TIGO vs TV vs VIV Stock Comparison

Millicom International Cellular, Grupo Televisa, S.A.B and Telefonica Brasil Prices as of Oct 28, 2026 Peers: Industry group
TV Grupo Televisa, S.A.B.
$2.17 -7.7% 1M -21.1% 1Y
Market cap
$135.02B
P/E
–
Revenue (TTM)
$3.23B
Div. yield
–
Broadband and Cable Communication Services
2 wins
VIV Telefonica Brasil S.A.
$11.43 +1.3% 1M -10.9% 1Y
Market cap
$18.26B
P/E
14.8x
Revenue (TTM)
$11.69B
Div. yield
7.70%
Wireless Carriers Communication Services
6 wins

Head to Head

12 decided of 12

Telefonica Brasil leads on 6 of the 12 questions below (Telefonica Brasil 6, Millicom International Cellular 4, Grupo Televisa, S.A.B 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTIGOTVVIVLeader
Larger companyMarket capitalisation $13.46B $135.02B $18.26B TV
Cheaper on earningsLower P/E, profitable companies only 20.1x -275.8x 14.8x VIV
Cheaper on forward earningsLower price / next fiscal year consensus EPS 21.0x 12.1x 12.3x TV
Faster revenue growthRevenue growth, trailing twelve months +29.4% +5.5% +15.9% TIGO
More profitableNet margin, trailing twelve months 9.2% -15.3% 10.7% VIV
Better return on capitalReturn on invested capital 16.8% 2.9% — TIGO
Less leveragedLower net debt / EBITDA 2.0x 64.6x -0.3x VIV
Higher dividend yieldTrailing dividend yield 4.39% 0.00% 7.70% VIV
Better 1-year returnPrice return, last 12 months +61.1% -21.1% -10.9% TIGO
Better 5-year returnAnnualised price return, 5 years +17.9%/yr -26.5%/yr +7.3%/yr TIGO
Less volatileAnnualised volatility, 1 year 42.0% 38.2% 35.0% VIV
Higher overall scoreMean of the five percentile scores vs peers 54/100 33/100 88/100 VIV

Percentile Scorecard

TIGOTVVIV

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisTIGOTVVIV
Valuation 46 #27 of 49 4 #47 of 49 88 #7 of 49
Growth 71 #14 of 45 21 #36 of 45 82 #9 of 45
Profitability 77 #11 of 45 34 #30 of 45 84 #8 of 45
Financial Health 25 #37 of 49 75 #13 of 49 96 #3 of 49
Shareholder Returns 50 #19 of 37 – 89 #5 of 37
Overall 54 33 88
  • TIGO ranked among 51 companies in Telecommunications
  • TV ranked among 51 companies in Telecommunications
  • VIV ranked among 51 companies in Telecommunications

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodTIGOTVVIVSPY
1 month -11.3%-7.7%+1.3% +0.9%
3 months -15.4%-23.3%-10.5% +5.9%
6 months -3.1%-23.9%-24.9% +8.5%
Year to date +43.7%-25.4%-3.6% +13.3%
1 year +61.1%-21.1%-10.9% +12.4%
3 years +419.6%-7.7%+28.6% +88.1%
3 years, per year +73.3%-2.6%+8.7% +23.5%
5 years +127.9%-78.6%+42.3% +68.2%
5 years, per year +17.9%-26.5%+7.3% +11.0%
10 years —-91.2%-19.0% +263.4%
10 years, per year —-21.6%-2.1% +13.8%

