20.53	13.97	12.52	17.42	17.77	15.95	16.33					29.69	37.88	23.52	16.34
Number of shares, mln	129.41	127.76	128.26	113.96	171.21	171.47	170.91	171.29	173.24	171.77							171.74	0.03
FCF/share						1.2	-0.8426	0.0117	0.7389	0.3386	-0.0581	1.85	1.64	1.66	0.7766		1.17	-267.96

Efficiency

IFRS

Reporting Annual Quarterly

	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	Average for 5 years	CAGR 5
ROE, %				-0.96	2.71	-0.35	6.02	-15.39	25.42	0.5171	-2.3	7.07		7.07	25.97	3.06	-185.59
ROA, %				-0.32	0.89	-0.1	1.29	-2.72	4.28	0.1091	-0.5711	1.79		1.79	8.65	0.5776	-191.97
ROIC, %			-4.19	2.63	3.8	3.04	6.07	0.46	9.14	2.34	1.62			9.25	9.24	3.93	-23.22
ROS, %					2.06	-0.2454	2.26	-8.94	12.78	0.2845	-1.45	4.36	4.36	4.36	17.66	4.07	-19.35
ROCE, %					15.15	5.66	5.5	4.54	6.18	6.81	6.31	12.13	36.04	36.04	33.42	13.49	42.29
EBIT margin							13.26	4.03	22.68	14.63	13.58	22.19	22.19	22.19	22.32	19.05	-0.44
EBITDA margin					32.66	31.53	42.3	35.45	10.03	38.53	37.22	39.94	39.94	39.94	32.16	33.13	31.83
Net margin				8.4	10.5	10.4	9.9	6.8	9.8	0.2845	-1.45	4.36		4.36	17.66	3.96	-8.51
Operational efficiency, %					15.22	16.07	13.26	10.69	14.27	16.27	14.59	23.12	23.12	23.12	23.17	18.27	10.13
Net interest margin, %	4.44	41.39	-8.31	-0.73	2.06	-0.25	3.44	-8.25	12.78					11.36	11.15	1.96	44.06
FCF yield, %		1.61	6.56	0.311	0.6218	0.1896	-1.51	-0.0707	0.9915	6.81	3.56					1.96	-218.71

	2019Q1	2019Q2	2019Q4	2020Q2	2020Q3	2020Q4	2021Q1	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	Industry average	Average for 5 quarters	CAGR 5
ROE, %													1.31	-0.5774	-0.6071	-0.6922	-1.74	2.55	2.16	1.4	0.8456	5.29			25.97	2.45	15.71
ROA, %													0.2963	-0.1397	-0.1522	-0.173	-0.4349	0.6374	0.5465	0.361	0.223	1.41			8.65	0.6356	17.21
ROIC, %	2.01	2.39	4.22	-1.37	-0.5941	-0.6732	0.5923					-0.4547					0.5131					3.46			9.24	0.6875	-238.74
ROS, %															-1.58	-1.76	-4.27	6.19	5.35	3.56	2.17	14.05	4.36	4.36	17.66	5.70	4.14
ROCE, %															4.84	1.62	1.93	2.7	2.82	2.27	3.19	3.82	36.04	36.04	33.42	16.27	73.84
EBIT margin																13.97	16.07	21.72	23.11	18.45	25.14	31	22.19	22.19	22.32	23.79	3.76
EBITDA margin															36.04	37.64	39.25	44.18	44.03	39.41	31.58	52.62	39.94	39.94	32.16	40.70	0.27
Net margin													3.04	-1.46	-1.58	-1.76	-4.27	6.19	5.35	3.56	2.17	14.05			17.66	6.26	17.81
Operational efficiency, %															14.21	14.68	14.51	21.79	23.66	20.96	26.12	30.79	23.12	23.12	23.17	24.82	1.98
FCF yield, %								1.16	3.38	-1.27	0.8977	1.17	9.55	-4.84	0.0657	4.63	2.07									2.30	-26.35

Coefficients

IFRS

Reporting Annual Quarterly

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	Average for 5 years	CAGR 5
P/E	-160.76	78.89	48.3	32.58	-11.38	29.83	112.63	-35.32	16.95		16.95	17.51	22.54	-208.29
P/BV	1.3	2.3	2.2	2.3	1.9	1.4	0.4959	0.895	1.2		1.2	4.28	1.18	-8.78
P/S	0.8	1.5	1.5	1.1	0.9	0.7	0.3204	0.5447	0.7388		0.7388	3.37	0.6408	-3.87
P/FCF		160.84	527.48	-66.09	-1415.34	100.85	14.68	12.55	25.83	3.19	3.19	13.50	31.42	-49.88
E/P		0.0143	-0.0016	0.014	-0.0878	0.1219	0.0051	-0.0283	-0.0308	0.0951	0.0951	0.15	0.0326	-4.84
EV/EBIT				20.97	64.49	12.13	10.43	13.07	8.04	8.04	8.04	18.25	10.34	-7.90
EV/EBITDA	5.88	5.21	8.4	5.93	6.44	3.41	3.96	4.77	4.47		4.47	13.60	4.61	-7.04
EV/S		2.12	2.55	2.75	2.2	2.57	1.53	1.78	1.78	1.78	1.78	3.96	1.89	-7.08
EV/FCF		236.59	865.15	-112.36	-3061.67	247.1	40.49	251.21	12.42	12.42	12.42	25.00	112.73	-45.01
Debt/EBITDA		2.53	3.56	3.26	3.85	3.64	3.61	3.67	2.92	2.92	2.92	1.88	3.35	-4.31
Netdebt/Ebitda		2.3	3.06	3.63	3.68	4.49	3.13	3.31	2.62	2.62	2.62	1.44	3.23	-10.21
Debt/Ratio		0.3615	0.444	0.4721	0.468	0.5228	0.5508	0.5332	0.4928	0.4928	0.4928	0.27	0.5185	-1.17
Debt/Equity		1.11	1.8	2.52	2.82	3.06	2.17	2.19	1.87	2.84	2.84	2.59	2.43	-1.48
Debt/Net Income		40.26	-458	61.93	-15.59	13.42	488.75	-94.39	26.75	26.75	26.75	6.00	92.26	14.79
PEG										10.26	10.26	-7.50	10.26	0.00
Beta						0.77	1.06	1.22	-0.8292	0.5431	0.5431	0.18	0.5528	-6.74
Altman Index		2.23	2.01	1.82	1.5	0.9892	1.33	1.11	1.15	1.22	1.22	2.29	1.16	4.28

