América Móvil, S.A.B. de C.V.

BMV:AMX B Stock Report

Market Cap: Mex$1.3t

América Móvil. de Future Growth

Future criteria checks 2/6

América Móvil. de is forecast to grow earnings and revenue by 8.9% and 3.7% per annum respectively. EPS is expected to grow by 12.1% per annum. Return on equity is forecast to be 23.6% in 3 years.

Key information

8.9%

Earnings growth rate

12.05%

EPS growth rate

Wireless Telecom earnings growth0.6%
Revenue growth rate3.7%
Future return on equity23.57%
Analyst coverage

Good

Last updated07 Jun 2026

Recent future growth updates

Analysis Article • Apr 25

Earnings Beat: América Móvil, S.A.B. de C.V. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

As you might know, América Móvil, S.A.B. de C.V. ( BMV:AMXB ) recently reported its first-quarter numbers. América...
Analysis Article • Feb 13

Earnings Miss: América Móvil, S.A.B. de C.V. Missed EPS By 5.0% And Analysts Are Revising Their Forecasts

Shareholders of América Móvil, S.A.B. de C.V. ( BMV:AMXB ) will be pleased this week, given that the stock price is up...

Recent updates

Narrative Update • Jun 06

AMX B: Future Returns Will Depend On Dividend Policy And Share Repurchases

Analysts have slightly reduced their MX$ fair value estimate for América Móvil to MX$24.34, citing updated assumptions for revenue growth, profit margin, and future P/E that result in a modest adjustment to price target expectations. What's in the News América Móvil, S.A.B. de C.V. plans to hold an Analyst/Investor Day, giving management an opportunity to update the market on business priorities and capital allocation plans.
Narrative Update • May 23

AMX B: Future Returns Will Rely On Margins P/E And Dividend Policy

Analysts now view América Móvil shares as fairly valued at approximately MX$24.37 per share. This represents a change of about MX$0.42 from the previous MX$23.95 price target, reflecting updated assumptions for revenue growth, profit margins, and future P/E levels.
New Narrative • May 22

Fiber And Converged Services Will Drive Long Term Upside Potential

Catalysts About América Móvil. de América Móvil.
Analysis Article • Apr 25

Earnings Beat: América Móvil, S.A.B. de C.V. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

As you might know, América Móvil, S.A.B. de C.V. ( BMV:AMXB ) recently reported its first-quarter numbers. América...
Narrative Update • Apr 25

AMX B: Future Returns Will Depend On Margins P/E And Dividend Plan

Analysts now set a fresh price target of MX$23.95 for América Móvil, up from MX$23.00. This reflects updated assumptions around slightly higher revenue growth, a modestly stronger profit margin, and a small adjustment to the forward P/E outlook.
New Narrative • Apr 20

Heavy CapEx And Currency Risks Will Constrain Telecom Margins Over The Coming Years

Catalysts About América Móvil. de América Móvil.
Narrative Update • Apr 10

AMX B: Future Returns Will Rely On Margins P/E And Dividend Proposal

Analysts have adjusted their MX$ price target for América Móvil to MX$23.00. This reflects updated views on fair value, projected revenue growth, profit margin expectations and a slightly higher assumed future P/E multiple.
Narrative Update • Mar 27

AMX B: Future Returns Will Depend On Margins P/E And Dividend Certainty

Analysts now set their price target for América Móvil at about MX$22.91, up from roughly MX$22.18, citing updated assumptions for fair value, revenue growth and profit margins, along with a slightly adjusted forward P/E outlook. What's in the News Shareholders are scheduled to vote at the April 2026 meeting on paying a MX$0.54 dividend per share, in two equal installments, on series B shares of América Móvil, S.A.B. de C.V. (Key Developments) The proposed dividend is subject to potential adjustments if corporate actions, such as share repurchases or new share placements, change the number of outstanding shares before the payment dates (Key Developments) Investors watching América Móvil may want to track the April 2026 shareholders' meeting outcome to understand the confirmed dividend level and timing for the series B shares (Key Developments) Valuation Changes Fair Value: Updated estimate moves from MX$22.18 to MX$22.91, representing a modest upward adjustment in the modelled share value.
Narrative Update • Mar 13

AMX B: Future Upside Will Rely On Steady Margins And P/E Support

Analysts have nudged their price target for América Móvil higher from MX$22.08 to MX$22.18, citing refreshed assumptions around revenue growth, margins and future P/E that leave their overall valuation framework largely intact. Valuation Changes Fair Value: MX$22.08 to MX$22.18, a small upward adjustment in the target level.
Narrative Update • Feb 26

