Millicom International Cellular (TIGO)
Market Price (2/9/2026): $67.21 | Market Cap: $11.2 BilSector: Communication Services | Industry: Integrated Telecommunication Services
Millicom International Cellular (TIGO)
Market Price (2/9/2026): $67.21Market Cap: $11.2 BilSector: Communication ServicesIndustry: Integrated Telecommunication Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.7%, FCF Yield is 8.0% | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 61% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 26% | Stock price has recently run up significantly12M Rtn12 month market price return is 175% | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 31%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.4%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.7%, Rev Chg QQuarterly Revenue Change % is -0.8% | |
| Low stock price volatilityVol 12M is 34% | Key risksTIGO key risks include [1] significant exposure to political and currency instability in its core Latin American markets, Show more. | |
| Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity, and Fintech & Digital Payments. Themes include Wireless Services, Telecom Infrastructure, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.7%, FCF Yield is 8.0% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 26% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 31%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16% |
| Low stock price volatilityVol 12M is 34% |
| Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity, and Fintech & Digital Payments. Themes include Wireless Services, Telecom Infrastructure, Show more. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 61% |
| Stock price has recently run up significantly12M Rtn12 month market price return is 175% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.4%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.7%, Rev Chg QQuarterly Revenue Change % is -0.8% |
| Key risksTIGO key risks include [1] significant exposure to political and currency instability in its core Latin American markets, Show more. |
Qualitative Assessment
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Millicom International Cellular (TIGO) stock has gained about 45% since 10/31/2025 because of the following key factors:
1. Strategic Acquisitions and Market Consolidation in Latin America
Millicom International Cellular actively expanded its footprint and consolidated its market position through key acquisitions. This included the completion of the USD 380 million Telefónica Ecuador acquisition on October 30, 2025, enhancing its South American presence. Furthermore, on January 27, 2026, Millicom secured EPM's remaining stake in UNE in Colombia, followed by the successful conclusion of a tender offer on February 5, 2026, for Telefónica's controlling 67.5% stake in Colombia Telecomunicaciones S.A. E.S.P. (Coltel) for USD 214.4 million. These strategic moves are expected to accelerate fiber and 5G network deployment in Colombia and strengthen the company's regional presence.
2. Robust Financial Performance and Positive Outlook
The company reported strong Q3 2025 results on November 6, 2025, with revenue of $1.42 billion and a record Adjusted EBITDA of $695 million. Millicom also achieved an Equity Free Cash Flow (EFCF) of $243 million for the quarter and remained on track to meet its 2025 target of approximately $750 million EFCF, along with maintaining year-end leverage below 2.5x. This solid financial performance and positive outlook signaled a structurally reset business delivering stable cash flow and improved profitability.
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1. Strategic Acquisitions and Market Consolidation in Latin America
Millicom International Cellular actively expanded its footprint and consolidated its market position through key acquisitions. This included the completion of the USD 380 million Telefónica Ecuador acquisition on October 30, 2025, enhancing its South American presence. Furthermore, on January 27, 2026, Millicom secured EPM's remaining stake in UNE in Colombia, followed by the successful conclusion of a tender offer on February 5, 2026, for Telefónica's controlling 67.5% stake in Colombia Telecomunicaciones S.A. E.S.P. (Coltel) for USD 214.4 million. These strategic moves are expected to accelerate fiber and 5G network deployment in Colombia and strengthen the company's regional presence.
2. Robust Financial Performance and Positive Outlook
The company reported strong Q3 2025 results on November 6, 2025, with revenue of $1.42 billion and a record Adjusted EBITDA of $695 million. Millicom also achieved an Equity Free Cash Flow (EFCF) of $243 million for the quarter and remained on track to meet its 2025 target of approximately $750 million EFCF, along with maintaining year-end leverage below 2.5x. This solid financial performance and positive outlook signaled a structurally reset business delivering stable cash flow and improved profitability.
