<ul>
<li>Millicom International Cellular 发布了 2025 年第三季度的财报，显示净收入为 1.95 亿美元，销售额为 14.2 亿美元，与去年同期相比每股收益有显著改善。</li>
<li>运营表现受益于最近在乌拉圭和厄瓜多尔的收购，财务结果超出季度和年初至今的预期。</li>
<li>我们将探讨 Millicom 显著提高的盈利能力和最近的收购如何在不断变化的地区条件下重塑其投资前景。</li>
</ul>
<p>这 12 家公司在 COVID 后生存并蓬勃发展，具备应对特朗普关税的必要条件。在您的投资组合感受到贸易战的压力之前，了解原因。</p>
<h2>Millicom International Cellular 投资叙述回顾</h2>
<p>成为 Millicom International Cellular 的股东，您必须相信其能够将持续的并购活动、扩展的后付费移动市场和高运营效率转化为持续的收益和现金流增长，尽管面临竞争压力和拉美货币的风险。公司的最新业绩显示，盈利能力显著上升，伴随在乌拉圭和厄瓜多尔的最近收购，这可能强化当前的投资案例。Millicom 的主要风险仍然是来自竞争加剧和高资本支出要求的潜在收入压力，而短期内的关键催化剂仍然是通过整合新资产实现的利润扩张；本季度的消息并未实质性改变这些动态。</p>
<p>在最近的公告中，6 月和 5 月批准的特别和定期股息分配尤为相关，突显管理层在净收入上升和强劲现金流生成期间向股东返还资本的承诺。这一分配强调了持续运营表现的重要性，尤其是在一次性收益和非有机增长已成为近期头条数字的主要贡献者的情况下。</p>
<p>相反，投资者应意识到，尽管 Millicom 的利润激增看起来很吸引人，但其盈利质量受到异常大的一次性收益的影响……</p>
<p>阅读 Millicom International Cellular 的完整叙述（免费！）</p>
<p>预计到 2028 年，Millicom International Cellular 将产生 59 亿美元的收入和 6.283 亿美元的收益。该展望假设年收入增长为 1.7%，但反映出收益将从当前的 9.55 亿美元减少 3.267 亿美元。</p>
<p>揭示 Millicom International Cellular 的预测如何得出 51.35 美元的公允价值，较其当前价格有 4% 的下行空间。</p>
<h2>探索其他视角</h2>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/fef422a7-96bb-4d4d-a6d7-09413d38cfc1/chart/community-fair-value?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/fef422a7-96bb-4d4d-a6d7-09413d38cfc1/chart/community-fair-value"/></p>
<p>截至 2025 年 11 月的 TIGO 社区公允价值</p>
<p>Simply Wall St 社区的八个公允价值估计范围为每股 35 美元至 96.70 美元。尽管共识指向 Millicom 盈利的增长，但持续的高资本支出仍对未来的利润率和自由现金流构成挑战。</p>
<p>探索 Millicom International Cellular 的其他 8 个公允价值估计——为什么该股票可能比当前价格低 35%！</p>
<h2>构建您自己的 Millicom International Cellular 叙述</h2>
<p>不同意现有叙述？在 3 分钟内创建您自己的叙述——非凡的投资回报通常不是来自随大流。</p>
<ul>
<li>您的 Millicom International Cellular 研究的一个良好起点是我们的分析，突出 3 个关键奖励和 4 个可能影响您投资决策的重要警示信号。</li>
<li>我们的免费 Millicom International Cellular 研究报告提供了全面的基本面分析，汇总在一个视觉图中——雪花图，使您能够一目了然地评估 Millicom International Cellular 的整体财务健康状况。</li>
</ul>
<h2>寻找其他投资？</h2>
<p>我们发现的顶级股票目前正在低调飞行。尽早进入：</p>
<ul>
<li>癌症的终结？这 29 只新兴 AI 股票正在开发技术，以便早期识别癌症和阿尔茨海默病等改变生活的疾病。</li>
<li>这项技术可能取代计算机：发现 26 只正在努力使量子计算成为现实的股票。</li>
<li>稀土金属是新的淘金热。找出哪 38 只股票在引领潮流。</li>
</ul>
<p><em>这篇文章由 Simply Wall St 撰写，性质一般。<strong>我们提供基于历史数据和分析师预测的评论，仅使用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 它不构成购买或出售任何股票的推荐，也未考虑您的目标或财务状况。我们的目标是为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>

TIGO

<p>Millicom International Cellular 的股票在报告 2025 年第三季度业绩后上涨了 9.6%，净收入为 1.95 亿美元，销售额为 14.2 亿美元。由于在乌拉圭和厄瓜多尔的收购，盈利超出预期。尽管面临竞争压力和高额资本支出，Millicom 的盈利能力和近期收购可能会提升其投资前景。该公司预计到 2028 年收入将达到 59 亿美元，公允价值估计为每股 51.35 美元，较当前价格有 4% 的下行空间</p>

<ul>
<li>Millicom International Cellular reported third-quarter 2025 results showing net income of US$195 million on sales of US$1.42 billion, with strong improvements in earnings per share compared to the same period last year.</li>
<li>Operating performance benefited from recent acquisitions in Uruguay and Ecuador, and financial results exceeded expectations for both the quarter and year-to-date periods.</li>
<li>We'll examine how Millicom's sharply higher profitability and recent acquisitions could reshape its investment outlook amid evolving regional conditions.</li>
</ul>
<div class="lb-trans"><ul>
<li>Millicom International Cellular 发布了 2025 年第三季度的财报，显示净收入为 1.95 亿美元，销售额为 14.2 亿美元，与去年同期相比每股收益有显著改善。</li>
