Declared Dividend • May 14
Dividend increased to Mex$3.70 Dividend of Mex$3.70 is 11% higher than last year. Ex-date: 20th May 2026 Payment date: 21st May 2026 Dividend yield will be 6.1%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (114% earnings payout ratio). However, it is well covered by cash flows (41% cash payout ratio). The dividend has increased by an average of 9.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 26% to bring the payout ratio under control. EPS is expected to grow by 59% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • May 13
Megacable Holdings, S. A. B. de C. V. announces Annual dividend, payable on May 21, 2026 Megacable Holdings, S. A. B. de C. V. announced Annual dividend of MXN 3.7000 per share payable on May 21, 2026, ex-date on May 20, 2026 and record date on May 20, 2026. Reported Earnings • Apr 26
First quarter 2026 earnings: Revenues in line with analyst expectations First quarter 2026 results: Revenue: Mex$9.36b (up 8.7% from 1Q 2025). Net income: Mex$841.1m (up 16% from 1Q 2025). Profit margin: 9.0% (up from 8.4% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Global Media industry. Announcement • Apr 10
Megacable Holdings, S. A. B. de C. V. to Report Q1, 2026 Results on Apr 23, 2026 Megacable Holdings, S. A. B. de C. V. announced that they will report Q1, 2026 results After-Market on Apr 23, 2026 Announcement • Apr 02
Megacable Holdings, S. A. B. de C. V., Annual General Meeting, Apr 23, 2026 Megacable Holdings, S. A. B. de C. V., Annual General Meeting, Apr 23, 2026. Location: nh guadalajara hotel, av sao paulo 2334, providencia neighborhood, jalisco, guadalajara Mexico New Risk • Mar 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Mexican stocks, typically moving 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risks Dividend is not well covered by earnings (114% payout ratio). Share price has been volatile over the past 3 months (5.0% average weekly change). New Risk • Feb 25
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risk Dividend is not well covered by earnings (114% payout ratio). Reported Earnings • Feb 23
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: Mex$1.76. Revenue: Mex$35.4b (up 7.3% from FY 2024). Net income: Mex$2.84b (up 24% from FY 2024). Profit margin: 8.0% (up from 6.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 50%. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Global Media industry. Announcement • Feb 05
Megacable Holdings, S. A. B. de C. V. to Report Q4, 2025 Results on Feb 19, 2026 Megacable Holdings, S. A. B. de C. V. announced that they will report Q4, 2025 results After-Market on Feb 19, 2026 New Risk • Oct 30
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risk Dividend is not well covered by earnings (114% payout ratio). Reported Earnings • Oct 25
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: Mex$0.39. Revenue: Mex$8.92b (up 8.6% from 3Q 2024). Net income: Mex$627.8m (up 26% from 3Q 2024). Profit margin: 7.0% (up from 6.1% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 52%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Global Media industry. Announcement • Oct 09
Megacable Holdings, S. A. B. de C. V. to Report Q3, 2025 Results on Oct 23, 2025 Megacable Holdings, S. A. B. de C. V. announced that they will report Q3, 2025 results After-Market on Oct 23, 2025 New Risk • Oct 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Mexican stocks, typically moving 4.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Dividend is not well covered by earnings (119% payout ratio). Share price has been volatile over the past 3 months (4.7% average weekly change). New Risk • Jul 29
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Dividend is not well covered by earnings (119% payout ratio). Share price has been volatile over the past 3 months (5.0% average weekly change). Reported Earnings • Jul 27
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: Mex$0.48. Revenue: Mex$8.70b (up 6.9% from 2Q 2024). Net income: Mex$767.7m (up 34% from 2Q 2024). Profit margin: 8.8% (up from 7.0% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 42%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Global Media industry. Buy Or Sell Opportunity • Jul 11
Now 24% undervalued Over the last 90 days, the stock has risen 25% to Mex$53.47. The fair value is estimated to be Mex$70.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Announcement • Jul 10
Megacable Holdings, S. A. B. de C. V. to Report Q2, 2025 Results on Jul 24, 2025 Megacable Holdings, S. A. B. de C. V. announced that they will report Q2, 2025 results After-Market on Jul 24, 2025 Buy Or Sell Opportunity • Jun 18
Now 20% undervalued Over the last 90 days, the stock has risen 25% to Mex$51.54. The fair value is estimated to be Mex$64.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has declined by 14%. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 25% per annum over the same time period. Buy Or Sell Opportunity • May 21
