NBIS
Nebius Group N.V.
There isn't enough reported data to score NBIS yet.
TIGO
Millicom International Cellular S.A.
TIGO's fundamentals are strong, but it looks expensive: trading at 20x earnings, above its usual 14x. Its downside scenario is about four times its upside.
NBIS Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Healthy | |
| Unavailable | |
| Healthy |
NBIS's profitability and balance sheet are currently healthy. There isn't enough data to rate its revenue and cash flow.
TIGO Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Strong | |
| Under pressure |
TIGO's revenue, profitability and cash flow are currently healthy, but its balance sheet is under pressure.
NBIS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 68x | $22.45 | -83% |
| Fair | 114x | $37.67 | -71% |
| Current | 390x | $129 | — |
| Expensive | 666x | $220 | +71% |
Historical ranges are pointers, not guarantees.
NBIS's PE is 390x, but its earnings don't support one, so it isn't a reliable read right now.
TIGO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.8x | $34.70 | -57% |
| Fair | 14x | $56.42 | -30% |
| Current | 20x | $80.83 | — |
| Forward | 21x | $80.83 | — |
| Expensive | 32x | $127 | +58% |
Historical ranges are pointers, not guarantees.
TIGO has the edge over NBIS in the historical PE scenario, which offers more potential upside but is not a forecast.
NBIS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses steady | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
NBIS has the edge over TIGO on the outlook, with more favorable profitability expectations.
TIGO Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Stable | |
| Growth | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect TIGO's revenue to grow, but its profitability to weaken. However, they disagree widely on these estimates.
NBIS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q4 2025 | $0.33 | +$2.61 |
| Q4 2024 | -$2.28 | -456% |
| Q4 2023 | $0.64 | -36% |
| Q4 2022 | $1.00 | +$1.49 |
| Q4 2021 | -$0.49 | -156% |
| Q4 2020 | $0.87 | +89% |
| Q4 2019 | $0.46 | -73% |
| Q4 2018 | $1.71 | +434% |
NBIS has returned to profit: it earned $0.33 per share over the past year, after losing money the year before.
TIGO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.89 | -1.8% |
| Q2 2026 | $3.96 | -30% |
| Q1 2026 | $7.34 | +256% |
| Q4 2025 | $7.83 | +436% |
| Q3 2025 | $6.50 | +614% |
| Q2 2025 | $5.64 | +810% |
| Q1 2025 | $2.06 | +5050% |
| Q4 2024 | $1.46 | +$1.94 |
| Q3 2024 | $0.91 | +314% |
TIGO has the edge over NBIS in the latest year-over-year earnings comparison.
NBIS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2023 | $9.7B | +53% |
| Q4 2022 | $6.3B | +46% |
| Q4 2021 | $4.3B | +63% |
| Q4 2020 | $2.6B | +24% |
| Q4 2019 | $2.1B | +37% |
| Q4 2018 | $1.5B | +36% |
| Q4 2017 | $1.1B | +24% |
| Q4 2016 | $917M | +27% |
NBIS's revenue is growing: $530M last quarter, down 80% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2025 | -115% | -112 points |
| Q4 2023 | 3.6% | -11 points |
| Q4 2022 | 2.5% | -14 points |
| Q4 2021 | -3.7% | -18 points |
| Q4 2020 | 7.4% | -9.5 points |
| Q4 2019 | 14% | -2 points |
| Q4 2018 | 16% | -14 points |
| Q4 2017 | 14% | -19 points |
NBIS's operating margin was −115% last quarter, down 123 points from the same quarter a year ago, near the bottom of its range since 2011.
TIGO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $2.2B | +59% |
| Q1 2026 | $2B | +44% |
| Q4 2025 | $1.7B | +16% |
| Q3 2025 | $1.4B | -0.8% |
| Q2 2025 | $1.4B | -5.9% |
| Q1 2025 | $1.4B | -7.6% |
| Q4 2024 | $1.4B | -3.2% |
| Q3 2024 | $1.4B | +0.5% |
TIGO has the edge over NBIS in the latest year-over-year revenue comparison.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 22% | -3.5 points |
| Q1 2026 | 20% | -5 points |
| Q4 2025 | 28% | +2.2 points |
| Q3 2025 | 27% | +7.5 points |
| Q2 2025 | 26% | +3.4 points |
| Q1 2025 | 25% | +4.6 points |
| Q4 2024 | 26% | +12 points |
| Q3 2024 | 20% | +6.2 points |
TIGO's operating margin was 22% last quarter, down 3.5 points from the same quarter a year ago.
NBIS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2025 | -$3.7B | -$3.1B |
| Q4 2024 | -$562.1M | -$316.2M |
| Q4 2023 | -$245.9M | -$138.9M |
| Q4 2022 | -$107M | +$319.7M |
| Q4 2021 | -$426.7M | -539% |
| Q4 2020 | $97.3M | -66% |
| Q4 2019 | $287.9M | +$289.2M |
| Q4 2018 | -$1.3M | -101% |
NBIS has burned cash in six of the last eight quarters: −$4.6B over the past year, against −$43M the year before.
TIGO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $464M | +50% |
| Q1 2026 | $449M | +94% |
| Q4 2025 | $291M | +4.4% |
| Q3 2025 | $338.6M | +19% |
| Q2 2025 | $310.1M | +3.7% |
| Q1 2025 | $232M | +98% |
| Q4 2024 | $278.7M | +53% |
| Q3 2024 | $284M | +122% |
TIGO generated $1.5B in free cash flow over the past year, up 40% from the year before.
NBIS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -12% | -33.3M shares |
| 1 year | -32% | -115M shares |
| 3 years | -26% | -86.9M shares |
NBIS has the edge over TIGO on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2024 | $10M |
| Q4 2021 | $84.1M |
| Q4 2020 | $122.8M |
| Q4 2019 | $17.2M |
| Q4 2018 | $121.8M |
| Q4 2014 | $101.7M |
| Q4 2013 | $102.9M |
TIGO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +474K shares |
| 1 year | +0.2% | +370K shares |
| 3 years | -1.9% | -3.3M shares |
| 5 years | +30% | +38.9M shares |
| Available history | +30% | +39.2M shares |
TIGO has 168M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | $883,389 |
| Q2 2025 | $4.6M |
| Q1 2025 | $119M |
| Q4 2024 | $31.9M |
| Q3 2024 | $33M |
TIGO has spent almost nothing on buybacks in the past year.
NBIS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2023 | 0.7x | Very low |
| Q4 2022 | -0.7x | Net Cash |
NBIS's net debt is less than a year of its operating earnings (EBITDA).
TIGO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 3.3x | Elevated |
| Q1 2026 | 3.0x | Moderate |
| Q4 2025 | 2.3x | Moderate |
| Q3 2025 | 2.1x | Moderate |
| Q2 2025 | 2.2x | Moderate |
| Q1 2025 | 2.6x | Moderate |
| Q4 2024 | 2.5x | Moderate |
| Q3 2024 | 2.6x | Moderate |
TIGO's net debt is about 3.3 years of its operating earnings (EBITDA), up from 2.2 years a year ago.
NBIS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.0 | Neutral |
| Stochastic | 8.3 | Oversold |
NBIS's weekly RSI is 38 (neutral) and its Stochastic is 8 (oversold).
TIGO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.8 | Neutral |
| Stochastic | 17.5 | Oversold |
TIGO's weekly RSI is 45 (neutral) and its Stochastic is 17 (oversold).
NBIS PE vs Communication Services Sector
| Metric | NBIS | Sector median | Relative |
|---|---|---|---|
| PE | 390x | 16x | 2,264% above |
| PE % | 62 | 24 | 38 pts above |
NBIS is trading at 390x earnings, a 2264% premium to the Communication Services sector's median of 16x, though its earnings don't support one.
TIGO PE vs Communication Services Sector
| Metric | TIGO | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 16x | 24% above |
| PE % | 62 | 26 | 36 pts above |
TIGO has the edge over NBIS on valuation relative to its sector.
NBIS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $179.7 | 28% below |
| 20 week MA | $199.9 | 36% below |
| 50 week MA | $163.5 | 21% below |
| 100 week MA | $110.0 | 17% above |
TIGO has stronger trend alignment. NBIS is above 1 of 4 weekly averages versus TIGO above 3 of 5.
TIGO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $83.2 | 2.8% below |
| 20 week MA | $90.4 | 11% below |
| 50 week MA | $79.2 | 2% above |
| 100 week MA | $58.3 | 39% above |
| 200 week MA | $39.2 | 106% above |
TIGO has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 106% above its 200-week average.
NBIS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2024 | $19.6 | $27.3 | +40% |
| 2025 | $27.3 | $87.6 | +221% |
| 2026 YTD | $87.6 | $128.6 | +47% |
NBIS has finished every year since 2024 higher, and it's up 47% so far in 2026.
TIGO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $48.2 | $38.6 | -20% |
| 2021 | $38.6 | $27.3 | -29% |
| 2022 | $27.3 | $12.9 | -53% |
| 2023 | $12.9 | $18.0 | +40% |
| 2024 | $18.0 | $24.9 | +38% |
| 2025 | $24.9 | $54.8 | +120% |
| 2026 YTD | $54.8 | $80.8 | +48% |
TIGO has the edge over NBIS on returns for 2026, with the stronger performance.