<li>运营表现受益于最近在乌拉圭和厄瓜多尔的收购，财务结果超出季度和年初至今的预期。</li>
<li>我们将探讨 Millicom 显著提高的盈利能力和最近的收购如何在不断变化的地区条件下重塑其投资前景。</li>
</ul>
</div><p>These 12 companies survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. Discover why before your portfolio feels the trade war pinch.</p>
<div class="lb-trans"><p>这 12 家公司在 COVID 后生存并蓬勃发展，具备应对特朗普关税的必要条件。在您的投资组合感受到贸易战的压力之前，了解原因。</p>
</div><h2>Millicom International Cellular Investment Narrative Recap</h2>
<div class="lb-trans"><h2>Millicom International Cellular 投资叙述回顾</h2>
</div><p>To be a shareholder in Millicom International Cellular, you must believe in its ability to translate ongoing M&amp;A activity, expanding postpaid mobile markets, and high operational efficiencies into sustained earnings and cash flow gains, despite competitive pressure and exposure to Latin American currencies. The company's latest results show a sharp rise in profitability alongside recent acquisitions in Uruguay and Ecuador, which may reinforce the current investment case. The headline risk for Millicom remains potential revenue pressures from rising competition and high capital expenditure requirements, while the key short-term catalyst continues to be margin expansion from integrating new assets; this quarter's news does not materially shift these dynamics.</p>
<div class="lb-trans"><p>成为 Millicom International Cellular 的股东，您必须相信其能够将持续的并购活动、扩展的后付费移动市场和高运营效率转化为持续的收益和现金流增长，尽管面临竞争压力和拉美货币的风险。公司的最新业绩显示，盈利能力显著上升，伴随在乌拉圭和厄瓜多尔的最近收购，这可能强化当前的投资案例。Millicom 的主要风险仍然是来自竞争加剧和高资本支出要求的潜在收入压力，而短期内的关键催化剂仍然是通过整合新资产实现的利润扩张；本季度的消息并未实质性改变这些动态。</p>
</div><p>Among recent announcements, the special and regular dividend distributions approved in June and May are particularly relevant, highlighting management's commitment to returning capital to shareholders in a period of rising net income and strong cash flow generation. This payout amplifies the importance of continued operational performance, particularly as one-off gains and inorganic growth have become an outsized contributor to recent headline numbers.</p>
<div class="lb-trans"><p>在最近的公告中，6 月和 5 月批准的特别和定期股息分配尤为相关，突显管理层在净收入上升和强劲现金流生成期间向股东返还资本的承诺。这一分配强调了持续运营表现的重要性，尤其是在一次性收益和非有机增长已成为近期头条数字的主要贡献者的情况下。</p>
</div><p>In contrast, investors should be aware that while Millicom's profit surge looks appealing, its earnings quality is influenced by unusually large one-off gains...</p>
<div class="lb-trans"><p>相反，投资者应意识到，尽管 Millicom 的利润激增看起来很吸引人，但其盈利质量受到异常大的一次性收益的影响……</p>
</div><p>Read the full narrative on Millicom International Cellular (it's free!)</p>
<div class="lb-trans"><p>阅读 Millicom International Cellular 的完整叙述（免费！）</p>
</div><p>Millicom International Cellular is projected to generate $5.9 billion in revenue and $628.3 million in earnings by 2028. This outlook assumes annual revenue growth of 1.7% but reflects a decrease in earnings of $326.7 million from current earnings of $955.0 million.</p>
<div class="lb-trans"><p>预计到 2028 年，Millicom International Cellular 将产生 59 亿美元的收入和 6.283 亿美元的收益。该展望假设年收入增长为 1.7%，但反映出收益将从当前的 9.55 亿美元减少 3.267 亿美元。</p>
</div><p>Uncover how Millicom International Cellular's forecasts yield a $51.35 fair value, a 4% downside to its current price.</p>
