Discounted Cash Flow (DCF) Analysis Levered

América Móvil, S.A.B. de C.V. (AMOV)

$20.75

-0.23 (-1.10%)
All numbers are in Millions, Currency in USD
Stock DCF: -23.58 | 20.75 | overvalue

Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 1,022,8641,007,3481,016,887855,535844,501.40807,075.43771,308.07737,125.83704,458.44673,238.79
Revenue (%)
Operating Cash Flow 12,638.0112,390.9614,122.4412,581.1611,560.5310,804.9310,326.099,868.469,431.129,013.16
Operating Cash Flow (%)
Capital Expenditure -7,322.73-7,025.59-5,305.21-6,860.65-7,501.82-5,851.75-5,592.42-5,344.58-5,107.72-4,881.36
Capital Expenditure (%)
Free Cash Flow 5,315.275,365.388,817.225,720.504,058.724,953.184,733.674,523.894,323.404,131.80

Weighted Average Cost Of Capital

Share price $ 20.75
Beta 0.279
Diluted Shares Outstanding 3,343.10
Cost of Debt
Tax Rate 43.28
After-tax Cost of Debt 29.56%
Risk-Free Rate
Market Risk Premium
Cost of Equity 5.635
Total Debt 134,148.81
Total Equity 69,369.32
Total Capital 203,518.14
Debt Weighting 65.91
Equity Weighting 34.09
Wacc

Build Up Free Cash Flow

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Revenue 1,022,8641,007,3481,016,887855,535844,501.40807,075.43771,308.07737,125.83704,458.44673,238.79
Operating Cash Flow 12,638.0112,390.9614,122.4412,581.1611,560.5310,804.9310,326.099,868.469,431.129,013.16
Capital Expenditure -7,322.73-7,025.59-5,305.21-6,860.65-7,501.82-5,851.75-5,592.42-5,344.58-5,107.72-4,881.36
Free Cash Flow 5,315.275,365.388,817.225,720.504,058.724,953.184,733.674,523.894,323.404,131.80
WACC
PV LFCF 4,080.053,211.892,528.461,990.451,566.92
SUM PV LFCF 13,377.77

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 21.40
Free cash flow (t + 1) 4,214.44
Terminal Value 21,723.90
Present Value of Terminal Value 8,238.43

Intrinsic Value

Enterprise Value 21,616.20
Net Debt 100,447.86
Equity Value -78,831.67
Shares Outstanding 3,343.10
Equity Value Per Share -23.58