América Móvil, S.A.B. de C.V. (AMX) Aandelenanalyse

Bedrijfsoverzicht

América Móvil, S.A.B. de C.V. operates as a leading telecommunications provider, delivering wireless and fixed voice services including airtime, local, domestic, and international long-distance connections alongside network interconnection and data services across Latin America and international markets. The company functions within the Communication Services sector, specifically the Telecom Services industry, positioning it as a critical infrastructure provider for digital connectivity in the region. Its operational scale is substantial, evidenced by a market capitalization of $81.83B and an annual revenue stream of $943.64B, supported by a workforce of 177711 employees. These valuation and revenue figures indicate that the entity holds a dominant position in its industry, reflecting significant market penetration and the ability to generate massive revenue flows from its extensive network assets and subscriber base.

Financiële gezondheid

The financial performance metrics for the trailing twelve months show a revenue of $943.64B, a net income of $82.82B, and an EBITDA of $372.21B. The substantial gap between the $943.64B revenue and the $82.82B net income reveals a cost structure where operating expenses, including cost of goods sold and general administrative costs, absorb a significant portion of gross inflows before reaching the bottom line. The company generated $129.57B in free cash flow, which indicates a strong capacity to fund capital expenditures, service debt obligations, and return capital to shareholders without relying solely on external financing. Profitability analysis across three key margins shows a gross margin of 42.9%, an operating margin of 20.1%, and a profit margin of 8.8%, where the gross margin reflects high value capture on services, the operating margin demonstrates efficient management of overheads, and the profit margin highlights the impact of interest and taxes. The balance sheet presents a leveraged profile with $739.02B in debt against $77.38B in cash, resulting in a debt-to-equity ratio of 172.80, which suggests the company utilizes significant leverage to finance its infrastructure and operations. Liquidity assessment via the current ratio of 0.74 indicates that current assets are lower than current liabilities, suggesting the company relies on long-term financing or operating cash flows to meet short-term obligations rather than holding substantial liquid reserves. Return metrics reveal a return on equity of 20.5% and a return on assets of 6.7%, indicating that management is highly effective at generating shareholder value relative to equity invested, while the asset return reflects the capital-intensive nature of the telecom business requiring substantial asset base to generate earnings.

Waarderingsbeoordeling

Valuation multiples indicate a trailing P/E ratio of 17.32 and a forward P/E of 13.54, where the difference between these figures implies that the market expects earnings to grow significantly in the future to justify the lower forward multiple. The price-to-book ratio stands at 3.97, indicating that the market values the company at nearly four times its book value, suggesting a premium assigned to its intangible assets, brand strength, and regulated utility-like characteristics. Alternative valuation metrics provide further perspective with a price-to-sales ratio of 0.09 and an EV/EBITDA of 6.18, where the low price-to-sales ratio relative to the high revenue suggests valuation is not priced on top-line expansion but on earnings generation, while the EV/EBITDA of 6.18 offers a capital structure-adjusted view of valuation efficiency. Historical price volatility is contextualized by a 52-week high of $27.70 and a 52-week low of $14.32, with the current trading price situated within this range, reflecting the impact of recent market conditions on the stock's trajectory. The beta value of 0.31 indicates that the stock exhibits low volatility relative to the broader market, moving less than half as much as the market index and offering a stability profile distinct from high-growth technology sectors.

Growth & Income

Growth dynamics are characterized by a revenue growth of 3.4% year-over-year and an earnings growth of 400.1% year-over-year, where the dramatic disparity between these rates implies that earnings are growing much faster than revenue, likely due to non-recurring items, accounting adjustments, or significant one-off gains impacting the net income figure disproportionately. For dividend payers, the company offers a dividend yield of 2.1% with a payout ratio of 38.0%, where this payout ratio is sustainable given the strong earnings growth and robust free cash flow generation, allowing the company to maintain payouts while retaining capital for reinvestment. The overall growth and income profile is defined by exceptional earnings acceleration that outpaces revenue expansion, supported by a consistent dividend policy that returns capital to investors while maintaining a conservative payout relative to earnings.