# Millicom International Cellular S.A. share price today (Millicom International Cellular S.A., TIGO)

> Millicom International Cellular S.A. is reporting record margins. TIGO · Communication Services · Telecom Services · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/tigo

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## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: $77.51 (+64.5% in a year)
- P/E: 19.5× (higher than 51% of the last 4.3 years)
- Revenue (Jun 2026): $2.2 B (+59.4% on a year ago)
- Profit (Jun 2026): $101 M (−85.0% on a year ago)
- Operating margin: 20.7% (−4.2 points on a year ago)
- ROE: 38%, FY25
- ROIC: 8.2%, against a 6.8% cost of capital: +1.4 points

The main question: yearly earnings per share moved +435.3% while the share price moved +64.5%. ## What is the Millicom International Cellular S.A. share price today? Millicom International Cellular S.A.'s share price was $77.51 at the close on 3 November 2026. It has been moving sideways for 3 weeks. That is 6.9% below its average price over the last 200 trading days. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 7 weeks running. In the last 52 weeks it traded between $47 and $98, and at that close it sat 59% of the way up from that low. Over the last 10 years the share price moved +35% while the S&P 500 moved +255%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 18 September 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Millicom International Cellular S.A. pay? Millicom International Cellular S.A. has 3 quarters of declared dividends on file, too few for a 12-month total. The most recent declaration was $3.00 for Mar 2026. Millicom International Cellular S.A. declared a dividend in 3 of the last 12 reported quarters, most recently $3.00 for Mar 2026. That is fewer than four quarters, so no 12-month total is shown. ## Which stock lists is Millicom International Cellular S.A. on? Millicom International Cellular S.A. is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Millicom International Cellular S.A. profitable? Millicom International Cellular S.A. earned $101 M of net profit in the Jun 2026 quarter, −85.0% on the same quarter a year earlier. Full-year FY25 profit was $1.4 B. Over 4 years profit has grown 25.9% a year on average. That is 4.6% of the quarter's revenue. The same quarter a year earlier earned $673 M. 3 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was $1.4 B (+408.2% on the year before). Why profit moved: revenue changed +59.4% on a year earlier and the margin moved −4.2 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +35.7% and revenue +34.6%. Profit and revenue are moving at about the same pace. ## How much revenue does Millicom International Cellular S.A. make, and is it growing? Millicom International Cellular S.A. reported $2.2 B of revenue in the Jun 2026 quarter, +59.4% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 4 years it has grown 8.1% a year on average. The last full year, FY25, came in at $5.8 B. The last four reported quarters add to $7.2 B. FY25 revenue was $5.8 B, +0.3% on the year before. Recent pace: the last four quarters grew +34.6% on average, against 8.1% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +28.7%, against +11.9% a year over the last 8 quarters (accelerating). ## How much of every $100 of sales does Millicom International Cellular S.A. keep? Millicom International Cellular S.A.'s operating margin was 20.7% in the Jun 2026 quarter, 4.2 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between 9.6% and 25.9%. The latest quarter is within that range. Across 5 years it has been between 9.6% and 25.9%, and FY25's 25.9% is the highest of them. Why the margin moved: operating margin changed −4.2 percentage points on the year while gross margin changed −1.7 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is Millicom International Cellular S.A.'s profit turning into cash? Over the last 3 years, 263% of Millicom International Cellular S.A.