Upside case
Bull case
$734+2609.3%
AMX would need investors to value it at roughly 22x earnings — about 21x more generous than today's 1x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated May 1, 2026
América Móvil, S.A.B. de C.V. (AMX) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
24
analysts
11 bullish · 3 bearish · 24 covering AMX
Strong Buy
0
Buy
11
Hold
10
Sell
3
Strong Sell
0
Consensus Target
$27
-1.3% vs today
Scenario Range
$265 – $734
Model bear to bull value window
Coverage
24
Published analyst ratings
Valuation Context
0.8x
Forward P/E · Market cap $81.5B
AMX price targets
Three scenarios for where AMX stock could go
Current
~$27
Confidence
36 / 100
Updated
May 1, 2026
Where we are now
Current · $27
Bear
$265
Base
$508
Bull
$734
Market caseClosest to today
Base case
$508+1774.4%
At 15x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$265+877.3%
The bear case assumes sentiment or fundamentals disappoint enough to push AMX down roughly 877% from the current price.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
América Móvil, S.A.B. de C.V.
AMX · NYSECommunication ServicesTelecommunications ServicesDecember year-end
América Móvil is a Latin American telecommunications giant providing wireless and fixed-line services across the region. It generates revenue primarily from mobile services (~60% of sales), fixed-line services (~25%), and pay-TV/broadband (~15%) through its extensive network infrastructure. The company's key advantage is its massive scale and first-mover position — it operates the largest wireless network in Latin America with over 300 million subscribers, creating significant network effects and cost advantages.
Market Cap
$81.5B
Revenue TTM
$939.7B
Net Income TTM
$82.5B
Net Margin
8.8%
AMX Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
9%Exceptional
12 quarters tracked
Revenue Beat Rate
55%Exceptional
vs consensus estimates
Avg EPS Surprise
-29.5%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q1 2026
Q1 2026
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 0 of 4Q1 2026
EPS
$0.35/$0.40
Revenue
$13.6B/$13.4B
Q1 2026
EPS
$0.35/$0.43
Revenue
$13.6B/$14.0B
Q1 2026
EPS
$0.35/$0.40
Revenue
$13.6B/$13.4B
Q2 2026
EPS
$0.44/$0.46
Revenue
$13.2B/$13.0B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q1 2026 | $0.35/$0.40 | -12.5% | $13.6B/$13.4B | +1.6% |
| Q1 2026 | $0.35/$0.43 | -17.4% | $13.6B/$14.0B | -3.0% |
| Q1 2026 | $0.35/$0.40 | -12.5% | $13.6B/$13.4B | +1.6% |
| Q2 2026 | $0.44/$0.46 | -4.3% | $13.2B/$13.0B | +2.0% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$961.9B
+2.4% YoY
FY2
$982.8B
+2.2% YoY
EPS Outlook
FY1
$27.73
+0.5% YoY
FY2
$27.94
+0.8% YoY
Trailing FCF (TTM)$173.3B
FCF Margin: 18.4%
Next Earnings
—
Expected EPS
—
Expected Revenue
—
AMX beat EPS estimates in 0 of 4 tracked quarters. Mixed delivery makes the upcoming report a key data point for re-rating.
AMX Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Significantly Undervalued
Fair value est. $273 — implies +935.6% from today's price.
Upside to Fair Value
935.6%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
AMX
18.2x
vs
S&P 500
25.2x
28% discount
vs Communication Services Trailing P/E
AMX
18.2x
vs
Communication Services
15.5x
+17% premium
vs AMX 5Y Avg P/E
Today
18.2x
vs
5Y Average
1.0x
+1640% premium
Forward PE
0.8x
S&P 500
19.1x
-96%
Communication Services
13.1x
-94%
5Y Avg
—
—
Trailing PE
18.2x
S&P 500
25.2x
-28%
Communication Services
15.5x
+17%
5Y Avg
1.0x
+1640%
PEG Ratio
0.93x
S&P 500
1.75x
-47%
Communication Services
0.66x
+41%
5Y Avg
—
—
EV/EBITDA
6.5x
S&P 500
15.3x
-58%
Communication Services
8.7x
-26%
5Y Avg
2.4x
+166%
Price/FCF
11.7x
S&P 500
21.3x
-45%
Communication Services
11.6x
+1%
5Y Avg
0.6x
+1892%
Price/Sales
1.6x
S&P 500
3.1x
-49%
Communication Services
1.0x
+52%
5Y Avg
0.1x
+2206%
Dividend Yield
2.19%
S&P 500
1.88%
+17%
Communication Services
3.38%
-35%
5Y Avg
—
—
| Metric | AMX | S&P 500 | Communication Services | 5Y Avg AMX |
|---|---|---|---|---|
| Forward PE | 0.8x | 19.1x-96% | 13.1x-94% | — |
| Trailing PE | 18.2x | 25.2x-28% | 15.5x+17% | 1.0x+1640% |
| PEG Ratio | 0.93x | 1.75x-47% | 0.66x+41% | — |
| EV/EBITDA | 6.5x | 15.3x-58% | 8.7x-26% | 2.4x+166% |
| Price/FCF | 11.7x | 21.3x-45% | 11.6x | 0.6x+1892% |
| Price/Sales | 1.6x | 3.1x-49% | 1.0x+52% | 0.1x+2206% |
| Dividend Yield | 2.19% | 1.88% | 3.38% | — |
AMX trades above S&P 500 benchmarks on 0 of 6 measured multiples — appears modestly priced relative to the S&P 500 on most measures.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolAMX Financial Health
Verdict
Exceptional
AMX earns 20.5% operating margin on regulated earnings, 2.2% dividend yield. Utilities carry higher leverage than industrials as a structural feature of the business model.
