Discounted Cash Flow

Millicom International Cellular S.A. Foreign

TIGO · Based on 10 years of SEC filings

DCF estimate unavailable — only_6_profitable_out_of_10

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $4.0b $-32.0m $159.0m -0.8% $-0.32
2017 $4.1b (0.8%) $86.0m (368.8%) $-634.0m (-498.7%) 2.1% (366.6%) $0.86 (368.7%)
2018 $4.1b (-0.0%) $-10.0m (-111.6%) $160.0m (125.2%) -0.2% (-111.6%) $-0.10 (-111.6%)
2019 $4.3b (6.4%) $149.0m (1590.0%) $65.0m (-59.4%) 3.4% (1500.0%) $1.48 (1580.0%)
2020 $4.2b (-3.8%) $-344.0m (-330.9%) $811.0m (1147.7%) -8.2% (-340.0%) $-2.68 (-281.1%)
2021 $4.6b (10.7%) $590.0m (271.5%) $906.0m (11.7%) 12.8% (254.9%) $4.59 (271.3%)
2022 $5.6b (21.8%) $177.0m (-70.0%) $1.3b (41.5%) 3.1% (-75.4%) $1.27 (-72.3%)
2023 $5.7b (0.7%) $-82.0m (-146.3%) $-82.0m (-106.4%) -1.4% (-146.0%) $-0.48 (-137.8%)
2024 $5.8b (2.5%) $253.0m (408.5%) $1.5b (1932.9%) 4.4% (400.9%) $1.47 (406.2%)
2025 $5.8b (0.3%) $1.3b (420.2%) $1.6b (7.4%) 22.6% (418.8%) $7.86 (434.7%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model

only_6_profitable_out_of_10

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.