TV Azteca, S.A.B. de C.V. (AZTECACPO.MX)

TV Azteca, S.A.B. de C.V. (AZTECACPO.MX) — VMCI valuation read

Headline read on AZTECACPO.MX: VMCI of 49/100 versus a Communication Services sector median of 50. The 1-point below-median position is what makes TV Azteca, S.A.B. de C.V. a relative-value laggard in the mid-cap cohort, before any pillar-level review.

Form 4 filings on AZTECACPO.MX: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on AZTECACPO.MX: value (AZTECACPO.MX trades at 25.0x earnings, 39% above the Communication Services median of 18.0x), quality (ROIC of 11.0% sits 1.0pp above the Communication Services median (10.0%)), and risk (net debt to EBITDA of -2.2x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Communication Services 12.0x baseline.

AZTECACPO.MX rose 2.4% over the trailing 7 days, with a -17.6% read on a 30-day basis.