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Stock Movement Drivers
Fundamental Drivers
The 44.2% change in TIGO stock from 10/31/2025 to 2/8/2026 was primarily driven by a 25.3% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2082026 | Change |
|---|---|---|---|
| Stock Price ($) | 46.42 | 66.95 | 44.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,605 | 5,594 | -0.2% |
| Net Income Margin (%) | 17.0% | 19.6% | 15.4% |
| P/E Multiple | 8.1 | 10.2 | 25.3% |
| Shares Outstanding (Mil) | 167 | 167 | 0.0% |
| Cumulative Contribution | 44.2% |
Market Drivers
10/31/2025 to 2/8/2026| Return | Correlation | |
|---|---|---|
| TIGO | 44.2% | |
| Market (SPY) | 1.3% | -0.5% |
| Sector (XLC) | 0.8% | 4.9% |
Fundamental Drivers
The 76.4% change in TIGO stock from 7/31/2025 to 2/8/2026 was primarily driven by a 215.0% change in the company's Net Income Margin (%).| (LTM values as of) | 7312025 | 2082026 | Change |
|---|---|---|---|
| Stock Price ($) | 37.95 | 66.95 | 76.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,691 | 5,594 | -1.7% |
| Net Income Margin (%) | 6.2% | 19.6% | 215.0% |
| P/E Multiple | 18.1 | 10.2 | -43.8% |
| Shares Outstanding (Mil) | 169 | 167 | 1.4% |
| Cumulative Contribution | 76.4% |
Market Drivers
7/31/2025 to 2/8/2026| Return | Correlation | |
|---|---|---|
| TIGO | 76.4% | |
| Market (SPY) | 9.6% | -0.3% |
| Sector (XLC) | 8.1% | 7.8% |
Fundamental Drivers
The 178.1% change in TIGO stock from 1/31/2025 to 2/8/2026 was primarily driven by a 625.5% change in the company's Net Income Margin (%).| (LTM values as of) | 1312025 | 2082026 | Change |
|---|---|---|---|
| Stock Price ($) | 24.08 | 66.95 | 178.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,851 | 5,594 | -4.4% |
| Net Income Margin (%) | 2.7% | 19.6% | 625.5% |
| P/E Multiple | 26.1 | 10.2 | -61.0% |
| Shares Outstanding (Mil) | 171 | 167 | 2.7% |
| Cumulative Contribution | 178.1% |
Market Drivers
1/31/2025 to 2/8/2026| Return | Correlation | |
|---|---|---|
| TIGO | 178.1% | |
| Market (SPY) | 15.8% | 7.4% |
| Sector (XLC) | 14.1% | 11.5% |
Fundamental Drivers
The 355.1% change in TIGO stock from 1/31/2023 to 2/8/2026 was primarily driven by a 209.5% change in the company's P/E Multiple.| (LTM values as of) | 1312023 | 2082026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.71 | 66.95 | 355.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,498 | 5,594 | 1.7% |
| Net Income Margin (%) | 13.9% | 19.6% | 41.2% |
| P/E Multiple | 3.3 | 10.2 | 209.5% |
| Shares Outstanding (Mil) | 171 | 167 | 2.4% |
| Cumulative Contribution | 355.1% |
Market Drivers
1/31/2023 to 2/8/2026| Return | Correlation | |
|---|---|---|
| TIGO | 355.1% | |
| Market (SPY) | 76.2% | 14.7% |
| Sector (XLC) | 116.4% | 10.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TIGO Return | -27% | -43% | 43% | 39% | 152% | 19% | 147% |
| Peers Return | 5% | -35% | -3% | -13% | 16% | 5% | -30% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -1% | 81% |
Monthly Win Rates [3] | |||||||
| TIGO Win Rate | 42% | 25% | 58% | 75% | 83% | 100% | |
| Peers Win Rate | 50% | 17% | 42% | 58% | 50% | 100% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| TIGO Max Drawdown | -32% | -53% | 0% | -13% | -1% | -8% | |
| Peers Max Drawdown | -9% | -49% | -15% | -18% | -29% | -7% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LILA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/6/2026 (YTD)
How Low Can It Go
| Event | TIGO | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -76.9% | -25.4% |
| % Gain to Breakeven | 332.5% | 34.1% |
| Time to Breakeven | 1,029 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -58.7% | -33.9% |
| % Gain to Breakeven | 142.2% | 51.3% |
| Time to Breakeven | 1,932 days | 148 days |
| 2008 Global Financial Crisis | ||
| % Loss | -78.8% | -56.8% |
| % Gain to Breakeven | 370.6% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1,480 days |
Compare to LILA
In The Past
Millicom International Cellular's stock fell -76.9% during the 2022 Inflation Shock from a high on 5/25/2021. A -76.9% loss requires a 332.5% gain to breakeven.
