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TIGO vs. VOD: Millicom International Cellular vs. Vodafone Stock Comparison

How do Millicom International Cellular (TIGO) and Vodafone (VOD) 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 Vodafone (VOD) 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 Vodafone (VOD) 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 Vodafone (VOD)
Profile ItemTIGOVOD
NameMillicom International Cellular S.A.Vodafone Group plc Sponsored ADR
Country/RegionLuxembourgUnited Kingdom
GICS SectorCommunication ServicesCommunication Services
GICS Industry GroupTelecommunication ServicesTelecommunication Services
GICS IndustryWireless Telecommunication ServicesWireless Telecommunication Services
GICS Sub-IndustryWireless Telecommunication ServicesWireless Telecommunication Services
Market Capitalization13.96 billion USD36.10 billion USD
CurrencyUSDUSD
ExchangeNasdaqNasdaq
Listing DateJanuary 9, 2019November 2, 1988
Security TypeCommon StockADR

Price Performance

Cumulative Growth

TIGO
VOD
GSPC
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Millicom International Cellular (TIGO) vs. Vodafone (VOD), 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 Vodafone (VOD). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Millicom International Cellular (TIGO) and Vodafone (VOD). 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 Vodafone (VOD)
MetricTIGOVOD
Total Return (1Y)88.87%40.79%
Total Return (3Y, Annualized)85.47%26.11%
Total Return (5Y, Annualized)23.36%7.69%

Risk Profile

Drawdown History

TIGO
VOD
GSPC
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Millicom International Cellular (TIGO) vs. Vodafone (VOD), 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 Vodafone (VOD). 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 Vodafone (VOD)
MetricTIGOVOD
Volatility (1Y, Annualized)41.65%31.72%
Beta (5Y)0.960.45
Max Drawdown (5Y)-71.26%-49.24%
Avg. Volume (3M)924.74K3.38M

Risk-Adjusted Performance

Risk-Return Positioning

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TIGO and VOD 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 Vodafone (VOD)
MetricTIGOVOD
Sharpe Ratio (1Y)2.031.15
Sortino Ratio (1Y)3.021.82

Profitability

ROE (TTM)

Millicom International Cellular (TIGO) at 19.54% sits in the top ROE quartile, while Vodafone (VOD) at 0.11% 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%

VOD

Telecommunication Services industry group

0.11%

Max
31.74%
Q3
17.02%
Median
7.32%
VOD
0.11%
Q1
-5.16%
Min
-20.26%
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Millicom International Cellular (TIGO) vs. Vodafone (VOD): A comparison of their ROE against the Telecommunication Services industry group benchmark.

Net Margin (TTM)

Vodafone (VOD) reports a negative net margin of -0.98%, usually indicating a net loss over the period. Meanwhile Millicom International Cellular (TIGO) reports 7.01%, ranking against industry peers normally.

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%

VOD

Telecommunication Services industry group

-0.98%

Max
30.45%
Q3
11.78%
Median
7.20%
VOD
-0.98%
Q1
-3.86%
Min
-18.49%
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Millicom International Cellular (TIGO) vs. Vodafone (VOD): 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 Vodafone (VOD) at 7.78%, which runs around its industry’s norm.

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%

VOD

Telecommunication Services industry group

7.78%

Max
35.53%
Q3
22.79%
Median
12.87%
VOD
7.78%
Q1
0.82%
Min
-29.20%
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Millicom International Cellular (TIGO) vs. Vodafone (VOD): A comparison of their operating margin against the Telecommunication Services industry group benchmark.

Profitability Metrics

Profitability metrics for Millicom International Cellular (TIGO) and Vodafone (VOD)
MetricTIGOVOD
ROE (TTM)19.54%0.11%
ROA (TTM)6.70%1.52%
Net Margin (TTM)7.01%-0.98%
Operating Margin (TTM)26.63%7.78%
Gross Margin (TTM)76.25%31.47%

Growth

Revenue Growth

Vodafone (VOD) at 8.05% 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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Millicom International Cellular (TIGO) vs. Vodafone (VOD): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Millicom International Cellular (TIGO) reports EPS growth of 438.36%, ranked against its industry; Vodafone (VOD) has no EPS growth figure this period.

