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

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

TV Azteca, S.A.B. de C.V. sits at VMCI 46/100, with the Communication Services sector median at 50. That 4-point spread is the first thing to note on AZTEF: it tells the reader the composite is unfavorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on AZTEF are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on AZTEF: AZTEF trades at 26.0x earnings, 44% above the Communication Services median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 12.0% sits 2.0pp above the Communication Services median (10.0%). The Risk read: net debt to EBITDA of 2.4x is the rate-sensitivity line to watch, anchoring the bear scenario on a measurable balance-sheet metric.

AZTEF fell 2.4% over the trailing 7 days, with a -14.6% read on a 30-day basis.