Projected Income Statement: América Móvil, S.A.B. de C.V.

Forecast Balance Sheet: América Móvil, S.A.B. de C.V.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 506,220 522,609 525,493 698,249 661,632 598,260 562,592 516,234
Change - 3.24% 0.55% 32.88% -5.24% -9.58% -5.96% -8.24%
Announcement Date 08/02/22 14/02/23 13/02/24 31/12/24 10/02/26 - - -
1MXN in Million
Estimates

Cash Flow Forecast: América Móvil, S.A.B. de C.V.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 145,930 159,798 131,102 113,083 114,431 138,926 139,177 155,204
Change - 9.5% -17.96% -13.74% 1.19% 21.41% 0.18% 11.52%
Free Cash Flow (FCF) 1 112,252 68,213 107,609 126,258 157,968 152,231 158,747 138,691
Change - -39.23% 57.75% 17.33% 25.12% -3.63% 4.28% -12.63%
Announcement Date 08/02/22 14/02/23 13/02/24 31/12/24 10/02/26 - - -
1MXN in Million
Estimates

Forecast Financial Ratios: América Móvil, S.A.B. de C.V.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 32.62% 39.02% 38.28% 39.52% 39.44% 39.73% 40.09% 40.37%
EBIT Margin (%) 16.48% 20.23% 20.56% 20.72% 20.28% 21.24% 21.96% 22.22%
EBT Margin (%) 11.95% 15.9% 14.13% 7.23% 15.05% 17.84% 20.64% 23.54%
Net margin (%) 19.45% 9.02% 9.33% 3.26% 8.78% 10.28% 10.6% 10.97%
FCF margin (%) 11.14% 8.08% 13.19% 14.53% 16.74% 15.65% 15.59% 13.11%
FCF / Net Income (%) 57.26% 89.57% 141.38% 446.01% 190.74% 152.29% 147.05% 119.48%

Profitability

        
ROA 11.84% 4.6% 4.78% 1.68% 4.61% 5.53% 5.83% 5.67%
ROE 18.3% 17.08% 20.56% 7.65% 19.26% 24.76% 24.74% 25.09%

Financial Health

        
Leverage (Debt/EBITDA) 1.54x 1.59x 1.68x 2.03x 1.78x 1.55x 1.38x 1.21x
Debt / Free cash flow 4.51x 7.66x 4.88x 5.53x 4.19x 3.93x 3.54x 3.72x

Capital Intensity

        
CAPEX / Current Assets (%) 14.48% 18.92% 16.07% 13.01% 12.13% 14.28% 13.67% 14.67%
CAPEX / EBITDA (%) 44.39% 48.5% 41.97% 32.92% 30.74% 35.95% 34.09% 36.35%
CAPEX / FCF (%) 130% 234.26% 121.83% 89.57% 72.44% 91.26% 87.67% 111.91%

Items per share

        
Cash flow per share 1 3.912 - 3.795 3.924 4.52 4.741 4.562 5.592
Change - - - 3.39% 15.2% 4.9% -3.79% 22.59%
Dividend per Share 1 0.44 - 0.46 0.48 0.52 0.5507 0.5856 0.6258
Change - - - 4.35% 8.33% 5.9% 6.35% 6.86%
Book Value Per Share 1 6.883 6.884 5.832 6.084 7.097 7.084 8.013 8.674
Change - 0.02% -15.28% 4.31% 16.65% -0.18% 13.12% 8.25%
EPS 1 2.97 1.19 1.21 0.46 1.37 1.773 1.972 2.258
Change - -59.93% 1.68% -61.98% 197.83% 29.43% 11.21% 14.5%
Nbr of stocks (in thousands) 64,690,445 63,335,000 62,450,000 61,017,500 60,273,000 60,084,650 60,084,650 60,084,650
Announcement Date 08/02/22 14/02/23 13/02/24 31/12/24 10/02/26 - - -
1MXN
Estimates
2026 *2027 *
P/E Ratio 13.5x 12.1x
PBR 3.37x 2.98x
EV / Sales 2.09x 1.96x
Yield 2.31% 2.45%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
A
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
23.88MXN
Average target price
24.51MXN
Spread / Average Target
+2.63%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. AMX B Stock
  4. Financials América Móvil, S.A.B. de C.V.
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