Millicom International Cellular SA

TIGO Communication Services Telecom Services

Millicom International Cellular SA’s revenue for fiscal 2025 (year ended December 2025) was $5.8 billion, roughly unchanged from fiscal 2024.

Revenue
+59.4%
EPS
−84.0%
Free cash flow
+66.1%
Total debt
+47.9%

Quarter to June 2026, against a year earlier

77.38 2.19 −2.75%
Market cap
$13.3B
P/E
19.4×
Fwd P/E
23.4×
Dividend yield
2.91%
F-score
7/9
Altman Z
1.18
Beneish M
−2.15
Dividend safety
42/100

Millicom International Cellular SA (TIGO) EV/Sales

Alert me on EV/Sales

As of 2 November 2026, Millicom International Cellular SA (TIGO) trades at a EV/Sales of 2.9×. Over the past ten years it has ranged from 1.0× (February 2016) to 3.6× (June 2026); the current reading is higher than 94% of that period. That is above the Telecom Services industry median of 1.8× and above the Communication Services sector median of 1.3×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 2.5× 55.57%
FY2024 1.6× 1.65%
FY2023 1.6× 18.39%
FY2022 1.3× (44.69%)
FY2021 2.4× 20.04%
FY2020 2.0× (4.64%)
FY2019 2.1× (19.15%)
FY2018 2.6× 8.64%
FY2017 2.4× 32.29%
FY2016 1.8× 56.51%

Quarterly newest first

Period EV/Sales Change
Jun 2026 3.2× 2.73%
Mar 2026 3.1× 23.73%
Dec 2025 2.5× 10.50%
Sep 2025 2.3× 17.00%
42 more quarters

Against its own ten years

Low 1.0× High 3.6×
Ten-year median 2.0×
Current reading's percentile 94

EV/Sales against peers

Company EV/Sales
KT KT Corporation compare 0.7×
TLK PT Telekomunikasi Indonesia, Tbk compare 0.8×
TELFY Telefonica SA compare 1.3×
SKM SK Telecom Co., Ltd. compare 1.3×
TIMB TIM S.A. Sponsored ADR compare 2.0×
CHTR Charter Communications, Inc. compare 2.0×
TIGO Millicom International Cellular SA 2.9×
VIV Telefonica Brasil S.A. compare 3.3×
GSAT Globalstar, Inc. compare 38.0×
Telecom Services industry median 1.8×
Communication Services sector median 1.3×
Market median 2.2×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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