Now 21% undervalued Over the last 90 days, the stock has risen 20% to Mex$50.68. The fair value is estimated to be Mex$64.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has declined by 13%. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 25% per annum over the same time period. Upcoming Dividend • May 14
Upcoming dividend of Mex$3.34 per share Eligible shareholders must have bought the stock before 21 May 2025. Payment date: 22 May 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.7%. Lower than top quartile of Mexican dividend payers (5.8%). Higher than average of industry peers (4.8%). Declared Dividend • Apr 30
Dividend increased to Mex$3.34 Dividend of Mex$3.34 is 8.4% higher than last year. Ex-date: 21st May 2025 Payment date: 22nd May 2025 Dividend yield will be 7.0%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is not covered by earnings (104% earnings payout ratio). However, it is covered by cash flows (70% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 16% to bring the payout ratio under control. EPS is expected to grow by 59% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Apr 29
Megacable Holdings, S. A. B. de C. V. announces Annual dividend, payable on May 22, 2025 Megacable Holdings, S. A. B. de C. V. announced Annual dividend of MXN 3.3400 per share payable on May 22, 2025, ex-date on May 21, 2025 and record date on May 21, 2025. Reported Earnings • Apr 27
First quarter 2025 earnings: Revenues miss analyst expectations First quarter 2025 results: Revenue: Mex$8.61b (up 7.8% from 1Q 2024). Net income: Mex$723.3m (down 9.7% from 1Q 2024). Profit margin: 8.4% (down from 10.0% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.5%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Global Media industry. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Apr 11
Megacable Holdings, S. A. B. de C. V. to Report Q1, 2025 Results on Apr 24, 2025 Megacable Holdings, S. A. B. de C. V. announced that they will report Q1, 2025 results After-Market on Apr 24, 2025 New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Mexican stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Dividend is not well covered by earnings (104% payout ratio). Share price has been volatile over the past 3 months (5.4% average weekly change). Announcement • Apr 02
Megacable Holdings, S. A. B. de C. V., Annual General Meeting, Apr 24, 2025 Megacable Holdings, S. A. B. de C. V., Annual General Meeting, Apr 24, 2025. Location: nh guadalajara hotel, av sao paulo 2334, providencia neighborhood, jalisco, guadalajara Mexico New Risk • Feb 24
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.7x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risk Dividend is not well covered by earnings (104% payout ratio). Reported Earnings • Feb 21
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: Mex$1.50 (down from Mex$3.30 in FY 2023). Revenue: Mex$32.8b (up 9.9% from FY 2023). Net income: Mex$2.40b (down 16% from FY 2023). Profit margin: 7.3% (down from 9.5% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 51%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Global Media industry. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Jan 30
Megacable Holdings, S. A. B. de C. V. to Report Q4, 2024 Results on Feb 20, 2025 Megacable Holdings, S. A. B. de C. V. announced that they will report Q4, 2024 results at 3:00 PM, Central Standard Time on Feb 20, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: EPS: Mex$0.58 (down from Mex$0.68 in 3Q 2023). Revenue: Mex$8.22b (up 9.7% from 3Q 2023). Net income: Mex$500.3m (down 5.8% from 3Q 2023). Profit margin: 6.1% (down from 7.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 56%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Global Media industry. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 11% per year. Announcement • Oct 10
Megacable Holdings, S. A. B. de C. V. to Report Q3, 2024 Results on Oct 24, 2024 Megacable Holdings, S. A. B. de C. V. announced that they will report Q3, 2024 results on Oct 24, 2024 Major Estimate Revision • Aug 01
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from Mex$3.64 to Mex$3.14 per share. Revenue forecast steady at Mex$33.0b. Net income forecast to grow 33% next year vs 23% growth forecast for Media industry in Mexico. Consensus price target broadly unchanged at Mex$59.02. Share price fell 4.1% to Mex$43.79 over the past week. New Risk • Jul 30
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 104% Cash payout ratio: 270% Minor Risk Share price has been volatile over the past 3 months (5.8% average weekly change). Reported Earnings • Jul 28
