Millicom International Cellular (STU:M4M1) EBIT: €1,882 Mil (TTM As of Mar. 2026)

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STU:M4M1 Millicom International Cellular SA STU:M4M1
63 GF Score
Price €82.00
GF Value €29.76
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Millicom International Cellular EBIT?

Millicom International Cellular STU:M4M1 -1.80% 63 EBIT is €1,882 Mil as of Mar. 2026. GuruFocus rates STU:M4M1 with a GF Score™ of 63/100 and a GF Value™ of €29.76 (Significantly Overvalued). The stock has 10 warning signs investors should review.

Millicom International Cellular's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €309 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €1,882 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Millicom International Cellular's annualized ROC % for the quarter that ended in Mar. 2026 was 4.78%. Millicom International Cellular's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 22.05%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Millicom International Cellular's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.13%.

Millicom International Cellular  (STU:M4M1) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Millicom International Cellular's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=1477.42 * ( 1 - 50.65% )/( (13149.038 + 17357.955)/ 2 )
=729.10677/15253.4965
=4.78 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=14734.062 - 1932.602 - ( 1325.408 - max(0, 2895.914 - 2548.336+1325.408))
=13149.038

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=17945.29 - 2267.165 - ( 1018.105 - max(0, 4365.655 - 2685.825+1018.105))
=17357.955

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Millicom International Cellular's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1235.22/( ( (4757.634 + max(-1519.266, 0)) + (6445.115 + max(-1881.375, 0)) )/ 2 )
=1235.22/( ( 4757.634 + 6445.115 )/ 2 )
=1235.22/5601.3745
=22.05 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(450.058 + 59.78 + 335.622) - (1932.602 + 252.784 + 179.34)
=-1519.266

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(557.925 + 83.905 + 492.185) - (2267.165 + 182.515 + 565.71)
=-1881.375

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Millicom International Cellular's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=1881.714/23148.627
=8.13 %

* 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.

Millicom International Cellular EBIT Related Terms

Millicom International Cellular EBIT Historical Data

* Premium members only.

The historical data trend for Millicom International Cellular's EBIT 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.

Millicom International Cellular EBIT Chart

Millicom International Cellular Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,035.45 751.42 705.17 1,072.47 1,924.92

Millicom International Cellular Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 391.28 788.10 372.32 412.48 308.81

STU:M4M1 vs CHTR, GSAT, LUMN: EBIT Comparison

For the Telecom Services subindustry, Millicom International Cellular's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Millicom International Cellular's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Millicom International Cellular's EV-to-EBIT falls into.


STU:M4M1
63GF Score
Millicom International Cellular SA STU:M4M1
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Millicom International Cellular EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,882 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €1,882 Mil mean?
Millicom International Cellular (STU:M4M1) has a EBIT of €1,882 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Millicom International Cellular.
Is Millicom International Cellular's EBIT too high?
Millicom International Cellular's current EBIT is €1,882 Mil. Overall, Millicom International Cellular has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Millicom International Cellular's EBIT compare to CHTR and GSAT?
Millicom International Cellular's EBIT of €1,882 Mil can be compared against companies in the Telecommunication Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Telecommunication Services company?
A good EBIT depends on the Telecommunication Services industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Millicom International Cellular. Millicom International Cellular's current EBIT is €1,882 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millicom International Cellular stock overvalued right now?
Based on GuruFocus' analysis, Millicom International Cellular (STU:M4M1) is currently considered Significantly Overvalued. The stock's GF Value™ is €29.76, compared to a current price of €82.00 — trading 175.5% above its estimated fair value. The current EBIT is €1,882 Mil. Millicom International Cellular's overall GF Score™ is 63/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Millicom International Cellular (STU:M4M1), the current EBIT is €1,882 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Millicom International Cellular (STU:M4M1) Overvalued in 2026?

Based on GuruFocus' analysis, Millicom International Cellular stock appears to be overvalued. The current stock price of €82.00 is trading 175.5% above its estimated GF Value™ of €29.76. GuruFocus considers Millicom International Cellular to be Significantly Overvalued.

Key valuation signals for STU:M4M1:

  • EBIT: €1,882 Mil
  • GF Value™: €29.76 vs. price of €82.00 (175.5% above fair value)
  • GF Score™: 63/100 with 10 warning signs

No single metric tells the full story. See the STU:M4M1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Millicom International Cellular Business Description

Other Exchanges TIGO:USAM4M1:Germany
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, Nicaragua, Panama, El Salvador, Guatemala, Paraguay, Colombia, Ecuador, Uruguay, and Honduras (67% but not controlled or consolidated in the firm's financial statements). The firm's wireless networks cover about 145 million people, serving nearly 60 million customers. Its fixed-line networks reach 22 million homes, serving about 5.6 million broadband customers. Increasingly, Millicom offers converged packages that include broadband with wireless services. The firm also formed a joint venture to acquire Telefónica's operations in Chile.
63GF Score

Get the complete analysis for STU:M4M1

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€82.00
Price
€29.76
GF Value