America Movil (AMX) AI Stock Analysis

• Market Cap: $73.01B
• Dividend Yield: 2.69%
• Average Volume (3M): 2.44M
• Price to Earnings (P/E): 16.8
• Beta (1Y): 0.34
• Revenue Growth: 1.14%
• EPS Growth: 83.48%
• Country: US
• Employees: 177,620
• Sector: Communication Services
• Sector Strength: 97
• Industry: Telecommunications Services
• EPS (TTM): 0.37
• Shares Outstanding: 3,109,250,000
• 10 Day Avg. Volume: 2,593,408
• 30 Day Avg. Volume: 2,444,043
• PEG Ratio: 0.06
• Price to Book (P/B): 3.10
• Price to Sales (P/S): 1.27
• P/FCF Ratio: 9.32
• Enterprise Value/Market Cap: 27.74
• Enterprise Value/Revenue: 2.15
• Enterprise Value/Gross Profit: 5.02
• Enterprise Value/Ebitda: 5.33
• 1Y Price Target: $24.75
• Price Target Upside: 4.17% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: $26.00 ▲(9.43% Upside)
• Action: Reiterated Date: 02/14/26
• Date: Action: Reiterated 02/14/26

The score is primarily driven by solid underlying operations and steady cash generation, offset by higher leverage, uneven growth (2025 revenue decline), and weaker recent free-cash-flow momentum. Technically, the uptrend supports the rating, but overbought signals temper it. Valuation is reasonable with a moderate dividend yield.

Positive Factors

Scale & Market Position

América Móvil’s operations span many countries with fully owned units (Telcel, Telmex) and major stakes (Claro, A1). This regional scale provides cost, network and commercial advantages, supporting competitive pricing, spectrum leverage and cross-selling that sustain margins and capital efficiency over time.

Operating Profitability & Margins

High and stable telecom margins reflect efficient network economics and recurring service revenue. Strong 2025 margins imply operating leverage that converts incremental revenue into cash, supporting sustainable EBITDA generation, resilience to competition and ability to fund capex and returns over the medium term.

Cash Generation & Deleveraging Capacity

Consistently positive operating cash flow (~225–280B annually) and the ability to fund capex and dividends while reducing net debt show durable cash conversion. This cash generation underpins investment flexibility and creditor confidence, enabling strategic moves or further balance sheet repair over coming months.

Negative Factors

High Leverage

Rising leverage materially increases financial risk and interest burden, reducing strategic flexibility. With debt-to-equity at ~2.53, the company is more exposed to rate rises or refinancing strains, limiting capacity for opportunistic investment or rapid dividend increases without further balance-sheet adjustments.

Uneven Revenue Momentum

A contraction in top-line in 2025 signals underlying demand or competitive pressures that could persist. Telecoms rely on steady ARPU and subscriber growth to sustain margins; inconsistent revenue trends make planning capex, pricing and market expansion more uncertain and can mute long-term earnings visibility.

Weaker Free Cash Flow Conversion

A substantial FCF decline and weak conversion of net income into discretionary cash reduce capacity to deleverage, invest or return capital without raising new debt. This gap between earnings and cash limits financial optionality and elevates execution risk for strategic initiatives over the next several quarters.

America Movil Business Overview & Revenue Model

Company Description

América Móvil, S.A.B. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including local, domestic, and international long-distance services; and network interconnection services. It also provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added services, including Internet access, messaging, and other wireless entertainment and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services. In addition, the company offers residential broadband services; IT solutions for small businesses and large corporations; and cable and satellite pay television subscriptions. Further, it sells equipment, accessories, and computers; and offers telephone directories, wireless security, call center, advertising, media, and software development services. Additionally, the company provides video, audio, and other media content through the Internet directly from the content provider to the end user. It sells its products and services under the Telcel, Telmex Infinitum, and A1 brands through a network of retailers and service centers to retail customers; and through sales force to corporate customers. As of December 31, 2021, the company had approximately 286.5 million wireless voice and data subscribers. América Móvil, S.A.B. de C.V. was incorporated in 2000 and is based in Mexico City, Mexico.

