AMC
AMC Entertainment Holdings, Inc.
AMC has a slight edge over VIV overall, supported by stronger modeled upside and stronger fundamentals.
VIV
Telefônica Brasil S.A.
VIV has lower modeled downside risk, despite its lower overall score.
AMC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Stable | |
| Under pressure |
AMC's revenue is currently healthy, and its profitability and cash flow are stable, but its balance sheet is under pressure.
VIV Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
VIV's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
AMC PE Valuation
AMC has no meaningful PE right now: it lost money over the past year.
VIV PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $9.23 | -22% |
| Fair | 16x | $12.05 | +1.3% |
| Current | 16x | $11.90 | — |
| Expensive | 18x | $13.36 | +12% |
Historical ranges are pointers, not guarantees.
VIV's PE is 16x, but its earnings don't support one, so it isn't a reliable read right now.
AMC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
AMC has the edge over VIV on the outlook, with more favorable revenue expectations.
VIV Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect VIV's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
AMC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.40 | +$0.94 |
| Q2 2026 | -$1.10 | -$0.28 |
| Q1 2026 | -$1.09 | -$0.18 |
| Q4 2025 | -$1.34 | -$0.28 |
| Q3 2025 | -$1.34 | +$0.29 |
| Q2 2025 | -$0.82 | +$0.67 |
| Q1 2025 | -$0.91 | +$0.38 |
| Q4 2024 | -$1.06 | +$1.31 |
AMC lost $0.40 per share over the past year, a smaller loss than the year before.
VIV Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $0.74 | +16% |
| Q1 2026 | $0.71 | +15% |
| Q4 2025 | $0.69 | +13% |
| Q3 2025 | $0.67 | +14% |
| Q2 2025 | $0.64 | +14% |
| Q1 2025 | $0.62 | +13% |
| Q4 2024 | $0.61 | +13% |
| Q3 2024 | $0.59 | +20% |
VIV has the edge over AMC on earnings quality, reporting a profit while its opponent remains loss making.
AMC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.7B | +32% |
| Q2 2026 | $1.6B | +14% |
| Q1 2026 | $1B | +21% |
| Q4 2025 | $1.3B | -1.4% |
| Q3 2025 | $1.3B | -3.6% |
| Q2 2025 | $1.4B | +36% |
| Q1 2025 | $862.5M | -9.3% |
| Q4 2024 | $1.3B | +18% |
AMC's revenue is growing: $1.7B last quarter, up 32% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | +12 points |
| Q2 2026 | 15% | +8.3 points |
| Q1 2026 | -4.4% | +13 points |
| Q4 2025 | 0% | -0.3 points |
| Q3 2025 | 2.8% | -2.6 points |
| Q2 2025 | 6.6% | +11 points |
| Q1 2025 | -17% | -5.5 points |
| Q4 2024 | 0.4% | +14 points |
AMC's operating margin was 15% last quarter, up 12 points from the same quarter a year ago, near the top of its range since 2019.
VIV Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $2.8B | +7.6% |
| Q1 2026 | $2.7B | +5.4% |
| Q4 2025 | $2.8B | +8.7% |
| Q3 2025 | $2.7B | +6.5% |
| Q2 2025 | $2.6B | +7.1% |
| Q1 2025 | $2.6B | +6.2% |
| Q4 2024 | $2.6B | +7.7% |
| Q3 2024 | $2.5B | +7.1% |
VIV's revenue has grown year over year for 22 quarters in a row: $2.8B last quarter, up 7.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 16% | +1.2 points |
| Q1 2026 | 15% | +1 points |
| Q4 2025 | 16% | -1.1 points |
| Q3 2025 | 19% | +2.2 points |
| Q2 2025 | 15% | +0.4 points |
| Q1 2025 | 14% | -0.3 points |
| Q4 2024 | 17% | 0 points |
| Q3 2024 | 16% | +0.2 points |
VIV has the edge over AMC on profitability, with a higher operating margin.
AMC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $109.3M | +$190.4M |
| Q2 2026 | $190.1M | +114% |
| Q1 2026 | -$174.7M | +$242.3M |
| Q4 2025 | $43.3M | -62% |
| Q3 2025 | -$81.1M | +$11.1M |
| Q2 2025 | $88.9M | +$168.1M |
| Q1 2025 | -$417M | -$178.2M |
| Q4 2024 | $113.9M | +$263.8M |
AMC has the edge over VIV on cash flow, with more consistent year-over-year improvement.
