América Móvil, S.A.B. de C.V.
- Open
- 26.41
- Day high
- 26.49
- Day low
- 26.07
- Prev close
- 26.27
- Volume
- 877K
- Mkt cap
- $78.5B
- P/E (TTM)
- 15.7
- EPS (TTM)
- $1.66
- P/B
- 3.8
- P/S
- 1.5
- Yield
- 2.27%
- Per share
- $0.59
América Móvil, S.A.B. de C.V. (AMX) is a Communication Services company listed on NYSE. The stock is up 53% over the past year.
América Móvil, S.A.B. de C.V. (AMX) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
AMX earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 22, 2026 | $0.46 | $0.44 | -4.3% | $13.2B | +2.0% |
| Feb 12, 2026 | $0.40 | $0.35 | -12.5% | $13.4B | -4.8% |
| Oct 15, 2025 | $0.36 | $0.40 | +11.1% | $12.7B | -0.9% |
| Jul 22, 2025 | $0.49 | $0.38 | -22.4% | $12.5B | -0.9% |
| Apr 30, 2025 | $0.32 | $0.30 | -6.3% | $11.8B | -1.1% |
| Oct 15, 2024 | $0.31 | $0.11 | -64.5% | $11.6B | +1969.3% |
| Jul 16, 2024 | $0.34 | $-0.02 | -105.9% | $11.2B | +1614.9% |
| Apr 16, 2024 | $0.35 | $0.26 | -25.7% | $11.4B | -4.7% |
| Mar 31, 2024 | — | $0.26 | — | $12.2B | — |
| Jul 11, 2023 | $0.41 | $0.46 | +12.2% | $11.8B | -0.1% |
| Feb 14, 2023 | $0.45 | $0.37 | -17.8% | $11.0B | -0.1% |
| Oct 18, 2022 | $0.29 | $0.23 | -20.7% | $10.4B | -2.5% |
América Móvil, S.A.B. de C.V. company profile
Overview
América Móvil, S.A.B. de C.V. (NASDAQ:AMX) is Mexico's largest telecommunications company and one of the leading telecom operators in Latin America. Founded in 2000 and incorporated as a spin-off from Telmex, the company went public in 2001. América Móvil has grown through aggressive expansion across Latin America and into Eastern Europe, becoming a dominant player in mobile and fixed-line telecommunications services. The company operates under well-known brands including Telcel in Mexico, Claro across Latin America, and A1 in Eastern Europe. As of 2024, América Móvil serves approximately 286.5 million wireless subscribers across its markets and has established itself as a key infrastructure provider in the region's digital transformation.
Business
América Móvil operates in the telecommunications industry, providing a comprehensive suite of communication services across Latin America and select Eastern European markets. The telecommunications industry serves as the backbone for modern digital communication, enabling voice calls, internet access, data transmission, and entertainment services through various network technologies including cellular towers, fiber optic cables, and satellite connections. The company's core business segments include: 1. Mobile Services (approximately 60-65% of revenue): This segment provides wireless voice and data services through cellular networks. Mobile services include both postpaid plans (monthly contracts with higher-value customers) and prepaid services (pay-as-you-go plans popular in emerging markets). The company operates 2G, 3G, 4G LTE, and increasingly 5G networks across its territories. Mobile services also encompass value-added offerings such as mobile banking, machine-to-machine connectivity for Internet of Things devices, and mobile payment solutions. 2. Fixed-Line Services (approximately 25-30% of revenue): This traditional telecommunications segment includes local and long-distance voice calling services, internet connectivity through fiber optic and copper networks, and data transmission services for businesses. The company has been heavily investing in fiber-to-the-home infrastructure to provide high-speed broadband internet, with over 85% of its broadband customers now connected via fiber networks. 3. Pay Television and Entertainment (approximately 8-12% of revenue): América Móvil offers cable and satellite television services, providing subscribers with access to hundreds of channels, on-demand content, and streaming services. This segment has faced challenges from over-the-top streaming platforms but remains important for customer bundling strategies. 4. Corporate and IT Solutions (growing segment, approximately 5-8% of revenue): This emerging high-margin business provides enterprise customers with cloud computing services, cybersecurity solutions, data center hosting, network management, and software-as-a-service offerings. The company has been investing heavily in this segment as businesses undergo digital transformation.
