NYSE:CCI

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Crown Castle International (REIT)

Market Cap

US$84.7b

Last Updated

2021/06/23 23:28 UTC

Data Sources

Company Financials +

Executive Summary

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. More Details


Snowflake Analysis

Solid track record second-rate dividend payer.


Similar Companies

Share Price & News

How has Crown Castle International (REIT)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

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

Volatility Over Time: CCI's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

1.1%

CCI

-0.4%

US REITs

0.5%

US Market


1 Year Return

20.9%

CCI

33.5%

US REITs

42.6%

US Market

Return vs Industry: CCI underperformed the US REITs industry which returned 30.2% over the past year.

Return vs Market: CCI underperformed the US Market which returned 39% over the past year.


Shareholder returns

CCIIndustryMarket
7 Day1.1%-0.4%0.5%
30 Day5.2%4.1%1.9%
90 Day17.0%13.1%7.9%
1 Year24.8%20.9%38.0%33.5%44.9%42.6%
3 Year103.7%84.3%43.9%27.7%64.4%54.1%
5 Year133.6%95.4%51.5%22.3%128.3%102.7%

Long-Term Price Volatility Vs. Market

How volatile is Crown Castle International (REIT)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

5.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CCI ($197.65) is trading below our estimate of fair value ($209.18)

Significantly Below Fair Value: CCI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CCI is poor value based on its PE Ratio (87.6x) compared to the US REITs industry average (47.1x).

PE vs Market: CCI is poor value based on its PE Ratio (87.6x) compared to the US market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: CCI is poor value based on its PEG Ratio (6.1x)


Price to Book Ratio

PB vs Industry: CCI is overvalued based on its PB Ratio (9.6x) compared to the US REITs industry average (1.9x).


Future Growth

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

14.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CCI's forecast earnings growth (14.4% per year) is above the savings rate (2%).

Earnings vs Market: CCI's earnings (14.4% per year) are forecast to grow slower than the US market (15.7% per year).

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

Revenue vs Market: CCI's revenue (5.1% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: CCI's revenue (5.1% 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 (24.9%)


Past Performance

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

21.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CCI has high quality earnings.

Growing Profit Margin: CCI's current net profit margins (16.3%) are higher than last year (12.8%).


Past Earnings Growth Analysis

Earnings Trend: CCI's earnings have grown significantly by 21.9% per year over the past 5 years.

Accelerating Growth: CCI's earnings growth over the past year (30.3%) exceeds its 5-year average (21.9% per year).

Earnings vs Industry: CCI earnings growth over the past year (30.3%) exceeded the REITs industry -10.7%.


Return on Equity

High ROE: CCI's Return on Equity (11.1%) is considered low.


Financial Health

How is Crown Castle International (REIT)'s financial position?


Financial Position Analysis

Short Term Liabilities: CCI's short term assets ($1.2B) do not cover its short term liabilities ($1.9B).

Long Term Liabilities: CCI's short term assets ($1.2B) do not cover its long term liabilities ($27.9B).


Debt to Equity History and Analysis

Debt Level: CCI's debt to equity ratio (220.1%) is considered high.

Reducing Debt: CCI's debt to equity ratio has increased from 166% to 220.1% over the past 5 years.

Debt Coverage: CCI's debt is not well covered by operating cash flow (15.2%).

Interest Coverage: CCI's interest payments on its debt are not well covered by EBIT (2.5x coverage).


Balance Sheet


Dividend

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

2.71%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CCI's dividend (2.69%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: CCI's dividend (2.69%) is low compared to the top 25% of dividend payers in the US market (3.44%).


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 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (74.9%), CCI's dividend 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 (85.4% payout ratio).


Next Steps

Management

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

4.7yrs

Average management tenure


CEO

Jay Brown (47 yo)

5yrs

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 ($USD18.00M) is above average for companies of similar size in the US market ($USD11.28M).

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 (4.7 years average tenure).


Board Members

Experienced Board: CCI's board of directors are considered experienced (6.7 years average tenure).


Ownership

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


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.7%.


Top Shareholders

Company Information

Crown Castle International Corp. (REIT)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Crown Castle International Corp. (REIT)
  • Ticker: CCI
  • Exchange: NYSE
  • Founded: 1994
  • Industry: Specialized REITs
  • Sector: Real Estate
  • Market Cap: US$84.713b
  • Shares outstanding: 432.19m
  • Website: https://www.crowncastle.com

Number of Employees


Location

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

Listings


Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/23 23:28
End of Day Share Price2021/06/23 00:00
Earnings2021/03/31
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.