	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	Industry average	Average for 5 quarters	CAGR 5
P/E					168.48	-148.9	-138.37	-110.55	-44.51	-187.57	49.84	29.68	17.02	14.68			17.51	-15.2700	-160.08
P/BV					0.6087	0.8905	0.7776	0.764	0.897	0.971	1.14	1.26	1.2	1.53			4.28	1.22	9.52
P/S					0.3241	0.5132	0.5055	0.489	0.546	0.5892	0.6976	0.7991	0.7391	0.9153			3.37	0.7481	9.21
P/FCF		-78.75	111.4	85.44	10.47	-20.68	1522.05	21.59	48.21						3.19	3.19	13.50	319.65	-70.87
E/P		0.007	-0.003	-0.0205	0.0196	-0.0067	-0.0072	-0.009	-0.0225						0.0951	0.0951	0.15	0.0303	-267.56
EV/EBIT								48.88	42.19	32.41	31.79	42.16	29.12	27.53	8.04	8.04	18.25	22.98	-28.21
EV/EBITDA					4.01	4.74	19.65	4.63	4.73	4.58	4.44	4.56	4.52	4.93			13.60	4.61	1.48
EV/S							7.08	6.83	6.78	7.04	7.35	7.78	7.32	8.54	1.78	1.78	3.96	5.44	-25.55
EV/FCF							4931.06	76	171.92	-1046.84	33.51	39.19	36.56	88.85	12.42	12.42	25.00	37.89	-20.53
Debt/EBITDA							13.73	14.44	13.37	11.69	11.64	12.86	15.22	9.85	2.92	2.92	1.88	8.75	-25.66
Netdebt/Ebitda							14.07	13.03	11.93	10.75	10.33	11.43	13.67	9.11	2.62	2.62	1.44	7.89	-25.52
Debt/Ratio							0.477	0.5354	0.5332	0.5353	0.5267	0.5155	0.4995	0.521	0.4928	0.4928	0.27	0.5043	-0.90
Debt/Equity							1.9	2.12	2.19	2.13	2.03	1.91	1.89	2.1	2.84	2.84	2.59	2.32	8.26
Debt/Net Income							-313.36	-309.64	-122.86	83.51	95.82	142.2	221.35	36.88	26.75	26.75	6.00	90.79	-28.40
PEG															10.26	10.26	-7.50	10.26	0.00
Beta														-1.19	1.34	0.5431	0.18	0.2310	-176.99
Altman Index	0.9123	0.8032	0.7657	0.7522	0.7571	0.7896		0.7794						1.21	1.22	1.22	2.29	1.04	9.09

Dividends

IFRS

Reporting Annual Quarterly

	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	Average for 5 years	CAGR 5
Div. payout, bln	0.264	0.264	0.264	0.265	0.266	0.268	0.135	0.135		0.251	0.251					0.2080	-1.30
Dividend	2.64	2.64	2.64	2.64	2.64	2.64	2.64					1	3.75	4.75		2.53	7.27
Dividend yield, %					3.92	4.15	5.47	3.29	0	0	0	0	4.62	3.63	1.44	4.29	3.34
Dividends / profit, %			-47.23	-828.13	311.76	100	179.87	-36.19	0	1568.75	-306.1			0	19.38	301.27	-225.08

	2012Q4	2013Q2	2014Q2	2015Q2	2016Q2	2017Q2	2018Q2	2018Q4	2019Q1	2019Q2	2019Q4	2020Q2	2020Q3	2020Q4	2021Q1	2022Q3	2023Q4	2025Q1	Industry average	Average for 5 quarters	CAGR 5
Div. payout, bln									0.135	0.133	0.135	0.003	0.003	0.003	0.003	0.001	0.1208	0.17		0.0596	124.22
Dividend	2.36	2.07	2.07	2.07	2.07	2.07	1.04	1.04		1.32	1.32									1.36	-8.61
Dividend yield, %	2.75	2.6	2.15	2.7	3.61	3.7	1.62	1.78		2.31	2.88								1.44	2.46	-4.89
Dividends / profit, %									964.29	289.13	60.54	-2.61	-5.88	-5.36	7.14	-2.04	-191.77	88.08	19.38	-20.7900	-275.04

Other

IFRS

Reporting Annual Quarterly

	2018	2019	2020	2021	2022	2023	2024	LTM	CAGR 5
Total Debt	2.68	2.41	2.61						-0.88
CAPEX/Revenue, %			19.76	19.67	19.06	20.9	13.25	13.25	-7.68
Staff, people				21 000	21 000	20 000	16 500		-5.85

	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	CAGR 5
CAPEX/Revenue, %	16.81	12.02	10.41	11.76	15.72	-1.33

	CAGR 5

Investing Port

Millicom International Cellular S.A.

Reporting Millicom International Cellular S.A.

Capitalization

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Efficiency

Coefficients

Dividends

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