Regulated Operations
Revenue, regulated margins, and earnings
Revenue (TTM)
Trailing-twelve-month sales base
$939.7B
Revenue Growth
TTM vs prior year
+7.0%
Operating Margin
Operating income divided by revenue
20.5%
Net Margin
Net income divided by revenue
8.8%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$27.60
Operating Margin
Operating income over revenue — primary regulated earnings signal
20.5%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
11.2%
ROA
Return on assets, trailing twelve months
4.5%
Cash & Equivalents
Liquid assets on the balance sheet
$35.0B
Net Debt
Total debt minus cash
$883.7B
Debt Serviceability
Net debt as a multiple of annual free cash flow
5.1× FCF
Regulated utilities typically operate at 3–5× net debt/FCF — this is structural, not a risk flag.
ROE
Return on equity, trailing twelve months
18.6%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
3.0%
Dividend
2.2%
Buyback
0.8%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$11.2B
Dividend / Share
Annualized trailing dividend per share
$10.29
Payout Ratio
Share of earnings distributed as dividends
40.0%
Shares Outstanding
Declining as buybacks retire shares
3.0B
All figures from the trailing twelve months. Utilities operate with structural leverage (3–5× net debt/FCF) due to regulated, predictable cash flows.
Open full ratios pageAMX Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 11, 2026
High Risk
Debt & Leverage
America Movil’s balance sheet shows a net cash position of -$36.62 billion and a debt‑to‑equity ratio of 2.04x, indicating a heavy debt burden that could constrain future investment and increase financial risk.
High Risk
Macroeconomic Instability
Currency depreciation against the U.S. dollar in Latin America can severely erode reported earnings and shareholder returns, making the company vulnerable to regional economic volatility.
Medium
Regulatory Intervention
Ongoing regulatory scrutiny in key markets, notably Mexico, poses a persistent risk that could lead to stricter compliance costs or operational restrictions.
Medium
Competitive Landscape
Upcoming constitutional reforms in Mexico that could transform the telecom sector into a state‑controlled entity may intensify competition and pressure profitability for America Movil.
Medium
Market‑Specific Performance
Mexico’s wireless service revenues are growing slower than inflation, and VTR’s year‑over‑year sales decline coupled with a low EBITDA margin signal potential growth constraints.
Lower
Geopolitical Uncertainty
Global geopolitical events can affect investor sentiment and trigger short‑term market volatility, impacting the company’s stock price.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why AMX Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 11, 2026
Robust Revenue Growth & Profitability
América Móvil is projected to grow revenue by about 5% next year, with a compound annual growth rate of roughly 3% over the next three years. Earnings per share are expected to rise at a CAGR of 5% during the same period, and long‑term forecasts show a revenue CAGR of 2.5% and EPS CAGR of 4.5% through FY2031. The company’s return on equity stands at 18.92%, underscoring strong profitability.
5G Monetization & Cash Flow Generation
The firm plans incremental monetization of its 5G network, which is expected to drive additional revenue streams. Coupled with continued robust free cash flow, this strategy provides ample resources to fund shareholder returns without compromising growth.
Healthy Balance Sheet Advantage
América Móvil maintains a Net Debt/EBITDA ratio of approximately 1.6x, giving it a healthier balance sheet compared to heavily indebted European competitors. This low leverage supports flexibility in financing growth and returns.
Technical Buy Signals & Momentum
The stock has generated buy signals from both short‑ and long‑term moving averages, and it has risen 18.09% from a pivot bottom in March 2026. Analysts project a potential 23.65% rise over the next three months, indicating strong upward momentum.
