Millicom Ev To Free Cash Flow vs Cash Conversion Cycle Analysis

TIGO Stock

USD 24.82 0.77 3.01%

Millicom International financial indicator trend analysis is infinitely more than just investigating Millicom International recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Millicom International is a good investment. Please check the relationship between Millicom International Ev To Free Cash Flow and its Cash Conversion Cycle accounts. 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.

Ev To Free Cash Flow vs Cash Conversion Cycle

Ev To Free Cash Flow vs Cash Conversion Cycle Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Millicom International Ev To Free Cash Flow account and Cash Conversion Cycle. At this time, the significance of the direction appears to have no relationship.

The correlation between Millicom International's Ev To Free Cash Flow and Cash Conversion Cycle is 0.08. Overlapping area represents the amount of variation of Ev To Free Cash Flow that can explain the historical movement of Cash Conversion Cycle in the same time period over historical financial statements of Millicom International Cellular, assuming nothing else is changed. The correlation between historical values of Millicom International's Ev To Free Cash Flow and Cash Conversion Cycle is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ev To Free Cash Flow of Millicom International Cellular are associated (or correlated) with its Cash Conversion Cycle. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash Conversion Cycle has no effect on the direction of Ev To Free Cash Flow i.e., Millicom International's Ev To Free Cash Flow and Cash Conversion Cycle go up and down completely randomly.

Correlation Coefficient

0.08

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Ev To Free Cash Flow

A valuation metric comparing the company's enterprise value to its free cash flow, used to evaluate whether a company is undervalued or overvalued.

Cash Conversion Cycle

Most indicators from Millicom International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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.

As of the 29th of November 2024, Discontinued Operations is likely to grow to about 136.4 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