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Millicom International Cellular (TIGO) vs. Vodafone (VOD): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Millicom International Cellular (TIGO) and Vodafone (VOD)
MetricTIGOVOD
Revenue Growth (YoY)0.26%8.05%
Revenue Growth (3Y CAGR)1.14%2.41%
EPS Growth (YoY)438.36%--
EPS Growth (3Y CAGR)83.60%--

Financial Strength

Current Ratio (MRQ)

Vodafone (VOD) at 1.14 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

VOD

Telecommunication Services industry group

1.14

Max
2.85
Q3
1.64
VOD
1.14
Median
0.97
Q1
0.78
Min
0.26
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Millicom International Cellular (TIGO) vs. Vodafone (VOD): A comparison of their current ratio against the Telecommunication Services industry group benchmark.

Debt / Equity (MRQ)

Vodafone (VOD) at 1.00 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.

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

VOD

Telecommunication Services industry group

1.00

Max
3.94
Q3
2.11
Median
1.32
VOD
1.00
Q1
0.65
Min
0.00
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Millicom International Cellular (TIGO) vs. Vodafone (VOD): 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 Vodafone (VOD)
MetricTIGOVOD
Current Ratio (MRQ)0.561.14
Debt / Equity (MRQ)5.291.00
Net Debt / EBITDA3.154.46

Dividends

Dividend Yield (TTM)

Millicom International Cellular (TIGO) at 3.79% delivers top-quartile income for its industry, while Vodafone (VOD) at 0.29% pays a more typical yield — both are credible income propositions, TIGO the richer one.

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%

VOD

Telecommunication Services industry group

0.29%

Max
6.10%
Q3
2.63%
VOD
0.29%
Median
0.00%
Q1
0.00%
Min
0.00%
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Millicom International Cellular (TIGO) vs. Vodafone (VOD): A comparison of their dividend yield against the Telecommunication Services industry group benchmark.

Dividend Payout Ratio (TTM)

Vodafone (VOD) reports payout ratio above 100% at 102.64%, 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%

VOD

Telecommunication Services industry group

102.64%

Max
121.72%
VOD
102.64%
Q3
68.18%
Median
4.06%
Q1
0.00%
Min
0.00%
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Millicom International Cellular (TIGO) vs. Vodafone (VOD): A comparison of their payout ratio against the Telecommunication Services industry group benchmark.

Dividend Metrics

Dividend metrics for Millicom International Cellular (TIGO) and Vodafone (VOD)
MetricTIGOVOD
Dividend Yield (TTM)3.79%0.29%
Dividend Payout Ratio (TTM)88.91%102.64%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Millicom International Cellular (TIGO) trades at 24.70 times trailing earnings, ranked against its peers, while Vodafone (VOD) has no P/E ratio this period.

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

VOD

Telecommunication Services industry group

--

Max
30.40
Q3
23.75
Median
13.30
Q1
8.65
Min
2.50
VOD
--
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Millicom International Cellular (TIGO) vs. Vodafone (VOD): VOD does not report P/E ratio, so it has no value marker; TIGO is benchmarked against the Telecommunication Services industry group.

P/S Ratio (TTM)

On P/S ratio, both Millicom International Cellular (TIGO) at 1.72 and Vodafone (VOD) at 0.89 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

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

VOD

Telecommunication Services industry group

0.89

Max
3.01
Q3
1.73
VOD
0.89
Median
0.81
Q1
0.36
Min
0.00
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Millicom International Cellular (TIGO) vs. Vodafone (VOD): A comparison of their P/S ratio against the Telecommunication Services industry group benchmark.

P/B Ratio (MRQ)

Vodafone (VOD) at 1.26 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.

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

VOD

Telecommunication Services industry group

1.26

Max
8.10
Q3
3.98
Median
1.53
VOD
1.26
Q1
0.65
Min
-2.39
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Millicom International Cellular (TIGO) vs. Vodafone (VOD): A comparison of their P/B ratio against the Telecommunication Services industry group benchmark.

Valuation Metrics

Valuation metrics for Millicom International Cellular (TIGO) and Vodafone (VOD)
MetricTIGOVOD
P/E Ratio (TTM)24.70--
P/S Ratio (TTM)1.720.89
P/B Ratio (MRQ)6.241.26
Free Cash Flow Yield (TTM)14.20%14.32%