VIV Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $538M | -17% |
| Q1 2026 | $516.5M | +8.1% |
| Q4 2025 | $484.8M | +45% |
| Q3 2025 | $403.4M | -0.4% |
| Q2 2025 | $649.8M | +3.6% |
| Q1 2025 | $477.9M | -8.6% |
| Q4 2024 | $334.1M | +59% |
| Q3 2024 | $404.9M | -5.7% |
VIV's free cash flow has been positive every quarter for seven years: $1.9B over the past year, up 4.1% from the year before.
AMC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +24% | +175M shares |
| 1 year | +107% | +463M shares |
| 3 years | +767% | +793M shares |
| 5 years | +4063% | +875M shares |
AMC has 897M diluted shares, up 107% from a year ago.
VIV Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +7.3M shares |
| 1 year | +0.3% | +5.1M shares |
| 3 years | -3.3% | -55.3M shares |
| 5 years | -4.7% | -79M shares |
| Available history | -5% | -83.6M shares |
VIV has the edge over AMC on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $72,869 |
| Q1 2026 | $50,131 |
| Q4 2025 | $61.6M |
| Q3 2025 | $648.4M |
| Q2 2025 | $85.1M |
| Q1 2025 | $58.5M |
| Q4 2024 | $58.4M |
| Q3 2024 | $389.9M |
VIV spent $710M buying back its own shares over the past year, up 20% from the year before.
AMC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.0x | Elevated |
| Q2 2026 | 5.7x | High |
| Q1 2026 | 9.2x | High |
| Q4 2025 | 12.2x | High |
| Q3 2025 | 12.2x | High |
| Q2 2025 | 10.7x | High |
| Q1 2025 | 18.6x | High |
| Q4 2024 | 14.3x | High |
AMC's net debt is about 4.0 years of its operating earnings (EBITDA), down from 12 years a year ago.
VIV Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.4x | Very low |
| Q1 2026 | 0.4x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.5x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | 0.6x | Very low |
| Q4 2024 | 0.7x | Very low |
| Q3 2024 | 0.6x | Very low |
VIV has the edge over AMC on leverage, with a lower net debt burden relative to earnings.
AMC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 67.3 | Neutral |
| Stochastic | 65.4 | Neutral |
AMC's weekly RSI is 67 (neutral) and its Stochastic is 65 (neutral).
VIV Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.0 | Neutral |
| Stochastic | 32.0 | Neutral |
VIV's weekly RSI is 45 (neutral) and its Stochastic is 32 (neutral).
AMC PE vs Communication Services Sector
AMC has no meaningful PE right now: it lost money over the past year.
VIV PE vs Communication Services Sector
| Metric | VIV | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 16x | 2.4% below |
| PE % | 46 | 26 | 20 pts above |
VIV is trading at 16x earnings, in line with the Communication Services sector's median of 16x, though its earnings don't support one.
AMC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.01 | 11% above |
| 20 week MA | $2.64 | 27% above |
| 50 week MA | $2.01 | 66% above |
| 100 week MA | $2.53 | 32% above |
| 200 week MA | $10.9 | 69% below |
AMC has the edge over VIV on trend strength, trading above more of its moving averages.
VIV Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $11.9 | 0.3% below |
| 20 week MA | $12.3 | 2.9% below |
| 50 week MA | $13.5 | 12% below |
| 100 week MA | $12.0 | 0.5% below |
| 200 week MA | $10.5 | 13% above |
VIV has fallen below most of its moving averages, though it's still 13% above its 200-week average.
AMC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $36.5 | $12.6 | -66% |
| 2021 | $12.6 | $142.6 | +1036% |
| 2022 | $142.6 | $44.0 | -69% |
| 2023 | $44.0 | $6.12 | -86% |
| 2024 | $6.12 | $4.00 | -35% |
| 2025 | $4.00 | $1.69 | -58% |
| 2026 YTD | $1.69 | $3.34 | +98% |
AMC has the edge over VIV on returns for 2026, with the stronger performance.
VIV Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $14.4 | $8.71 | -39% |
| 2021 | $8.71 | $8.76 | +0.6% |
| 2022 | $8.76 | $7.42 | -15% |
| 2023 | $7.42 | $10.9 | +47% |
| 2024 | $10.9 | $7.63 | -30% |
| 2025 | $7.63 | $11.9 | +56% |
| 2026 YTD | $11.9 | $11.9 | +0.1% |
VIV has finished lower in three of the last six years. It's roughly flat so far in 2026.