TIGO vs VZ vs BCE Stock Comparison

Millicom International Cellular, Verizon Communications and Bce Prices as of Oct 26, 2026 Peers: Industry group
VZ Verizon Communications Inc
$43.11 -8.5% 1M +11.1% 1Y
Market cap
$183.12B
P/E
11.9x
Revenue (TTM)
—
Div. yield
–
Wireless Carriers Communication Services
2 wins
BCE Bce Inc
$20.26 -3.4% 1M -14.9% 1Y
Market cap
$18.67B
P/E
3.7x
Revenue (TTM)
$21.97B
Div. yield
0.10%
Wireless Carriers Communication Services
4 wins

Head to Head

11 decided of 12

Millicom International Cellular leads on 5 of the 12 questions below (Millicom International Cellular 5, Bce 4, Verizon Communications 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionTIGOVZBCELeader
Larger companyMarket capitalisation $13.37B $183.12B $18.67B VZ
Cheaper on earningsLower P/E, profitable companies only 20.1x 11.9x 3.7x BCE
Cheaper on forward earningsLower price / next fiscal year consensus EPS 20.6x 8.2x 11.3x VZ
Faster revenue growthRevenue growth, trailing twelve months +29.4% — +2.2% TIGO
More profitableNet margin, trailing twelve months 9.2% — 22.7% BCE
Better return on capitalReturn on invested capital 16.8% — 13.4% TIGO
Less leveragedLower net debt / EBITDA 2.0x — 2.8x TIGO
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.10% –
Better 1-year returnPrice return, last 12 months +65.3% +11.1% -14.9% TIGO
Better 5-year returnAnnualised price return, 5 years +16.7%/yr -3.9%/yr -16.9%/yr TIGO
Less volatileAnnualised volatility, 1 year 42.0% 28.0% 22.0% BCE
Higher overall scoreMean of the five percentile scores vs peers 54/100 — 67/100 BCE

Percentile Scorecard

TIGOVZBCE

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

AxisTIGOVZBCE
Valuation 46 #27 of 49 56 #22 of 49 69 #16 of 49
Growth 71 #14 of 45 – 61 #18 of 45
Profitability 77 #11 of 45 – 91 #5 of 45
Financial Health 25 #37 of 49 – 40 #30 of 49
Shareholder Returns 53 #18 of 37 72 #11 of 37 75 #10 of 37
Overall 54 – 67
  • TIGO ranked among 51 companies in Telecommunications
  • VZ ranked among 51 companies in Telecommunications
  • BCE ranked among 51 companies in Telecommunications

Price Performance

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

Returns

PeriodTIGOVZBCESPY
1 month -15.4%-8.5%-3.4% -0.8%
3 months -17.9%-9.0%-4.7% +3.5%
6 months -5.4%-8.5%-14.0% +7.0%
Year to date +41.3%+5.8%-14.9% +12.2%
1 year +65.3%+11.1%-14.9% +13.0%
3 years +411.0%+28.9%-44.7% +86.3%
3 years, per year +72.3%+8.8%-17.9% +23.1%
5 years +116.1%-18.1%-60.3% +68.6%
5 years, per year +16.7%-3.9%-16.9% +11.0%
10 years —-9.5%-55.2% +258.0%
10 years, per year —-1.0%-7.7% +13.6%

Risk

MeasureTIGOVZBCESPY
Volatility, 1Y 42.0%28.0%22.0% 12.7%
Downside volatility, 1Y 44.5%28.1%23.1% 12.7%
Beta vs S&P 500, 1Y 0.30-0.44-0.23 1.00
Return / volatility, 1Y 1.560.39-0.68 1.02
Max drawdown, 5Y -71.3%-44.3%-68.2% -25.4%
From 52-week high -24.9%-16.1%-23.4% -1.8%
52-week high $104.31$51.38$26.45 $779.14
52-week low $45.81$38.91$18.79 $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.

MultipleTIGOVZBCE
P/E now vs peer median 19.7xmedian 11.8x 11.9xmedian 11.8x 3.8xmedian 11.8x
P/S now vs peer median 1.8xmedian 1.1x 1.4xmedian 1.1x 0.9xmedian 1.1x
EV/EBITDA now vs peer median 5.9xmedian 6.8x —median 6.8x 4.7xmedian 6.8x
P/FCF now vs peer median 22.4xmedian 5.7x 8.9xmedian 5.7x -8.8xmedian 5.7x
P/B now vs peer median 5.3xmedian 1.3x 1.7xmedian 1.3x 1.1xmedian 1.3x
PEG now vs peer median 0.06median 0.24 —median 0.24 0.08median 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 monthsTIGOVZBCE
Revenue $7.24B – $21.97B
Gross profit – – $18.64B
Operating income $1.74B – $6.29B
Net income $646.00M – $4.68B
Free cash flow $590.00M – -$2.14B
EPS (diluted) $3.96 – $5.37
Cash & equivalents $861.00M $4.50B $335.70M
Total debt $26.42B – $119.67B
Shares (diluted) 168.00M 4.17B 929.10M
Enterprise value $8.12B $183.12B $16.79B

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
MetricTIGOVZBCE
P/E 19.7x 11.9x 3.8x
P/FCF 22.4x 8.9x -8.8x
P/Operating cash flow 22.4x – 3.0x
P/S 1.8x 1.4x 0.9x
P/B 5.3x 1.7x 1.1x
P/Tangible book -2.1x -3.3x 4.4x
EV/EBITDA 5.9x – 4.7x
EV/EBIT 11.5x – 7.6x
EV/Revenue 2.8x – 2.2x
EV/FCF 33.9x – -22.4x
EV/Operating cash flow 33.9x – 7.6x
PEG (3Y EPS CAGR) 0.06 – 0.08

