COMPARE · Reviewed August 3, 2026

KYIV vs TIGO

Verdict: Side-by-side breakdown using the Bull Rankings model. KYIV scored 69.9, TIGO scored 58.0 — KYIV leads.
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KYIV
Kyivstar Group Ltd.
Telecom Services · Quality-Growth
69.9
$13.68 · $3.2B
fundamentals as of
Score gap
11.9
KYIV leads
TIGO
Millicom International Cellular S.A.
Telecom Services · Quality-Growth
58
$94.30 · $15.8B
fundamentals as of
THE BULL RANKINGS SCORECARD70/ 100 · BULL SCOREPEER MEDIANQUALITY67GROWTH94VALUE54
THE BULL RANKINGS SCORECARD58/ 100 · BULL SCOREPEER MEDIANQUALITY76GROWTH38VALUE68
KYIV
stronger →← stronger
TIGO
67
Qualityreturns · margins · balance sheet
76
94
Growthrevenue & earnings expansion
38
54
Valuevaluation vs sector peers
68
TIGO is stronger on 2 of 3 pillars.
KYIV
TIGO
$311mC
FCF
$1.1bC+
+25.9%A-
Rev
+0.3%C
0.39B+
D/E
3.75C
19.8xB
P/E
12.8xA-
1.36B
PEG
0.75A-
Winner per row is the stronger grade in our model; a tie or a missing value shows no highlight.
KYIV
TIGO
51% below
Price vs fair valuelower is cheaper
43% below
~-6%/yr
Growth the price implies10-yr FCF · lower = less priced in
~1%/yr
+67%
1-yr DCF upside
+33%
+102%
5-yr DCF upside
+75%
+168%
10-yr DCF upside
+163%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
KYIV
Why this score
  • Diluting shareholders
  • Short track record
TIGO
Why this score
  • Raising its dividend
KYIVKyivstar Group Ltd.
Telecom Services · $13.68
Why now
Telecom Services · market cap $3.2b. 17% off the 52-week high of $16.55. Revenue growing +26% — in hypergrowth territory. 9 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $17.92 (implying +31% upside).
Moat
Free cash flow runs well ahead of reported net income — non-cash charges (depreciation, intangible amortization) are holding down GAAP earnings while cash generation stays strong.
Risk
Mature compounder — the risk is paying up for quality at a moment when growth is decelerating. Watch for sequential revenue + margin trends; the inflection from "compounder" to "ex-compounder" is hard to spot until the multiple already started compressing.
TIGOMillicom International Cellular S.A.
Telecom Services · $94.30 · beta 0.90
Why now
Telecom Services · market cap $15.8b. 6% off the 52-week high of $100.75. PEG 0.75 — paying under fair value for the growth rate. 8 sell-side analysts rate this a Hold with a mean 1-yr target of $88.42 (implying -6% upside).
Moat
Net margin 23% sits well above the S&P median (~11%) — suggests structural pricing advantage or cost discipline competitors can't quickly close. ROE 38% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which.
Risk
D/E 3.75 is elevated — limits strategic flexibility and raises refinancing exposure if rates stay higher for longer.
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.