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $1.7 B of operating cash against $1.4 B of profit. After $650 M of spending on assets, $1.1 B was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Millicom International Cellular S.A.'s cash go? Millicom International Cellular S.A. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $2.0 B on assets over the last 3 years. Averaged over those years that is 11.5% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $2.0 B over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Millicom International Cellular S.A.'s P/E ratio, and how does it compare with its own history? Millicom International Cellular S.A.'s P/E is 19.5×, in the middle of its own history: higher than 51% of past readings. Its usual P/E (the middle reading) is 15.3×, over 4.3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +435.3% while the price moved +64.5%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 3 years the price moved +66.7% a year; about +164.3% a year came from earnings growth and about −97.6 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Millicom International Cellular S.A. business getting better or worse? Millicom International Cellular S.A.'s business is giving mixed signals. Revenue growth is rising at +28.7% while eps growth is falling at −33.2%, so the lines disagree and each one tells part of the story. This is based on 12 quarters of 3 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Millicom International Cellular S.A. earn on its capital? Millicom International Cellular S.A. earned a ROE of 38% in FY25. That is up from a low of −7% in FY23. Its return on capital used (ROIC) is 1.4 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 23.4% net margin and 0.34× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 23.4% net margin × 0.34× asset turnover × 4.77× leverage (assets divided by equity) ≈ 38.0% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 8.2% − 6.8% = +1.4 percentage points. The 6.8% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. The 8.2% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 11.6%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Millicom International Cellular S.A. have too much debt? Millicom International Cellular S.A. has total debt of $12.1 B against shareholder equity of $2.5 B as of Jun 2026, so its debt is 4.85× its equity. Year by year, that ratio went from 3.25 in FY21 to 2.62 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Millicom International Cellular S.A. shareholding pattern? We have no ownership or short-position figures for Millicom International Cellular S.A., so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 2.6 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. ## How far is Millicom International Cellular S.A. from balance-sheet trouble? For Millicom International Cellular S.A., the Z-score is 0.97. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 0.97 is inside the danger zone, so the balance sheet is a real risk. ## How does Millicom International Cellular S.A. rank in its industry? 51.2 out of 100, rank 9 of 21 in Telecom Services, with 56% of the evidence available. Millicom International Cellular S.A. scores 51.2 out of 100 against the 21 companies it is compared with in Telecom Services, ranking 9. Some evidence is missing, so the score is pulled toward the middle on purpose. The four parts add up to the total exactly: 17.6 + 14.1 + 9.3 + 10.2 = 51.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Millicom International Cellular S.A. compared with? Millicom International Cellular S.A. ranks 9 of 21 Telecom Services companies on the 4-Factor Sector Score, with 51.2 out of 100. 1. [VEON Ltd.](https://www.sectoralpha.in/us/stocks/veon) VEON · leader · Most evidence points up · 81% evidence 65.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.2/35 · Revenue 14.7% · Profit -87.8% · Operating margin change -4 points · 83% evidence Capital efficiency 18.6/25 · ROCE 19.9% · Operating margin 25.8% · 76% evidence Valuation 11.5/20 · P/E 61.3× · PEG 0.54 · 65% evidence Relative strength 20.0/20 · Lead over its industry 45.4% · Lead over S&P 500 30.7% · 1 year 79.3% · 100% evidence · 11 of 12 weeks ahead Exact sum: 15.2 + 18.6 + 11.5 + 20 = 65.3 · What this means: Relative strength against the index is 30.7%, and revenue and profit growth are weak. 2. [Kyivstar Group Ltd.](https://www.sectoralpha.in/us/stocks/kyiv) KYIV · turning · Evidence leans up · 71% evidence 58.