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About Millicom International Cellular (TIGO)
Millicom International Cellular S.A. provides cable and mobile services in Latin America and Africa. The company offers mobile services, including mobile data and voice; short message service; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance. It also provides cable and other fixed services, including broadband, content, fixed voice, and pay-TV to residential consumers; and fixed, managed services, cloud and security solutions, and value-added services to small, medium, and large businesses, as well as governmental entities. As of December 31, 2021, the company served 44.9 million mobile customers; and 12.7 million cable homes. It markets its products and services under Tigo and Tigo Business brands. The company was founded in 1990 and is headquartered in Luxembourg.
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Here are 1-3 brief analogies for Millicom (TIGO):
- Like the AT&T or Verizon of Latin America.
- A T-Mobile combined with a Comcast, serving Latin America.
- Similar to Vodafone, but specialized in telecommunications services across Latin American emerging markets.
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- Mobile Services: Provides prepaid and postpaid mobile voice, SMS, and data connectivity for consumers and businesses.
- Fixed Services: Offers residential and business customers fixed broadband internet, cable television, and landline telephony.
- Business Solutions (Tigo Business): Delivers enterprise-grade connectivity, cloud services, data center solutions, and cybersecurity to businesses.
- Mobile Financial Services (Tigo Money): Facilitates digital payments, money transfers, and other financial transactions through mobile phones.
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```htmlMillicom International Cellular (symbol: TIGO) primarily sells its services directly to individuals and households across its markets in Latin America. As such, it does not have major corporate customers in the traditional B2B sense that would be listed with company names and symbols.
The company serves the following categories of individual customers:
- Mobile Connectivity Users: This category includes individual subscribers who utilize Tigo's mobile voice, SMS, and data services for their personal communication needs, internet access on-the-go, and general smartphone usage. These customers range across various demographics within Tigo's operational countries.
- Home Connectivity & Entertainment Users: This segment comprises households and individuals who subscribe to Tigo's fixed broadband internet, cable television, and often fixed-line telephony services. These customers seek reliable in-home connectivity for work, education, and entertainment, as well as television content.
- Digital & Financial Inclusion Users: Tigo also caters to individuals who leverage its value-added services, particularly Tigo Money (mobile financial services for remittances, payments, and savings) and other digital services (e.g., cloud solutions, digital content). These customers are often seeking convenience, financial accessibility, and digital solutions that enhance their daily lives, particularly in populations with limited access to traditional banking services.
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- Ericsson (ERIC)
- Nokia (NOK)
- Huawei
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Marcelo Benitez, Chief Executive Officer
Mr. Benitez has been the Chief Executive Officer of Millicom International Cellular since 2024. Previously, he served as the Vice President for the Central America Region, overseeing operations across multiple countries, and held the position of General Manager of Tigo El Salvador.
Bart Vanhaeren, Chief Financial Officer
Mr. Vanhaeren has been the Chief Financial Officer of Millicom since 2023 or 2024. He is a fourteen-year veteran of Millicom, having held several senior financial and management leadership roles within the company. Prior to joining Millicom, he held leadership roles across global organizations such as Strategy and Corporate Development Manager for EMEA at 3M, Senior Consultant at Deloitte, and Senior Auditor at PriceWaterhouseCoopers.
Karim Lesina, Chief External Affairs Officer; Executive Vice President
Mr. Lesina has served as the Executive Vice President and Chief External Affairs Officer of Millicom since 2020. Before this role, he was the Senior Vice President of International External and Regulatory Affairs at AT&T. Earlier in his career, he served as the Government Affairs Manager for Europe, Africa, and the Middle East at Intel from 2005 to 2007.
Guillaume Duhaze, Chief Technology and Information Officer
Mr. Duhaze has been the Chief Technology and Information Officer of Millicom since 2024. He previously served as the Chief Technology Officer for eir, where he led a transformation of the mobile and fixed network. Prior to eir, he held several senior management positions at SFR, including Vice President of Network Engineering and Senior Vice President of Network and IT Operations. His career in telecommunications began with various roles focused on network operations and engineering.
