Millicom Pretax Profit Margin vs Operating Profit Margin Analysis

TIGO Stock  USD 26.91  0.26  0.98%   
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 Pretax Profit Margin and its Operating Profit Margin 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.

Pretax Profit Margin vs Operating Profit Margin

JavaScript chart by amCharts 3.21.1520162018202020222024-0.0500.050.100.150.200.250.300.350.400.45 0.1100.1150.1200.1250.1300.1350.1400.1450.1500.1550.160
JavaScript chart by amCharts 3.21.15Pretax Profit Margintotal: 0.8245534254674616Operating Profit Margintotal: 1.6262265291206197

Pretax Profit Margin vs Operating Profit Margin Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Millicom International Pretax Profit Margin account and Operating Profit Margin. At this time, the significance of the direction appears to have very week relationship.
Pretax Profit MarginOperating Profit MarginDiversified AwayPretax Profit MarginOperating Profit MarginDiversified Away100%
The correlation between Millicom International's Pretax Profit Margin and Operating Profit Margin is 0.26. Overlapping area represents the amount of variation of Pretax Profit Margin that can explain the historical movement of Operating Profit Margin 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 Pretax Profit Margin and Operating Profit Margin is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pretax Profit Margin of Millicom International Cellular are associated (or correlated) with its Operating Profit Margin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Profit Margin has no effect on the direction of Pretax Profit Margin i.e., Millicom International's Pretax Profit Margin and Operating Profit Margin go up and down completely randomly.

Correlation Coefficient

0.26
Relationship DirectionPositive 
Relationship StrengthVery Weak

Pretax Profit Margin

Operating Profit Margin

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.
At this time, Millicom International's Discontinued Operations is very stable compared to the past year. As of the 23rd of February 2025, Sales General And Administrative To Revenue is likely to grow to 0.12, while Selling General Administrative is likely to drop about 549.6 M.
 2022 2023 2024 2025 (projected)
Gross Profit4.1B2.2B2.5B2.1B
Total Revenue5.6B5.7B6.5B6.8B

Millicom International fundamental ratios Correlations

0.950.350.470.810.960.940.670.780.490.99-0.310.470.640.760.950.110.680.560.990.560.280.810.17-0.13-0.29
0.950.130.340.710.851.00.460.70.450.96-0.340.460.50.730.98-0.10.770.650.980.470.340.830.15-0.3-0.44
0.350.130.840.110.570.090.670.520.460.280.320.40.810.290.090.8-0.11-0.310.310.710.160.090.140.090.59
0.470.340.840.160.640.310.560.540.530.410.250.440.780.490.220.680.09-0.160.470.730.640.220.14-0.020.38
0.810.710.110.160.760.70.670.650.350.82-0.590.270.420.680.740.020.460.540.720.32-0.010.650.190.24-0.34
0.960.850.570.640.760.820.750.760.60.93-0.20.560.760.730.830.340.560.40.930.690.290.730.22-0.04-0.03
0.941.00.090.310.70.820.450.680.370.95-0.340.380.460.710.98-0.140.770.670.970.410.330.830.1-0.3-0.49
0.670.460.670.560.670.750.450.770.30.65-0.180.230.720.420.460.520.06-0.060.580.530.00.30.210.060.04
0.780.70.520.540.650.760.680.770.50.76-0.210.430.80.750.690.260.370.20.740.660.120.450.2-0.16-0.23
0.490.450.460.530.350.60.370.30.50.41-0.160.960.610.530.40.350.220.020.490.840.290.240.5-0.180.34
0.990.960.280.410.820.930.950.650.760.41-0.310.390.590.750.950.030.710.620.980.470.270.840.13-0.13-0.37
-0.31-0.340.320.25-0.59-0.2-0.34-0.18-0.21-0.16-0.31-0.110.14-0.36-0.360.090.02-0.28-0.26-0.090.03-0.270.0-0.230.26
0.470.460.40.440.270.560.380.230.430.960.39-0.110.550.420.430.210.23-0.020.490.810.20.190.45-0.310.32
0.640.50.810.780.420.760.460.720.80.610.590.140.550.540.460.560.23-0.020.610.840.170.30.41-0.140.16
0.760.730.290.490.680.730.710.420.750.530.75-0.360.420.540.70.10.560.520.740.540.420.68-0.050.15-0.23
0.950.980.090.220.740.830.980.460.690.40.95-0.360.430.460.7-0.160.780.680.960.420.180.830.11-0.26-0.47
0.11-0.10.80.680.020.34-0.140.520.260.350.030.090.210.560.1-0.16-0.31-0.380.060.580.16-0.030.260.230.71
0.680.77-0.110.090.460.560.770.060.370.220.710.020.230.230.560.78-0.310.770.730.160.220.76-0.02-0.2-0.5
0.560.65-0.31-0.160.540.40.67-0.060.20.020.62-0.28-0.02-0.020.520.68-0.380.770.58-0.140.090.88-0.040.08-0.51
0.990.980.310.470.720.930.970.580.740.490.98-0.260.490.610.740.960.060.730.580.560.340.820.14-0.23-0.31
0.560.470.710.730.320.690.410.530.660.840.47-0.090.810.840.540.420.580.16-0.140.560.270.20.35-0.150.34
0.280.340.160.64-0.010.290.330.00.120.290.270.030.20.170.420.180.160.220.090.340.270.25-0.04-0.130.01
0.810.830.090.220.650.730.830.30.450.240.84-0.270.190.30.680.83-0.030.760.880.820.20.250.06-0.01-0.29
0.170.150.140.140.190.220.10.210.20.50.130.00.450.41-0.050.110.26-0.02-0.040.140.35-0.040.06-0.440.16
-0.13-0.30.09-0.020.24-0.04-0.30.06-0.16-0.18-0.13-0.23-0.31-0.140.15-0.260.23-0.20.08-0.23-0.15-0.13-0.01-0.440.2
-0.29-0.440.590.38-0.34-0.03-0.490.04-0.230.34-0.370.260.320.16-0.23-0.470.71-0.5-0.51-0.310.340.01-0.290.160.2
Click cells to compare fundamentals