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.1/35 · Revenue 23.4% · Profit -45.9% · Operating margin change -3.9 points · 83% evidence Capital efficiency 19.8/25 · ROCE 26.4% · Operating margin 36.6% · 76% evidence Valuation 9.1/20 · P/E 22.9× · PEG n/a · 15% evidence Relative strength 15.6/20 · Lead over its industry 9.8% · Lead over S&P 500 -1.7% · 1 year 9.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 14.1 + 19.8 + 9.1 + 15.6 = 58.6 · What this means: Relative strength against the index is -1.7%, and revenue and profit growth are weak. 3. [Verizon Communications Inc.](https://www.sectoralpha.in/us/stocks/vz) VZ · quiet · Evidence leans up · 81% evidence 57.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.8/35 · Revenue 1.4% · Profit -11.1% · Operating margin change -0.3 points · 83% evidence Capital efficiency 15.0/25 · ROCE 9.3% · Operating margin 23% · 76% evidence Valuation 14.5/20 · P/E 10.9× · PEG 0.19 · 65% evidence Relative strength 12.9/20 · Lead over its industry 5.9% · Lead over S&P 500 -5.8% · 1 year 13% · 100% evidence · 1 of 12 weeks ahead Exact sum: 14.8 + 15 + 14.5 + 12.9 = 57.2 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 4. [Telefônica Brasil S.A.](https://www.sectoralpha.in/us/stocks/viv) VIV · basing · Evidence leans up · 81% evidence 55.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.3/35 · Revenue 7.1% · Profit 13.2% · Operating margin change 0.8 points · 83% evidence Capital efficiency 16.6/25 · ROCE 11.1% · Operating margin 17.6% · 76% evidence Valuation 9.9/20 · P/E 16.4× · PEG 1.09 · 65% evidence Relative strength 4.9/20 · Lead over its industry -12.4% · Lead over S&P 500 -22.5% · 1 year -12.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.3 + 16.6 + 9.9 + 4.9 = 55.7 · What this means: Earnings are strong; relative strength in its sector is -12.4% and the one-year return is -12.4%. 5. [EchoStar Corporation](https://www.sectoralpha.in/us/stocks/echo) ECHO · turning · Evidence leans up · 64% evidence 53.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.2/35 · Revenue -5.2% · Profit n/a · Operating margin change 20 points · 62% evidence Capital efficiency 7.7/25 · ROCE 2.9% · Operating margin 14.3% · 76% evidence Valuation 11.1/20 · P/E -5.2× · PEG n/a · 15% evidence Relative strength 14.4/20 · Lead over its industry 4.9% · Lead over S&P 500 -7.2% · 1 year 38.7% · 100% evidence · 2 of 12 weeks ahead Exact sum: 20.2 + 7.7 + 11.1 + 14.4 = 53.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Rogers Communications Inc.](https://www.sectoralpha.in/us/stocks/rci) RCI · basing · Evidence leans up · 85% evidence 53.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.0/35 · Revenue 8% · Profit -86.6% · Operating margin change 0.5 points · 95% evidence Capital efficiency 12.6/25 · ROCE 6.9% · Operating margin 24.5% · 76% evidence Valuation 12.4/20 · P/E 26.6× · PEG 0.51 · 65% evidence Relative strength 11.1/20 · Lead over its industry -0.7% · Lead over S&P 500 -11.8% · 1 year -10.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17 + 12.6 + 12.4 + 11.1 = 53.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [BCE Inc.](https://www.sectoralpha.in/us/stocks/bce) BCE · basing · Evidence leans up · 81% evidence 52.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.7/35 · Revenue 1.6% · Profit 100% · Operating margin change -1.1 points · 83% evidence Capital efficiency 13.3/25 · ROCE 7.6% · Operating margin 22.1% · 76% evidence Valuation 15.4/20 · P/E 4.5× · PEG 0.12 · 65% evidence Relative strength 6.7/20 · Lead over its industry -5.9% · Lead over S&P 500 -16.5% · 1 year -11.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.7 + 13.3 + 15.4 + 6.7 = 52.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [T-Mobile US, Inc.](https://www.sectoralpha.in/us/stocks/tmus) TMUS · basing · Evidence leans up · 81% evidence 51.