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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.

Company profile comparison for América Móvil (AMX) and Millicom International Cellular (TIGO)
Profile ItemAMXTIGO
NameAmerica Movil SAB de CV ADRMillicom International Cellular S.A.
Country/RegionMexicoLuxembourg
GICS SectorCommunication ServicesCommunication Services
GICS Industry GroupTelecommunication ServicesTelecommunication Services
GICS IndustryWireless Telecommunication ServicesWireless Telecommunication Services
GICS Sub-IndustryWireless Telecommunication ServicesWireless Telecommunication Services
Market Capitalization76.79 billion USD13.96 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateFebruary 12, 2001January 9, 2019
Security TypeADRCommon Stock

Price Performance

Cumulative Growth

AMX
TIGO
GSPC
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América Móvil (AMX) vs. Millicom International Cellular (TIGO), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for América Móvil (AMX) and Millicom International Cellular (TIGO). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for América Móvil (AMX) and Millicom International Cellular (TIGO). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for América Móvil (AMX) and Millicom International Cellular (TIGO)
MetricAMXTIGO
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

AMX
TIGO
GSPC
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América Móvil (AMX) vs. Millicom International Cellular (TIGO), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for América Móvil (AMX) and Millicom International Cellular (TIGO). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for América Móvil (AMX) and Millicom International Cellular (TIGO)
MetricAMXTIGO
Volatility (1Y, Annualized)27.50%41.65%
Beta (5Y)0.560.96
Max Drawdown (5Y)-38.11%-71.26%
Avg. Volume (3M)2.89M924.74K

Risk-Adjusted Performance

Risk-Return Positioning

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AMX and TIGO are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for América Móvil (AMX) and Millicom International Cellular (TIGO)
MetricAMXTIGO
Sharpe Ratio (1Y)0.292.03
Sortino Ratio (1Y)0.463.02

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%
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América Móvil (AMX) vs. Millicom International Cellular (TIGO): A comparison of their ROE against the Telecommunication Services industry group benchmark.

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%
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América Móvil (AMX) vs. Millicom International Cellular (TIGO): A comparison of their net margin against the Telecommunication Services industry group benchmark.

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%
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América Móvil (AMX) vs. Millicom International Cellular (TIGO): A comparison of their operating margin against the Telecommunication Services industry group benchmark.

Profitability Metrics

Profitability metrics for América Móvil (AMX) and Millicom International Cellular (TIGO)
MetricAMXTIGO
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.

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América Móvil (AMX) vs. Millicom International Cellular (TIGO): A comparison of their Revenue Growth across different time periods.

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.

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América Móvil (AMX) vs. Millicom International Cellular (TIGO): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for América Móvil (AMX) and Millicom International Cellular (TIGO)
MetricAMXTIGO
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
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América Móvil (AMX) vs. Millicom International Cellular (TIGO): A comparison of their current ratio against the Telecommunication Services industry group benchmark.

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
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América Móvil (AMX) vs. Millicom International Cellular (TIGO): A comparison of their debt-to-equity ratio against the Telecommunication Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for América Móvil (AMX) and Millicom International Cellular (TIGO)
MetricAMXTIGO
Current Ratio (MRQ)0.750.56
Debt / Equity (MRQ)1.505.29
Net Debt / EBITDA1.903.15

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%
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América Móvil (AMX) vs. Millicom International Cellular (TIGO): A comparison of their dividend yield against the Telecommunication Services industry group benchmark.

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%
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América Móvil (AMX) vs. Millicom International Cellular (TIGO): A comparison of their payout ratio against the Telecommunication Services industry group benchmark.

Dividend Metrics

Dividend metrics for América Móvil (AMX) and Millicom International Cellular (TIGO)
MetricAMXTIGO
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
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América Móvil (AMX) vs. Millicom International Cellular (TIGO): A comparison of their P/E ratio against the Telecommunication Services industry group benchmark.

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
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América Móvil (AMX) vs. Millicom International Cellular (TIGO): A comparison of their P/S ratio against the Telecommunication Services industry group benchmark.

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
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América Móvil (AMX) vs. Millicom International Cellular (TIGO): A comparison of their P/B ratio against the Telecommunication Services industry group benchmark.

Valuation Metrics

Valuation metrics for América Móvil (AMX) and Millicom International Cellular (TIGO)
MetricAMXTIGO
P/E Ratio (TTM)14.9524.70
P/S Ratio (TTM)0.081.72
P/B Ratio (MRQ)3.576.24
Free Cash Flow Yield (TTM)217.35%14.20%