Second quarter 2024 earnings: Revenues in line with analyst expectations Second quarter 2024 results: Revenue: Mex$8.14b (up 10% from 2Q 2023). Net income: Mex$571.3m (down 34% from 2Q 2023). Profit margin: 7.0% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Global Media industry. Over the last 3 years on average, earnings per share has fallen by 15% per year and the company’s share price has also fallen by 15% per year. Announcement • Jul 12
Megacable Holdings, S. A. B. de C. V. to Report Q2, 2024 Results on Jul 25, 2024 Megacable Holdings, S. A. B. de C. V. announced that they will report Q2, 2024 results on Jul 25, 2024 Upcoming Dividend • May 14
Upcoming dividend of Mex$3.08 per share Eligible shareholders must have bought the stock before 21 May 2024. Payment date: 23 May 2024. Payout ratio is on the higher end at 91%, and the cash payout ratio is above 100%. Trailing yield: 5.6%. Lower than top quartile of Mexican dividend payers (6.6%). In line with average of industry peers (5.3%). Price Target Changed • Apr 29
Price target increased by 7.1% to Mex$57.27 Up from Mex$53.48, the current price target is an average from 12 analysts. New target price is 12% above last closing price of Mex$50.91. Stock is up 4.7% over the past year. The company is forecast to post earnings per share of Mex$3.48 for next year compared to Mex$3.52 last year. Reported Earnings • Apr 27
First quarter 2024 earnings released First quarter 2024 results: Revenue: Mex$7.98b (up 12% from 1Q 2023). Net income: Mex$801.3m (flat on 1Q 2023). Profit margin: 10.0% (down from 11% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Global Media industry. Announcement • Apr 12
Megacable Holdings, S. A. B. de C. V. to Report Q1, 2024 Results on Apr 25, 2024 Megacable Holdings, S. A. B. de C. V. announced that they will report Q1, 2024 results on Apr 25, 2024 Reported Earnings • Feb 18
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: Mex$3.52 (down from Mex$4.17 in FY 2022). Revenue: Mex$29.9b (up 10.0% from FY 2022). Net income: Mex$2.84b (down 21% from FY 2022). Profit margin: 9.5% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 49%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Global Media industry. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 15% per year. New Risk • Feb 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Mexican stocks, typically moving 6.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (6.8% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Paying a dividend despite having no free cash flows. Minor Risk High level of debt (52% net debt to equity). Announcement • Feb 02
Megacable Holdings, S. A. B. de C. V. to Report Q4, 2023 Results on Feb 15, 2024 Megacable Holdings, S. A. B. de C. V. announced that they will report Q4, 2023 results on Feb 15, 2024 Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to Mex$47.20, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Media industry globally. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$67.45 per share. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to Mex$43.90, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Media industry globally. Total loss to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$74.18 per share. Price Target Changed • Nov 07
Price target decreased by 13% to Mex$48.05 Down from Mex$55.03, the current price target is an average from 11 analysts. New target price is 42% above last closing price of Mex$33.76. Stock is down 25% over the past year. The company is forecast to post earnings per share of Mex$3.42 for next year compared to Mex$4.17 last year. New Risk • Nov 03
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 52% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 91% Paying a dividend despite having no free cash flows. Minor Risk High level of debt (52% net debt to equity). Buying Opportunity • Nov 03
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be Mex$43.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has declined by 13%. For the next 3 years, revenue is forecast to grow by 7.7% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Reported Earnings • Oct 31
Third quarter 2023 earnings: EPS misses analyst expectations Third quarter 2023 results: EPS: Mex$0.34 (down from Mex$1.00 in 3Q 2022). Revenue: Mex$7.49b (up 11% from 3Q 2022). Net income: Mex$531.3m (down 35% from 3Q 2022). Profit margin: 7.1% (down from 12% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 59%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Media industry in South America. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Announcement • Oct 13
Megacable Holdings, S. A. B. de C. V. to Report Q3, 2023 Results on Oct 26, 2023 Megacable Holdings, S. A. B. de C. V. announced that they will report Q3, 2023 results on Oct 26, 2023 New Risk • Jul 31