How the Company Makes Money

America Movil generates revenue primarily through its telecommunications services, which include mobile voice and data, fixed-line services, broadband, and television broadcasting. The company's mobile segment is a significant contributor to its earnings, driven by subscription fees, usage charges, and data plans. Additionally, revenue is generated from fixed-line services, including internet and landline subscriptions. America Movil also earns from advertising and content services associated with its television offerings. The company has strategic partnerships with various technology and media firms, enhancing its service offerings and expanding its customer base. Furthermore, its investments in network infrastructure and expansion into new markets play a crucial role in sustaining its revenue growth.

America Movil Financial Statement Overview

Summary

Operating performance is solid with strong margins and consistently positive operating cash flow, but the score is held back by 2025 revenue contraction, meaningful net income volatility across years, rising leverage (debt-to-equity ~2.53), and weaker 2025 free cash flow momentum with modest cash conversion versus earnings.

Income Statement

Profitability remains solid for a telecom operator, with 2025 showing strong operating performance (gross margin ~43%, EBIT margin ~21%, EBITDA margin ~40%) and a rebound in net margin (~8.8%) versus the unusually weak 2024 net margin (~2.6%). However, top-line momentum is uneven: revenue growth turned negative in 2025 (-6.3%) after modest growth in 2024, and net income has been volatile over the period (notably very high in 2021, then much lower in 2024 before recovering in 2025). Overall: strong operating engine, but inconsistent revenue growth and bottom-line volatility cap the score.

Balance Sheet

The balance sheet is leveraged, with debt-to-equity rising to ~2.53 in 2025 from ~1.71–1.72 in 2022–2023 (and ~2.12 in 2024), signaling increased reliance on debt financing. Equity is relatively stable (~363–390B range since 2021), while assets expanded to ~1.80T in 2025. Returns on equity improved materially in 2025 (~21%) from 2024 (~6%), but the higher leverage level increases financial risk and reduces flexibility versus prior years.

Cash Flow

Cash generation is consistently positive, with operating cash flow remaining strong (roughly ~225–280B annually) and free cash flow positive each year. That said, free cash flow declined meaningfully in 2025 (down ~33% year over year), and free cash flow covers only about half of net income in 2024–2025 (~0.53), suggesting earnings quality is not fully translating into discretionary cash. Operating cash flow relative to revenue is steady but not exceptional (~0.46–0.55), supporting stability but with some recent weakening in free cash flow momentum.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	885.08B	869.22B	816.01B	844.50B	830.69B
Gross Profit	380.05B	538.04B	499.54B	513.97B	502.18B
EBITDA	355.47B	292.50B	264.58B	286.07B	273.93B
Net Income	77.68B	22.90B	76.11B	76.16B	192.42B
Balance Sheet
Total Assets	1.80T	1.79T	1.56T	1.62T	1.69T
Cash, Cash Equivalents and Short-Term Investments	35.01B	83.35B	100.35B	122.13B	156.38B
Total Debt	918.75B	780.72B	625.85B	644.74B	662.68B
Total Liabilities	1.37T	1.36T	1.14T	1.18T	1.24T
Stockholders Equity	362.66B	369.09B	366.71B	373.80B	389.63B
Cash Flow
Free Cash Flow	120.67B	126.26B	91.75B	79.09B	100.11B
Operating Cash Flow	228.00B	239.34B	248.09B	225.29B	258.18B
Investing Cash Flow	-118.52B	-129.24B	-164.99B	-152.36B	-76.52B
Financing Cash Flow	-108.21B	-103.12B	-84.95B	-73.35B	-177.37B

America Movil Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 23.76
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMX, the sentiment is Positive. The current price of 23.76 is above the 20-day moving average (MA) of 22.42, above the 50-day MA of 21.38, and above the 200-day MA of 19.89, indicating a bullish trend. The MACD of 0.82 indicates Negative momentum. The RSI at 65.78 is Neutral, neither overbought nor oversold. The STOCH value of 79.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AMX.

