SKM vs. TIGO: SK Telecom vs. Millicom International Cellular Stock Comparison

November 11, 2026

How do SK Telecom (SKM) 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

SK Telecom (SKM) 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 SK Telecom (SKM) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for SK Telecom (SKM) and Millicom International Cellular (TIGO)
Profile Item	SKM	TIGO
Name	SK Telecom Co., Ltd. Sponsored ADR	Millicom International Cellular S.A.
Country/Region	South Korea	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	11.99 billion USD	13.96 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	June 27, 1996	January 9, 2019
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

SKM

TIGO

GSPC

SK Telecom (SKM) 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 SK Telecom (SKM) and Millicom International Cellular (TIGO). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for SK Telecom (SKM) 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 SK Telecom (SKM) and Millicom International Cellular (TIGO)
Metric	SKM	TIGO
Total Return (1Y)	59.22%	88.87%
Total Return (3Y, Annualized)	18.66%	85.47%
Total Return (5Y, Annualized)	6.83%	23.36%

Risk Profile

Drawdown History

SKM

TIGO

GSPC

SK Telecom (SKM) 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 SK Telecom (SKM) 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 SK Telecom (SKM) and Millicom International Cellular (TIGO)
Metric	SKM	TIGO
Volatility (1Y, Annualized)	51.22%	41.65%
Beta (5Y)	0.86	0.96
Max Drawdown (5Y)	-36.04%	-71.26%
Avg. Volume (3M)	1.45M	924.74K

Risk-Adjusted Performance

Risk-Return Positioning

SKM 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 SK Telecom (SKM) and Millicom International Cellular (TIGO)
Metric	SKM	TIGO
Sharpe Ratio (1Y)	1.07	2.03
Sortino Ratio (1Y)	1.70	3.02

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Millicom International Cellular (TIGO) earns 19.54% on shareholders’ equity, ranked against its industry; SK Telecom (SKM) has no ROE this period.

SKM

Telecommunication Services industry group

Max: 31.74%
Q3: 17.02%
Median: 7.32%
Q1: -5.16%
Min: -20.26%
SKM: --

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%

SK Telecom (SKM) vs. Millicom International Cellular (TIGO): SKM does not report ROE, so it has no value marker; TIGO is benchmarked against the Telecommunication Services industry group.

Net Margin (TTM)

Both SK Telecom (SKM) at 7.50% 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.

SKM

Telecommunication Services industry group

7.50%

Max: 30.45%
Q3: 11.78%
SKM: 7.50%
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%

SK Telecom (SKM) 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 SK Telecom (SKM) at 12.28%, which runs around its industry’s norm.

SKM

Telecommunication Services industry group

12.28%

Max: 35.53%
Q3: 22.79%
Median: 12.87%
SKM: 12.28%
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%

SK Telecom (SKM) vs. Millicom International Cellular (TIGO): A comparison of their operating margin against the Telecommunication Services industry group benchmark.

Profitability Metrics

Profitability metrics for SK Telecom (SKM) and Millicom International Cellular (TIGO)
Metric	SKM	TIGO
ROE (TTM)	--	19.54%
ROA (TTM)	--	6.70%
Net Margin (TTM)	7.50%	7.01%
Operating Margin (TTM)	12.28%	26.63%
Gross Margin (TTM)	64.61%	76.25%

Growth

Revenue Growth

Both SK Telecom (SKM) at -4.69% and Millicom International Cellular (TIGO) at 0.26% post bottom-quartile revenue growth versus peers, pointing to weaker demand or pricing momentum than typical rivals.

SK Telecom (SKM) vs. Millicom International Cellular (TIGO): A comparison of their Revenue Growth across different time periods.

EPS Growth

Millicom International Cellular (TIGO) at 438.36% clears its industry range for EPS growth, a much stronger earnings trajectory than SK Telecom (SKM) at -68.34%, which is closer to a typical peer reading.

