Millicom Historical Income Statement
| TIGO Stock | USD 26.40 0.11 0.42% |
Historical analysis of Millicom International income statement accounts such as Other Operating Expenses of 2.6 B, Operating Income of 520.8 M, EBIT of 563.7 M or Ebitda of 1.2 B can show how well Millicom International Cellular performed in making a profits. Evaluating Millicom International income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Millicom International's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Millicom International latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Millicom International is a good buy for the upcoming year.
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About Millicom Income Statement Analysis
Millicom International Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Millicom International shareholders. The income statement also shows Millicom investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Millicom International Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Millicom International generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Millicom International Cellular minus its cost of goods sold. It is profit before Millicom International operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Millicom International. It is also known as Millicom International overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Millicom International operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Millicom International Cellular is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from Millicom International's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Millicom International current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Millicom International Cellular. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. At this time, Millicom International's Minority Interest is very stable compared to the past year. As of the 25th of November 2024, Selling And Marketing Expenses is likely to grow to about 538.9 M, while Selling General Administrative is likely to drop about 549.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.3B | 4.1B | 2.2B | 2.1B | Total Revenue | 4.6B | 5.6B | 5.7B | 3.0B |
Millicom International income statement Correlations
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Millicom International Account Relationship Matchups
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High Negative Relationship
Millicom International income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 1.0B | 1.2B | 1.1B | 1.3B | 1.3B | 1.4B | |
| Selling General Administrative | 497M | 478M | 503M | 494M | 614M | 549.6M | |
| Total Revenue | 4.3B | 4.2B | 4.6B | 5.6B | 5.7B | 3.0B | |
| Gross Profit | 3.1B | 3B | 3.3B | 4.1B | 2.2B | 2.1B | |
| Other Operating Expenses | 3.9B | 3.9B | 4.2B | 4.7B | 4.8B | 2.6B | |
| Operating Income | 575M | 446M | 659M | 915M | 826M | 520.8M | |
| Ebit | 575M | 168M | 1.0B | 823M | 847M | 563.7M | |
| Cost Of Revenue | 1.2B | 1.2B | 1.3B | 1.5B | 3.5B | 3.6B | |
| Total Operating Expenses | 2.7B | 2.7B | 2.9B | 3.2B | 1.4B | 1.6B | |
| Income Before Tax | 218M | (271M) | 732M | 238M | 175M | 166.3M | |
| Total Other Income Expense Net | (357M) | (655M) | (61M) | (677M) | (651M) | (618.5M) | |
| Net Income | 98M | (373M) | 590M | 16M | (82M) | (77.9M) | |
| Income Tax Expense | 120M | 102M | 189M | 222M | 424M | 445.2M | |
| Interest Expense | 505M | 542M | 476M | 558M | 711M | 746.6M | |
| Net Income Applicable To Common Shares | 149M | (344M) | 590M | 177M | 159.3M | 317.5M | |
| Selling And Marketing Expenses | 402M | 396M | 495M | 570M | 536M | 538.9M | |
| Discontinued Operations | 57M | (12M) | (28M) | 113M | 130.0M | 136.4M | |
| Net Income From Continuing Ops | 97M | (373M) | 543M | 16M | (50M) | (47.5M) | |
| Tax Provision | 120M | 102M | 189M | 222M | 224M | 141.2M | |
| Interest Income | 20M | 13M | 23M | 18M | 26M | 24.7M | |
| Net Interest Income | (542M) | (611M) | (508M) | (599M) | (652M) | (684.6M) | |
| Reconciled Depreciation | 1.1B | 1.2B | 1.2B | 1.4B | 1.3B | 1.2B |
Pair Trading with Millicom International
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Millicom International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Millicom International will appreciate offsetting losses from the drop in the long position's value.Moving against Millicom Stock
The ability to find closely correlated positions to Millicom International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Millicom International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Millicom International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Millicom International Cellular to buy it.
The correlation of Millicom International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Millicom International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Millicom International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Millicom International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Millicom International Cellular. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
Is Wireless Telecommunication Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Millicom International. If investors know Millicom will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Millicom International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 29.194 | Earnings Share 0.92 | Revenue Per Share 34.128 | Quarterly Revenue Growth 0.005 | Return On Assets 0.0499 |
The market value of Millicom International is measured differently than its book value, which is the value of Millicom that is recorded on the company's balance sheet. Investors also form their own opinion of Millicom International's value that differs from its market value or its book value, called intrinsic value, which is Millicom International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Millicom International's market value can be influenced by many factors that don't directly affect Millicom International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Millicom International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Millicom International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Millicom International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.