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Millicom International Cellular (OSTO:TIGO SDB) Cyclically Adjusted FCF per Share : kr11.40 (As of Mar. 2025)


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What is Millicom International Cellular Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Millicom International Cellular's adjusted free cash flow per share for the three months ended in Mar. 2025 was kr7.857. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is kr11.40 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Millicom International Cellular's average Cyclically Adjusted FCF Growth Rate was 57.50% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -8.50% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -22.50% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -20.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Millicom International Cellular was 29.70% per year. The lowest was -32.30% per year. And the median was 1.60% per year.

As of today (2025-06-03), Millicom International Cellular's current stock price is kr300.00. Millicom International Cellular's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was kr11.40. Millicom International Cellular's Cyclically Adjusted Price-to-FCF of today is 26.32.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Millicom International Cellular was 34.11. The lowest was 5.34. And the median was 11.19.


Millicom International Cellular Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Millicom International Cellular's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Millicom International Cellular Cyclically Adjusted FCF per Share Chart

Millicom International Cellular Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.80 13.42 10.57 7.61 12.14

Millicom International Cellular Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.87 9.35 9.46 12.14 11.40

Competitive Comparison of Millicom International Cellular's Cyclically Adjusted FCF per Share

For the Telecom Services subindustry, Millicom International Cellular's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Millicom International Cellular's Cyclically Adjusted Price-to-FCF Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Millicom International Cellular's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Millicom International Cellular's Cyclically Adjusted Price-to-FCF falls into.


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Millicom International Cellular Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Millicom International Cellular's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=7.857/134.9266*134.9266
=7.857

Current CPI (Mar. 2025) = 134.9266.

Millicom International Cellular Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 5.637 100.684 7.554
201509 10.559 100.392 14.191
201512 9.584 99.792 12.958
201603 -8.679 100.470 -11.655
201606 3.639 101.688 4.828
201609 3.872 101.861 5.129
201612 2.521 101.863 3.339
201703 -1.255 102.862 -1.646
201706 -0.610 103.349 -0.796
201709 0.688 104.136 0.891
201712 3.479 104.011 4.513
201803 -5.715 105.290 -7.324
201806 1.302 106.317 1.652
201809 2.993 106.507 3.792
201812 2.742 105.998 3.490
201903 -7.366 107.251 -9.267
201906 -1.972 108.070 -2.462
201909 -0.678 108.329 -0.844
201912 2.342 108.420 2.915
202003 -12.533 108.902 -15.528
202006 1.445 108.767 1.793
202009 1.924 109.815 2.364
202012 7.305 109.897 8.969
202103 -11.034 111.754 -13.322
202106 0.972 114.631 1.144
202109 3.807 115.734 4.438
202112 12.454 117.630 14.285
202203 -3.140 121.301 -3.493
202206 1.849 125.017 1.996
202209 1.784 125.227 1.922
202212 12.321 125.222 13.276
202303 -8.802 127.348 -9.326
202306 0.124 128.729 0.130
202309 8.190 129.860 8.510
202312 3.225 129.419 3.362
202403 -0.604 131.776 -0.618
202406 18.135 132.554 18.460
202409 16.826 133.029 17.066
202412 16.600 133.157 16.821
202503 7.857 134.927 7.857

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Millicom International Cellular  (OSTO:TIGO SDB) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Millicom International Cellular's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=300.00/11.40
=26.32

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Millicom International Cellular was 34.11. The lowest was 5.34. And the median was 11.19.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Millicom International Cellular Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Millicom International Cellular's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Millicom International Cellular Business Description

Traded in Other Exchanges
Address
8400 NW 36th Street, Suite 530, Doral, FL, USA, 33166
Millicom offers wireless and fixed-line telecom services primarily in smaller, less developed countries in Latin America. Countries served include Bolivia (100% owned), Nicaragua (100%), Panama (100%), El Salvador (100%), Guatemala (100%), Paraguay (100%), Colombia (50%), and Honduras (67% but not controlled or consolidated in the firm's financial statements). The firm's wireless networks cover about 120 million people, serving 42 million customers. Its fixed-line networks reach 14 million homes, serving about 4 million broadband customers. Increasingly, Millicom offers converged packages that include broadband with wireless services. The firm has agreed to sell the majority of its wireless towers to SBA Communications for $975 million.

Millicom International Cellular Headlines

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