Millicom International Cellular SA (TIGO) vs TIM S.A. Sponsored ADR (TIMB)

Millicom International Cellular SA and TIM S.A. Sponsored ADR are both Telecom Services companies. Millicom International Cellular SA is the larger, with a market value of $14.7B against $8.9B — 1.7× the size. TIM S.A. Sponsored ADR trades at the lower P/E: 10.6× against 20.1×. Millicom International Cellular SA grew revenue faster over the last twelve months: 29.6% against 14.3%. TIM S.A. Sponsored ADR has the higher net margin (15.7% vs 9.17%) and the higher return on invested capital (11.4% vs 10.5%). Both pay a dividend; TIM S.A. Sponsored ADR yields more (4.67% vs 2.82%). Across the 23 metrics below, TIM S.A. Sponsored ADR leads on 19 and Millicom International Cellular SA on 4.

Valuation

Metric TIGO TIMB Telecom Services median
P/E 20.07 10.58 12.87
P/S 1.85 1.64 0.90
P/B 5.37 1.72 1.41
Price to free cash flow 10.85 4.97 8.22
EV/EBITDA 6.22 4.01 6.66
EV/Sales 2.93 2.02 1.82
Earnings yield 4.98% 9.45% 1.85%
Free cash flow yield 9.21% 20.13% 6.10%

Profitability

Metric TIGO TIMB Telecom Services median
Gross margin 76.53% 54.53% 51.26%
Operating margin 24.02% 24.44% 7.62%
Net margin 9.17% 15.65% 4.22%
Free cash flow margin 17.03% 33.03% 4.98%
Return on equity 22.20% 17.28% 5.80%
Return on assets 3.73% 7.59% 0.00%
Return on invested capital 10.52% 11.44% 3.41%

Growth

Metric TIGO TIMB Telecom Services median
Revenue growth (TTM) 29.57% 14.27% 3.31%
EPS growth (last fiscal year) 436.30% 31.40% 0.62%
Revenue growth, 5-year CAGR 6.89% 7.32% 2.53%
Net income growth, 5-year CAGR 0.00% 16.84% 0.00%

Health

Metric TIGO TIMB Telecom Services median
Debt to equity 3.51 0.59 0.63
Current ratio 0.53 0.85 1.13
Net debt to EBITDA 1.81 0.63 1.86

Dividend

Metric TIGO TIMB Telecom Services median
Dividend yield 2.82% 4.67% 2.75%
Payout ratio 0.57 0.50 0.43

Size

Metric TIGO TIMB Telecom Services median
Market cap 14.74b 8.93b 2.91b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack