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Tigo Valuation Multiples
Discover revenue and EBITDA valuation multiples for Tigo and similar public comparables like HKT Trust and HKT, Ooredoo Qatar, TIM Brasil, Vodafone Idea and more.
Tigo Overview
About Tigo
Millicom offers wireless and fixed-line telecom services primarily in smaller, less developed countries in Latin America. Countries served include Bolivia (100% owned), Nicaragua (100%), Panama (100%), El Salvador (100%), Guatemala (100%), Paraguay (100%), Colombia (50%), and Honduras (67% but not controlled or consolidated in the firm's financial statements). The firm’s wireless networks cover about 120 million people, serving 42 million customers. Its fixed-line networks reach 14 million homes, serving about 4 million broadband customers. Increasingly, Millicom offers converged packages that include broadband with wireless services. The firm has agreed to acquire Telefonica's operations in Ecuador and Uruguay.
Founded
1992
HQ
Employees
14.2K
Website
Sectors
Financials (LTM)
EV
$19B
Tigo Financials
Tigo reported last 12-month revenue of $6B and EBITDA of $3B.
In the same LTM period, Tigo generated $5B in gross profit, $3B in EBITDA, and $1B in net income.
Revenue (LTM)
Tigo P&L
In the most recent fiscal year, Tigo reported revenue of $6B and EBITDA of $4B.
Tigo expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $6B | XXX | $6B | XXX | XXX | XXX |
| Gross Profit | $5B | XXX | $5B | XXX | XXX | XXX |
| Gross Margin | 77% | XXX | 78% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $4B | XXX | XXX | XXX |
| EBITDA Margin | 46% | XXX | 61% | XXX | XXX | XXX |
| EBIT Margin | 26% | XXX | 27% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 20% | XXX | 23% | XXX | XXX | XXX |
| Net Debt | — | — | $5B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Tigo Stock Performance
Tigo has current market cap of $12B, and enterprise value of $19B.
Market Cap Evolution
Tigo's stock price is $72.50.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $19B | $12B | 0.0% | XXX | XXX | XXX | $7.88 |
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Start Free TrialTigo Valuation Multiples
Tigo trades at 3.0x EV/Revenue multiple, and 6.6x EV/EBITDA.
EV / Revenue (LTM)
Tigo Financial Valuation Multiples
As of March 7, 2026, Tigo has market cap of $12B and EV of $19B.
Equity research analysts estimate Tigo's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Tigo has a P/E ratio of 9.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $12B | XXX | $12B | XXX | XXX | XXX |
| EV (current) | $19B | XXX | $19B | XXX | XXX | XXX |
| EV/Revenue | 3.0x | XXX | 3.2x | XXX | XXX | XXX |
| EV/EBITDA | 6.6x | XXX | 5.3x | XXX | XXX | XXX |
| EV/EBIT | 11.5x | XXX | 12.1x | XXX | XXX | XXX |
| EV/Gross Profit | 3.9x | XXX | 4.2x | XXX | XXX | XXX |
| P/E | 9.9x | XXX | 9.2x | XXX | XXX | XXX |
| EV/FCF | 9.6x | XXX | 9.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Tigo Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Tigo Margins & Growth Rates
Tigo's revenue in the last 12 month grew by 31%.
Tigo's revenue per employee in the last FY averaged $0.4M.
Tigo's rule of 40 is 77% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Tigo's rule of X is 124% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Tigo Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 31% | XXX | 40% | XXX | XXX | XXX |
| EBITDA Margin | 46% | XXX | 61% | XXX | XXX | XXX |
| EBITDA Growth | 24% | XXX | (1%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 77% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 124% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 14% | XXX | — | XXX | XXX | XXX |
| G&A Expenses to Revenue | 15% | XXX | — | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 51% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Tigo Public Comps
See public comps and valuation multiples for other Telecom Service Providers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| HKT Trust and HKT | XXX | XXX | XXX | XXX | XXX | XXX |
| Ooredoo Qatar | XXX | XXX | XXX | XXX | XXX | XXX |
| TIM Brasil | XXX | XXX | XXX | XXX | XXX | XXX |
| Vodafone Idea | XXX | XXX | XXX | XXX | XXX | XXX |
| MTN Nigeria | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Tigo M&A Activity
Tigo acquired XXX companies to date.
Last acquisition by Tigo was on XXXXXXXX, XXXXX. Tigo acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Tigo
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialTigo Investment Activity
Tigo invested in XXX companies to date.
Tigo made its latest investment on XXXXXXXX, XXXXX. Tigo invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Tigo
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Tigo
| When was Tigo founded? | Tigo was founded in 1992. |
| Where is Tigo headquartered? | Tigo is headquartered in Guatemala. |
| How many employees does Tigo have? | As of today, Tigo has over 14K employees. |
| Who is the CEO of Tigo? | Tigo's CEO is Marcelo Benitez. |
| Is Tigo publicly listed? | Yes, Tigo is a public company listed on Nasdaq. |
| What is the stock symbol of Tigo? | Tigo trades under TIGO ticker. |
| When did Tigo go public? | Tigo went public in 1993. |
| Who are competitors of Tigo? | Tigo main competitors are HKT Trust and HKT, Ooredoo Qatar, TIM Brasil, Vodafone Idea. |
| What is the current market cap of Tigo? | Tigo's current market cap is $12B. |
| What is the current revenue of Tigo? | Tigo's last 12 months revenue is $6B. |
| What is the current revenue growth of Tigo? | Tigo revenue growth (NTM/LTM) is 31%. |
| What is the current EV/Revenue multiple of Tigo? | Current revenue multiple of Tigo is 3.0x. |
| Is Tigo profitable? | Yes, Tigo is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Tigo? | Tigo's last 12 months EBITDA is $3B. |
| What is Tigo's EBITDA margin? | Tigo's last 12 months EBITDA margin is 46%. |
| What is the current EV/EBITDA multiple of Tigo? | Current EBITDA multiple of Tigo is 6.6x. |
| What is the current FCF of Tigo? | Tigo's last 12 months FCF is $2B. |
| What is Tigo's FCF margin? | Tigo's last 12 months FCF margin is 32%. |
| What is the current EV/FCF multiple of Tigo? | Current FCF multiple of Tigo is 9.6x. |
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