Revenue model
América Móvil generates revenue through multiple business models tailored to different customer segments and service types. The primary revenue streams include monthly subscription fees from postpaid mobile customers, prepaid top-ups from pay-as-you-go users, and fixed monthly charges for broadband and pay-TV services. Corporate customers typically pay service fees for customized telecommunications solutions, cloud services, and IT support contracts. The company's financial performance is significantly influenced by several key factors. Currency fluctuations represent a major challenge, as most of América Móvil's operations are in emerging market currencies that tend to depreciate against the US dollar - the Brazilian real declined 13.7% and the Chilean peso dropped 11% in 2024 alone. Economic conditions in Latin American markets directly impact customer spending power, particularly affecting prepaid mobile usage and the company's ability to migrate customers to higher-value postpaid plans. Network investment requirements create both opportunities and margin pressures. The ongoing deployment of 5G networks and fiber infrastructure requires substantial capital expenditure but enables premium pricing and improved customer retention. Competitive dynamics vary by market, with intense price competition in mature markets like Mexico and Colombia, while some markets offer better pricing power. The company's strategy focuses on "more for more" pricing, offering enhanced services rather than competing solely on price. Regulatory environment across multiple countries affects pricing flexibility and market structure. Technology evolution creates both opportunities through new services like IoT and corporate cloud solutions, and challenges through equipment costs and network upgrade requirements. The company's margins benefit from economies of scale across its large subscriber base and its ability to leverage shared infrastructure investments across multiple markets.
Competitive moat
América Móvil possesses a moderate to strong competitive moat built primarily on network infrastructure advantages and market scale. The company's most significant defensive characteristic is its extensive telecommunications infrastructure across Latin America, including cellular towers, fiber optic networks, and spectrum licenses that would be extremely expensive and time-consuming for competitors to replicate. This creates substantial barriers to entry, particularly in less densely populated areas where the economics of building competing networks are challenging. The company benefits from significant economies of scale with nearly 287 million subscribers, allowing it to spread infrastructure costs across a large customer base and negotiate better equipment pricing. Its established brand recognition through Telcel and Claro provides customer loyalty and reduces customer acquisition costs compared to new entrants. However, the moat faces several vulnerabilities. The telecommunications industry is increasingly commoditized, with limited ability to differentiate basic voice and data services. Regulatory pressures across Latin American markets often force pricing constraints and mandate network sharing, reducing competitive advantages. Technological disruption poses ongoing threats - satellite internet providers like Starlink could bypass traditional terrestrial infrastructure, while over-the-top communication services reduce demand for traditional voice services. The competitive landscape varies significantly by market. In Mexico, América Móvil faces intense competition from AT&T Mexico and Telefónica, limiting pricing power. The company's moat is strongest in markets where it holds dominant positions and in its emerging corporate services segment, where it can leverage existing customer relationships and infrastructure to provide higher-margin IT solutions. The transition to 5G networks and expansion into cloud services represents an opportunity to strengthen the moat through technological leadership, but this requires continued substantial investment.
Risks & safety
América Móvil presents a moderate margin of safety with some financial strengths offset by leverage and currency exposure concerns. • Debt and Solvency: Net debt to EBITDA ratio of 1.44x is manageable but elevated, with total debt-to-equity of 2.09x indicating significant leverage. The company maintains adequate liquidity with MXN488 billion in net debt against strong operating cash flows of MXN11.5 billion annually. • Cash Generation: Strong free cash flow of MXN6.0 billion (approximately $300 million USD) provides financial flexibility. Operating cash flow of MXN11.5 billion covers capital expenditure needs and dividend payments. • Valuation Metrics: Trading at 24.9x P/E ratio appears reasonable for a utility-like business, though EV/EBITDA of 53.8x seems elevated. Price-to-book ratio of 2.53x reflects asset-heavy business model. • Working Capital: Current ratio of 0.73x indicates potential short-term liquidity pressure, though this is typical for telecom operators with predictable cash flows. • Currency Risk: Significant exposure to Latin American currency devaluation against USD creates ongoing earnings volatility and potential balance sheet stress.
Recent development
Over the past few years, América Móvil has undergone significant strategic transformation focused on network modernization and service diversification. The company has aggressively expanded its 5G network deployment across Latin America, launching services in Mexico, Brazil, Colombia, and other key markets. This 5G rollout is coupled with extensive fiber infrastructure investment, with the company achieving 85% of broadband customers now connected via fiber networks, particularly strong in Mexico with 17 million fiber home-passes. A key strategic pivot has been the expansion into corporate and IT solutions, moving beyond traditional telecommunications into cloud services, cybersecurity, and software-as-a-service offerings. This segment has shown strong growth with 12.3% revenue increases, representing the company's effort to capture higher-margin business services revenue. The company has established dedicated teams and invested in data centers, including new facilities in Peru. Market consolidation efforts have been notable, particularly the consolidation of Chilean operations with ClaroVTR and ongoing exploration of opportunities in Argentina. The company has also been experimenting with satellite backbone technology, partnering with providers like OneWeb to extend connectivity to rural areas where traditional infrastructure is economically challenging. Digital transformation initiatives have focused on improving customer experience, implementing AI for operational efficiency, and digitalizing internal processes. The company has maintained disciplined capital allocation while continuing share buyback programs, returning MXN51 billion to shareholders in 2024. Management has signaled potential for increased shareholder distributions as capital expenditure intensity decreases following major network upgrade investments.
AMX company profile · for informational purposes only — not investment advice.
Track AMX with Drillr
SEC filings, earnings calls, insider activity, alt-data signals — all queryable through Drillr's AI terminal and MCP API.
Try Drillr for free