New Street Research - AMERICA MOVIL S A B DE C V (AMX) ... AMX (Buy, TP: $24, +30%) America Movil - Capex driving FCF inflection; FY model update

Report

New Street Research

Soomit Datta

EUR 9608.00 For Business Accounts Only

AMX (Buy, TP: $24, +30%) America Movil - Capex driving FCF inflection; FY model update

We highlight how a significant decline in capex is driving up FCF in FY 24 which in turn should drive better cash returns.

21/02/2024 1 EN

Underlyings

AMERICA MOVIL S A B DE C V

See profile

US02390A1016 New York Stock Exchange Mexico

America Movil S.A.B. de C.V. ADS

See profile

US02364W1053 New York Stock Exchange Mexico

Provider

New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
Global healthcare thematic research

We provide debt research on:

Pan European Telecom Services and Cable

See profile

Analysts

Soomit Datta

Other Reports on these Companies

New Street Research

LatAm Telcos – TIM/Vivo to Neutral; Wireless MVNO threats - NuCel / Brazil macro

As well as a broader regional recap, we focus on wireless MVNO threats: NuCel in Brazil, recapping also the experience of AMX in Mexico with Bait (Walmart).

EUR 9608.00

December 9, 2024 December 9, 2024 1 EN

New Street Research

VIVT3 (Buy, TP: R$61, +15%) TIMS3 (Buy, TP: R$23, +43%) AMX (Buy, TP: $22, +37%) Vivo (BUY) and Brazil Q3 wrap - TIM lagging in wireless. NuCel the perceived overhang

Rounding off the reporting season, Vivo reported solid Q3s results with a 3% beat at EBITDA and the best postpaid net adds in Brazil this quarter.

EUR 9608.00

November 7, 2024 November 7, 2024 1 EN

New Street Research

Mexican Cable/FTTH - Q3 24: MEGA and TPLAY the strongest performers; TV still under pressure

The Mexican fixed market experienced a slight slowdown in revenue and EBITDA trends in Q3 but KPIs remained robust with 423k net additions and continued growth in Broadband penetration.

EUR 9608.00

October 29, 2024 October 29, 2024 1 EN

OpenAI: o3 is a game changer - a few steps away from AG. After the $1bn-to-train model, the $1m-inference model.

o3, only a few steps away from AGI, is a game changer for AI adoption, monetization, and infrastructure. After the $1bn-to-train model, here is the $1m-inference model.

December 23, 2024 December 23, 2024 1 EN

Chris Hoare

Chris Hoare

Airtel Africa (Buy, TP: GBp200, +85%) Second share buyback program

Airtel Africa has announced a second share buyback program of up to $100m, with the first $50m tranche starting today until the 24th of April 2025. This is positive news and as we wrote HERE reflects the strength of execution of AAF

EUR 9608.00

December 23, 2024 December 23, 2024 1 EN

Dan Salmon

Dan Salmon

Takeaways from our conversation with VerticalScope (FORA-TO, Not rated)

Yesterday we hosted the latest in our Digital Ad Exec Speaker Series with Chris Goodridge, President and COO of VerticalScope, (FORA-TO, Not rated), which operates 1,200+ online enthusiast communities with 100M+ monthly users (70% of which are in the US), generating $60M+ of digital ad revenue annually.

EUR 9608.00

December 20, 2024 December 20, 2024 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

AMX (Buy, TP: $24, +30%) America Movil - Capex driving FCF inflection; FY model update

LatAm Telcos – TIM/Vivo to Neutral; Wireless MVNO threats - NuCel / Brazil macro

VIVT3 (Buy, TP: R$61, +15%) TIMS3 (Buy, TP: R$23, +43%) AMX (Buy, TP: $22, +37%) Vivo (BUY) and Brazil Q3 wrap - TIM lagging in wireless. NuCel the perceived overhang

Mexican Cable/FTTH - Q3 24: MEGA and TPLAY the strongest performers; TV still under pressure

OpenAI: o3 is a game changer - a few steps away from AG. After the $1bn-to-train model, the $1m-inference model.

Airtel Africa (Buy, TP: GBp200, +85%) Second share buyback program

Takeaways from our conversation with VerticalScope (FORA-TO, Not rated)

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe