Millicom International Cellular S.A. (TIGO) — closed signal from September 23, 2025
Near target Published before the outcome was known, scored automatically when the window closed on December 22, 2025 — +14.9% at the close.
Predicted vs. what happened
What happened
Came within reach: 85% of the predicted growth at its peak, just short of the target.
The thesis — published September 23, 2025
Millicom looks inexpensive for a telecom and may be stabilizing after a rough spell. Recent reports point to a top trading score, a valuation model suggesting about 46% upside, and debt reduction helped by redeeming part of the Paraguay notes. The price seems washed out, and the recent average price is improving, hinting at a possible 3-month rebound. Main risks are currency swings and tough rivals, so step in gradually and manage risk.
Primary drivers
- Paying down debt is making finances sturdier and should trim interest costs
- A careful cash-flow valuation points to shares well below fair value
- The stock dropped too far, and the recent average price now points upward
- Investor mood is improving, backed by a strong third-party trading score
How it played out
TIGO: target reached inside the window
Lyra published TIGO at $46.07 on 2025-09-23 with expected growth of 24%. The thesis pointed to a cheaper telecom valuation, steadier finances after debt reduction, a cash-flow model that suggested 46% upside, a washed-out price, an improving recent average price, and better investor mood. It also named currency swings and tough rivals as risks.
Inside the window to 2025-12-22, the stock rose to $55.45 on 2025-11-18, above the $53.97 target. It later ended at $52.92. The peak gain was 20.3%. The published thesis played out on price, even though the close stayed below the peak.
Prices are shown split- and dividend-adjusted, matching what public charts show today.
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This is one signal, scored after the fact. Today’s picks come with the same plain-language thesis — published before anyone knows the outcome.