Millicom International Cellular Stock Price To Earning
| TIGO Stock | USD 40.35 0.20 0.50% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess Millicom International's long-term financial health and intrinsic value.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. Millicom International Cellular Company Price To Earning Analysis
Millicom International's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current Millicom International Price To Earning | 2.19 X |
Most of Millicom International's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Millicom International Cellular is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, Millicom International Cellular has a Price To Earning of 2.19 times. This is 97.44% lower than that of the Wireless Telecommunication Services sector and 95.62% lower than that of the Communication Services industry. The price to earning for all United States stocks is 92.37% higher than that of the company.
Millicom Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Millicom International's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Millicom International could also be used in its relative valuation, which is a method of valuing Millicom International by comparing valuation metrics of similar companies.Millicom International is currently under evaluation in price to earning category among its peers.
Millicom Fundamentals
| Return On Equity | 0.12 | ||||
| Return On Asset | 0.0645 | ||||
| Profit Margin | 0.06 % | ||||
| Operating Margin | 0.27 % | ||||
| Current Valuation | 13.32 B | ||||
| Shares Outstanding | 166.88 M | ||||
| Shares Owned By Insiders | 40.44 % | ||||
| Shares Owned By Institutions | 35.88 % | ||||
| Number Of Shares Shorted | 2.28 M | ||||
| Price To Earning | 2.19 X | ||||
| Price To Book | 1.99 X | ||||
| Price To Sales | 1.18 X | ||||
| Revenue | 5.8 B | ||||
| Gross Profit | 4.34 B | ||||
| EBITDA | 2.32 B | ||||
| Net Income | 256 M | ||||
| Cash And Equivalents | 776 M | ||||
| Cash Per Share | 4.54 X | ||||
| Total Debt | 6.77 B | ||||
| Debt To Equity | 2.18 % | ||||
| Current Ratio | 0.95 X | ||||
| Book Value Per Share | 20.29 X | ||||
| Cash Flow From Operations | 1.6 B | ||||
| Short Ratio | 1.69 X | ||||
| Earnings Per Share | 2.09 X | ||||
| Price To Earnings To Growth | 0.59 X | ||||
| Target Price | 41.05 | ||||
| Number Of Employees | 14 K | ||||
| Beta | 1.06 | ||||
| Market Capitalization | 6.73 B | ||||
| Total Asset | 13.74 B | ||||
| Retained Earnings | 2.88 B | ||||
| Working Capital | (735 M) | ||||
| Annual Yield | 0.07 % | ||||
| Five Year Return | 4.76 % | ||||
| Net Asset | 13.74 B | ||||
| Last Dividend Paid | 2.5 |
About Millicom International Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Millicom International Cellular's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Millicom International using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Millicom International Cellular based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Millicom International
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Millicom International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Millicom International will appreciate offsetting losses from the drop in the long position's value.Moving together with Millicom Stock
| 0.67 | KT | KT Corporation Earnings Call This Week | PairCorr |
Moving against Millicom Stock
| 0.68 | FNGR | FingerMotion | PairCorr |
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| 0.4 | NVVEW | Nuvve Holding Corp | PairCorr |
The ability to find closely correlated positions to Millicom International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Millicom International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Millicom International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Millicom International Cellular to buy it.
The correlation of Millicom International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Millicom International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Millicom International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Millicom International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Millicom International Piotroski F Score and Millicom International Altman Z Score analysis. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Is Wireless Telecommunication Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Millicom International. If investors know Millicom will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Millicom International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Millicom International is measured differently than its book value, which is the value of Millicom that is recorded on the company's balance sheet. Investors also form their own opinion of Millicom International's value that differs from its market value or its book value, called intrinsic value, which is Millicom International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Millicom International's market value can be influenced by many factors that don't directly affect Millicom International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Millicom International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Millicom International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Millicom International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.