Discounted Cash Flow (DCF) Analysis Levered

América Móvil, S.A.B. de C.V. (AMOV)

$ 17.92
-0.25 (-1.38%)

Free Cash Flow

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 975,412.491,021,633.531,038,207.681,007,347.871,016,886.521,027,908.121,039,049.171,050,310.981,061,694.851,073,202.10
Revenue (%)
Operating Cash Flow 235,798.06217,772.37248,330.52234,278.47280,827.54247,279.35249,959.51252,668.71255,407.28258,175.53
Operating Cash Flow (%)
Capital Expenditure -155,023.90-136,723.68-151,821.68-151,847.19-129,554.99-147,430.33-149,028.27-150,643.52-152,276.28-153,926.74
Capital Expenditure (%)
Free Cash Flow 80,774.1681,048.6996,508.8582,431.28151,272.5599,849.02100,931.24102,025.19103,131104,248.79

Weighted Average Cost Of Capital

Share price $ 17.92
Beta 0.300
Diluted Shares Outstanding 3,343.10
Cost of Debt
Tax Rate 30.48
After-tax Cost of Debt 3.48%
Risk-Free Rate
Market Risk Premium
Cost of Equity 4.846
Total Debt 737,710.20
Total Equity 59,908.35
Total Capital 797,618.55
Debt Weighting 92.49
Equity Weighting 7.51
Wacc

Build Up Free Cash Flow

Year
A/P
2016
Actual
2017
Actual
2018
Actual
2019
Actual
2020
Actual
2021
Projected
2022
Projected
2023
Projected
2024
Projected
2025
Projected
Revenue 975,412.491,021,633.531,038,207.681,007,347.871,016,886.521,027,908.121,039,049.171,050,310.981,061,694.851,073,202.10
Operating Cash Flow 235,798.06217,772.37248,330.52234,278.47280,827.54247,279.35249,959.51252,668.71255,407.28258,175.53
Capital Expenditure -155,023.90-136,723.68-151,821.68-151,847.19-129,554.99-147,430.33-149,028.27-150,643.52-152,276.28-153,926.74
Free Cash Flow 80,774.1681,048.6996,508.8582,431.28151,272.5599,849.02100,931.24102,025.19103,131104,248.79
WACC
PV LFCF 93,066.2090,823.4388,634.7086,498.7284,414.22
SUM PV LFCF 459,312.33

Terminal Value

Growth in perpetuity method:
Long-term growth rate
WACC (%) 3.58
Free cash flow (t + 1) 108,418.74
Terminal Value -25,813,986.53
Present Value of Terminal Value -21,650,879.64

Intrinsic Value

Enterprise Value -21,191,567.31
Net Debt 701,792.29
Equity Value -21,893,359.60
Shares Outstanding 3,343.10
Equity Value Per Share -6,548.82