Salvador Escalon, Chief Legal and Compliance Officer; Executive Vice President
Mr. Escalon has been the Chief Legal and Compliance Officer of Millicom since 2020 and an Executive Vice President since 2015. He has held various positions within the company, including General Counsel in 2013 and Associate General Counsel Latin America in 2010. Earlier in his career, Mr. Escalon served as Senior Counsel of Chevron Corporation from January 2006 to 2010.
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Here are the key risks to Millicom International Cellular's (TIGO) business:1. Operating in Emerging Markets and Macroeconomic Risks
Millicom operates predominantly in emerging markets, primarily in Latin America, which exposes the company to a heightened degree of political, legal, and economic risks compared to more developed markets. These risks include economic slowdowns, political instability, and significant fluctuations in local currency exchange rates against the US dollar (Millicom's reporting currency). Currency volatility and higher inflation in these regions can directly impact the company's financial performance and cash generation.2. High Debt Levels and Financial Health
Millicom carries a significant amount of debt, which poses a substantial risk to its financial stability. In 2024, the company's long-term debt stood at $5.8 billion, with an interest coverage ratio of 2, indicating potential challenges in managing its debt obligations during economic downturns. Earlier reports noted net debt of approximately $6.14 billion in June 2022, with a debt-to-EBITDA ratio of 3.1 and a weak interest cover of 1.5. Furthermore, analyses indicate a high debt-to-equity ratio and an Altman Z-Score suggesting potential financial distress.3. Regulatory and Competitive Challenges
The telecommunications industry in which Millicom operates is subject to a dynamic regulatory environment, including risks related to tariffs, tax policies, interconnection terms, and potential legal or regulatory disputes. The company also faces intense competition, including from new market entrants deploying advanced technologies like 5G networks, which can exert downward pressure on average revenue per user (ARPU) and profit margins. An insufficient investment strategy to keep pace with technological changes could further complicate Millicom's competitive positioning. The company has also experienced significant regulatory challenges, as evidenced by a 2025 bribery case settlement in Guatemala totaling $118 million.AI Analysis | Feedback
Starlink's expanding satellite broadband service in Millicom's core Latin American markets presents a clear emerging threat. Starlink directly competes with Millicom's fixed broadband offerings, particularly in rural and underserved areas where Millicom may have previously faced limited competition or where traditional infrastructure rollout is challenging. Its ability to provide high-speed internet without extensive ground infrastructure can disrupt Millicom's market share and growth opportunities in a key revenue segment across its operating regions, including Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica, Colombia, Paraguay, Bolivia, and Panama.
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For Millicom International Cellular (TIGO), the addressable markets for their main products and services in Latin America are as follows:
- Mobile Services: The overall telecommunication market in Latin America, which encompasses mobile, fixed, and broadband services, was valued at approximately USD 149.84 billion in 2024 and is projected to grow to USD 259.89 billion by 2033. Mobile technologies and services made a significant economic contribution of $550 billion to the Latin American economy in 2024, with a forecast to reach $680 billion by 2030.
- Fixed Services (Broadband, Fixed Voice, Pay-TV): The Internet Services Market in Latin America and Spain was valued at USD 26.895 billion in 2023 and is projected to reach USD 33.402 billion by 2031. This figure includes both fixed broadband and other internet services across Latin America and Spain.
- Mobile Financial Services (Fintech): The Latin America fintech market reached an estimated size of USD 13.14 billion in 2024 and is projected to grow to USD 49.58 billion by 2033.