<div class="lb-trans"><p>揭示 Millicom International Cellular 的预测如何得出 51.35 美元的公允价值，较其当前价格有 4% 的下行空间。</p>
</div><h2>Exploring Other Perspectives</h2>
<div class="lb-trans"><h2>探索其他视角</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/fef422a7-96bb-4d4d-a6d7-09413d38cfc1/chart/community-fair-value" alt="" original-src="https://images.simplywall.st/company/fef422a7-96bb-4d4d-a6d7-09413d38cfc1/chart/community-fair-value"/></p>
<p>TIGO Community Fair Values as at Nov 2025</p>
<div class="lb-trans"><p>截至 2025 年 11 月的 TIGO 社区公允价值</p>
</div><p>Eight fair value estimates from the Simply Wall St Community range from US$35 to US$96.70 per share. While consensus points to Millicom's growing earnings, sustained high capital expenditures still pose challenges for future margins and free cash flow.</p>
<div class="lb-trans"><p>Simply Wall St 社区的八个公允价值估计范围为每股 35 美元至 96.70 美元。尽管共识指向 Millicom 盈利的增长，但持续的高资本支出仍对未来的利润率和自由现金流构成挑战。</p>
</div><p>Explore 8 other fair value estimates on Millicom International Cellular - why the stock might be worth 35% less than the current price!</p>
<div class="lb-trans"><p>探索 Millicom International Cellular 的其他 8 个公允价值估计——为什么该股票可能比当前价格低 35%！</p>
</div><h2>Build Your Own Millicom International Cellular Narrative</h2>
<div class="lb-trans"><h2>构建您自己的 Millicom International Cellular 叙述</h2>
</div><p>Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.</p>
<div class="lb-trans"><p>不同意现有叙述？在 3 分钟内创建您自己的叙述——非凡的投资回报通常不是来自随大流。</p>
</div><ul>
<li>A great starting point for your Millicom International Cellular research is our analysis highlighting 3 key rewards and 4 important warning signs that could impact your investment decision.</li>
<li>Our free Millicom International Cellular research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Millicom International Cellular's overall financial health at a glance.</li>
</ul>
<div class="lb-trans"><ul>
<li>您的 Millicom International Cellular 研究的一个良好起点是我们的分析，突出 3 个关键奖励和 4 个可能影响您投资决策的重要警示信号。</li>
<li>我们的免费 Millicom International Cellular 研究报告提供了全面的基本面分析，汇总在一个视觉图中——雪花图，使您能够一目了然地评估 Millicom International Cellular 的整体财务健康状况。</li>
</ul>
</div><h2>Seeking Other Investments?</h2>
<div class="lb-trans"><h2>寻找其他投资？</h2>
</div><p>Our top stock finds are flying under the radar-for now. Get in early:</p>
<div class="lb-trans"><p>我们发现的顶级股票目前正在低调飞行。尽早进入：</p>
</div><ul>
<li>The end of cancer? These 29 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's.</li>
<li>This technology could replace computers: discover 26 stocks that are working to make quantum computing a reality.</li>
<li>Rare earth metals are the new gold rush. Find out which 38 stocks are leading the charge.</li>
</ul>
<div class="lb-trans"><ul>
<li>癌症的终结？这 29 只新兴 AI 股票正在开发技术，以便早期识别癌症和阿尔茨海默病等改变生活的疾病。</li>
<li>这项技术可能取代计算机：发现 26 只正在努力使量子计算成为现实的股票。</li>
<li>稀土金属是新的淘金热。找出哪 38 只股票在引领潮流。</li>
</ul>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p><em>这篇文章由 Simply Wall St 撰写，性质一般。<strong>我们提供基于历史数据和分析师预测的评论，仅使用无偏见的方法，我们的文章并不旨在提供财务建议。</strong> 它不构成购买或出售任何股票的推荐，也未考虑您的目标或财务状况。我们的目标是为您提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
</div>

Millicom (TIGO) 在第三季度业绩超出预期后股价上涨 9.6%，收购活动推动了其收益增长