Millicom International Account Relationship Matchups

Millicom International fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets12.4B15.1B14.2B14.5B16.7B17.5B
Short Long Term Debt Total6.7B8.9B7.8B7.7B8.9B9.3B
Other Current Liab1.6B1.6B1.3B1.4B1.7B916.8M
Total Current Liabilities2.6B4.5B2.1B2.3B2.7B1.7B
Total Stockholder Equity2.1B2.6B3.6B3.5B4.1B4.3B
Property Plant And Equipment Net3.7B4.2B3.9B4.0B4.6B4.8B
Net Debt5.8B8.0B6.8B7.0B8.0B8.4B
Retained Earnings2.0B2.6B2.9B2.7B3.1B3.3B
Cash875M895M1.0B775M891.3M633.7M
Non Current Assets Total10.1B12.9B12.1B12.6B14.5B15.2B
Non Currrent Assets Other198M127M105M96M86.4M82.1M
Cash And Short Term Investments1.0B895M1.0B775M891.3M687.0M
Net Receivables684M620M699M525M603.8M386.7M
Common Stock Shares Outstanding128.9M164.5M139.7M171.4M197.1M126.4M
Liabilities And Stockholders Equity12.4B15.1B14.2B14.5B16.7B17.5B
Non Current Liabilities Total7.5B7.9B8.4B8.7B10.1B10.6B
Inventory32M37M63M53M51.8M48.8M
Other Current Assets853M507M371M570M655.5M688.3M
Other Stockholder Equity431M415M1.0B1.1B1.2B1.3B
Total Liab10.1B12.4B10.6B11.1B12.7B13.4B
Total Current Assets2.3B2.3B2.1B1.9B2.2B1.5B
Short Term Debt236M2.0B162M410M471.5M381.8M
Intangible Assets1.7B2.8B3.3B3.7B4.2B4.4B
Common Stock630M628M1.3B258M296.7M571.7M
Current Deferred Revenue90M97M88M252M289.8M238.0M
Long Term Debt5.6B5.9B6.6B6.5B7.4B7.8B
Good Will1.7B4.9B4.1B4.1B4.7B5.0B
Property Plant Equipment3.9B3.7B4.2B3.9B4.5B2.7B
Property Plant And Equipment Gross3.6B4.2B3.9B11.7B13.4B14.1B
Other Liab669M1.0B1.0B915M1.1B1.1B
Net Tangible Assets(785M)(1.3B)(5.1B)(3.8B)(3.4B)(3.2B)
Long Term Investments2.7B618M590M576M518.4M492.5M
Short Long Term Debt113M1.8B180M221M254.2M383.2M

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

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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 CorrelationCorrelation 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:
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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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
Dividend Share
1
Earnings Share
0.92
Revenue Per Share
34.128
Quarterly Revenue Growth
0.005
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.