America Movil Sab De CV/ (AMX) intrinsic value & 10-year financials
America Movil Sab De CV/ (AMX) has a Graham intrinsic value of $9.45 per share. At $24.98 on Oct 22, 2026, the stock trades 164% above that value. Over the last 10 fiscal years revenue shrank 0.3% a year to $869.2B, with an average return on invested capital of 15.3%.
- Graham intrinsic value
- $9.45
- Share price (Oct 22, 2026)
- $24.98
- Price vs Graham value
- 164% above
- Market cap
- $1.5T
- Revenue (FY2024)
- $869.2B
- Revenue growth (10-yr CAGR)
- -0.3%
- ROIC (10-yr avg)
- 15.3%
- Free cash flow (FY2024)
- $126.3B
AMX 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2024 | $869.2B | $27.6B | — | $126.3B | 20.7% | 9.7% |
| FY2023 | $816.0B | $80.8B | — | $117.0B | 20.6% | 13.0% |
| FY2022 | $844.5B | $81.5B | — | $79.1B | 20.2% | 11.5% |
| FY2021 | $855.5B | $196.3B | — | $112.9B | 19.4% | 15.4% |
| FY2020 | $1.0T | $51.0B | $0.00 | $171.9B | 16.3% | 14.4% |
| FY2019 | $1.0T | $70.3B | $0.00 | $101.4B | 15.4% | 10.6% |
| FY2018 | $1.0T | $54.5B | $0.00 | $104.4B | 13.4% | 8.4% |
| FY2017 | $1.0T | $32.2B | $0.00 | $98.6B | 9.8% | 6.0% |
| FY2016 | $975.4B | $12.1B | $0.00 | $97.1B | 11.2% | 5.9% |
| FY2015 | $893.7B | $37.0B | $0.00 | $35.7B | 15.8% | 57.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
AMERICA MOVIL SAB DE CV/ is facing top-line stagnation, with revenue contracting over the decade.
AMERICA MOVIL SAB DE CV/ has earned high returns on invested capital, averaging 15.3% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Over the decade, AMERICA MOVIL SAB DE CV/ shows that management has aggressively returned capital to shareholders by retiring 100.0% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, AMERICA MOVIL SAB DE CV/ is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $9.45 per share.