Millicom International Cellular SA
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. The company also operates TIGO Sports for sports dedicated broadcast business; Ti… Read more
Millicom International Cellular SA (TIGO) - Net Assets
Latest net assets as of September 2025: $3.31 Billion USD
Based on the latest financial reports, Millicom International Cellular SA (TIGO) has net assets worth $3.31 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($15.59 Billion) and total liabilities ($12.28 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.31 Billion |
| % of Total Assets | 21.23% |
| Annual Growth Rate | 12.52% |
| 5-Year Change | 57.17% |
| 10-Year Change | -4.13% |
| Growth Volatility | 95.58 |
Millicom International Cellular SA - Net Assets Trend (1993–2024)
This chart illustrates how Millicom International Cellular SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Millicom International Cellular SA (1993–2024)
The table below shows the annual net assets of Millicom International Cellular SA from 1993 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $3.57 Billion | +3.74% |
| 2023-12-31 | $3.44 Billion | -5.20% |
| 2022-12-31 | $3.63 Billion | +32.63% |
| 2021-12-31 | $2.74 Billion | +20.49% |
| 2020-12-31 | $2.27 Billion | -15.18% |
| 2019-12-31 | $2.68 Billion | -4.01% |
| 2018-12-31 | $2.79 Billion | -14.87% |
| 2017-12-31 | $3.28 Billion | -2.58% |
| 2016-12-31 | $3.37 Billion | -9.66% |
| 2015-12-31 | $3.73 Billion | -0.05% |
| 2014-12-31 | $3.73 Billion | +79.24% |
| 2013-12-31 | $2.08 Billion | -10.92% |
| 2012-12-31 | $2.34 Billion | -4.50% |
| 2011-12-31 | $2.45 Billion | +2.36% |
| 2010-12-31 | $2.39 Billion | +3.44% |
| 2009-12-31 | $2.31 Billion | +39.83% |
| 2008-12-31 | $1.65 Billion | +20.74% |
| 2007-12-31 | $1.37 Billion | +134.95% |
| 2006-12-31 | $582.39 Million | +74.48% |
| 2005-12-31 | $333.78 Million | +19.02% |
| 2004-12-31 | $280.44 Million | +578.49% |
| 2003-12-31 | $-58.61 Million | +78.41% |
| 2002-12-31 | $-271.53 Million | -443.03% |
| 2001-12-31 | $79.16 Million | -77.31% |
| 2000-12-31 | $348.86 Million | +16.63% |
| 1999-12-31 | $299.12 Million | +3.19% |
| 1998-12-31 | $289.86 Million | +157.20% |
| 1997-12-31 | $112.70 Million | -24.26% |
| 1996-12-31 | $148.80 Million | -11.16% |
| 1995-12-31 | $167.50 Million | +32.94% |
| 1994-12-31 | $126.00 Million | +36.51% |
| 1993-12-31 | $92.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Millicom International Cellular SA'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 294630000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.88 Billion | 79.41% |
| Common Stock | $258.00 Million | 7.11% |
| Other Comprehensive Income | $-531.00 Million | -14.64% |
| Other Components | $1.02 Billion | 28.11% |
| Total Equity | $3.63 Billion | 100.00% |
Millicom International Cellular SA Competitors by Market Cap
The table below lists competitors of Millicom International Cellular SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AGCO Corporation
NYSE:AGCO
|
$7.13 Billion |
|
Shenzhen Longsys Electronics Co. Ltd. A
SHE:301308
|
$7.13 Billion |
|
Securitas AB
PINK:SCTBY
|
$7.14 Billion |
|
Yageo Corporation
PINK:YAGOY
|
$7.14 Billion |
|
Kesko Oyj
PINK:KKOYF
|
$7.13 Billion |
|
Unity Software Inc
NYSE:U
|
$7.13 Billion |
|
China Three Gorges New Energy Group Co Ltd
SHG:600905
|
$7.12 Billion |
|
PROCORE TECH.INC.DL-0001
F:5PT
|
$7.12 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Millicom International Cellular SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,529,000,000 to 3,628,000,000, a change of 99,000,000 (2.8%).
- Net income of 253,000,000 contributed positively to equity growth.
- Share repurchases of 99,000,000 reduced equity.