Risk

MeasureTIGOTVVIVSPY
Volatility, 1Y 42.0%38.2%35.0% 12.7%
Downside volatility, 1Y 44.5%40.1%39.7% 12.7%
Beta vs S&P 500, 1Y 0.300.660.48 1.00
Return / volatility, 1Y 1.46-0.55-0.31 0.98
Max drawdown, 5Y -71.3%-86.3%-44.5% -25.4%
From 52-week high -23.6%-36.9%-33.3% -0.9%
52-week high $104.31$3.44$17.14 $779.14
52-week low $45.81$2.17$11.23 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleTIGOTVVIV
P/E now vs peer median 20.1xmedian 11.6x -275.8xmedian 11.6x 14.8xmedian 11.6x
P/S now vs peer median 1.9xmedian 1.1x 41.8xmedian 1.1x 1.6xmedian 1.1x
EV/EBITDA now vs peer median 5.9xmedian 6.8x 3,856xmedian 6.8x 3.4xmedian 6.8x
P/FCF now vs peer median 22.8xmedian 6.3x —median 6.3x 4.8xmedian 6.3x
P/B now vs peer median 5.4xmedian 1.2x 21.1xmedian 1.2x —median 1.2x
PEG now vs peer median 0.06median 0.24 8.97median 0.24 -31.00median 0.24

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsTIGOTVVIV
Revenue $7.24B $3.23B $11.69B
Gross profit – $1.78B $5.26B
Operating income $1.74B $307.39M $1.99B
Net income $646.00M -$116.03M $1.29B
Free cash flow $590.00M – $3.83B
EPS (diluted) $3.96 $-0.01 $0.77
Cash & equivalents $861.00M $1.70B $1.64B
Total debt $26.42B $14.34B $29.48M
Shares (diluted) 168.00M 68.12B 1.61B
Enterprise value $8.25B $127.32B $12.28B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricTIGOTVVIV
P/E 20.1x -275.8x 14.8x
P/FCF 22.8x – 4.8x
P/Operating cash flow 22.8x – 4.8x
P/S 1.9x 41.8x 1.6x
P/B 5.4x 21.1x –
P/Tangible book -2.1x 27.1x –
EV/EBITDA 5.9x 3,856x 3.4x
EV/EBIT 11.7x 446.7x 8.3x
EV/Revenue 2.8x 42.6x 1.4x
EV/FCF 34.3x – 4.3x
EV/Operating cash flow 34.3x – 4.3x
PEG (3Y EPS CAGR) 0.06 8.97 -31.00

Growth

14 metrics
MetricTIGOTVVIV
Revenue growth (1Y) 29.4% 5.5% 15.9%
Revenue CAGR (3Y) 9.4% -11.8% 6.2%
Gross profit growth (1Y) – -37.1% 18.6%
Gross profit CAGR (3Y) – -18.9% 7.7%
Operating income growth (1Y) 20.0% 255.7% 27.2%
Operating income CAGR (3Y) 28.3% 5.3% 12.4%
Net income growth (1Y) -35.3% 68.3% 35.5%
Net income CAGR (3Y) 121.4% -27.1% 10.9%
EPS growth (1Y) -28.2% -18.4% -15.5%
EPS CAGR (3Y) 351.7% -30.8% -0.5%
Operating cash flow growth (1Y) -52.2% – 8.3%
Operating cash flow CAGR (3Y) -1.5% – -0.5%
Free cash flow growth (1Y) -52.2% – 384.6%
Free cash flow CAGR (3Y) -1.5% – -0.5%

Profitability

14 metrics
MetricTIGOTVVIV
Gross margin – 55.2% 45.0%
EBITDA margin 47.1% 1.1% 42.0%
Operating margin 24.0% 9.5% 17.1%
Pretax margin 13.3% 8.3% 12.6%
Net margin 9.2% -15.3% 10.7%
FCF margin 8.2% – 32.7%
Operating cash flow margin 8.2% – 32.7%
Return on equity 22.8% -1.9% –
Return on assets 3.1% -0.9% 5.2%
Return on invested capital 16.8% 2.9% –
Return on capital employed 11.2% 2.7% –
Asset turnover 0.3x 0.2x 0.5x
Cash conversion (OCF / net income) 0.9x – 3.0x
Stock comp / revenue 0.1% – –

Financial Health

11 metrics
MetricTIGOTVVIV
Debt / assets 37.0% 34.8% 0.1%
Debt / equity 3.1x 0.7x –
Net debt / EBITDA 2.0x 64.6x -0.3x
Debt / FCF 13.0x – 0.0x
Liabilities / assets 87.9% 52.7% –
Equity / assets 12.1% 47.3% –
Interest coverage 1.9x 0.7x 2.5x
Current ratio 0.5x 2.4x –
Quick ratio 0.3x 1.8x –
Cash ratio 0.2x 1.5x –
Altman Z-score 1.07 12.51 –

