Added to YB: 2024-11-13
Pitch date: 2024-11-11
TIGO [bullish]
Millicom International Cellular S.A.
+122.21%
current return
Author Info
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Company Info
Millicom International Cellular S.A. provides cable and mobile services in Latin America. It offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.
Market Cap
$8.4B
Pitch Price
$23.40
Price Target
N/A
Dividend
5.96%
EV/EBITDA
5.43
P/E
7.77
EV/Sales
2.71
Sector
Wireless Telecommunication Services
Category
value
Digesting Millicom’s Tower Monetization
TIGO: Tower sale-leaseback: $975M for 7000+ sites, -$40M annual FCF impact. 11.5x EBITDA multiple. Muted stock reaction due to valuation, uncertain proceeds use. Q3 solid. $650M FCF in 2024 (14.4% yield). Niel owns 40%. Awaiting capital allocation plan. Cheap at 14-15% FCF yield. Potential M&A in Colombia.
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