Millicom International Cellular SA (TIGO) — Capital Reinvestment Ratio
Millicom International Cellular SA (TIGO) has a Capital Reinvestment Ratio of 0.27x as of March 2026, meaning it reinvests 0% of its operating cash flow ($618.00 Million) in capital expenditures ($169.00 Million). See how much free cash does Millicom International Cellular SA generate to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Millicom International Cellular SA Capital Reinvestment Ratio (1998–2025)
This chart tracks Millicom International Cellular SA's Capital Reinvestment Ratio across 27 annual periods.
Annual Capital Reinvestment Ratio for Millicom International Cellular SA (1998–2025)
Year-by-year Capital Reinvestment Ratio for Millicom International Cellular SA from 1998 to 2025. For live market cap and broader valuation context, see Millicom International Cellular SA stock valuation.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.35x | $1.83 Billion | $650.00 Million | ▲ +9.6% |
| 2024 | 0.32x | $1.67 Billion | $540.00 Million | ▼ -66.6% |
| 2023 | 0.97x | $1.22 Billion | $1.18 Billion | ▲ +15.9% |
| 2022 | 0.83x | $1.28 Billion | $1.07 Billion | ▼ -12.1% |
| 2021 | 0.95x | $956.00 Million | $908.00 Million | ▼ -5.4% |
| 2020 | 1.00x | $821.00 Million | $824.00 Million | ▼ -11.4% |
| 2019 | 1.13x | $801.00 Million | $907.00 Million | ▲ +15.0% |
| 2018 | 0.98x | $792.00 Million | $780.00 Million | ▲ +3.1% |
| 2017 | 0.95x | $820.00 Million | $783.00 Million | ▼ -2.7% |
| 2016 | 0.98x | $878.00 Million | $862.00 Million | ▲ +34.5% |
| 2015 | 0.73x | $1.65 Billion | $1.21 Billion | ▼ -18.9% |
| 2014 | 0.90x | $1.46 Billion | $1.31 Billion | ▼ -6.1% |
| 2013 | 0.96x | $1.21 Billion | $1.16 Billion | ▲ +51.8% |
| 2012 | 0.63x | $1.58 Billion | $1.00 Billion | ▲ +31.1% |
| 2011 | 0.48x | $1.61 Billion | $776.52 Million | ▼ -39.3% |
| 2010 | 0.79x | $785.37 Million | $623.14 Million | ▼ -53.2% |
| 2009 | 1.69x | $455.97 Million | $772.57 Million | ▲ +35.2% |
| 2008 | 1.25x | $1.12 Billion | $1.41 Billion | ▲ +57.0% |
| 2007 | 0.80x | $1.11 Billion | $887.14 Million | ▼ -30.5% |
| 2006 | 1.15x | $477.46 Million | $548.12 Million | ▲ +44.5% |
| 2005 | 0.79x | $407.17 Million | $323.52 Million | ▲ +21.8% |
| 2004 | 0.65x | $303.24 Million | $197.87 Million | ▲ +39.2% |
| 2003 | 0.47x | $184.36 Million | $86.45 Million | ▼ -74.2% |
| 2002 | 1.82x | $74.67 Million | $135.82 Million | ▼ -1.6% |
| 2001 | 1.85x | $103.97 Million | $192.18 Million | ▲ +22.4% |
| 2000 | 1.51x | $121.07 Million | $182.77 Million | ▼ -46.1% |
| 1998 | 2.80x | $68.40 Million | $191.70 Million | — |