Earnings Report /
Mexico

Megacable Holdings: Quarterly Report 3Q21: Valuation still does not reflect the outlook

  • Figures met expectations, highlighting the performance in Mass segment’s subscribers and in corporate revenues

  • EBITDA amounted MXN 3.016 billion with the margin contracting 0.4pp to 49.1%, due to an unfavorable mix of services

  • Balance sheet remains solid despite higher Capex, while valuation looks very attractive at 5.1x FV/EBITDA

Marissa Garza Ostos
Marissa Garza Ostos

Head of Equity Research

Banorte
27 October 2021
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