Megacable Holdings SAB de CV

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Fifth quarter with sequential revenue improvements due to favorable trends in its two segments. Megacable's revenues reached MXN 6.145 billion (+9.3% y/y) thanks to the growth in the number of the Mass segment’s subscribers (Video +4.6%, Internet +9....

Mega reported positive figures, in line with our estimates. A quarter with figures that should be welcomed by the market. Unique subscribers surpassed 4 million, with an 8.5% y/y growth (Internet: +13.0%, Video: +6.0% and Telephony: +23.7%). In the C...

The Mass Market continued being the main growth engine. Megacable results confirmed that dynamism in net addition continues, this time amounting 204k total subscribers, with growth across the board of services (Internet: +14.1%; Telephony: +24.7%; Vi...

Compelling growth in the 3 services of Cable. Growing connectivity and entertainment needs in the ‘new normality’ drove a sequential acceleration in the Mass Segment’s growth. That said, revenues in the Mass Segment grew 7.6% y/y (vis-à-vis +6.9% in ...

With positive mid-term outlook. In that sense, we expect that by the end of 2021, at the latest, we will see the first 5G tests in Mexico, Chile, and Argentina, leveraged on the Dynamic Spectrum Sharing (DSS) technology, which only implies a software...

MEGA trades at 5.9x FV/EBITDA (18% discount versus comparable peers median), therefore, we consider that the current valuation does not reflect the positive outlook and healthy financial structure. Internet RGUs have already surpassed those of Video....