Millicom International Cellular (NASDAQ:TIGO) Shareholders Will Want The ROCE Trajectory To Continue [Yahoo! Finance]
Millicom International Cellular S.A. (TIGO)
Last millicom international cellular s.a. earnings: 5/1 04:01 pm
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Source: Yahoo! Finance
Firstly, we'll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. So on that note, Millicom International Cellular NASDAQ:TIGO ) looks quite promising in regards to its trends of return on capital. Return On Capital Employed (ROCE): What Is It? For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for Millicom International Cellular: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.083 = US$923m ÷ (US$14b - US$3.2b) (Based on the trailing twelve months to March 2024) Therefore, Millicom International Cellular has an ROCE of 8.3%. Ultimately, that's a low return and it under-perfo
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News
- Millicom International Cellular S.A. (NASDAQ: TIGO) had its price target raised by analysts at Scotiabank from $26.80 to $30.00. They now have a "sector outperform" rating on the stock.MarketBeat
- Does Millicom (TIGO) Retains Favorable Market Conditions? [Yahoo! Finance]Yahoo! Finance
- Millicom International Cellular S.A. (NASDAQ: TIGO) is now covered by analysts at JPMorgan Chase & Co.. They set an "overweight" rating and a $30.00 price target on the stock.MarketBeat
- Millicom (Tigo) comments on shareholder communication [Yahoo! Finance]Yahoo! Finance
- Millicom (Tigo) comments on shareholder communicationGlobeNewswire
TIGO
Sec Filings
- 5/24/24 - Form 6-K
- 5/23/24 - Form SC
- 5/23/24 - Form SC
- TIGO's page on the SEC website