AMX vs. TIGO: América Móvil vs. Millicom International Cellular Stock Comparison
How do América Móvil (AMX) and Millicom International Cellular (TIGO) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
América Móvil (AMX) and Millicom International Cellular (TIGO) are both classified in the Wireless Telecommunication Services sub-industry within the broader Wireless Telecommunication Services industry, placing them in the closest GICS peer bucket.
Millicom International Cellular (TIGO) trades as ordinary local shares, while América Móvil (AMX) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | AMX | TIGO |
|---|---|---|
| Name | America Movil SAB de CV ADR | Millicom International Cellular S.A. |
| Country/Region | Mexico | Luxembourg |
| GICS Sector | Communication Services | Communication Services |
| GICS Industry Group | Telecommunication Services | Telecommunication Services |
| GICS Industry | Wireless Telecommunication Services | Wireless Telecommunication Services |
| GICS Sub-Industry | Wireless Telecommunication Services | Wireless Telecommunication Services |
| Market Capitalization | 76.79 billion USD | 13.96 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | Nasdaq |
| Listing Date | February 12, 2001 | January 9, 2019 |
| Security Type | ADR | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | AMX | TIGO |
|---|---|---|
| Total Return (1Y) | 12.20% | 88.87% |
| Total Return (3Y, Annualized) | 17.30% | 85.47% |
| Total Return (5Y, Annualized) | 9.88% | 23.36% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | AMX | TIGO |
|---|---|---|
| Volatility (1Y, Annualized) | 27.50% | 41.65% |
| Beta (5Y) | 0.56 | 0.96 |
| Max Drawdown (5Y) | -38.11% | -71.26% |
| Avg. Volume (3M) | 2.89M | 924.74K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | AMX | TIGO |
|---|---|---|
| Sharpe Ratio (1Y) | 0.29 | 2.03 |
| Sortino Ratio (1Y) | 0.46 | 3.02 |
Profitability
ROE (TTM)
Both América Móvil (AMX) at 20.98% and Millicom International Cellular (TIGO) at 19.54% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.
AMX
Telecommunication Services industry group
20.98%
- Max
- 31.74%
- AMX
- 20.98%
- Q3
- 17.02%
- Median
- 7.32%
- Q1
- -5.16%
- Min
- -20.26%
TIGO
Telecommunication Services industry group
19.54%
- Max
- 31.74%
- TIGO
- 19.54%
- Q3
- 17.02%
- Median
- 7.32%
- Q1
- -5.16%
- Min
- -20.26%
Net Margin (TTM)
Both América Móvil (AMX) at 9.36% and Millicom International Cellular (TIGO) at 7.01% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
AMX
Telecommunication Services industry group
9.36%
- Max
- 30.45%
- Q3
- 11.78%
- AMX
- 9.36%
- Median
- 7.20%
- Q1
- -3.86%
- Min
- -18.49%
TIGO
Telecommunication Services industry group
7.01%
- Max
- 30.45%
- Q3
- 11.78%
- Median
- 7.20%
- TIGO
- 7.01%
- Q1
- -3.86%
- Min
- -18.49%
Operating Margin (TTM)
Millicom International Cellular (TIGO) at 26.63% operates in the top operating margin quartile, ahead of América Móvil (AMX) at 22.79%, which runs around its industry’s norm.
AMX
Telecommunication Services industry group
22.79%
- Max
- 35.53%
- AMX
- 22.79%
- Q3
- 22.79%
- Median
- 12.87%
- Q1
- 0.82%
- Min
- -29.20%
TIGO
Telecommunication Services industry group
26.63%
- Max
- 35.53%
- TIGO
- 26.63%
- Q3
- 22.79%
- Median
- 12.87%
- Q1
- 0.82%
- Min
- -29.20%
Profitability Metrics
| Metric | AMX | TIGO |
|---|---|---|
| ROE (TTM) | 20.98% | 19.54% |
| ROA (TTM) | 6.57% | 6.70% |
| Net Margin (TTM) | 9.36% | 7.01% |
| Operating Margin (TTM) | 22.79% | 26.63% |
| Gross Margin (TTM) | 62.73% | 76.25% |
Growth
Revenue Growth
América Móvil (AMX) at 8.56% is around its peer norm for revenue growth, while Millicom International Cellular (TIGO) at 0.26% drops into the bottom quartile, signaling weaker demand or pricing momentum.
EPS Growth
Both companies show strong earnings momentum, but Millicom International Cellular (TIGO) at 438.36% is the standout with EPS growth above its industry range; América Móvil (AMX) at 196.14% also sits in the top quartile.
Growth Metrics
| Metric | AMX | TIGO |
|---|---|---|
| Revenue Growth (YoY) | 8.56% | 0.26% |
| Revenue Growth (3Y CAGR) | 3.77% | 1.14% |
| EPS Growth (YoY) | 196.14% | 438.36% |
| EPS Growth (3Y CAGR) | 4.92% | 83.60% |
Financial Strength
Current Ratio (MRQ)
Both América Móvil (AMX) at 0.75 and Millicom International Cellular (TIGO) at 0.56 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.