America Movil Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VIV	77 Outperform	$25.04B	23.49	8.36%	5.03%	-3.16%	4.70%
TLK	75 Outperform	$20.46B	15.47	15.54%	6.14%	-5.21%	-7.45%
TKC	74 Outperform	$6.20B	14.87	7.60%	5.57%	19.02%	9.26%
AMX	68 Neutral	$73.01B	16.81	22.81%	2.69%	1.14%	83.48%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
VOD	58 Neutral	$36.24B	-8.48	-7.08%	3.77%	19.67%	-278.51%

America Movil Corporate Events

América Móvil Posts Strong 4Q25 Growth, Boosts Cash Flow and Cuts Debt

In its fourth-quarter 2025 results released in February 2026, América Móvil reported robust subscriber growth, adding 2.5 million wireless customers and 524,000 broadband connections, with Brazil, Colombia and Mexico driving postpaid gains and PayTV also expanding. The group’s broad geographic footprint, including fully owned units like Telcel and Telmex in Mexico and majority stakes in operators such as Claro in Brazil and A1 in Austria, underpinned ongoing scale advantages across wireless, wireline and towers.

Fourth-quarter 2025 revenue rose 3.4% in Mexican peso terms, or 6.2% at constant exchange rates, as service revenue increased in both mobile and fixed-line segments, supported by strong broadband, corporate networks and postpaid performance. Profitability improved with EBITDA up 4.2% in pesos and the margin at 38.8%, net income jumping to 19.1 billion pesos on lower financing costs, and 2025 operating cash flow fully funding capex and shareholder payouts while reducing net debt to 448 billion pesos, signaling strengthened balance-sheet and cash-generation capacity for investors and creditors.

The most recent analyst rating on (AMX) stock is a Hold with a $19.50 price target. To see the full list of analyst forecasts on America Movil stock, see the AMX Stock Forecast page.

América Móvil Ends Joint Acquisition Plan with ENTEL

On December 3, 2025, América Móvil announced the termination of a non-binding agreement with Empresa Nacional de Telecomunicaciones S.A. (ENTEL). The agreement, initially entered into on July 18, was aimed at jointly acquiring certain assets and businesses related to Telefónica S.A.’s Chilean operations. América Móvil will now explore the possibility of participating in this acquisition process independently, which could impact its strategic positioning in the telecommunications market.

The most recent analyst rating on (AMX) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on America Movil stock, see the AMX Stock Forecast page.

América Móvil Issues New Senior Notes to Boost Financial Strategy

On November 25, 2025, América Móvil announced the issuance of two series of senior notes: 10.125% Senior Notes due 2029 and 10.300% Senior Notes due 2034. These notes, part of a larger financial strategy, are intended to raise capital for the company, with a total aggregate principal amount reaching Ps.27,000,000,000 for the 2029 notes and Ps.30,000,000,000 for the 2034 notes. The issuance is part of América Móvil’s efforts to strengthen its financial position and expand its operations, with the notes being listed on the Luxembourg Stock Exchange and the Mexican Stock Exchange. This move is likely to impact the company’s market positioning by enhancing its financial flexibility and potentially attracting more investors.

The most recent analyst rating on (AMX) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on America Movil stock, see the AMX Stock Forecast page.

América Móvil Releases Financial Review for September 2025

América Móvil released its financial and operational review for the nine-month periods ending September 30, 2024, and 2025. The report highlights the company’s performance metrics, including a substantial number of wireless and fixed RGUs, indicating a strong market position in Latin America and Europe. The review provides insights into the company’s strategic focus on expanding its telecommunications services across multiple regions, which is crucial for stakeholders assessing América Móvil’s market competitiveness and growth potential.

The most recent analyst rating on (AMX) stock is a Buy with a $25.00 price target. To see the full list of analyst forecasts on America Movil stock, see the AMX Stock Forecast page.