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Tigo Valuation Multiples

Discover revenue and EBITDA valuation multiples for Tigo and similar public comparables like Jordan Telecom, e&, and KPN.

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 sell the majority of its wireless towers to SBA Communications for $975 million.


Founded

1992

HQ

United States of America
Employees

14.2K+

Website

millicom.com

Financials

LTM Revenue $5.8B

LTM EBITDA $2.5B

EV

$10.8B

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Tigo Financials

Tigo has a last 12-month revenue of $5.8B and a last 12-month EBITDA of $2.5B.

In the most recent fiscal year, Tigo achieved revenue of $5.8B and an EBITDA of $2.4B.

Tigo expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Tigo P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $5.7B $5.8B XXX XXX XXX
Gross Profit $4.1B $4.2B XXX XXX XXX
Gross Margin 73% 72% XXX XXX XXX
EBITDA $2.1B $2.4B XXX XXX XXX
EBITDA Margin 37% 41% XXX XXX XXX
Net Profit $177M -$82.0M XXX XXX XXX
Net Margin 3% -1% XXX XXX XXX
Net Debt $5.8B $5.9B XXX XXX XXX

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Tigo Stock Performance

As of April 15, 2025, Tigo's stock price is $29.

Tigo has current market cap of $4.8B, and EV of $10.8B.

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Tigo Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$10.8B $4.8B XXX XXX XXX XXX $2.64

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Tigo Valuation Multiples

As of April 15, 2025, Tigo has market cap of $4.8B and EV of $10.8B.

Tigo's trades at 1.9x LTM EV/Revenue multiple, and 4.3x LTM EBITDA.

Analysts estimate Tigo's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Tigo Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $10.8B XXX XXX XXX
EV/Revenue 1.9x XXX XXX XXX
EV/EBITDA 4.6x XXX XXX XXX
P/E 18.8x XXX XXX XXX
P/E/Growth 0.4x XXX XXX XXX
EV/FCF 13.0x XXX XXX XXX

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Tigo Valuation Multiples

Tigo's NTM/LTM revenue growth is 0%

Tigo's revenue per employee for the last fiscal year averaged $0.4M, while opex per employee averaged $0.2M for the same period.

Over next 12 months, Tigo's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Tigo's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Tigo Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 3% XXX XXX XXX XXX
EBITDA Margin 41% XXX XXX XXX XXX
EBITDA Growth 12% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 40% XXX XXX XXX XXX
Revenue per Employee $0.4M XXX XXX XXX XXX
Opex per Employee $0.2M XXX XXX XXX XXX
S&M Expenses to Revenue 9% XXX XXX XXX XXX
G&A Expenses to Revenue 10% XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 54% XXX XXX XXX XXX

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Tigo Public Comps

See public comps and valuation multiples for Telecom Service Providers and Internet Service Providers comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
XXX XXX XXX XXX XXX XXX
e& XXX XXX XXX XXX XXX XXX
Space42 XXX XXX XXX XXX XXX XXX
Jordan Telecom XXX XXX XXX XXX XXX XXX
KPN 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 and Investment Activity

Tigo acquired  XXX companies to date.

Last acquisition by Tigo was  XXXXXXXX, XXXXX XXXXX XXXXXX . Tigo acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Tigo

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Tigo

When was Tigo founded? Tigo was founded in 1992.
Where is Tigo headquartered? Tigo is headquartered in United States of America.
How many employees does Tigo have? As of today, Tigo has 14.2K+ employees.
Who is the CEO of Tigo? Tigo's CEO is Mr. Mauricio Ramos.
Is Tigo publicy listed? Yes, Tigo is a public company listed on NAS.
What is the stock symbol of Tigo? Tigo trades under TIGO ticker.
When did Tigo go public? Tigo went public in 2003.
Who are competitors of Tigo? Similar companies to Tigo include e.g. , e&, Space42, Jordan Telecom.
What is the current market cap of Tigo? Tigo's current market cap is $4.8B
What is the current revenue of Tigo? Tigo's last 12-month revenue is $5.8B.
What is the current EBITDA of Tigo? Tigo's last 12-month EBITDA is $2.5B.
What is the current EV/Revenue multiple of Tigo? Current revenue multiple of Tigo is 1.9x.
What is the current EV/EBITDA multiple of Tigo? Current EBITDA multiple of Tigo is 4.3x.
What is the current revenue growth of Tigo? Tigo revenue growth between 2023 and 2024 was 3%.
Is Tigo profitable? Yes, Tigo is EBITDA-positive (as of the last 12 months).

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