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Millicom International Cellular (Millicom International Cellular) Cyclically Adjusted Price-to-FCF : 27.60 (As of Apr. 27, 2024)


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What is Millicom International Cellular Cyclically Adjusted Price-to-FCF?

As of today (2024-04-27), Millicom International Cellular's current share price is $20.15. Millicom International Cellular's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.73. Millicom International Cellular's Cyclically Adjusted Price-to-FCF for today is 27.60.

The historical rank and industry rank for Millicom International Cellular's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TIGO' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.36   Med: 11   Max: 27.71
Current: 27.57

During the past years, Millicom International Cellular's highest Cyclically Adjusted Price-to-FCF was 27.71. The lowest was 5.36. And the median was 11.00.

TIGO's Cyclically Adjusted Price-to-FCF is ranked worse than
74.73% of 186 companies
in the Telecommunication Services industry
Industry Median: 13.505 vs TIGO: 27.57

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Millicom International Cellular's adjusted free cash flow per share data for the three months ended in Dec. 2023 was $0.314. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $0.73 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Millicom International Cellular Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Millicom International Cellular's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Millicom International Cellular Cyclically Adjusted Price-to-FCF Chart

Millicom International Cellular Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.59 12.74 16.15 13.17 24.63

Millicom International Cellular Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.17 20.79 14.63 18.07 24.63

Competitive Comparison of Millicom International Cellular's Cyclically Adjusted Price-to-FCF

For the Telecom Services subindustry, Millicom International Cellular's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Millicom International Cellular's Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Millicom International Cellular's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Millicom International Cellular's Cyclically Adjusted Price-to-FCF falls into.



Millicom International Cellular Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Millicom International Cellular's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=20.15/0.73
=27.60

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Millicom International Cellular's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Millicom International Cellular's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.314/121.1700*121.1700
=0.314

Current CPI (Dec. 2023) = 121.1700.

Millicom International Cellular Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 0.306 99.740 0.372
201406 0.110 99.960 0.133
201409 1.017 99.900 1.234
201412 -0.289 98.830 -0.354
201503 0.423 99.980 0.513
201506 0.682 100.640 0.821
201509 1.262 100.380 1.523
201512 1.128 99.910 1.368
201603 -1.041 100.030 -1.261
201606 0.438 100.660 0.527
201609 0.454 100.750 0.546
201612 0.274 101.040 0.329
201703 -0.141 101.780 -0.168
201706 -0.070 102.170 -0.083
201709 0.086 102.520 0.102
201712 0.414 102.410 0.490
201803 -0.694 102.900 -0.817
201806 0.148 103.650 0.173
201809 0.335 104.580 0.388
201812 0.304 104.320 0.353
201903 -0.793 105.140 -0.914
201906 -0.210 105.550 -0.241
201909 -0.070 105.900 -0.080
201912 0.248 106.080 0.283
202003 -1.273 106.040 -1.455
202006 0.155 106.340 0.177
202009 0.217 106.620 0.247
202012 0.873 106.670 0.992
202103 -1.292 108.140 -1.448
202106 0.116 108.680 0.129
202109 0.440 109.470 0.487
202112 1.370 111.090 1.494
202203 -0.328 114.780 -0.346
202206 0.184 116.750 0.191
202209 0.164 117.000 0.170
202212 1.187 117.060 1.229
202303 -0.840 118.910 -0.856
202306 0.012 120.460 0.012
202309 0.739 121.740 0.736
202312 0.314 121.170 0.314

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Millicom International Cellular  (NAS:TIGO) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Millicom International Cellular Cyclically Adjusted Price-to-FCF Related Terms

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Millicom International Cellular (Millicom International Cellular) Business Description

Address
2, Rue du Fort Bourbon, Luxembourg, LUX, L-1249
Millicom offers wireless and fixed-line telecom services primarily in smaller, less congested markets or in 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%), Costa Rica (100%) and Honduras (67% but not controlled or consolidated in the firm's financial statements). The firm's fixed-line networks reach nearly 13 million homes while its wireless networks cover about 120 million people. Increasingly, Millicom offers a converged package that may include fixed-line phone, broadband, and pay television in conjunction with wireless services. The firm plans to carve out its infrastructure assets and mobile financial services business in 2023.