AMX B: Future Upside Will Depend On Stable Earnings Margin And P/E Support

Analysts now set their average price target for América Móvil at roughly MX$22.08, up from about MX$21.73. This reflects updated assumptions for slightly higher revenue growth, improved profit margins and a modestly lower future P/E multiple.
Analysis Article • Feb 13

Earnings Miss: América Móvil, S.A.B. de C.V. Missed EPS By 5.0% And Analysts Are Revising Their Forecasts

Shareholders of América Móvil, S.A.B. de C.V. ( BMV:AMXB ) will be pleased this week, given that the stock price is up...
Narrative Update • Feb 11

AMX B: Future Upside Will Depend On Stable P/E Multiple Support

Analysts have kept their fair value estimate for América Móvil steady at MX$21.73, with only minor tweaks to the discount rate, growth, margin and future P/E assumptions that do not materially alter their overall price target view. Valuation Changes Fair Value: MX$21.73 remains unchanged, indicating no adjustment to the overall valuation anchor.
Narrative Update • Jan 27

AMX B: Future Returns Will Rely On Steady P/E Multiple Support

Analysts have slightly reduced their price target for América Móvil, adjusting their estimate of fair value from $21.93 to $21.73 as they incorporate modestly revised assumptions for revenue growth, profit margin, and future P/E. Valuation Changes Fair Value: Trimmed slightly, with the estimated fair value moving from US$21.93 to US$21.73.
Narrative Update • Jan 10

AMX B: Future Returns Will Rely On Higher P/E Multiple

Analysts have nudged their price target for América Móvil up slightly to about $21.93 from roughly $21.73, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E expectations. Valuation Changes Fair Value: Updated from US$21.73 to about US$21.93, a slight upward adjustment in the modelled estimate.
Analysis Article • Dec 26

América Móvil. de's (BMV:AMXB) Returns Have Hit A Wall

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
Narrative Update • Dec 16

AMX B Future Returns Will Benefit From Higher Earnings Multiple Despite Margin Pressure

Analysts have nudged their price target on América Móvil higher from $21.48 to $21.73, citing slightly richer future earnings multiples, despite marginal trims to long term revenue growth and profit margin assumptions. Valuation Changes The fair value estimate has risen slightly from MX$21.48 to MX$21.73 per share, implying a modest uplift in intrinsic value.
Analysis Article • Dec 08

Is América Móvil. de (BMV:AMXB) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Narrative Update • Dec 02

AMX B: Future Performance Will Balance Modest Profit Decline With Revenue Improvement

Analysts have increased their price target for América Móvil, raising it from €21.10 to €21.48. This adjustment is largely due to slightly improved revenue growth forecasts, even though there is a marginal decline in profit margin expectations.
Narrative Update • Nov 18

AMX B: Future Performance Will Balance Modest Profit Decline With Revenue Improvement

Analysts have slightly raised their price target for América Móvil, moving it up from $20.90 to $21.10. They cite modest improvements in projected revenue growth and adjusted discount rate assumptions as the reasons for this increase.
Narrative Update • Nov 03

AMX B: Profit Margins And Stable Outlook Will Sustain Upcoming Performance

Narrative Update on América Móvil: Analyst Price Target Revision Analysts have increased their price target for América Móvil from €20.65 to €20.90. This change reflects modest improvements in profit margin forecasts and continued confidence in the company's stable outlook.
Narrative Update • Oct 20

Fiber And 5G Expansion Will Drive Latin America's Digital Transformation

Analysts have modestly increased their price target for América Móvil. de, raising it from $20.27 to $20.65.
Analysis Article • Oct 18

América Móvil. de (BMV:AMXB) Will Pay A Dividend Of MX$0.26

The board of América Móvil, S.A.B. de C.V. ( BMV:AMXB ) has announced that it will pay a dividend on the 10th of...
Narrative Update • Oct 06

Fiber And 5G Expansion Will Drive Latin America's Digital Transformation

Analysts have modestly raised their price target for América Móvil, increasing the fair value estimate from approximately $20.03 to $20.27 per share. This change is attributed to incremental improvements in profit margin forecasts and valuation metrics.
Analysis Article • Oct 02

América Móvil. de's (BMV:AMXB) Dividend Will Be MX$0.26

América Móvil, S.A.B. de C.V. ( BMV:AMXB ) has announced that it will pay a dividend of MX$0.26 per share on the 10th...
Narrative Update • Sep 05