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.2/35 · Revenue 9.7% · Profit -13.6% · Operating margin change 0.4 points · 83% evidence Capital efficiency 16.5/25 · ROCE 10.9% · Operating margin 25.2% · 76% evidence Valuation 8.8/20 · P/E 17.2× · PEG 1.23 · 65% evidence Relative strength 5.9/20 · Lead over its industry -12.8% · Lead over S&P 500 -22.7% · 1 year -25.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20.2 + 16.5 + 8.8 + 5.9 = 51.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. Millicom International Cellular S.A. this page TIGO · quiet · Too little evidence to rank firmly · 56% evidence 51.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.6/35 · Revenue n/a · Profit n/a · Operating margin change -4.2 points · 39% evidence Capital efficiency 14.1/25 · ROCE 10.9% · Operating margin 20.7% · 76% evidence Valuation 9.3/20 · P/E 22.8× · PEG n/a · 15% evidence Relative strength 10.2/20 · Lead over its industry 7.2% · Lead over S&P 500 -4% · 1 year 63.2% · 100% evidence · 4 of 12 weeks ahead Exact sum: 17.6 + 14.1 + 9.3 + 10.2 = 51.2 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. [Comcast Corporation](https://www.sectoralpha.in/us/stocks/cmcsa) CMCSA · basing · Evidence leans down · 85% evidence 49.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.4/35 · Revenue -0.3% · Profit -49.9% · Operating margin change 0.5 points · 95% evidence Capital efficiency 13.7/25 · ROCE 8% · Operating margin 18.2% · 76% evidence Valuation 14.1/20 · P/E 6.8× · PEG 0.22 · 65% evidence Relative strength 9.5/20 · Lead over its industry -4% · Lead over S&P 500 -15.1% · 1 year -13.5% · 100% evidence · 2 of 12 weeks ahead Exact sum: 12.4 + 13.7 + 14.1 + 9.5 = 49.7 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 11. [AT&T Inc.](https://www.sectoralpha.in/us/stocks/t) T · quiet · Evidence leans down · 75% evidence 49.0 out of 100 Growth Capital Valuation Relative
12. [Array Digital Infrastructure, Inc.](https://www.sectoralpha.in/us/stocks/ad) AD · basing · Evidence leans down · 64% evidence 47.4 out of 100 Growth Capital Valuation Relative
13. [Iridium Communications Inc.](https://www.sectoralpha.in/us/stocks/irdm) IRDM · quiet · Evidence leans down · 85% evidence 46.3 out of 100 Growth Capital Valuation Relative
14. [Globalstar, Inc.](https://www.sectoralpha.in/us/stocks/gsat) GSAT · turning · Evidence leans down · 64% evidence 44.8 out of 100 Growth Capital Valuation Relative
15. [Charter Communications, Inc.](https://www.sectoralpha.in/us/stocks/chtr) CHTR · basing · Evidence leans down · 81% evidence 44.7 out of 100 Growth Capital Valuation Relative
16. [Telephone and Data Systems, Inc.](https://www.sectoralpha.in/us/stocks/tds) TDS · turning · Evidence leans down · 64% evidence 42.6 out of 100 Growth Capital Valuation Relative
17. [TELUS Corporation](https://www.sectoralpha.in/us/stocks/tu) TU · basing · Evidence leans down · 71% evidence 38.9 out of 100 Growth Capital Valuation Relative
18. Liberty Global Ltd. LBTYB · quiet · Too little evidence to rank firmly · 58% evidence 37.0 out of 100 Growth Capital Valuation Relative
19. [Lumen Technologies, Inc.](https://www.sectoralpha.in/us/stocks/lumn) LUMN · basing · Most evidence points down · 64% evidence 23.6 out of 100 Growth Capital Valuation Relative
20. [Vodafone Group Public Limited Company](https://www.sectoralpha.in/us/stocks/vod) VOD · quiet · Too little evidence to rank firmly · 41% evidence 49.8 out of 100 Growth Capital Valuation Relative
21. [Liberty Broadband Corporation](https://www.sectoralpha.in/us/stocks/lbrda) LBRDA · Too little evidence to rank firmly · 49% evidence 36.3 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Telecom Services](https://www.sectoralpha.in/us/sectors/telecom-services), all 21 compared on one page. ## Which companies are close to Millicom International Cellular S.A. in size? Millicom International Cellular S.A. is the 14th largest of 44 Telecom Services companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Rogers Communications Inc., Telefônica Brasil S.A. and TELUS Corporation. Just below it: SK Telecom Co., Globalstar, Inc. and Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk. ### Telecom Services companies close in size

