Aankondiging • Oct 02
América Móvil, S.A.B. de C.V. to Report Q3, 2025 Results on Oct 14, 2025 América Móvil, S.A.B. de C.V. announced that they will report Q3, 2025 results at 3:00 PM, Central Standard Time on Oct 14, 2025 Declared Dividend • Sep 22
First half dividend of Mex$0.26 announced Shareholders will receive a dividend of Mex$0.26. Ex-date: 7th November 2025 Payment date: 10th November 2025 Dividend yield will be 33%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 74% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Declared Dividend • Sep 10
First half dividend of Mex$0.26 announced Shareholders will receive a dividend of Mex$0.26. Ex-date: 7th November 2025 Payment date: 10th November 2025 Dividend yield will be 34%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 74% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Declared Dividend • Jul 30
Dividend of Mex$0.26 announced Shareholders will receive a dividend of Mex$0.26. Ex-date: 7th November 2025 Payment date: 10th November 2025 Dividend yield will be 37%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 69% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jul 15
América Móvil, S.A.B. De C.V. Appoints Guadalupe De La Vega as an Independent Non-Executive Director Fresnillo plc announced that, in accordance with UK Listing Rule 6.4.9R(2), Ms Guadalupe de la Vega has advised the Company that she has been appointed as an Independent Non-Executive Director of América Móvil, S.A.B. de C.V. Aankondiging • Jul 09
América Móvil, S.A.B. de C.V. to Report Q2, 2025 Results on Jul 22, 2025 América Móvil, S.A.B. de C.V. announced that they will report Q2, 2025 results After-Market on Jul 22, 2025 Aankondiging • May 01
América Móvil, S.A.B. de C.V. announced delayed 20-F filing On 04/30/2025, América Móvil, S.A.B. de C.V. announced that they will be unable to file their next 20-F by the deadline required by the SEC. Aankondiging • Apr 16
América Móvil, S.A.B. de C.V. to Report Q1, 2025 Results on Apr 29, 2025 América Móvil, S.A.B. de C.V. announced that they will report Q1, 2025 results After-Market on Apr 29, 2025 Aankondiging • Apr 11
América Móvil, S.A.B. de C.V., Annual General Meeting, Apr 30, 2025 América Móvil, S.A.B. de C.V., Annual General Meeting, Apr 30, 2025. Location: 15th floor telcel building, plaza carso 245 lago zurich, ampliacion granada, miguel hidalgo, 11529, mexico Mexico Aankondiging • Mar 22
América Móvil, S.A.B. De C.V. Proposes Dividend AMÉRICA MÓVIL, S.A.B. DE C.V. at its shareholders’ meeting, to be held during April 2025 to pay a MXN 0.52 dividend per share, in two equal installments, to each of the shares of its capital stock, series “B”, subject to adjustments arising from corporate events, including the repurchase or placement of its own shares, that may vary the number of outstanding shares as of the dividend payment dates. Reported Earnings • Feb 15
Full year 2024 earnings released: EPS: Mex$464 (vs Mex$1.21 in FY 2023) Full year 2024 results: EPS: Mex$464. Revenue: Mex$869.2b (up 6.5% from FY 2023). Net income: Mex$28.3b (down 63% from FY 2023). Profit margin: 3.3% (down from 9.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Wireless Telecom industry in Europe. Aankondiging • Jan 22
América Móvil, S.A.B. de C.V. to Report Q4, 2024 Results on Feb 11, 2025 América Móvil, S.A.B. de C.V. announced that they will report Q4, 2024 results After-Market on Feb 11, 2025 Upcoming Dividend • Nov 01
Upcoming dividend of Mex$0.24 per share Eligible shareholders must have bought the stock before 08 November 2024. Payment date: 11 November 2024. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Spanish dividend payers (5.2%). Lower than average of industry peers (8.1%). New Risk • Oct 18
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 95% 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 (95% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (4.4% net profit margin). Reported Earnings • Oct 16
Third quarter 2024 earnings released: EPS: Mex$0.10 (vs Mex$0.03 in 3Q 2023) Third quarter 2024 results: EPS: Mex$0.10 (up from Mex$0.03 in 3Q 2023). Revenue: Mex$223.5b (up 9.6% from 3Q 2023). Net income: Mex$6.43b (up 217% from 3Q 2023). Profit margin: 2.9% (up from 1.0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Aankondiging • Oct 02
América Móvil, S.A.B. de C.V. to Report Q3, 2024 Results on Oct 15, 2024 América Móvil, S.A.B. de C.V. announced that they will report Q3, 2024 results After-Market on Oct 15, 2024 Reported Earnings • Jul 18
Second quarter 2024 earnings released: Mex$0.018 loss per share (vs Mex$0.41 profit in 2Q 2023) Second quarter 2024 results: Mex$0.018 loss per share (down from Mex$0.41 profit in 2Q 2023). Revenue: Mex$205.5b (up 1.5% from 2Q 2023). Net loss: Mex$1.09b (down 104% from profit in 2Q 2023). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Declared Dividend • Jul 14
Dividend of Mex$0.24 announced Shareholders will receive a dividend of Mex$0.24. Ex-date: 8th November 2024 Payment date: 11th November 2024 Dividend yield will be 30%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Jul 05