Growth

14 metrics
MetricTIGOVZBCE
Revenue growth (1Y) 29.4% – 2.2%
Revenue CAGR (3Y) 9.4% – 6.2%
Gross profit growth (1Y) – – -0.8%
Gross profit CAGR (3Y) – – 9.6%
Operating income growth (1Y) 20.0% – -7.0%
Operating income CAGR (3Y) 28.3% – 53.8%
Net income growth (1Y) -35.3% – 1,063%
Net income CAGR (3Y) 121.4% – 36.8%
EPS growth (1Y) -28.2% – 1,649%
EPS CAGR (3Y) 351.7% – 44.4%
Operating cash flow growth (1Y) -52.2% – -7.0%
Operating cash flow CAGR (3Y) -1.5% – -6.4%
Free cash flow growth (1Y) -52.2% – -144.0%
Free cash flow CAGR (3Y) -1.5% – -32.6%

Profitability

14 metrics
MetricTIGOVZBCE
Gross margin – – 84.8%
EBITDA margin 47.1% – 46.8%
Operating margin 24.0% – 28.6%
Pretax margin 13.3% – 52.5%
Net margin 9.2% – 22.7%
FCF margin 8.2% – -9.8%
Operating cash flow margin 8.2% – 28.6%
Return on equity 22.8% – 31.0%
Return on assets 3.1% – 9.0%
Return on invested capital 16.8% – 13.4%
Return on capital employed 11.2% – 12.5%
Asset turnover 0.3x – 0.4x
Cash conversion (OCF / net income) 0.9x – 1.3x
Stock comp / revenue 0.1% – –

Financial Health

11 metrics
MetricTIGOVZBCE
Debt / assets 37.0% – 51.5%
Debt / equity 3.1x – 1.8x
Net debt / EBITDA 2.0x – 2.8x
Debt / FCF 13.0x – -13.7x
Liabilities / assets 87.9% – 70.6%
Equity / assets 12.1% 25.8% 29.4%
Interest coverage 1.9x – 6.7x
Current ratio 0.5x 0.6x 0.7x
Quick ratio 0.3x – 0.5x
Cash ratio 0.2x – 0.0x
Altman Z-score 1.06 – 0.95

Shareholder Returns

7 metrics
MetricTIGOVZBCE
Dividend yield 4.5% 6.5% 8.1%
Net buyback yield – – -0.5%
Shareholder yield 4.5% 6.5% 7.6%
Payout ratio (earnings) – – 41.1%
Payout ratio (FCF) – – -89.7%
Dividend growth (1Y) – – 146.7%
Dividend CAGR (3Y) – – 34.6%

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.

ConsensusTIGOVZBCE
Forward P/E 20.6xFY2026 8.2xFY2026 11.3xFY2026
EPS, next fiscal year $3.80FY2026 $5.23FY2026 $1.80FY2026
EPS growth, next FY -51.5%FY2026 +11.0%FY2026 -11.8%FY2026
EPS growth, the year after +65.5% +7.5% -2.2%
Revenue, next fiscal year $9.17BFY2026 $145.77BFY2026 $18.56BFY2026
Revenue growth, next FY +57.6%FY2026 +5.5%FY2026 +4.2%FY2026
Revenue growth, the year after -4.3% +0.2% +0.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersTIGOVZBCE
Held by institutions 46.2% 68.7% 48.1%
Institutions holding 437 3,131 394
Change in shares held, QoQ +7.3% +3.1% +5.3%
Institutions buying 283 1,594 184
Institutions selling 127 1,246 130
Buyers to sellers 2.23 1.28 1.42

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.

TIGOVZBCE
TIGO 1.00 0.13 0.15
VZ 0.13 1.00 0.56
BCE 0.15 0.56 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, TIGO, VZ and BCE?

Verizon Communications (VZ) is the largest by market capitalisation: Millicom International Cellular (TIGO) $13.37B, Verizon Communications (VZ) $183.12B, Bce (BCE) $18.67B.

Which stock is cheaper, TIGO, VZ and BCE?

Bce (BCE) trades on the lowest price-to-earnings ratio (Millicom International Cellular (TIGO) 20.1x, Verizon Communications (VZ) 11.9x, Bce (BCE) 3.7x). On next year's consensus earnings, Verizon Communications (VZ) is cheapest (Millicom International Cellular (TIGO) 20.6x, Verizon Communications (VZ) 8.2x, Bce (BCE) 11.3x). 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%, Bce (BCE) +2.2%.

Which company is more profitable?

Bce (BCE) has the highest net margin (Millicom International Cellular (TIGO) 9.2%, Bce (BCE) 22.7%). On return on invested capital, Millicom International Cellular (TIGO) leads (Millicom International Cellular (TIGO) 16.8%, Bce (BCE) 13.4%).

Which stock has performed better?

Over the past year Millicom International Cellular (TIGO) returned the most: Millicom International Cellular (TIGO) +65.3%, Verizon Communications (VZ) +11.1%, Bce (BCE) -14.9%. Over five years, Millicom International Cellular (TIGO) compounded fastest (Millicom International Cellular (TIGO) +16.7%/yr, Verizon Communications (VZ) -3.9%/yr, Bce (BCE) -16.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Millicom International Cellular (TIGO) 0.00%, Verizon Communications (VZ) 0.00%, Bce (BCE) 0.10%. Millicom International Cellular (TIGO) and Verizon Communications (VZ) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Bce (BCE) has been the steadiest (Millicom International Cellular (TIGO) 42.0%, Verizon Communications (VZ) 28.0%, Bce (BCE) 22.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, TIGO, VZ and BCE?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Millicom International Cellular (TIGO) leads on 5. 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.