Amount
Latest price
$26.89
(£1.00 = $1.241)
Number of shares (est.)
0
Market Cap
$4.655B
P/E ratio
29.33
EPS
$0.922
Beta
1.23
Dividend rate
N/A
Dividend yield
N/A
Millicom International Cellular SA is a Luxembourg-based international digital telecommunications and media company. The Company provides a wide range of fixed line and mobile communications services, cable and satellite television, mobile financial services and local content, such as music and sports, to both private and business customers. It offers digital services and products through the business brands TIGO which includes TIGO Money for mobile financial services, TIGO Sports for local entertainment, TIGO ONEtv for pay TV, high-speed data, voice, and business-to-business solutions such as cloud and security. The segments include Latin America, which focuses on mobile and cable services; and Africa, which covers mobile services with a focus on business-to-business customers.
CEO
Mr. Marcelo Benitez
Employees
16,527
Sector
Telco
Company HQ
LUXEMBOURG, Luxembourg
Website
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Millicom offers an 11% dividend yield and 60% upside potential as it transitions to exclusive US listing, simplifying its shareholder base. The company has a dominant market position in Central and South America, with significant free cash flow and low financial leverage. Share repurchases and a robust dividend provide downside protection, with institutional demand expected to drive valuation normalization.
Millicom International Cellular has performed close to the S&P500 trend, with a 5% RoR, which I consider within the margin of error. I believe in diversifying investments in emerging markets, particularly in Africa, the Middle East, Asia, and LATAM/South America. Millicom, now focused on LATAM, benefits from divestments and operational changes, aligning with my strategy of increasing exposure to these regions.
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