SK Telecom (SKM) vs. Millicom International Cellular (TIGO): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for SK Telecom (SKM) and Millicom International Cellular (TIGO)
Metric	SKM	TIGO
Revenue Growth (YoY)	-4.69%	0.26%
Revenue Growth (3Y CAGR)	-0.40%	1.14%
EPS Growth (YoY)	-68.34%	438.36%
EPS Growth (3Y CAGR)	-23.75%	83.60%

Financial Strength

Current Ratio (MRQ)

SK Telecom (SKM) at 1.20 keeps current ratio within its industry’s typical mid-range, while Millicom International Cellular (TIGO) at 0.56 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for TIGO.

SKM

Telecommunication Services industry group

1.20

Max: 2.85
Q3: 1.64
SKM: 1.20
Median: 0.97
Q1: 0.78
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

SK Telecom (SKM) vs. Millicom International Cellular (TIGO): A comparison of their current ratio against the Telecommunication Services industry group benchmark.

Debt / Equity (MRQ)

SK Telecom (SKM) at 0.43 keeps leverage in the lower quartile, while Millicom International Cellular (TIGO) at 5.29 is above its industry debt-to-equity ratio range.

SKM

Telecommunication Services industry group

0.43

Max: 3.94
Q3: 2.11
Median: 1.32
Q1: 0.65
SKM: 0.43
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

SK Telecom (SKM) 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 SK Telecom (SKM) and Millicom International Cellular (TIGO)
Metric	SKM	TIGO
Current Ratio (MRQ)	1.20	0.56
Debt / Equity (MRQ)	0.43	5.29
Net Debt / EBITDA	0.90	3.15

Dividends

Dividend Yield (TTM)

SK Telecom (SKM) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Millicom International Cellular (TIGO) reports a yield of 3.79%, ranking against industry peers normally.

SKM

Telecommunication Services industry group

0.00%

Max: 6.10%
Q3: 2.63%
SKM: 0.00%
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%

SK Telecom (SKM) vs. Millicom International Cellular (TIGO): A comparison of their dividend yield against the Telecommunication Services industry group benchmark.

Dividend Payout Ratio (TTM)

SK Telecom (SKM) at 47.95% 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.

SKM

Telecommunication Services industry group

47.95%

Max: 121.72%
Q3: 68.18%
SKM: 47.95%
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%

SK Telecom (SKM) vs. Millicom International Cellular (TIGO): A comparison of their payout ratio against the Telecommunication Services industry group benchmark.

Dividend Metrics

Dividend metrics for SK Telecom (SKM) and Millicom International Cellular (TIGO)
Metric	SKM	TIGO
Dividend Yield (TTM)	0.00%	3.79%
Dividend Payout Ratio (TTM)	47.95%	88.91%

Valuation

P/E Ratio (TTM)

Both SK Telecom (SKM) at 23.84 and Millicom International Cellular (TIGO) at 24.70 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.

SKM

Telecommunication Services industry group

23.84

Max: 30.40
SKM: 23.84
Q3: 23.75
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

SK Telecom (SKM) vs. Millicom International Cellular (TIGO): A comparison of their P/E ratio against the Telecommunication Services industry group benchmark.

P/S Ratio (TTM)

SK Telecom (SKM) at 0.00 sits in the cheaper P/S ratio quartile while Millicom International Cellular (TIGO) at 1.72 prices around its industry’s middle — SKM costs less per dollar of sales, though read it alongside growth and margins.

SKM

Telecommunication Services industry group

0.00

Max: 3.01
Q3: 1.73
Median: 0.81
Q1: 0.36
SKM: 0.00
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

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

P/B Ratio (MRQ)

SK Telecom (SKM) at 1.03 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.

SKM

Telecommunication Services industry group

1.03

Max: 8.10
Q3: 3.98
Median: 1.53
SKM: 1.03
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

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

Valuation Metrics

Valuation metrics for SK Telecom (SKM) and Millicom International Cellular (TIGO)
Metric	SKM	TIGO
P/E Ratio (TTM)	23.84	24.70
P/S Ratio (TTM)	0.00	1.72
P/B Ratio (MRQ)	1.03	6.24
Free Cash Flow Yield (TTM)	--	14.20%