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TIGO vs. TLK: Millicom International Cellular vs. Telekomunikasi Indonesia Stock Comparison

How do Millicom International Cellular (TIGO) and Telekomunikasi Indonesia (TLK) 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

Millicom International Cellular (TIGO) and Telekomunikasi Indonesia (TLK) both fall under the Telecommunication Services industry group, but TIGO is classified in Wireless Telecommunication Services while TLK is classified in Diversified Telecommunication Services.

Millicom International Cellular (TIGO) trades as ordinary local shares, while Telekomunikasi Indonesia (TLK) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Millicom International Cellular (TIGO) and Telekomunikasi Indonesia (TLK)
Profile ItemTIGOTLK
NameMillicom International Cellular S.A.PT Telkom Indonesia (Persero) Tbk ADR
Country/RegionLuxembourgIndonesia
GICS SectorCommunication ServicesCommunication Services
GICS Industry GroupTelecommunication ServicesTelecommunication Services
GICS IndustryWireless Telecommunication ServicesDiversified Telecommunication Services
GICS Sub-IndustryWireless Telecommunication ServicesIntegrated Telecommunication Services
Market Capitalization13.96 billion USD10.95 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateJanuary 9, 2019November 14, 1995
Security TypeCommon StockADR

Price Performance

Cumulative Growth

TIGO
TLK
GSPC
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Millicom International Cellular (TIGO) vs. Telekomunikasi Indonesia (TLK), 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 Millicom International Cellular (TIGO) and Telekomunikasi Indonesia (TLK). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Millicom International Cellular (TIGO) and Telekomunikasi Indonesia (TLK)
MetricTIGOTLK
Total Return (1Y)88.87%-40.67%
Total Return (3Y, Annualized)85.47%-14.80%
Total Return (5Y, Annualized)23.36%-10.13%

Risk Profile

Drawdown History

TIGO
TLK
GSPC
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Millicom International Cellular (TIGO) vs. Telekomunikasi Indonesia (TLK), 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 Millicom International Cellular (TIGO) and Telekomunikasi Indonesia (TLK). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Millicom International Cellular (TIGO) and Telekomunikasi Indonesia (TLK)
MetricTIGOTLK
Volatility (1Y, Annualized)41.65%37.07%
Beta (5Y)0.960.42
Max Drawdown (5Y)-71.26%-57.78%
Avg. Volume (3M)924.74K1.48M

Risk-Adjusted Performance

Risk-Return Positioning

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TIGO and TLK 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 Millicom International Cellular (TIGO) and Telekomunikasi Indonesia (TLK)
MetricTIGOTLK
Sharpe Ratio (1Y)2.03-1.21
Sortino Ratio (1Y)3.02-1.51

Profitability

ROE (TTM)

Millicom International Cellular (TIGO) at 19.54% sits in the top ROE quartile, while Telekomunikasi Indonesia (TLK) at 16.30% is closer to the peer norm — stronger capital efficiency for TIGO.

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%

TLK

Telecommunication Services industry group

16.30%

Max
31.74%
Q3
17.02%
TLK
16.30%
Median
7.32%
Q1
-5.16%
Min
-20.26%
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Millicom International Cellular (TIGO) vs. Telekomunikasi Indonesia (TLK): A comparison of their ROE against the Telecommunication Services industry group benchmark.

Net Margin (TTM)

Both Millicom International Cellular (TIGO) at 7.01% and Telekomunikasi Indonesia (TLK) at 11.44% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

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%

TLK

Telecommunication Services industry group

11.44%

Max
30.45%
Q3
11.78%
TLK
11.44%
Median
7.20%
Q1
-3.86%
Min
-18.49%
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Millicom International Cellular (TIGO) vs. Telekomunikasi Indonesia (TLK): A comparison of their net margin against the Telecommunication Services industry group benchmark.

Operating Margin (TTM)

Millicom International Cellular (TIGO) at 26.63% carries a top-quartile operating margin, while Telekomunikasi Indonesia (TLK) at 0.00% operates in the bottom quartile.

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%

TLK

Telecommunication Services industry group

0.00%

Max
35.53%
Q3
22.79%
Median
12.87%
Q1
0.82%
TLK
0.00%
Min
-29.20%
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Millicom International Cellular (TIGO) vs. Telekomunikasi Indonesia (TLK): A comparison of their operating margin against the Telecommunication Services industry group benchmark.

Profitability Metrics

Profitability metrics for Millicom International Cellular (TIGO) and Telekomunikasi Indonesia (TLK)
MetricTIGOTLK
ROE (TTM)19.54%16.30%
ROA (TTM)6.70%7.97%
Net Margin (TTM)7.01%11.44%
Operating Margin (TTM)26.63%0.00%
Gross Margin (TTM)76.25%59.70%

Growth

Revenue Growth

Both Millicom International Cellular (TIGO) at 0.26% and Telekomunikasi Indonesia (TLK) at -2.15% post bottom-quartile revenue growth versus peers, pointing to weaker demand or pricing momentum than typical rivals.