Shareholder Returns

7 metrics
MetricTIGOTVVIV
Dividend yield 4.4% – 7.7%
Net buyback yield – – –
Shareholder yield 4.4% 0.0% 7.7%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusTIGOTVVIV
Forward P/E 21.0xFY2026 12.1xFY2026 12.3xFY2026
EPS, next fiscal year $3.80FY2026 $0.18FY2026 $0.93FY2026
EPS growth, next FY -51.5%FY2026 – +25.7%FY2026
EPS growth, the year after +65.5% +38.9% +38.7%
Revenue, next fiscal year $9.17BFY2026 $3.07BFY2026 $13.21BFY2026
Revenue growth, next FY +57.6%FY2026 -9.0%FY2026 +14.1%FY2026
Revenue growth, the year after -4.3% -4.0% -3.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTIGOTVVIV
Held by institutions – 0.2% 3.9%
Institutions holding – 106 224
Change in shares held, QoQ – -4.9% -4.8%
Institutions buying – 44 123
Institutions selling – 33 74
Buyers to sellers – 1.33 1.66

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

TIGOTVVIV
TIGO 1.00 0.14 0.34
TV 0.14 1.00 0.23
VIV 0.34 0.23 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TIGO, TV and VIV?

Grupo Televisa, S.A.B (TV) is the largest by market capitalisation: Millicom International Cellular (TIGO) $13.46B, Grupo Televisa, S.A.B (TV) $135.02B, Telefonica Brasil (VIV) $18.26B.

Which stock is cheaper, TIGO, TV and VIV?

Telefonica Brasil (VIV) trades on the lowest price-to-earnings ratio (Millicom International Cellular (TIGO) 20.1x, Grupo Televisa, S.A.B (TV) -275.8x, Telefonica Brasil (VIV) 14.8x). On next year's consensus earnings, Grupo Televisa, S.A.B (TV) is cheapest (Millicom International Cellular (TIGO) 21.0x, Grupo Televisa, S.A.B (TV) 12.1x, Telefonica Brasil (VIV) 12.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Millicom International Cellular (TIGO) grew revenue fastest over the trailing twelve months: Millicom International Cellular (TIGO) +29.4%, Grupo Televisa, S.A.B (TV) +5.5%, Telefonica Brasil (VIV) +15.9%.

Which company is more profitable?

Telefonica Brasil (VIV) has the highest net margin (Millicom International Cellular (TIGO) 9.2%, Grupo Televisa, S.A.B (TV) -15.3%, Telefonica Brasil (VIV) 10.7%). On return on invested capital, Millicom International Cellular (TIGO) leads (Millicom International Cellular (TIGO) 16.8%, Grupo Televisa, S.A.B (TV) 2.9%).

Which stock has performed better?

Over the past year Millicom International Cellular (TIGO) returned the most: Millicom International Cellular (TIGO) +61.1%, Grupo Televisa, S.A.B (TV) -21.1%, Telefonica Brasil (VIV) -10.9%. Over five years, Millicom International Cellular (TIGO) compounded fastest (Millicom International Cellular (TIGO) +17.9%/yr, Grupo Televisa, S.A.B (TV) -26.5%/yr, Telefonica Brasil (VIV) +7.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Telefonica Brasil (VIV) has the highest dividend yield: Millicom International Cellular (TIGO) 4.39%, Grupo Televisa, S.A.B (TV) 0.00%, Telefonica Brasil (VIV) 7.70%. Grupo Televisa, S.A.B (TV) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Telefonica Brasil (VIV) has been the steadiest (Millicom International Cellular (TIGO) 42.0%, Grupo Televisa, S.A.B (TV) 38.2%, Telefonica Brasil (VIV) 35.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, TIGO, TV and VIV?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Telefonica Brasil (VIV) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.