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CCI

Crown Castle International NYSE:CCI Stock Report

Last Price

US$173.46

Market Cap

US$75.1b

7D

11.1%

1Y

-12.4%

Updated

27 Jun, 2022

Data

Company Financials +
CCI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance4/6
Financial Health1/6
Dividends2/6

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

Price History & Performance

Summary of all time highs, changes and price drops for Crown Castle International
Historical stock prices
Current Share PriceUS$173.46
52 Week HighUS$209.87
52 Week LowUS$153.70
Beta0.54
1 Month Change-10.31%
3 Month Change-5.66%
1 Year Change-12.41%
3 Year Change33.31%
5 Year Change74.67%
Change since IPO1,234.31%

Recent News & Updates

May 06

Why Crown Castle Is A Good Bet For Growing Income

Crown Castle is well-positioned to capitalize on the 5G investment trend, thanks to its large collection of towers, small cells, and fiber assets. This has resulted in strong growth over the past several years, translating to robust shareholder returns. Recent share price weakness presents a good opportunity to layer into this high quality name.

Shareholder Returns

CCIUS REITsUS Market
7D11.1%6.3%6.3%
1Y-12.4%-8.3%-18.8%

Return vs Industry: CCI underperformed the US REITs industry which returned -8.6% over the past year.

Return vs Market: CCI exceeded the US Market which returned -18.4% over the past year.

Price Volatility

Is CCI's price volatile compared to industry and market?
CCI volatility
CCI Average Weekly Movement4.6%
REITs Industry Average Movement4.9%
Market Average Movement8.1%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market3.2%

Stable Share Price: CCI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CCI's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19945,000Jay 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$75.11b
Earnings (TTM)US$1.46b
Revenue (TTM)US$6.60b

51.5x

P/E Ratio

11.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CCI income statement (TTM)
RevenueUS$6.60b
Cost of RevenueUS$2.04b
Gross ProfitUS$4.56b
Other ExpensesUS$3.10b
EarningsUS$1.46b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.37
Gross Margin69.08%
Net Profit Margin22.10%
Debt/Equity Ratio260.0%

How did CCI perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

88%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is CCI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CCI?

Other financial metrics that can be useful for relative valuation.

CCI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue15.5x
Enterprise Value/EBITDA26.9x
PEG Ratio14.5x

Price to Earnings Ratio vs Peers

How does CCI's PE Ratio compare to its peers?

CCI PE Ratio vs Peers
The above table shows the PE ratio for CCI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average70.8x
EQIX Equinix
127x17.7%US$62.4b
PSA Public Storage
30.4x5.0%US$55.2b
AMT American Tower
45.8x9.8%US$120.7b
SBAC SBA Communications
79.9x8.4%US$35.0b
CCI Crown Castle International
51.5x3.6%US$75.1b

Price-To-Earnings vs Peers: CCI is good value based on its Price-To-Earnings Ratio (51.5x) compared to the peer average (70.8x).


Price to Earnings Ratio vs Industry

How does CCI's PE Ratio compare vs other companies in the US REITs Industry?

Price-To-Earnings vs Industry: CCI is expensive based on its Price-To-Earnings Ratio (51.5x) compared to the US REITs industry average (31.6x)


Price to Earnings Ratio vs Fair Ratio

What is CCI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CCI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio51.5x
Fair PE Ratio45.1x

Price-To-Earnings vs Fair Ratio: CCI is expensive based on its Price-To-Earnings Ratio (51.5x) compared to the estimated Fair Price-To-Earnings Ratio (45.1x).


Share Price vs Fair Value

What is the Fair Price of CCI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CCI ($173.46) is trading below our estimate of fair value ($243.87)

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


Price to Earnings Growth Ratio

PEG Ratio: CCI is poor value based on its PEG Ratio (14.5x)


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Future Growth

How is Crown Castle International 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


3.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CCI's forecast earnings growth (3.6% per year) is above the savings rate (1.9%).

Earnings vs Market: CCI's earnings (3.6% per year) are forecast to grow slower than the US market (13.9% per year).

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

Revenue vs Market: CCI's revenue (2.4% per year) is forecast to grow slower than the US market (8.4% per year).

High Growth Revenue: CCI's revenue (2.4% 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 (26.9%)


Discover growth companies

Past Performance

How has Crown Castle International 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


27.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CCI has high quality earnings.

Growing Profit Margin: CCI's current net profit margins (22.1%) are higher than last year (16.3%).


Past Earnings Growth Analysis

Earnings Trend: CCI's earnings have grown significantly by 27.7% per year over the past 5 years.

Accelerating Growth: CCI's earnings growth over the past year (51.4%) exceeds its 5-year average (27.7% per year).

Earnings vs Industry: CCI earnings growth over the past year (51.4%) underperformed the REITs industry 69.5%.


Return on Equity

High ROE: CCI's Return on Equity (18.1%) is considered low.


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Financial Health

How is Crown Castle International'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: CCI's short term assets ($1.3B) do not cover its short term liabilities ($1.8B).

Long Term Liabilities: CCI's short term assets ($1.3B) do not cover its long term liabilities ($29.2B).


Debt to Equity History and Analysis

Debt Level: CCI's net debt to equity ratio (256.1%) is considered high.

Reducing Debt: CCI's debt to equity ratio has increased from 183.2% to 260% over the past 5 years.

Debt Coverage: CCI's debt is not well covered by operating cash flow (12.9%).

Interest Coverage: CCI's interest payments on its debt are well covered by EBIT (3.4x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.39%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CCI's dividend (3.39%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: CCI's dividend (3.39%) is low compared to the top 25% of dividend payers in the US market (4.23%).


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.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (88.1%), CCI's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (170.5%), CCI's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

5.4yrs

Average management tenure


CEO

Jay Brown (48 yo)

6yrs

Tenure

US$14,553,510

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 ($USD14.55M) is about average for companies of similar size in the US market ($USD13.43M).

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


Leadership Team

Experienced Management: CCI's management team is seasoned and experienced (5.4 years average tenure).


Board Members

Experienced Board: CCI's board of directors are considered experienced (6.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: CCI insiders have only sold shares 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$75.114b
  • Shares outstanding: 433.03m
  • 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 Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 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.