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CCI

Crown Castle InternationalNYSE:CCI Stock Report

Last Price

US$181.65

Market Cap

US$78.5b

7D

-3.1%

1Y

14.0%

Updated

20 Jan, 2022

Data

Company Financials +
CCI fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance5/6
Financial Health0/6
Dividends3/6

CCI Stock Overview

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 route miles of fiber supporting small cells and fiber solutions across every major U.S.

Crown Castle International Competitors

American Tower

NYSE:AMT

US$112.0b

SBA Communications

NasdaqGS:SBAC

US$34.5b

Uniti Group

NasdaqGS:UNIT

US$2.9b

Comcast

NasdaqGS:CMCS.A

US$229.5b

Price History & Performance

Summary of all time highs, changes and price drops for Crown Castle International
Historical stock prices
Current Share PriceUS$181.65
52 Week HighUS$209.87
52 Week LowUS$146.15
Beta0.48
1 Month Change-8.53%
3 Month Change1.41%
1 Year Change14.00%
3 Year Change62.32%
5 Year Change106.40%
Change since IPO1,297.31%

Recent News & Updates

Nov 26
Should You Be Adding Crown Castle International (NYSE:CCI) To Your Watchlist Today?

Should You Be Adding Crown Castle International (NYSE:CCI) To Your Watchlist Today?

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

Nov 23

CCI: A REIT With Strong Growth Potential

CCI operates in an industry growing at a very fast pace. For a REIT, the company trades at a high valuation compared to others, but the results have been quite strong of late. The company has been getting stronger every year and 2022 is expected to continue that trend.

Shareholder Returns

CCIUS REITsUS Market
7D-3.1%-4.4%-4.0%
1Y14.0%24.7%6.6%

Return vs Industry: CCI underperformed the US REITs industry which returned 25.7% over the past year.

Return vs Market: CCI exceeded the US Market which returned 7.7% over the past year.

Price Volatility

Is CCI's price volatile compared to industry and market?
CCI volatility
CCI Average Weekly Movement3.6%
REITs Industry Average Movement4.0%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

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

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

About the Company

FoundedEmployeesCEOWebsite
19944,900Jay Brownhttps://www.crowncastle.com

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 80,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service - bringing information, ideas and innovations to the people and businesses that need them. For more information on Crown Castle, please visit www.crowncastle.com.

Crown Castle International Fundamentals Summary

How do Crown Castle International's earnings and revenue compare to its market cap?
CCI fundamental statistics
Market CapUS$78.51b
Earnings (TTM)US$1.31b
Revenue (TTM)US$6.18b

59.8x

P/E Ratio

12.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CCI income statement (TTM)
RevenueUS$6.18b
Cost of RevenueUS$1.97b
Gross ProfitUS$4.21b
ExpensesUS$2.90b
EarningsUS$1.31b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Jan 26, 2022

Earnings per share (EPS)3.04
Gross Margin68.10%
Net Profit Margin21.25%
Debt/Equity Ratio236.3%

How did CCI perform over the long term?

See historical performance and comparison

Dividends

3.2%

Current Dividend Yield

76%

Payout Ratio

Valuation

Is Crown Castle International undervalued compared to its fair value and its price relative to the market?

24.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CCI ($181.65) is trading below our estimate of fair value ($241.36)

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


Price To Earnings Ratio

PE vs Industry: CCI is poor value based on its PE Ratio (59.8x) compared to the US REITs industry average (45.5x).

PE vs Market: CCI is poor value based on its PE Ratio (59.8x) compared to the US market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: CCI is poor value based on its PEG Ratio (5.3x)


Price to Book Ratio

PB vs Industry: CCI is overvalued based on its PB Ratio (9.2x) compared to the US REITs industry average (2x).


Future Growth

How is Crown Castle International forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

11.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CCI's forecast earnings growth (11.3% per year) is above the savings rate (2%).

Earnings vs Market: CCI's earnings (11.3% per year) are forecast to grow slower than the US market (13.1% per year).

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

Revenue vs Market: CCI's revenue (4.3% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: CCI's revenue (4.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CCI's Return on Equity is forecast to be high in 3 years time (31.7%)


Past Performance

How has Crown Castle International performed over the past 5 years?

26.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CCI has high quality earnings.

Growing Profit Margin: CCI's current net profit margins (21.2%) are higher than last year (11.6%).


Past Earnings Growth Analysis

Earnings Trend: CCI's earnings have grown significantly by 26.6% per year over the past 5 years.

Accelerating Growth: CCI's earnings growth over the past year (95.7%) exceeds its 5-year average (26.6% per year).

Earnings vs Industry: CCI earnings growth over the past year (95.7%) exceeded the REITs industry 29.5%.


Return on Equity

High ROE: CCI's Return on Equity (15.4%) is considered low.


Financial Health

How is Crown Castle International's financial position?


Financial Position Analysis

Short Term Liabilities: CCI's short term assets ($1.3B) do not cover its short term liabilities ($2.0B).

Long Term Liabilities: CCI's short term assets ($1.3B) do not cover its long term liabilities ($28.5B).


Debt to Equity History and Analysis

Debt Level: CCI's net debt to equity ratio (232.1%) is considered high.

Reducing Debt: CCI's debt to equity ratio has increased from 186.2% to 236.3% over the past 5 years.

Debt Coverage: CCI's debt is not well covered by operating cash flow (14.8%).

Interest Coverage: CCI's interest payments on its debt are not well covered by EBIT (2.9x coverage).


Balance Sheet


Dividend

What is Crown Castle International current dividend yield, its reliability and sustainability?

3.24%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CCI's dividend (3.24%) is higher than the bottom 25% of dividend payers in the US market (1.34%).

High Dividend: CCI's dividend (3.24%) is low compared to the top 25% of dividend payers in the US market (3.49%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, CCI has been paying a dividend for less than 10 years.

Growing Dividend: CCI's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (76.1%), CCI's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CCI's dividends in 3 years are forecast to be covered by earnings (88.8% payout ratio).


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Jay Brown (48 yo)

5.58yrs

Tenure

US$17,999,135

Compensation

Mr. Jay A. Brown is President, Chief Executive Officer and Director at CC Holdings GS V LLC and served as its Chief Financial Officer, Senior Vice President and Treasurer. Mr. Brown has been the Chief Exec...


CEO Compensation Analysis

Compensation vs Market: Jay's total compensation ($USD18.00M) is above average for companies of similar size in the US market ($USD11.31M).

Compensation vs Earnings: Jay's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: CCI's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: CCI's board of directors are considered experienced (7.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: CCI insiders have bought more shares than they have sold 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

Crown Castle International Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Crown Castle International Corp.
  • Ticker: CCI
  • Exchange: NYSE
  • Founded: 1994
  • Industry: Specialized REITs
  • Sector: Real Estate
  • Implied Market Cap: US$78.510b
  • Shares outstanding: 432.20m
  • Website: https://www.crowncastle.com

Number of Employees


Location

  • Crown Castle International Corp.
  • 1220 Augusta Drive
  • Suite 600
  • Houston
  • Texas
  • 77057-2261
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 23:50
End of Day Share Price2022/01/20 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.