Fiber And 5G Expansion Will Drive Latin America's Digital Transformation

América Móvil’s valuation outlook remains stable, with both its Future P/E and revenue growth forecasts essentially unchanged, resulting in the consensus analyst price target holding steady at MX$20.03. What's in the News Inversora Bursátil, S.A. de C.V., Casa de Bolsa, Grupo Financiero Inbursa is no longer the Co-Lead Underwriter for América Móvil's MXN 6.02232 billion fixed-income offering.
Analysis Article • Sep 04

Returns On Capital At América Móvil. de (BMV:AMXB) Have Stalled

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article • Jul 30

Investors Appear Satisfied With América Móvil, S.A.B. de C.V.'s (BMV:AMXB) Prospects

América Móvil, S.A.B. de C.V.'s ( BMV:AMXB ) price-to-earnings (or "P/E") ratio of 20x might make it look like a strong...
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New Narrative • Nov 07

5G Revolution And Critical Focus Propel Telecom Growth Across Latin America

Network upgrades and fiber expansion in Mexico position América Móvil for growth, enhancing revenue and net margins via efficiencies.

Earnings and Revenue Growth Forecasts

BMV:AMX B - Analysts future estimates and past financials data (MXN Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20281,057,859116,082138,691221,46812
12/31/20271,016,032107,142158,747213,22615
12/31/2026971,399100,067152,231182,38017
3/31/2026948,44487,517149,566277,332N/A
12/31/2025943,63882,819141,582272,399N/A
9/30/2025935,68267,759138,966267,934N/A
6/30/2025926,22151,486130,118259,663N/A
3/31/2025897,96128,111117,570251,379N/A
12/31/2024869,22122,902108,506239,341N/A
9/30/2024832,99336,890106,048248,920N/A
6/30/2024813,37732,491107,634255,732N/A
3/31/2024810,38459,459103,609252,487N/A
12/31/2023816,01376,11191,753248,092N/A
9/30/2023831,26281,14978,208233,159N/A
6/30/2023838,21394,18363,812221,720N/A
3/31/2023847,93582,24466,981225,391N/A
12/31/2022844,50182,87867,433225,287N/A
9/30/2022833,31979,83039,966205,607N/A
6/30/2022833,29775,71153,837214,177N/A
3/31/2022854,742102,90666,319228,275N/A
12/31/2021830,68768,187105,190258,182N/A
9/30/2021703,75868,455153,450282,376N/A
6/30/2021753,19976,413170,714293,648N/A
3/31/2021973,11074,301175,407302,847N/A
12/31/2020815,39935,265154,685280,828N/A
9/30/20201,024,99830,314146,616289,615N/A
6/30/20201,013,26124,455125,748274,923N/A
3/31/20201,011,75319,316101,410252,140N/A
12/31/2019851,48357,886N/A234,278N/A
9/30/20191,023,96261,442N/A252,253N/A
6/30/20191,023,42367,280N/A238,343N/A
3/31/20191,030,32353,353N/A240,767N/A
12/31/20181,038,20852,566N/A248,331N/A
9/30/20181,022,31126,787N/A220,102N/A
6/30/20181,018,564-1,642N/A208,520N/A
3/31/20181,011,01712,237N/A200,587N/A
12/31/20171,021,63429,326N/A217,772N/A
9/30/20171,027,11034,649N/A221,113N/A
6/30/20171,032,63146,319N/A234,044N/A
3/31/20171,016,58539,706N/A224,108N/A
12/31/2016975,4128,649N/A235,798N/A
9/30/2016936,51030,285N/A181,442N/A
6/30/2016910,23525,278N/A189,068N/A
3/31/2016896,68731,626N/A178,887N/A
12/31/2015893,73835,055N/A163,727N/A
9/30/2015892,61022,442N/A215,524N/A
6/30/2015890,05935,702N/A211,178N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AMX B's forecast earnings growth (8.9% per year) is below the savings rate (9%).

Earnings vs Market: AMX B's earnings (8.9% per year) are forecast to grow faster than the MX market (8.8% per year).

High Growth Earnings: AMX B's earnings are forecast to grow, but not significantly.

Revenue vs Market: AMX B's revenue (3.7% per year) is forecast to grow slower than the MX market (6.5% per year).

High Growth Revenue: AMX B's revenue (3.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AMX B's Return on Equity is forecast to be high in 3 years time (23.6%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/10 22:56
End of Day Share Price 2026/06/10 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

América Móvil, S.A.B. de C.V. is covered by 37 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Martín LaraActinver Case de Bolsa, S.A. de C.V.
William Noel MilnerArete Research Services LLP
Amir RozwadowskiBarclays