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AMT

American Tower NYSE:AMT Stock Report

Last Price

US$233.00

Market Cap

US$105.0b

7D

3.7%

1Y

-5.4%

Updated

17 May, 2022

Data

Company Financials +
AMT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance4/6
Financial Health1/6
Dividends5/6

AMT Stock Overview

American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 219,000 communications sites.

American Tower Competitors

Price History & Performance

Summary of all time highs, changes and price drops for American Tower
Historical stock prices
Current Share PriceUS$233.00
52 Week HighUS$303.72
52 Week LowUS$220.00
Beta0.48
1 Month Change-8.82%
3 Month Change0.29%
1 Year Change-5.42%
3 Year Change17.58%
5 Year Change81.00%
Change since IPO918.58%

Recent News & Updates

May 09
Is Now The Time To Put American Tower (NYSE:AMT) On Your Watchlist?

Is Now The Time To Put American Tower (NYSE:AMT) On Your Watchlist?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Apr 30

American Tower: A Stock To Tame Inflation In Your Portfolio

American Tower Corporation is the largest specialized REIT in the world, dealing with real estate assets linked to the global telecommunications industry. REITs such as AMT are ideal inflation-time investment options, given their asset-backed nature, and their increased earnings during moderate and high levels of inflation. AMT's financial performance indicates stellar growth, which has continued uninterrupted, despite major economic shockwaves throughout the last decade. AMT is highly valuable, given its annual growth rate that outperforms the REIT industry, and its growing FFO per share trend.

Shareholder Returns

AMTUS REITsUS Market
7D3.7%0.6%0.7%
1Y-5.4%0.2%-10.8%

Return vs Industry: AMT underperformed the US REITs industry which returned 0.2% over the past year.

Return vs Market: AMT exceeded the US Market which returned -10.8% over the past year.

Price Volatility

Is AMT's price volatile compared to industry and market?
AMT volatility
AMT Average Weekly Movement4.1%
REITs Industry Average Movement4.4%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

Stable Share Price: AMT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: AMT's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19956,378Tom Bartletthttps://www.americantower.com

American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 219,000 communications sites. For more information about American Tower, please visit the “Earnings Materials” and “Investor Presentations” sections of our investor relations website at www.americantower.com.

American Tower Fundamentals Summary

How do American Tower's earnings and revenue compare to its market cap?
AMT fundamental statistics
Market CapUS$105.05b
Earnings (TTM)US$2.63b
Revenue (TTM)US$9.86b

40.4x

P/E Ratio

10.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AMT income statement (TTM)
RevenueUS$9.86b
Cost of RevenueUS$2.91b
Gross ProfitUS$6.95b
Other ExpensesUS$4.32b
EarningsUS$2.63b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)5.77
Gross Margin70.51%
Net Profit Margin26.72%
Debt/Equity Ratio469.5%

How did AMT perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

47%

Payout Ratio

Valuation

Is American Tower undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


41.6%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: AMT ($233) is trading below our estimate of fair value ($399.05)

Significantly Below Fair Value: AMT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AMT is poor value based on its PE Ratio (40.4x) compared to the US REITs industry average (33.1x).

PE vs Market: AMT is poor value based on its PE Ratio (40.4x) compared to the US market (15.5x).


Price to Earnings Growth Ratio

PEG Ratio: AMT is poor value based on its PEG Ratio (4.4x)


Price to Book Ratio

PB vs Industry: AMT is overvalued based on its PB Ratio (19.8x) compared to the US REITs industry average (1.7x).


Future Growth

How is American Tower forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AMT's forecast earnings growth (9.1% per year) is above the savings rate (1.9%).

Earnings vs Market: AMT's earnings (9.1% per year) are forecast to grow slower than the US market (12.5% per year).

High Growth Earnings: AMT's earnings are forecast to grow, but not significantly.

Revenue vs Market: AMT's revenue (5.6% per year) is forecast to grow slower than the US market (7.9% per year).

High Growth Revenue: AMT's revenue (5.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AMT's Return on Equity is forecast to be high in 3 years time (35%)


Past Performance

How has American Tower performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


20.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AMT has high quality earnings.

Growing Profit Margin: AMT's current net profit margins (26.7%) are higher than last year (23.4%).


Past Earnings Growth Analysis

Earnings Trend: AMT's earnings have grown significantly by 20% per year over the past 5 years.

Accelerating Growth: AMT's earnings growth over the past year (37.2%) exceeds its 5-year average (20% per year).

Earnings vs Industry: AMT earnings growth over the past year (37.2%) underperformed the REITs industry 69.5%.


Return on Equity

High ROE: Whilst AMT's Return on Equity (28.3%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is American Tower's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: AMT's short term assets ($3.8B) do not cover its short term liabilities ($9.3B).

Long Term Liabilities: AMT's short term assets ($3.8B) do not cover its long term liabilities ($51.2B).


Debt to Equity History and Analysis

Debt Level: AMT's net debt to equity ratio (448.5%) is considered high.

Reducing Debt: AMT's debt to equity ratio has increased from 222.3% to 469.5% over the past 5 years.

Debt Coverage: AMT's debt is not well covered by operating cash flow (10.1%).

Interest Coverage: AMT's interest payments on its debt are well covered by EBIT (3.9x coverage).


Balance Sheet


Dividend

What is American Tower current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.40%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: AMT's dividend (2.4%) is higher than the bottom 25% of dividend payers in the US market (1.54%).

High Dividend: AMT's dividend (2.4%) is low compared to the top 25% of dividend payers in the US market (4.06%).


Stability and Growth of Payments

Stable Dividend: AMT's dividends per share have been stable in the past 10 years.

Growing Dividend: AMT's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (46.9%), AMT's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (58.2%), AMT's dividend payments are covered by cash flows.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

Tom Bartlett (62 yo)

2.17yrs

Tenure

US$16,114,574

Compensation

Mr. Thomas A. Bartlett, also known as Tom, CPA, has been the President and Chief Executive Officer at American Tower Corporation since March 16, 2020. Mr. Bartlett serves as Director at American Tower Corp...


CEO Compensation Analysis

Compensation vs Market: Tom's total compensation ($USD16.11M) is about average for companies of similar size in the US market ($USD13.27M).

Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: AMT's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: AMT's board of directors are seasoned and experienced ( 11.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: AMT insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

American Tower Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: American Tower Corporation
  • Ticker: AMT
  • Exchange: NYSE
  • Founded: 1995
  • Industry: Specialized REITs
  • Sector: Real Estate
  • Implied Market Cap: US$105.045b
  • Shares outstanding: 456.28m
  • Website: https://www.americantower.com

Number of Employees


Location

  • American Tower Corporation
  • 116 Huntington Avenue
  • 11th Floor
  • Boston
  • Massachusetts
  • 2116
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/17 00:00
End of Day Share Price2022/05/17 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.