- Business-to-Business (B2B) Solutions: null
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Here are the expected drivers of future revenue growth for Millicom International Cellular (TIGO) over the next 2-3 years:-
Subscriber Growth in Postpaid Mobile and Home Broadband
Millicom is focused on expanding its customer base, particularly in postpaid mobile and home broadband (FTTH/HFC) services. The company has consistently reported strong net additions in these segments, with significant growth observed in Q3 2024, Q4 2024, and Q1 2025. This sustained commercial activity and increasing customer penetration are expected to fuel future revenue growth. For example, Millicom added 299,000 postpaid mobile and 68,000 home FTTH/HFC net additions in Q3 2024, and 262,000 new postpaid mobile subscribers and 62,000 new home broadband customers in Q1 2025. -
Expansion of Business-to-Business (B2B) and Digital Solutions
The B2B segment, especially digital solutions, is a key growth area for Millicom. This part of the business has demonstrated robust organic growth, with digital solutions growing by 18% in the past two years and nearly 15% in 2024. The company views B2B as a compelling growth platform, supported by investments in infrastructure, smart connectivity products, data centers, and cloud solutions. -
ARPU Expansion through Price Increases and Postpaid Migration
Millicom aims to drive revenue growth by increasing Average Revenue Per User (ARPU). This is being achieved through strategic price adjustments, particularly for prepaid services, and by encouraging the migration of customers from prepaid to higher-value postpaid plans, which naturally leads to an ARPU uplift. -
Leveraging Convergence Strategy
The company's convergence strategy, which involves bundling multiple services such as mobile, home internet, and TV under single plans, is designed to enhance customer value and reduce churn. This approach is expected to contribute to a positive return of service revenue growth in the home business. This strategy has led to improved net additions in the Home business. -
Strategic Mergers, Acquisitions, and Market Initiatives
Millicom is pursuing strategic initiatives, including advancing milestones in key markets like Costa Rica and Colombia, and the potential closure of strategic mergers and acquisitions. Recent activities include the acquisition of Telefónica's businesses in Uruguay and Ecuador, which are expected to strengthen market position and operational capabilities, and ongoing tower divestment plans to boost equity-free cash flow for reinvestment.
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Share Repurchases
- Millicom announced a USD 150 million share repurchase program on November 29, 2024, valid until May 2025, for up to 17.2 million Swedish Depository Receipts (SDRs), representing 10% of its share capital.
- Between December 16-20, 2024, Millicom repurchased 455,000 SDRs for approximately SEK 122.95 million (around USD 11.8 million).
- The company initiated a share repurchase program on December 14, 2023, to fund employee share plans, with a maximum aggregate purchase price of SEK 420 million (approximately USD 40 million) or up to 2,000,000 SDRs, to be executed between December 18, 2023, and May 22, 2024.
Share Issuance
- In June 2022, Millicom completed a rights offering, resulting in the issuance of approximately 70.4 million new shares.
- This rights offering increased the company's share capital by an aggregate of approximately USD 105.5 million.
- In 2022, Millicom issued 377,781 shares to management and employees under share-based plans and 41,167 shares to Directors as part of their annual remuneration.
Outbound Investments
- Millicom completed the acquisition of 100% of Telefónica Móviles del Uruguay S.A. (Movistar) on October 7, 2025, for an enterprise value of USD 440 million.
- Millicom acquired Telefónica's telecommunications operations in Ecuador on October 30, 2025, for USD 380 million.
- In November 2021, Millicom acquired the remaining 45% equity interest in its joint venture businesses in Guatemala (Tigo Guatemala) for USD 2.2 billion in cash, achieving 100% ownership.
Capital Expenditures
