Company Valuation: América Móvil, S.A.B. de C.V.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 969,321 1,402,819 1,120,017 982,963 912,212 1,368,459 1,368,459 -
Change - 44.72% -20.16% -12.24% -7.2% 50.02% 0% -
Enterprise Value (EV) 1 1,507,150 1,909,039 1,642,626 1,508,456 1,610,461 1,784,518 1,967,868 1,930,497
Change - 26.67% -13.96% -8.17% 6.76% 10.81% -1.3% -1.9%
P/E ratio 21x 7.3x 14.9x 13x 32.5x 13.6x 14.3x 11.3x
PBR 4.06x 3.15x 2.57x 2.7x 2.46x 2.63x 3.1x 3.02x
PEG - 0x -0.2x 7.73x -0.5x 0x 1.4x 0.4x
Capitalization / Revenue 0.95x 1.39x 1.33x 1.2x 1.05x 1.19x 1.41x 1.36x
EV / Revenue 1.48x 1.89x 1.95x 1.85x 1.85x 1.89x 2.03x 1.91x
EV / EBITDA 4.57x 5.81x 4.99x 4.83x 4.69x 4.79x 5.13x 4.76x
EV / EBIT 9.11x 11.5x 9.61x 8.99x 8.94x 9.32x 9.4x 8.48x
EV / FCF 8.77x 17x 24.1x 14x 12.8x 11.3x 11.6x 11.1x
FCF Yield 11.4% 5.88% 4.15% 7.13% 7.84% 8.85% 8.62% 9.02%
Dividend per Share 2 0.38 0.44 - 0.46 0.48 0.52 0.5607 0.5928
Rate of return 2.62% 2.03% - 2.92% 3.21% 2.79% 2.47% 2.61%
EPS 2 0.69 2.97 1.19 1.21 0.46 1.37 1.595 2.019
Distribution rate 55.1% 14.8% - 38% 104% 38% 35.2% 29.4%
Net sales 1 1,016,887 1,007,787 844,501 816,013 869,221 943,638 969,504 1,009,175
EBITDA 1 329,599 328,778 329,505 312,361 343,537 372,209 383,827 405,259
EBIT 1 165,355 166,132 170,871 167,784 180,100 191,404 209,341 227,784
Net income 1 46,853 196,025 76,159 76,111 28,308 82,819 93,878 111,494
Net Debt 1 537,829 506,220 522,609 525,493 698,249 661,632 599,409 562,038
Reference price 2 14.49 21.69 17.68 15.74 14.95 22.74 22.74 22.74
Nbr of stocks (in thousands) 66,877,561 64,690,445 63,335,000 62,450,000 61,017,500 60,178,500 60,178,500 -
Announcement Date 2/9/21 2/8/22 2/14/23 2/13/24 12/31/24 2/10/26 - -
1MXN in Million2MXN
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.77x2.15x5.42x2.28% 79.4B
11.25x1.3x4.02x6.88% 228B
9.72x2.41x6.56x6.04% 195B
14.78x2.23x5.88x3.84% 168B
12.05x1.72x7.08x3.46% 79.32B
12.03x0.82x3.04x6.43% 75.53B
28.55x5.91x21.39x3.9% 62.36B
15.47x2.66x8.34x5.23% 57.6B
15.18x1.91x6x4.58% 53.79B
14.04x2.6x6.03x4.85% 45.22B
Average 14.88x 2.37x 7.38x 4.75% 104.45B
Weighted average by Cap. 13.58x 2.16x 6.52x 5.12%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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