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 49% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (49% net debt to equity). Paying a dividend despite having no free cash flows. Reported Earnings • Jul 30
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: EPS: Mex$0.54 (down from Mex$1.26 in 2Q 2022). Revenue: Mex$7.37b (up 10% from 2Q 2022). Net income: Mex$867.8m (down 15% from 2Q 2022). Profit margin: 12% (down from 15% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 47%. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Media industry in South America. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 14% per year. Announcement • Jul 13
Megacable Holdings, S. A. B. de C. V. to Report Q2, 2023 Results on Jul 27, 2023 Megacable Holdings, S. A. B. de C. V. announced that they will report Q2, 2023 results at 8:30 AM, Central Standard Time on Jul 27, 2023 Reported Earnings • Apr 30
First quarter 2023 earnings: Revenues exceed analyst expectations First quarter 2023 results: Revenue: Mex$7.15b (up 9.0% from 1Q 2022). Net income: Mex$796.6m (down 32% from 1Q 2022). Profit margin: 11% (down from 18% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.2%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Media industry in South America. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 7% per year. Major Estimate Revision • Mar 14
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from Mex$4.21 to Mex$3.72 per share. Revenue forecast steady at Mex$30.0b. Net income forecast to grow 0.5% next year vs 13% growth forecast for Media industry in Mexico. Consensus price target broadly unchanged at Mex$68.97. Share price was steady at Mex$49.60 over the past week. Major Estimate Revision • Feb 28
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from Mex$4.84 to Mex$4.23. Revenue forecast unchanged from Mex$29.9b at last update. Net income forecast to grow 29% next year vs 12% growth forecast for Media industry in Mexico. Consensus price target broadly unchanged at Mex$71.38. Share price fell 9.2% to Mex$49.39 over the past week. Reported Earnings • Feb 26
Full year 2022 earnings released Full year 2022 results: Revenue: Mex$27.2b (up 10% from FY 2021). Net income: Mex$3.57b (up 2.8% from FY 2021). Profit margin: 13% (in line with FY 2021). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Media industry in South America. Announcement • Feb 08
Megacable Holdings, S. A. B. de C. V. to Report Q4, 2022 Results on Feb 23, 2023 Megacable Holdings, S. A. B. de C. V. announced that they will report Q4, 2022 results on Feb 23, 2023 Price Target Changed • Jan 12
Price target increased to Mex$71.20 Up from Mex$66.10, the current price target is an average from 11 analysts. New target price is 24% above last closing price of Mex$57.35. Stock is down 14% over the past year. The company is forecast to post earnings per share of Mex$4.67 for next year compared to Mex$4.03 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Enrique Ramon Coppel Luken was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: Mex$6.74b (up 9.6% from 3Q 2021). Net income: Mex$823.0m (down 11% from 3Q 2021). Profit margin: 12% (down from 15% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Media industry in South America. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Announcement • Oct 14
Megacable Holdings, S. A. B. de C. V. to Report Q3, 2022 Results on Oct 27, 2022 Megacable Holdings, S. A. B. de C. V. announced that they will report Q3, 2022 results on Oct 27, 2022 Price Target Changed • Sep 01
Price target decreased to Mex$68.67 Down from Mex$74.56, the current price target is an average from 7 analysts. New target price is 62% above last closing price of Mex$42.36. Stock is down 40% over the past year. The company is forecast to post earnings per share of Mex$4.97 for next year compared to Mex$4.03 last year. Price Target Changed • Aug 16
Price target decreased to Mex$70.11 Down from Mex$75.56, the current price target is an average from 7 analysts. New target price is 55% above last closing price of Mex$45.23. Stock is down 36% over the past year. The company is forecast to post earnings per share of Mex$5.14 for next year compared to Mex$4.03 last year. Reported Earnings • Jul 29
Second quarter 2022 earnings released: EPS: Mex$0.63 (vs Mex$1.38 in 2Q 2021) Second quarter 2022 results: EPS: Mex$0.63 (down from Mex$1.38 in 2Q 2021). Revenue: Mex$6.68b (up 10% from 2Q 2021). Net income: Mex$1.02b (down 11% from 2Q 2021). Profit margin: 15% (down from 19% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 7.1% compared to a 5.4% decline forecast for the industry in Mexico. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Announcement • Jul 13
Megacable Holdings, S. A. B. de C. V. to Report Q2, 2022 Results on Jul 26, 2022 Megacable Holdings, S. A. B. de C. V. announced that they will report Q2, 2022 results at 11:30 AM, Central Standard Time on Jul 26, 2022