America Movil SAB de CV ADR (AMX) is undervalued and Chunghwa Telecom ADR (CHT) is overvalued.
Against our estimates of intrinsic value, AMX trades at the wider discount: a margin of safety of +42%, against -74% for CHT.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.2% (average of 3 methods) values the shares at $38.74; the price of $22.29 is 42% below that value, and 82% of that value comes from beyond year five.
Leak Score 86/100 on 3 of 12 signals
Discounting its cash flows at 7.4% (average of 3 methods) values the shares at $26.47; the price of $46.11 is 74% above that value, and 81% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
| Metric | AMX | CHT |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $22.29 | $46.11 |
| Intrinsic value | $38.74 | $26.47 |
| Margin of safety | +42% | -74% |
| Leak Score | 86/100 (3/12) | 59/100 (3/12) |
| Market cap | $68.2B | $35.8B |
| Revenue growth, 5 years | 4.7% | 1.4% |
| Operating margin | 22.0% | 20.4% |
| Net margin | 9.4% | 16.1% |
| Return on equity | 24.1% | 10.6% |
| Debt to equity | 1.84 | 0.10 |
| P/E | 13.4x | 28.2x |
| Forward P/E | 10.2x | 27.8x |
| P/B | 3.1x | 3.1x |
| Dividend yield | 3.1% | 3.6% |