MILLICOM INTL CELL. DL15 (M4M1) - Net Assets
Based on the latest financial reports, MILLICOM INTL CELL. DL15 (M4M1) has net assets worth €3.62 Billion EUR (≈ $4.23 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€17.25 Billion ≈ $20.17 Billion USD) and total liabilities (€13.63 Billion ≈ $15.94 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore M4M1 cash flow conversion to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €3.62 Billion |
| % of Total Assets | 20.98% |
| Annual Growth Rate | 7.21% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 14.53 |
MILLICOM INTL CELL. DL15 - Net Assets Trend (2021–2025)
This chart illustrates how MILLICOM INTL CELL. DL15's net assets have evolved over time, based on quarterly financial data. Explore how much of MILLICOM INTL CELL. DL15's assets are long-term investments to see how much of total assets are deployed in long-term investments.
Annual Net Assets for MILLICOM INTL CELL. DL15 (2021–2025)
The table below shows the annual net assets of MILLICOM INTL CELL. DL15 from 2021 to 2025. For live valuation and market cap data, see MILLICOM INTL CELL. DL15 market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €3.62 Billion ≈ $4.23 Billion |
+1.29% |
| 2024-12-31 | €3.57 Billion ≈ $4.18 Billion |
+3.74% |
| 2023-12-31 | €3.44 Billion ≈ $4.03 Billion |
-5.20% |
| 2022-12-31 | €3.63 Billion ≈ $4.25 Billion |
+32.63% |
| 2021-12-31 | €2.74 Billion ≈ $3.20 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to MILLICOM INTL CELL. DL15's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 18.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €3.09 Billion | 84.92% |
| Other Components | €549.00 Million | 15.08% |
| Total Equity | €3.64 Billion | 100.00% |
MILLICOM INTL CELL. DL15 Competitors by Market Cap
The table below lists competitors of MILLICOM INTL CELL. DL15 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bank of Chengdu Co Ltd
SHG:601838
|
$11.40 Billion |
|
Stanley Black & Decker Inc
NYSE:SWK
|
$11.40 Billion |
|
First Horizon Corporation
NYSE:FHN
|
$11.41 Billion |
|
Applied Industrial Technologies
NYSE:AIT
|
$11.42 Billion |
|
Metso Oyj
HE:METSO
|
$11.39 Billion |
|
Sinotruk (Hong Kong) Limited
F:4SK
|
$11.38 Billion |
|
Mowi ASA
OL:MOWI
|
$11.36 Billion |
|
China Pacific Insurance (Group) Co. Ltd
F:75C
|
$11.36 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MILLICOM INTL CELL. DL15's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,628,000,000 to 3,640,000,000, a change of 12,000,000 (0.3%).
- Net income of 1,316,000,000 contributed positively to equity growth.
- Dividend payments of 754,000,000 reduced retained earnings.
- Share repurchases of 119,000,000 reduced equity.
- Other factors decreased equity by 431,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.32 Billion | +36.15% |
| Dividends Paid | €754.00 Million | -20.71% |
| Share Repurchases | €119.00 Million | -3.27% |
| Other Changes | €-431.00 Million | -11.84% |
| Total Change | €- | 0.33% |
Book Value vs Market Value Analysis
This analysis compares MILLICOM INTL CELL. DL15's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.19x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 3.43x to 3.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €20.24 | €69.50 | x |
| 2022-12-31 | €21.10 | €69.50 | x |
| 2023-12-31 | €20.55 | €69.50 | x |
| 2024-12-31 | €21.31 | €69.50 | x |
| 2025-12-31 | €21.78 | €69.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MILLICOM INTL CELL. DL15 utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 36.15%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.62%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 4.74x
- Recent ROE (36.15%) is above the historical average (13.71%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 22.84% | 13.85% | 0.28x | 5.86x | €331.70 Million |
| 2022 | 4.91% | 3.15% | 0.40x | 3.94x | €-183.50 Million |
| 2023 | -2.32% | -1.45% | 0.39x | 4.11x | €-434.90 Million |
| 2024 | 6.97% | 4.36% | 0.42x | 3.79x | €-109.80 Million |
| 2025 | 36.15% | 22.62% | 0.34x | 4.74x | €952.00 Million |
Industry Comparison
This section compares MILLICOM INTL CELL. DL15's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $354,207,675,756
- Average return on equity (ROE) among peers: -1.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MILLICOM INTL CELL. DL15 (M4M1) | €3.62 Billion | 22.84% | 3.77x | $11.39 Billion |
| LIBERTY LAT.AMER.A DL-01 (1LL) | $2.90 Billion | -15.21% | 4.30x | $309.25 Million |
| LIBERTY LAT.AMER.C DL-01 (1LLC) | $2.31 Billion | -3.19% | 4.89x | $1.31 Billion |
| 1&1 AG (1U1) | $5.89 Billion | 5.35% | 0.31x | $4.35 Billion |
| CHINA TOWER UNSP.ADR/100 (2Y10) | $193.59 Billion | 4.54% | 0.58x | $5.02 Billion |
| SOFTBANK CORP. ADR (3AG0) | $3.21 Trillion | 16.09% | 3.08x | $52.06 Billion |
| TELSTRA GROUP LTD SP.ADR (5KB) | $17.82 Billion | 10.82% | 1.53x | $37.53 Billion |
| VODACOM GROUP LTD. SP.ADR (5VD0) | $103.65 Billion | 16.01% | 1.41x | $15.26 Billion |
| EuroTeleSites AG (7YF) | $413.94 Million | 8.07% | 4.07x | $762.51 Million |
| Swissnet AG (81D) | $3.64 Million | -68.81% | 0.60x | $30.80 Million |
| AIRTEL AFRICA UNSP.ADR/10 (9AA0) | $2.77 Billion | 7.93% | 3.33x | $16.88 Billion |
About MILLICOM INTL CELL. DL15
Millicom International Cellular S.A. engages in the provision cable and mobile services in Latin America. The company 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. In addition, the company provides fixed services, includ… Read more