- Millicom's annual capital expenditures were $675 million in 2024, $1.05 billion in 2023, and $893 million in 2022.
- The company's CapEx guidance for 2025 is approximately $700 million annually, representing 11% to 12% of revenues.
- Capital expenditures are primarily focused on expanding and maintaining fixed and mobile broadband networks across Latin America, including investments in 4G network coverage and fiber-optic networks.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 37.48 |
| Mkt Cap | 6.4 |
| Rev LTM | 5,014 |
| Op Inc LTM | 1,078 |
| FCF LTM | 558 |
| FCF 3Y Avg | 406 |
| CFO LTM | 1,227 |
| CFO 3Y Avg | 1,146 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -2.6% |
| Rev Chg 3Y Avg | -1.4% |
| Rev Chg Q | 0.7% |
| QoQ Delta Rev Chg LTM | 0.2% |
| Op Mgn LTM | 20.9% |
| Op Mgn 3Y Avg | 16.9% |
| QoQ Delta Op Mgn LTM | 1.5% |
| CFO/Rev LTM | 23.7% |
| CFO/Rev 3Y Avg | 22.1% |
| FCF/Rev LTM | 10.5% |
| FCF/Rev 3Y Avg | 7.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 6.4 |
| P/S | 1.2 |
| P/EBIT | -36.1 |
| P/E | 4.0 |
| P/CFO | 4.3 |
| Total Yield | -18.0% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 13.6% |
| D/E | 3.0 |
| Net D/E | 2.7 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 23.4% |
| 3M Rtn | 22.4% |
| 6M Rtn | 35.6% |
| 12M Rtn | 98.1% |
| 3Y Rtn | 150.6% |
| 1M Excs Rtn | 23.7% |
| 3M Excs Rtn | 22.6% |
| 6M Excs Rtn | 24.2% |
| 12M Excs Rtn | 85.0% |
| 3Y Excs Rtn | 94.7% |
Price Behavior
Price Behavior
| Market Price | $66.95 | |
| Market Cap ($ Bil) | 11.2 | |
| First Trading Date | 12/29/2006 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $55.25 | $44.16 |
| DMA Trend | up | up |
| Distance from DMA | 21.2% | 51.6% |
| 3M | 1YR | |
| Volatility | 40.5% | 33.8% |
| Downside Capture | -127.19 | -60.85 |
| Upside Capture | 83.11 | 51.05 |
| Correlation (SPY) | -2.5% | 6.9% |
TIGO Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.72 | 0.15 | 0.07 | 0.04 | 0.14 | 0.33 |
| Up Beta | -2.44 | -1.09 | 0.60 | 0.84 | 0.19 | 0.29 |
| Down Beta | 0.79 | 0.66 | 0.36 | 0.17 | 0.30 | 0.28 |
| Up Capture | 256% | 100% | 69% | 44% | 39% | 34% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 12 | 23 | 33 | 72 | 148 | 405 |
| Down Capture | 43% | -92% | -114% | -136% | -91% | 32% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 8 | 18 | 28 | 53 | 103 | 343 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TIGO | |
|---|---|---|---|---|
| TIGO | 177.4% | 33.6% | 3.07 | - |
| Sector ETF (XLC) | 14.0% | 18.7% | 0.56 | 11.7% |
| Equity (SPY) | 15.4% | 19.4% | 0.61 | 7.2% |
| Gold (GLD) | 73.9% | 24.8% | 2.19 | 19.7% |
| Commodities (DBC) | 8.9% | 16.6% | 0.34 | 12.5% |
| Real Estate (VNQ) | 4.6% | 16.5% | 0.10 | 22.9% |
| Bitcoin (BTCUSD) | -27.1% | 44.7% | -0.57 | 11.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TIGO | |
|---|---|---|---|---|
| TIGO | 21.3% | 37.6% | 0.61 | - |
| Sector ETF (XLC) | 12.2% | 20.8% | 0.49 | 28.2% |
| Equity (SPY) | 14.4% | 17.0% | 0.68 | 31.0% |
| Gold (GLD) | 21.4% | 16.9% | 1.03 | 17.0% |
| Commodities (DBC) | 11.5% | 18.9% | 0.49 | 14.1% |
| Real Estate (VNQ) | 5.0% | 18.8% | 0.17 | 33.4% |
| Bitcoin (BTCUSD) | 16.1% | 58.0% | 0.49 | 18.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TIGO | |
|---|---|---|---|---|
| TIGO | 4.2% | 40.1% | 0.28 | - |
| Sector ETF (XLC) | 9.5% | 22.5% | 0.52 | 31.6% |
| Equity (SPY) | 15.4% | 17.9% | 0.74 | 36.4% |
| Gold (GLD) | 15.7% | 15.5% | 0.84 | 14.6% |
| Commodities (DBC) | 8.0% | 17.6% | 0.37 | 22.1% |
| Real Estate (VNQ) | 6.0% | 20.7% | 0.25 | 39.0% |
| Bitcoin (BTCUSD) | 68.7% | 66.7% | 1.08 | 17.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2025 | 08/08/2025 | 6-K |
| 03/31/2025 | 05/08/2025 | 6-K |
| 12/31/2024 | 04/08/2025 | 20-F |
| 09/30/2024 | 11/07/2024 | 6-K |
| 06/30/2024 | 08/05/2024 | 6-K |
| 03/31/2024 | 05/08/2024 | 6-K |
| 12/31/2023 | 03/12/2024 | 20-F |
| 09/30/2023 | 10/26/2023 | 6-K |
| 06/30/2023 | 07/27/2023 | 6-K |
| 03/31/2023 | 04/27/2023 | 6-K |
| 12/31/2022 | 02/28/2023 | 20-F |
| 09/30/2022 | 10/27/2022 | 6-K |
| 06/30/2022 | 07/28/2022 | 6-K |
| 03/31/2022 | 04/28/2022 | 6-K |
| 12/31/2021 | 03/01/2022 | 20-F |
| 09/30/2021 | 10/28/2021 | 6-K |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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