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Millicom International Cellular (TIGO) vs. Telekomunikasi Indonesia (TLK): 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 Telekomunikasi Indonesia (TLK) at -24.67%, which is closer to a typical peer reading.

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Millicom International Cellular (TIGO) vs. Telekomunikasi Indonesia (TLK): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Millicom International Cellular (TIGO) and Telekomunikasi Indonesia (TLK)
MetricTIGOTLK
Revenue Growth (YoY)0.26%-2.15%
Revenue Growth (3Y CAGR)1.14%-0.13%
EPS Growth (YoY)438.36%-24.67%
EPS Growth (3Y CAGR)83.60%-4.96%

Financial Strength

Current Ratio (MRQ)

Telekomunikasi Indonesia (TLK) at 0.81 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.

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

TLK

Telecommunication Services industry group

0.81

Max
2.85
Q3
1.64
Median
0.97
TLK
0.81
Q1
0.78
Min
0.26
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Millicom International Cellular (TIGO) vs. Telekomunikasi Indonesia (TLK): A comparison of their current ratio against the Telecommunication Services industry group benchmark.

Debt / Equity (MRQ)

Telekomunikasi Indonesia (TLK) at 0.56 keeps leverage in the lower quartile, while Millicom International Cellular (TIGO) at 5.29 is above its industry debt-to-equity ratio range.

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

TLK

Telecommunication Services industry group

0.56

Max
3.94
Q3
2.11
Median
1.32
Q1
0.65
TLK
0.56
Min
0.00
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Millicom International Cellular (TIGO) vs. Telekomunikasi Indonesia (TLK): A comparison of their debt-to-equity ratio against the Telecommunication Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Millicom International Cellular (TIGO) and Telekomunikasi Indonesia (TLK)
MetricTIGOTLK
Current Ratio (MRQ)0.560.81
Debt / Equity (MRQ)5.290.56
Net Debt / EBITDA3.15--

Dividends

Dividend Yield (TTM)

Telekomunikasi Indonesia (TLK) 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.

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%

TLK

Telecommunication Services industry group

0.00%

Max
6.10%
Q3
2.63%
TLK
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Millicom International Cellular (TIGO) vs. Telekomunikasi Indonesia (TLK): A comparison of their dividend yield against the Telecommunication Services industry group benchmark.

Dividend Payout Ratio (TTM)

Telekomunikasi Indonesia (TLK) reports payout ratio above 100% at 121.72%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Millicom International Cellular (TIGO) reports 88.91%, ranking against industry peers normally.

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%

TLK

Telecommunication Services industry group

121.72%

TLK
121.72%
Max
121.72%
Q3
68.18%
Median
4.06%
Q1
0.00%
Min
0.00%
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Millicom International Cellular (TIGO) vs. Telekomunikasi Indonesia (TLK): A comparison of their payout ratio against the Telecommunication Services industry group benchmark.

Dividend Metrics

Dividend metrics for Millicom International Cellular (TIGO) and Telekomunikasi Indonesia (TLK)
MetricTIGOTLK
Dividend Yield (TTM)3.79%0.00%
Dividend Payout Ratio (TTM)88.91%121.72%

Valuation

P/E Ratio (TTM)

Telekomunikasi Indonesia (TLK) at 11.71 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.

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

TLK

Telecommunication Services industry group

11.71

Max
30.40
Q3
23.75
Median
13.30
TLK
11.71
Q1
8.65
Min
2.50
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Millicom International Cellular (TIGO) vs. Telekomunikasi Indonesia (TLK): A comparison of their P/E ratio against the Telecommunication Services industry group benchmark.

P/S Ratio (TTM)

A sales-based read is only available for Millicom International Cellular (TIGO), whose P/S ratio of 1.72 ranks against industry peers; Telekomunikasi Indonesia (TLK) reports no figure this period.

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

TLK

Telecommunication Services industry group

--

Max
3.01
Q3
1.73
Median
0.81
Q1
0.36
Min
0.00
TLK
--
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Millicom International Cellular (TIGO) vs. Telekomunikasi Indonesia (TLK): TLK does not report P/S ratio, so it has no value marker; TIGO is benchmarked against the Telecommunication Services industry group.

P/B Ratio (MRQ)

Telekomunikasi Indonesia (TLK) at 0.01 looks cheap against book in the lower P/B ratio quartile, while Millicom International Cellular (TIGO) at 6.24 carries a premium in the upper quartile — a clear price-to-book gap.

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

TLK

Telecommunication Services industry group

0.01

Max
8.10
Q3
3.98
Median
1.53
Q1
0.65
TLK
0.01
Min
-2.39
Loading chart…
Millicom International Cellular (TIGO) vs. Telekomunikasi Indonesia (TLK): A comparison of their P/B ratio against the Telecommunication Services industry group benchmark.

Valuation Metrics

Valuation metrics for Millicom International Cellular (TIGO) and Telekomunikasi Indonesia (TLK)
MetricTIGOTLK
P/E Ratio (TTM)24.7011.71
P/S Ratio (TTM)1.72--
P/B Ratio (MRQ)6.240.01
Free Cash Flow Yield (TTM)14.20%293,224.69%