AMERICA MOVIL SAB DE CV/
AMXdata completeness 88%8 fiscal years on fileData notes: no data for concept 'totalDebt'; no data for concept 'epsDiluted'; no data for concept 'interestExpense'
AMERICA MOVIL SAB DE CV/ earns about 21% on invested capital, far above its ~9% cost of capital, but has diluted owners by 92054529% over 5 years — a real edge showing up in the numbers. The estimate methods put fair value between $0.71 and $1.9 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|
| Revenue | $51B1 | $41.6B2 | $43.5B3 | $48.3B4 | $42.9B5 |
| Net income | $2.35B6 | $9.54B7 | $4.2B8 | $4.78B9 | $1.36B10 |
| Operating cash flow | $14.1B11 | $12.5B12 | $11.6B13 | $14.7B14 | $11.8B15 |
| Capital expenditure | $5.46B16 | $7.06B17 | $7.53B18 | $7.76B19 | $5.58B20 |
| Free cash flow (derived) | $8.62B11 | $5.49B12 | $4.08B13 | $6.93B14 | $6.23B15 |
| Total debt | — | — | — | — | — |
| Cash & equivalents | $1.74B21 | $1.99B22 | $2B23 | $1.31B24 | $1.81B24 |
| Diluted shares | 66,265 | 65.97B | 63.94B | 62.45B | 61.00B |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $2.99 of net worth that earned you $0.22 and generated $1.02 of cash last year.
It earned about 21% on invested capital, year after year, against a ~9% cost of capital — the footprint of real pricing power. Competition usually drags returns like this back down; here it hasn't.
seeing a moat in the numbers →Share count is up 92054529% over 5 years — owners have been diluted. Worth asking what they got for it.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
The 3 estimate methods that apply put fair value between $0.71 and $1.9 a share. They rest on different assumptions, so where they diverge is the story.
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears10
- fcfGrowth4.3%
- fcfBase$6.23B
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth4.3%
- fcfBase$6.23B
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$4.2B
- growthAssumed0.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $1.49 |
| Base | 4.3% | $1.79 |
| Bull | 9.3% | $2.2 |
Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.
Default growth 4.3%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.
- 20-F · period ending 2020-12-31 · accession 0001193125-21-137773 (Revenue)
- 20-F · period ending 2021-12-31 · accession 0001193125-22-133020 (Revenue)
- 20-F · period ending 2022-12-31 · accession 0001193125-23-129777 (Revenue)
- 20-F/A · period ending 2023-12-31 · accession 0001193125-25-077049 (Revenue)
- 20-F · period ending 2024-12-31 · accession 0001140361-25-018954 (Revenue)
- 20-F · period ending 2020-12-31 · accession 0001193125-21-137773 (ProfitLossAttributableToOwnersOfParent)
- 20-F · period ending 2021-12-31 · accession 0001193125-22-133020 (ProfitLoss)
- 20-F · period ending 2022-12-31 · accession 0001193125-23-129777 (ProfitLoss)
- 20-F/A · period ending 2023-12-31 · accession 0001193125-25-077049 (ProfitLoss)
- 20-F · period ending 2024-12-31 · accession 0001140361-25-018954 (ProfitLoss)
- 20-F · period ending 2020-12-31 · accession 0001193125-21-137773 (CashFlowsFromUsedInOperatingActivities)
- 20-F · period ending 2021-12-31 · accession 0001193125-22-133020 (CashFlowsFromUsedInOperatingActivities)
- 20-F · period ending 2022-12-31 · accession 0001193125-23-129777 (CashFlowsFromUsedInOperatingActivities)
- 20-F/A · period ending 2023-12-31 · accession 0001193125-25-077049 (CashFlowsFromUsedInOperatingActivities)
- 20-F · period ending 2024-12-31 · accession 0001140361-25-018954 (CashFlowsFromUsedInOperatingActivities)
- 20-F · period ending 2020-12-31 · accession 0001193125-21-137773 (PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities)
- 20-F · period ending 2021-12-31 · accession 0001193125-22-133020 (PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities)
- 20-F · period ending 2022-12-31 · accession 0001193125-23-129777 (PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities)
- 20-F/A · period ending 2023-12-31 · accession 0001193125-25-077049 (PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities)
- 20-F · period ending 2024-12-31 · accession 0001140361-25-018954 (PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities)
- 20-F · period ending 2020-12-31 · accession 0001193125-22-133020 (CashAndCashEquivalents)
- 20-F · period ending 2021-12-31 · accession 0001193125-23-129777 (CashAndCashEquivalents)
- 20-F/A · period ending 2022-12-31 · accession 0001193125-25-077049 (CashAndCashEquivalents)
- 20-F · period ending 2023-12-31 · accession 0001140361-25-018954 (CashAndCashEquivalents)