Regional Economic Upside
A strong regional economy could lift América Móvil’s revenue by approximately 5% in the next year, aligning the company’s growth trajectory with broader GDP expansion.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
AMX Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$27.10
52W Range Position
95%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$16.60
+63.3% from the low
52-Week High
$27.70
-2.2% from the high
1 Month
+7.16%
3 Month
+26.05%
YTD
+31.1%
1 Year
+57.5%
3Y CAGR
+8.9%
5Y CAGR
+13.6%
10Y CAGR
+7.7%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
AMX vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
0.8x
vs 11.1x median
-93% below peer median
Revenue Growth
+2.4%
vs +2.6% median
-9% below peer median
Net Margin
8.8%
vs 12.4% median
-29% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
AMX AMX América Móvil, S.A.B. de C.V. | $81.5B | 0.8x | +2.4% | 8.8% | Buy | -1.3% |
T T AT&T Inc. | $178.4B | 11.1x | +1.4% | 16.9% | Hold | +15.1% |
VZ VZ Verizon Communications Inc. | $200.1B | 9.6x | +2.6% | 12.4% | Hold | +8.7% |
TMU TMUS T-Mobile US, Inc. | $209.0B | 18.4x | +5.2% | 11.6% | Buy | +31.5% |
TU TU TELUS Corporation | $20.0B | 19.5x | +3.7% | 5.4% | Buy | +76.2% |
BCE BCE BCE Inc. | $22.6B | 9.3x | +1.9% | 25.8% | Hold | +7.3% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
AMX Dividend and Capital Return
AMX returns 3.0% total yield, led by a 2.18% dividend, raised 5 consecutive years. Buybacks add another 0.8%.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
3.0%
Dividend + buyback return per year
Buyback Yield
0.8%
Dividend Yield
2.18%
Payout Ratio
40.0%
How AMX Splits Its Return
Div 2.18%
Buyback 0.8%
Dividend 2.18%Buybacks 0.8%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$10.29
Growth Streak
Consecutive years of dividend increases
5Y
3Y Div CAGR
-8.4%
5Y Div CAGR
9.7%
Ex-Dividend Date
—
Payment Cadence
Semi-Annual
2 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$11.2B
Estimated Shares Retired
413M
Approx. Share Reduction
13.7%
Shares Outstanding
Current diluted share count from the screening snapshot
3.0B
At 13.7%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2025 | $0.56 | +10.6% | 17.9% | 67.7% |
| 2024 | $0.51 | -97.7% | 51.5% | 100.0% |
| 2023 | $22.19 | +2952.1% | 24.5% | 76.7% |
| 2022 | $0.73 | +83.0% | 44.9% | 95.7% |
| 2021 | $0.40 | +12.8% | 52.8% | 92.7% |
FAQ
7 questionsAMX Investor Questions
Common questions answered from live analyst data and company financials.
01Is América Móvil, S.A.B. de C.V. (AMX) stock a buy or sell in 2026?
América Móvil, S.A.B. de C.V. (AMX) is rated Buy by Wall Street analysts as of 2026. Of 24 analysts covering the stock, 11 rate it Buy or Strong Buy, 10 rate it Hold, and 3 rate it Sell or Strong Sell. The consensus 12-month price target is $27, implying -1.3% from the current price of $27. The bear case scenario is $265 and the bull case is $734.
02What is the AMX stock price target for 2026?
The Wall Street consensus price target for AMX is $27 based on 24 analyst estimates. The high-end target is $32 (+16.2% from today), and the low-end target is $22 (-18.8%). The base case model target is $508.
03Is América Móvil, S.A.B. de C.V. (AMX) stock overvalued in 2026?
AMX trades at 0.8x times forward earnings. The stock currently trades at a discount to the broader market. Based on current multiples versus the peer group, the relative model signals significantly undervalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for América Móvil, S.A.B. de C.V. (AMX) stock in 2026?
The primary risks for AMX in 2026 are: (1) Debt & Leverage — America Movil’s balance sheet shows a net cash position of -$36. (2) Macroeconomic Instability — Currency depreciation against the U. (3) Regulatory Intervention — Ongoing regulatory scrutiny in key markets, notably Mexico, poses a persistent risk that could lead to stricter compliance costs or operational restrictions. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is América Móvil, S.A.B. de C.V.'s revenue and earnings forecast?
Analyst consensus estimates AMX will report consensus revenue of $961.9B (+2.4% year-over-year) and EPS of $27.73 (+0.5% year-over-year) for the upcoming fiscal year. The following year, analysts project $982.8B in revenue.
06When does América Móvil, S.A.B. de C.V. (AMX) report its next earnings?
A confirmed upcoming earnings date for AMX is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
07How much free cash flow does América Móvil, S.A.B. de C.V. generate?
América Móvil, S.A.B. de C.V. (AMX) generated $173.3B in free cash flow over the trailing twelve months — a free cash flow margin of 18.4%. AMX returns capital to shareholders through dividends (2.2% yield) and share repurchases ($11.2B TTM).