AMX
Telecommunication Services industry group
0.75
- Max
- 2.85
- Q3
- 1.64
- Median
- 0.97
- Q1
- 0.78
- AMX
- 0.75
- Min
- 0.26
TIGO
Telecommunication Services industry group
0.56
- Max
- 2.85
- Q3
- 1.64
- Median
- 0.97
- Q1
- 0.78
- TIGO
- 0.56
- Min
- 0.26
Debt / Equity (MRQ)
América Móvil (AMX) at 1.50 is near its industry mid-range for debt-to-equity ratio, while Millicom International Cellular (TIGO) at 5.29 sits above its benchmark range, pointing to a heavier debt load relative to equity.
AMX
Telecommunication Services industry group
1.50
- Max
- 3.94
- Q3
- 2.11
- AMX
- 1.50
- Median
- 1.32
- Q1
- 0.65
- Min
- 0.00
TIGO
Telecommunication Services industry group
5.29
- TIGO
- 5.29
- Max
- 3.94
- Q3
- 2.11
- Median
- 1.32
- Q1
- 0.65
- Min
- 0.00
Financial Strength Metrics
| Metric | AMX | TIGO |
|---|---|---|
| Current Ratio (MRQ) | 0.75 | 0.56 |
| Debt / Equity (MRQ) | 1.50 | 5.29 |
| Net Debt / EBITDA | 1.90 | 3.15 |
Dividends
Dividend Yield (TTM)
Millicom International Cellular (TIGO) at 3.79% delivers top-quartile income for its industry, while América Móvil (AMX) at 2.15% pays a more typical yield — both are credible income propositions, TIGO the richer one.
AMX
Telecommunication Services industry group
2.15%
- Max
- 6.10%
- Q3
- 2.63%
- AMX
- 2.15%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
TIGO
Telecommunication Services industry group
3.79%
- Max
- 6.10%
- TIGO
- 3.79%
- Q3
- 2.63%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
América Móvil (AMX) at 36.38% pays out a band-typical share of earnings, while Millicom International Cellular (TIGO) at 88.91% distributes more than its industry norm — less retained, thinner cover.
AMX
Telecommunication Services industry group
36.38%
- Max
- 121.72%
- Q3
- 68.18%
- AMX
- 36.38%
- Median
- 4.06%
- Q1
- 0.00%
- Min
- 0.00%
TIGO
Telecommunication Services industry group
88.91%
- Max
- 121.72%
- TIGO
- 88.91%
- Q3
- 68.18%
- Median
- 4.06%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | AMX | TIGO |
|---|---|---|
| Dividend Yield (TTM) | 2.15% | 3.79% |
| Dividend Payout Ratio (TTM) | 36.38% | 88.91% |
Valuation
P/E Ratio (TTM)
América Móvil (AMX) at 14.95 is near its industry’s usual P/E ratio, while Millicom International Cellular (TIGO) at 24.70 sits in the richer quartile — TIGO needs stronger growth or earnings quality to justify the premium.
AMX
Telecommunication Services industry group
14.95
- Max
- 30.40
- Q3
- 23.75
- AMX
- 14.95
- Median
- 13.30
- Q1
- 8.65
- Min
- 2.50
TIGO
Telecommunication Services industry group
24.70
- Max
- 30.40
- TIGO
- 24.70
- Q3
- 23.75
- Median
- 13.30
- Q1
- 8.65
- Min
- 2.50
P/S Ratio (TTM)
América Móvil (AMX) at 0.08 sits in the cheaper P/S ratio quartile while Millicom International Cellular (TIGO) at 1.72 prices around its industry’s middle — AMX costs less per dollar of sales, though read it alongside growth and margins.
AMX
Telecommunication Services industry group
0.08
- Max
- 3.01
- Q3
- 1.73
- Median
- 0.81
- Q1
- 0.36
- AMX
- 0.08
- Min
- 0.00
TIGO
Telecommunication Services industry group
1.72
- Max
- 3.01
- Q3
- 1.73
- TIGO
- 1.72
- Median
- 0.81
- Q1
- 0.36
- Min
- 0.00
P/B Ratio (MRQ)
América Móvil (AMX) at 3.57 is valued about in line with its industry on P/B ratio, while Millicom International Cellular (TIGO) at 6.24 carries an above-peer premium to book — TIGO is pricier on assets.
AMX
Telecommunication Services industry group
3.57
- Max
- 8.10
- Q3
- 3.98
- AMX
- 3.57
- Median
- 1.53
- Q1
- 0.65
- Min
- -2.39
TIGO
Telecommunication Services industry group
6.24
- Max
- 8.10
- TIGO
- 6.24
- Q3
- 3.98
- Median
- 1.53
- Q1
- 0.65
- Min
- -2.39
Valuation Metrics
| Metric | AMX | TIGO |
|---|---|---|
| P/E Ratio (TTM) | 14.95 | 24.70 |
| P/S Ratio (TTM) | 0.08 | 1.72 |
| P/B Ratio (MRQ) | 3.57 | 6.24 |
| Free Cash Flow Yield (TTM) | 217.35% | 14.20% |