Gross Profit Total Revenue

Millicom International fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Current Deferred Revenue	Other Assets
Total Assets		0.94	0.41	0.55	0.76	0.79	0.93	0.54	0.81	0.54	0.99	0.03	0.52	0.72	0.79	0.93	0.17	0.6	0.42	0.98	0.62	0.31	0.75	0.2	-0.25	-0.22
Short Long Term Debt Total	0.94		0.16	0.39	0.63	0.65	0.99	0.29	0.7	0.49	0.95	0.0	0.51	0.54	0.74	0.98	-0.06	0.71	0.54	0.97	0.51	0.38	0.78	0.17	-0.44	-0.39
Other Current Liab	0.41	0.16		0.84	0.16	0.76	0.12	0.76	0.55	0.46	0.34	0.15	0.4	0.81	0.36	0.12	0.81	-0.12	-0.35	0.36	0.72	0.16	0.12	0.22	0.08	0.61
Total Current Liabilities	0.55	0.39	0.84		0.2	0.81	0.36	0.64	0.57	0.53	0.49	0.11	0.44	0.78	0.61	0.27	0.69	0.11	-0.18	0.54	0.73	0.64	0.28	0.21	-0.03	0.39
Total Stockholder Equity	0.76	0.63	0.16	0.2		0.54	0.62	0.52	0.66	0.38	0.77	-0.27	0.3	0.47	0.68	0.67	0.08	0.33	0.39	0.65	0.34	-0.01	0.52	0.23	0.17	-0.28
Property Plant And Equipment Net	0.79	0.65	0.76	0.81	0.54		0.61	0.77	0.86	0.71	0.74	-0.11	0.66	0.93	0.8	0.6	0.47	0.3	0.02	0.76	0.84	0.33	0.43	0.41	-0.17	0.17
Net Debt	0.93	0.99	0.12	0.36	0.62	0.61		0.28	0.68	0.4	0.94	0.02	0.42	0.51	0.71	0.98	-0.11	0.72	0.57	0.96	0.44	0.37	0.78	0.12	-0.45	-0.45
Retained Earnings	0.54	0.29	0.76	0.64	0.52	0.77	0.28		0.84	0.35	0.5	-0.2	0.26	0.8	0.46	0.28	0.58	-0.16	-0.35	0.43	0.59	0.01	0.06	0.33	-0.01	0.16
Accounts Payable	0.81	0.7	0.55	0.57	0.66	0.86	0.68	0.84		0.5	0.79	-0.22	0.45	0.83	0.71	0.69	0.32	0.29	0.06	0.76	0.68	0.13	0.38	0.37	-0.28	-0.16
Cash	0.54	0.49	0.46	0.53	0.38	0.71	0.4	0.35	0.5		0.45	-0.23	0.96	0.61	0.6	0.43	0.36	0.21	-0.01	0.53	0.84	0.29	0.25	0.56	-0.21	0.37
Non Current Assets Total	0.99	0.95	0.34	0.49	0.77	0.74	0.94	0.5	0.79	0.45		0.06	0.44	0.66	0.78	0.94	0.08	0.63	0.49	0.97	0.52	0.3	0.78	0.16	-0.25	-0.31
Non Currrent Assets Other	0.03	0.0	0.15	0.11	-0.27	-0.11	0.02	-0.2	-0.22	-0.23	0.06		-0.17	0.02	-0.28	0.02	-0.01	0.42	0.18	0.08	-0.2	0.01	0.22	-0.22	-0.11	0.05
Cash And Short Term Investments	0.52	0.51	0.4	0.44	0.3	0.66	0.42	0.26	0.45	0.96	0.44	-0.17		0.55	0.5	0.48	0.22	0.25	-0.04	0.54	0.81	0.2	0.21	0.49	-0.33	0.34
Net Receivables	0.72	0.54	0.81	0.78	0.47	0.93	0.51	0.8	0.83	0.61	0.66	0.02	0.55		0.61	0.51	0.58	0.24	-0.05	0.68	0.84	0.17	0.34	0.5	-0.16	0.19
Common Stock Shares Outstanding	0.79	0.74	0.36	0.61	0.68	0.8	0.71	0.46	0.71	0.6	0.78	-0.28	0.5	0.61		0.68	0.2	0.49	0.38	0.77	0.61	0.53	0.62	0.17	0.01	-0.13
Non Current Liabilities Total	0.93	0.98	0.12	0.27	0.67	0.6	0.98	0.28	0.69	0.43	0.94	0.02	0.48	0.51	0.68		-0.13	0.73	0.58	0.95	0.46	0.21	0.77	0.14	-0.42	-0.43
Inventory	0.17	-0.06	0.81	0.69	0.08	0.47	-0.11	0.58	0.32	0.36	0.08	-0.01	0.22	0.58	0.2	-0.13		-0.3	-0.39	0.11	0.6	0.16	0.03	0.26	0.26	0.71
Other Current Assets	0.6	0.71	-0.12	0.11	0.33	0.3	0.72	-0.16	0.29	0.21	0.63	0.42	0.25	0.24	0.49	0.73	-0.3		0.71	0.67	0.15	0.24	0.69	-0.02	-0.33	-0.46
Other Stockholder Equity	0.42	0.54	-0.35	-0.18	0.39	0.02	0.57	-0.35	0.06	-0.01	0.49	0.18	-0.04	-0.05	0.38	0.58	-0.39	0.71		0.45	-0.2	0.09	0.83	-0.05	-0.02	-0.48
Total Liab	0.98	0.97	0.36	0.54	0.65	0.76	0.96	0.43	0.76	0.53	0.97	0.08	0.54	0.68	0.77	0.95	0.11	0.67	0.45		0.62	0.38	0.77	0.17	-0.36	-0.25
Total Current Assets	0.62	0.51	0.72	0.73	0.34	0.84	0.44	0.59	0.68	0.84	0.52	-0.2	0.81	0.84	0.61	0.46	0.6	0.15	-0.2	0.62		0.27	0.2	0.44	-0.18	0.38
Short Term Debt	0.31	0.38	0.16	0.64	-0.01	0.33	0.37	0.01	0.13	0.29	0.3	0.01	0.2	0.17	0.53	0.21	0.16	0.24	0.09	0.38	0.27		0.3	-0.02	-0.14	0.01
Intangible Assets	0.75	0.78	0.12	0.28	0.52	0.43	0.78	0.06	0.38	0.25	0.78	0.22	0.21	0.34	0.62	0.77	0.03	0.69	0.83	0.77	0.2	0.3		0.07	-0.14	-0.22
Common Stock	0.2	0.17	0.22	0.21	0.23	0.41	0.12	0.33	0.37	0.56	0.16	-0.22	0.49	0.5	0.17	0.14	0.26	-0.02	-0.05	0.17	0.44	-0.02	0.07		-0.41	0.17
Current Deferred Revenue	-0.25	-0.44	0.08	-0.03	0.17	-0.17	-0.45	-0.01	-0.28	-0.21	-0.25	-0.11	-0.33	-0.16	0.01	-0.42	0.26	-0.33	-0.02	-0.36	-0.18	-0.14	-0.14	-0.41		0.25
Other Assets	-0.22	-0.39	0.61	0.39	-0.28	0.17	-0.45	0.16	-0.16	0.37	-0.31	0.05	0.34	0.19	-0.13	-0.43	0.71	-0.46	-0.48	-0.25	0.38	0.01	-0.22	0.17	0.25