1. [Rogers Communications Inc.](https://www.sectoralpha.in/us/stocks/rci) $18.1 billion
2. [Telefônica Brasil S.A.](https://www.sectoralpha.in/us/stocks/viv) $17.5 billion
3. [TELUS Corporation](https://www.sectoralpha.in/us/stocks/tu) $14.1 billion
4. Millicom International Cellular S.A. $13 billion
5. [SK Telecom Co., Ltd.](https://www.sectoralpha.in/us/stocks/skm) $11.8 billion
6. [Globalstar, Inc.](https://www.sectoralpha.in/us/stocks/gsat) $10.9 billion
7. [Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk](https://www.sectoralpha.in/us/stocks/tlk) $9.8 billion

[All 44 Telecom Services companies, largest first](https://www.sectoralpha.in/us/sectors/telecom-services#all-companies)

### Companies close in size in other industries

1. [American Homes 4 Rent](https://www.sectoralpha.in/us/stocks/amh) $13.1 billion · REIT - Residential
2. [Embraer S.A.](https://www.sectoralpha.in/us/stocks/embj) $13.1 billion · Aerospace & Defense
3. Millicom International Cellular S.A. $13 billion
4. [CNA Financial Corporation](https://www.sectoralpha.in/us/stocks/cna) $13 billion · Insurance - Property & Casualty
5. [LATAM Airlines Group S.A.](https://www.sectoralpha.in/us/stocks/ltm) $12.9 billion · Airlines

## What else do people ask about Millicom International Cellular S.A.? ### What is Millicom International Cellular S.A.'s stock price today? Millicom International Cellular S.A.'s stock price is $77.51, +64.5% over the past year. The whole company is worth $13.0 B on the market. In the last 52 weeks it traded between $47 to $98; today it is 59% of the way up from the low, 6.9% below its 200-day average (as of 3 November 2026). ### What were Millicom International Cellular S.A.'s latest quarterly results? Millicom International Cellular S.A. reported revenue of $2.2 B and net profit of $101 M for the Jun 2026 quarter. Revenue rose 59.4% and profit fell 85.0% compared with a year earlier. Earnings per share were $0.65. The operating margin was 20.7%, 4.2 percentage points lower than a year earlier (as of 3 November 2026). ### What is Millicom International Cellular S.A.'s market cap? Millicom International Cellular S.A.'s market capitalisation is $13.0 B at a stock price of $77.51. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Millicom International Cellular S.A. performing? Millicom International Cellular S.A.'s share price has been moving sideways for 3 weeks. In its latest quarter, revenue rose 59.4% and profit fell 85.0% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 7 weeks running (as of 3 November 2026). ### Will Millicom International Cellular S.A.'s stock price go up? This page does not forecast Millicom International Cellular S.A.'s stock price. What it shows instead: the stock price is $77.51, and it has been moving sideways for 3 weeks. Its P/E of 19.5× is higher than 51% of its own last 4 years (as of 3 November 2026). ### Is Millicom International Cellular S.A.'s profit real cash? Yes, over the last 3 years, 263% of Millicom International Cellular S.A.'s reported profit came in as cash from operations. The latest year was lower at 127%, so the trend is worth watching. In FY25, operating cash was $1.7 B against reported profit of $1.4 B. Most of that cash then goes into building new capacity. These are yearly figures (as of 3 November 2026). ### Where is Millicom International Cellular S.A. in its business cycle? Millicom International Cellular S.A.'s FY25 operating margin was 25.9%, against a 5-year range of 9.6% to 25.9%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 20.7%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Millicom International Cellular S.A. story? The main question: yearly earnings per share moved +435.3% while the share price moved +64.5%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Millicom International Cellular S.A. a stock worth studying right now? What the numbers show: Millicom International Cellular S.A. is reporting record margins. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.