| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 2/6 |
| Past Performance | 4/6 |
| Financial Health | 1/6 |
| Dividends | 5/6 |
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.
Rewards
Risk Analysis
American Tower Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$233.00 |
| 52 Week High | US$303.72 |
| 52 Week Low | US$220.00 |
| Beta | 0.48 |
| 1 Month Change | -8.82% |
| 3 Month Change | 0.29% |
| 1 Year Change | -5.42% |
| 3 Year Change | 17.58% |
| 5 Year Change | 81.00% |
| Change since IPO | 918.58% |
Recent News & Updates
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...
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
| AMT | US REITs | US Market | |
|---|---|---|---|
| 7D | 3.7% | 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
| AMT volatility | |
|---|---|
| AMT Average Weekly Movement | 4.1% |
| REITs Industry Average Movement | 4.4% |
| Market Average Movement | 7.8% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 2.9% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1995 | 6,378 | Tom Bartlett | https://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
| AMT fundamental statistics | |
|---|---|
| Market Cap | US$105.05b |
| Earnings (TTM) | US$2.63b |
| Revenue (TTM) | US$9.86b |
40.4x
P/E Ratio10.8x
P/S RatioIs AMT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| AMT income statement (TTM) | |
|---|---|
| Revenue | US$9.86b |
| Cost of Revenue | US$2.91b |
| Gross Profit | US$6.95b |
| Other Expenses | US$4.32b |
| Earnings | US$2.63b |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 5.77 |
| Gross Margin | 70.51% |
| Net Profit Margin | 26.72% |
| Debt/Equity Ratio | 469.5% |
How did AMT perform over the long term?
See historical performance and comparisonDividends
2.4%
Current Dividend Yield47%
Payout RatioValuation
Is American Tower undervalued compared to its fair value and its price relative to the market?
Valuation Score
2/6Valuation 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
2/6Future 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
4/6Past 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
1/6Financial 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
5/6Dividend 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/17 00:00 |
| End of Day Share Price | 2022/05/17 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.