Added to YB: 2024-07-30
Pitch date: 2024-07-29
TIGO [bullish]
Millicom International Cellular S.A.
+149.14%
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
$21.53
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
Quick (pre-Q2 24) Millicom Update
TIGO: FCF yield 15.7% ('24), 16.7% ('25), 19.8% ('26). Rejected $24/share bid from XN as undervalued. 2024 FCF guidance up 20% to $660M. Cheap at $24.55, 4.2B mkt cap. Q2 earnings call Aug 2 may catalyze. Downside protected by fundamentals. Bid ends Aug 16. Puzzling low-ball offer from XN, possible anchor for future bid.
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