Click cells to compare fundamentals

Millicom International Account Relationship Matchups

Millicom International fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	12.9B	12.4B	15.1B	14.2B	14.5B	15.2B
Short Long Term Debt Total	7.0B	6.7B	8.9B	7.8B	7.7B	8.1B
Other Current Liab	1.8B	1.6B	1.6B	1.3B	1.4B	916.8M
Total Current Liabilities	2.4B	2.6B	4.5B	2.1B	2.3B	1.7B
Total Stockholder Equity	2.4B	2.1B	2.6B	3.6B	3.5B	3.7B
Property Plant And Equipment Net	3.9B	3.7B	4.2B	3.9B	4.0B	2.2B
Net Debt	5.9B	5.8B	8.0B	6.8B	7.0B	7.3B
Retained Earnings	2.4B	2.0B	2.6B	2.9B	2.7B	1.4B
Cash	1.2B	875M	895M	1.0B	775M	633.7M
Non Current Assets Total	10.2B	10.1B	12.9B	12.1B	12.6B	13.2B
Non Currrent Assets Other	109M	198M	127M	105M	96M	183.3M
Cash And Short Term Investments	1.5B	1.0B	895M	1.0B	775M	687.0M
Net Receivables	560M	684M	620M	699M	525M	386.7M
Common Stock Shares Outstanding	128.8M	128.9M	164.5M	139.7M	171.4M	126.4M
Liabilities And Stockholders Equity	12.9B	12.4B	15.1B	14.2B	14.5B	15.2B
Non Current Liabilities Total	7.8B	7.5B	7.9B	8.4B	8.7B	9.2B
Inventory	39M	32M	37M	63M	53M	48.8M
Other Current Assets	181M	853M	507M	371M	570M	598.5M
Other Stockholder Equity	(50M)	431M	415M	1.0B	1.1B	1.1B
Total Liab	10.2B	10.1B	12.4B	10.6B	11.1B	11.6B
Total Current Assets	2.6B	2.3B	2.3B	2.1B	1.9B	1.5B
Short Term Debt	283M	236M	2.0B	162M	410M	381.8M
Intangible Assets	1.5B	1.7B	2.8B	3.3B	3.7B	3.9B
Common Stock	633M	630M	628M	1.3B	258M	245.1M
Current Deferred Revenue	82M	90M	97M	88M	252M	238.0M
Long Term Debt	5.8B	5.6B	5.9B	6.6B	6.5B	3.3B
Good Will	1.7B	1.7B	4.9B	4.1B	4.1B	4.3B
Property Plant Equipment	3.9B	3.7B	4.2B	3.9B	4.5B	2.7B
Property Plant And Equipment Gross	3.9B	3.6B	4.2B	3.9B	11.7B	12.2B
Other Liab	669M	1.0B	1.0B	915M	1.1B	1.1B
Net Tangible Assets	(785M)	(1.3B)	(5.1B)	(3.8B)	(3.4B)	(3.2B)
Long Term Investments	2.8B	2.7B	618M	590M	576M	547.2M
Short Long Term Debt	186M	113M	1.8B	180M	221M	383.2M

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

0.53	EA	Electronic Arts	Pair Corr
0.37	LBTYA	Liberty Global PLC	Pair Corr
0.32	DJCO	Daily Journal Corp	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Millicom International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Millicom International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Millicom International Cellular Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Millicom International Cellular Stock:

How To Invest In Millicom

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Is Millicom Stock a good investment?

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What is Millicom International's Net Worth?

Details

Largest Wireless Telecommunication Services Companies

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Largest Telecommunication Services Companies

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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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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.

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Millicom Ev To Free Cash Flow vs Cash Conversion Cycle Analysis

Ev To Free Cash Flow vs Cash Conversion Cycle

Ev To Free Cash Flow vs Cash Conversion Cycle Correlation Analysis

Correlation Coefficient

Ev To Free Cash Flow

Cash Conversion Cycle

Millicom International fundamental ratios Correlations

Millicom International Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Millicom International fundamental ratios Accounts

Pair Trading with Millicom International

Moving against Millicom Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 0.99	Total Assets
Net Debt	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.98	Total Assets
Non Current Liabilities Total	+ 0.98	Short Long Term Debt Total
Non Current Liabilities Total	+ 0.98	Net Debt
Total Liab	+ 0.97	Short Long Term Debt Total

Other Assets	- 0.48	Other Stockholder Equity
Other Assets	- 0.46	Other Current Assets
Other Assets	- 0.45	Net Debt
Current Deferred Revenue	- 0.45	Net Debt
Current Deferred Revenue	- 0.44	Short Long Term Debt Total
Other Assets	- 0.43	Non Current Liabilities Total