- Other comprehensive income decreased equity by 31,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $253.00 Million | +6.97% |
| Share Repurchases | $99.00 Million | -2.73% |
| Other Comprehensive Income | $-31.00 Million | -0.85% |
| Other Changes | $-24.00 Million | -0.66% |
| Total Change | $- | 2.81% |
Book Value vs Market Value Analysis
This analysis compares Millicom International Cellular SA'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: 3.52x
- 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 57.79x to 3.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | $1.28 | $73.96 | x |
| 1994-12-31 | $1.64 | $73.96 | x |
| 1995-12-31 | $2.08 | $73.96 | x |
| 1996-12-31 | $1.84 | $73.96 | x |
| 1997-12-31 | $1.37 | $73.96 | x |
| 1998-12-31 | $3.47 | $73.96 | x |
| 1999-12-31 | $4.45 | $73.96 | x |
| 2000-12-31 | $4.06 | $73.96 | x |
| 2001-12-31 | $0.83 | $73.96 | x |
| 2002-12-31 | $-5.12 | $73.96 | x |
| 2003-12-31 | $-0.83 | $73.96 | x |
| 2004-12-31 | $2.08 | $73.96 | x |
| 2005-12-31 | $2.35 | $73.96 | x |
| 2006-12-31 | $3.91 | $73.96 | x |
| 2007-12-31 | $9.36 | $73.96 | x |
| 2008-12-31 | $12.12 | $73.96 | x |
| 2009-12-31 | $17.21 | $73.96 | x |
| 2010-12-31 | $22.55 | $73.96 | x |
| 2011-12-31 | $16.97 | $73.96 | x |
| 2012-12-31 | $15.67 | $73.96 | x |
| 2013-12-31 | $15.17 | $73.96 | x |
| 2014-12-31 | $18.38 | $73.96 | x |
| 2015-12-31 | $27.26 | $73.96 | x |
| 2016-12-31 | $24.78 | $73.96 | x |
| 2017-12-31 | $24.21 | $73.96 | x |
| 2018-12-31 | $19.80 | $73.96 | x |
| 2019-12-31 | $18.71 | $73.96 | x |
| 2020-12-31 | $15.98 | $73.96 | x |
| 2021-12-31 | $15.71 | $73.96 | x |
| 2022-12-31 | $25.81 | $73.96 | x |
| 2023-12-31 | $20.59 | $73.96 | x |
| 2024-12-31 | $21.02 | $73.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Millicom International Cellular SA 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): 6.97%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.36%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 3.79x
- Recent ROE (6.97%) is below the historical average (7.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 35.43% | 53.34% | 0.25x | 2.64x | $23.47 Million |
| 1994 | 8.25% | 12.78% | 0.24x | 2.70x | $-2.20 Million |
| 1995 | -17.85% | -22.75% | 0.28x | 2.84x | $-46.65 Million |
| 1996 | -12.16% | -8.40% | 0.20x | 7.15x | $-32.98 Million |
| 1997 | -98.49% | -31.95% | 0.27x | 11.28x | $-122.27 Million |
| 1998 | 18.84% | 12.10% | 0.28x | 5.63x | $25.43 Million |
| 1999 | -7.09% | -4.72% | 0.34x | 4.46x | $-62.89 Million |
| 2000 | 104.16% | 62.26% | 0.27x | 6.22x | $321.27 Million |
| 2001 | -200.38% | -21.42% | 0.34x | 27.16x | $-144.94 Million |
| 2002 | 0.00% | -45.97% | 0.50x | 0.00x | $-247.45 Million |
| 2003 | 0.00% | 27.63% | 0.42x | 0.00x | $187.34 Million |
| 2004 | 27.56% | 7.18% | 0.45x | 8.56x | $41.99 Million |
| 2005 | 3.43% | 1.11% | 0.36x | 8.55x | $-19.66 Million |
| 2006 | 48.48% | 15.53% | 0.47x | 6.58x | $194.27 Million |
| 2007 | 34.05% | 16.67% | 0.60x | 3.43x | $309.73 Million |
| 2008 | 30.84% | 16.43% | 0.60x | 3.11x | $349.72 Million |
| 2009 | 23.57% | 16.66% | 0.56x | 2.51x | $323.55 Million |
| 2010 | 52.14% | 41.41% | 0.56x | 2.25x | $1.31 Billion |
| 2011 | 39.43% | 19.62% | 0.62x | 3.23x | $663.38 Million |
| 2012 | 25.10% | 10.55% | 0.61x | 3.93x | $305.60 Million |
| 2013 | 11.98% | 5.26% | 0.50x | 4.55x | $38.10 Million |
| 2014 | 111.87% | 41.03% | 0.48x | 5.73x | $2.39 Billion |
| 2015 | -16.08% | -8.51% | 0.63x | 2.99x | $-906.70 Million |
| 2016 | -1.42% | -1.10% | 0.43x | 3.04x | $-361.70 Million |
| 2017 | 1.52% | 1.15% | 0.43x | 3.06x | $-262.60 Million |
| 2018 | 0.75% | 0.48% | 0.38x | 4.06x | $-235.20 Million |
| 2019 | 3.11% | 1.73% | 0.34x | 5.35x | $-166.00 Million |
| 2020 | -16.71% | -8.25% | 0.34x | 6.03x | $-549.90 Million |
| 2021 | 22.84% | 13.85% | 0.28x | 5.86x | $331.70 Million |
| 2022 | 1.58% | 1.01% | 0.40x | 3.94x | $-303.50 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 |
Industry Comparison
This section compares Millicom International Cellular SA's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $44,462,353,944
- Average return on equity (ROE) among peers: -3489.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Millicom International Cellular SA (TIGO) | $3.31 Billion | 35.43% | 3.71x | $7.13 Billion |
| Airtel Africa Plc (AARTY) | $2.77 Billion | 7.93% | 3.33x | $6.92 Billion |
| Airborne Wireless Network (ABWN) | $106.58K | -34635.01% | 3.96x | $437.69K |
| Access-Power & Co. Inc (ACCR) | $753.00 | -0.13% | 3.17x | $572.84K |
| Array Digital Infrastructure, Inc. (AD) | $3.69 Billion | 0.33% | 0.85x | $745.85 Million |
| Alvarion Ltd (ALVRQ) | $122.09 Million | -80.66% | 0.76x | $0.97 |
| América Móvil, S.A.B. de C.V. (AMXOF) | $437.83 Billion | 17.39% | 2.70x | $12.75 Billion |
| Alpha One Inc (AOAO) | $27.96 Million | -1.08% | 0.50x | $11.15 Million |
| American Nortel Communications Inc (ARTM) | $333.42K | -8.16% | 0.37x | $213.62 |
| Vapor Hub International Inc. (ASHI) | $15.12K | -175.34% | 0.19x | $5.26K |
| Anterix Inc (ATEX) | $180.76 Million | -23.23% | 0.09x | $481.87 Million |