Upcoming dividend of Mex$0.24 per share Eligible shareholders must have bought the stock before 12 July 2024. Payment date: 15 July 2024. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Spanish dividend payers (5.5%). Lower than average of industry peers (8.1%). Aankondiging • Jul 04
América Móvil, S.A.B. de C.V. to Report Q2, 2024 Results on Jul 16, 2024 América Móvil, S.A.B. de C.V. announced that they will report Q2, 2024 results After-Market on Jul 16, 2024 Declared Dividend • May 02
Dividend of Mex$0.24 announced Shareholders will receive a dividend of Mex$0.24. Ex-date: 12th July 2024 Payment date: 15th July 2024 Dividend yield will be 28%, which is higher than the industry average of 3.6%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 19
First quarter 2024 earnings released: EPS: Mex$0.22 (vs Mex$0.48 in 1Q 2023) First quarter 2024 results: EPS: Mex$0.22 (down from Mex$0.48 in 1Q 2023). Revenue: Mex$203.3b (down 2.7% from 1Q 2023). Net income: Mex$13.5b (down 55% from 1Q 2023). Profit margin: 6.6% (down from 14% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, while revenues in the Wireless Telecom industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Apr 02
América Móvil, S.A.B. de C.V. to Report Q1, 2024 Results on Apr 16, 2024 América Móvil, S.A.B. de C.V. announced that they will report Q1, 2024 results After-Market on Apr 16, 2024 New Risk • Feb 16
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 117% 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 Share price has been highly volatile over the past 3 months (7.1% average weekly change). Minor Risk High level of debt (117% net debt to equity). New Risk • Jan 26
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 Spanish stocks, typically moving 5.7% 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: Minor Risks High level of debt (95% net debt to equity). Share price has been volatile over the past 3 months (5.7% average weekly change). Aankondiging • Jan 25
América Móvil, S.A.B. de C.V. to Report Q4, 2023 Results on Feb 13, 2024 América Móvil, S.A.B. de C.V. announced that they will report Q4, 2023 results After-Market on Feb 13, 2024 Upcoming Dividend • Nov 02
Upcoming dividend of Mex$0.23 per share at 3.1% yield Eligible shareholders must have bought the stock before 09 November 2023. Payment date: 13 November 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Spanish dividend payers (6.2%). Lower than average of industry peers (7.9%). New Risk • Oct 26
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 95% 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 (95% net debt to equity). Share price has been volatile over the past 3 months (4.2% average weekly change). New Risk • Oct 22
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 101% 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 (101% net debt to equity). Share price has been volatile over the past 3 months (4.2% average weekly change). Reported Earnings • Oct 20
Third quarter 2023 earnings released: EPS: Mex$0.032 (vs Mex$0.23 in 3Q 2022) Third quarter 2023 results: EPS: Mex$0.032 (down from Mex$0.23 in 3Q 2022). Revenue: Mex$203.8b (down 5.0% from 3Q 2022). Net income: Mex$2.03b (down 86% from 3Q 2022). Profit margin: 1.0% (down from 6.8% in 3Q 2022). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Aankondiging • Oct 07
América Móvil, S.A.B. de C.V. to Report Q3, 2023 Results on Oct 17, 2023 América Móvil, S.A.B. de C.V. announced that they will report Q3, 2023 results at 3:00 PM, Central Standard Time on Oct 17, 2023 New Risk • Aug 14
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 Spanish stocks, typically moving 4.0% 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: Minor Risks High level of debt (95% net debt to equity). Share price has been volatile over the past 3 months (4.0% average weekly change). Upcoming Dividend • Jul 06
Upcoming dividend of Mex$0.23 per share at 2.5% yield Eligible shareholders must have bought the stock before 13 July 2023. Payment date: 17 July 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Spanish dividend payers (5.9%). Lower than average of industry peers (8.1%). Aankondiging • Jun 28
América Móvil, S.A.B. de C.V. to Report Q2, 2023 Results on Jul 11, 2023 América Móvil, S.A.B. de C.V. announced that they will report Q2, 2023 results at 3:00 PM, Central Standard Time on Jul 11, 2023 Buying Opportunity • May 19
Now 21% undervalued Over the last 90 days, the stock is up 6.7%. The fair value is estimated to be €1.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.2% over the last 3 years. Earnings per share has grown by 38%. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings is also forecast to grow by 7.8% per annum over the same time period. Reported Earnings • Apr 27
First quarter 2023 earnings released First quarter 2023 results: Revenue: Mex$208.9b (down 1.1% from 1Q 2022). Net income: Mex$30.1b (down 2.1% from 1Q 2022). Profit margin: 14% (in line with 1Q 2022). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Wireless Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. 
