Crown Castle International (REIT)
Market Cap
US$67.8b
Last Updated
2021/01/16 23:38 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
Rewards
Risk Analysis
Snowflake Analysis
Second-rate dividend payer and slightly overvalued.
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
2.1%
CCI
1.8%
US REITs
-1.0%
US Market
1 Year Return
8.3%
CCI
-10.7%
US REITs
19.6%
US Market
Return vs Industry: CCI exceeded the US REITs industry which returned -10.8% over the past year.
Return vs Market: CCI underperformed the US Market which returned 19.6% over the past year.
Shareholder returns
| CCI | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.1% | 1.8% | -1.0% |
| 30 Day | 1.0% | -1.3% | 2.2% |
| 90 Day | -5.8% | 4.1% | 11.5% |
| 1 Year | 11.6%8.3% | -6.5%-10.7% | 22.3%19.6% |
| 3 Year | 62.6%46.5% | 26.0%10.5% | 45.3%35.7% |
| 5 Year | 131.4%92.7% | 53.1%21.7% | 124.8%99.8% |
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
3 weeks ago | Simply Wall St
Is Crown Castle International Corp. (REIT)'s (NYSE:CCI) 8.0% ROE Better Than Average?1 month ago | Simply Wall St
How Much Is Crown Castle International (REIT)'s (NYSE:CCI) CEO Getting Paid?Valuation
Is Crown Castle International (REIT) undervalued compared to its fair value and its price relative to the market?
23.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CCI ($157.25) is trading below our estimate of fair value ($205.7)
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 (98.2x) compared to the US REITs industry average (37.9x).
PE vs Market: CCI is poor value based on its PE Ratio (98.2x) compared to the US market (21x).
Price to Earnings Growth Ratio
PEG Ratio: CCI is poor value based on its PEG Ratio (6.4x)
Price to Book Ratio
PB vs Industry: CCI is overvalued based on its PB Ratio (7.1x) compared to the US REITs industry average (1.6x).
Next Steps
Future Growth
How is Crown Castle International (REIT) forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
15.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CCI's forecast earnings growth (15.4% per year) is above the savings rate (2%).
Earnings vs Market: CCI's earnings (15.4% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: CCI's earnings are forecast to grow, but not significantly.
Revenue vs Market: CCI's revenue (4.9% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: CCI's revenue (4.9% 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 low in 3 years time (19.5%).
Next Steps
Past Performance
How has Crown Castle International (REIT) performed over the past 5 years?
15.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CCI has high quality earnings.
Growing Profit Margin: CCI's current net profit margins (11.6%) are lower than last year (12.3%).
Past Earnings Growth Analysis
Earnings Trend: CCI's earnings have grown by 15.2% per year over the past 5 years.
Accelerating Growth: CCI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CCI had negative earnings growth (-4.6%) over the past year, making it difficult to compare to the REITs industry average (2.9%).
Return on Equity
High ROE: CCI's Return on Equity (8%) is considered low.
Next Steps
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 ($27.4B).
Debt to Equity History and Analysis
Debt Level: CCI's debt to equity ratio (200.7%) is considered high.
Reducing Debt: CCI's debt to equity ratio has increased from 167.8% to 200.7% over the past 5 years.
Debt Coverage: CCI's debt is not well covered by operating cash flow (15.1%).
Interest Coverage: CCI's interest payments on its debt are not well covered by EBIT (2.3x coverage).
Balance Sheet
Next Steps
Dividend
What is Crown Castle International (REIT) current dividend yield, its reliability and sustainability?
3.38%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CCI's dividend (3.38%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: CCI's dividend (3.38%) is low compared to the top 25% of dividend payers in the US market (3.85%).
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 (74.4%), 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 (89.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.6yrs
Average management tenure
CEO
Jay Brown (47 yo)
4.58yrs
Tenure
US$12,620,843
Compensation
Mr. Jay A. Brown is President, Chief Executive Officer and Director at CC Holdings GS V LLC and served as its Chief Financial Officer, Senior Vice President and Treasurer. Mr. Brown has been the Chief Exec...
CEO Compensation Analysis
Compensation vs Market: Jay's total compensation ($USD12.62M) is about average for companies of similar size in the US market ($USD10.56M).
Compensation vs Earnings: Jay's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.58yrs | US$12.62m | 0.059% $ 40.3m | |
| Executive VP & CFO | 4.58yrs | US$4.28m | 0.014% $ 9.7m | |
| Executive VP & General Counsel | 5yrs | US$3.81m | 0.014% $ 9.3m | |
| Executive Officer | 11.92yrs | US$4.65m | 0.043% $ 29.5m | |
| Executive VP & COO of Towers | 3.33yrs | US$4.08m | 0.0046% $ 3.1m | |
| Principal Accounting Officer | 4yrs | no data | 0.00067% $ 454.4k | |
| VP of Corporate Finance & Treasurer | 3.25yrs | no data | no data | |
| Vice President of Communications & Marketing | no data | no data | no data | |
| Executive Vice President of Corporate Development & Strategy | 12.33yrs | US$2.89m | 0.027% $ 18.2m | |
| Executive VP of Sales & Chief Commercial Officer | 1yr | no data | 0.011% $ 7.7m | |
| Executive Vice President of Business Support | 6.67yrs | no data | no data | |
| Executive VP & COO of Fiber | 0.083yr | no data | 0.00028% $ 189.9k |
4.6yrs
Average Tenure
52.5yo
Average Age
Experienced Management: CCI's management team is considered experienced (4.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.58yrs | US$12.62m | 0.059% $ 40.3m | |
| Independent Director | 15.67yrs | US$302.76k | 0.0063% $ 4.3m | |
| Independent Director | 21.5yrs | US$277.76k | 0.014% $ 9.8m | |
| Director | 14.42yrs | US$286.54k | 0.17% $ 113.1m | |
| Independent Chairman of the Board | 18.67yrs | US$364.90k | 0.041% $ 27.6m | |
| Independent Director | 26yrs | US$292.76k | 0.0076% $ 5.2m | |
| Independent Director | 19.83yrs | US$290.00k | 0.012% $ 8.2m | |
| Independent Director | 18.42yrs | US$285.00k | no data | |
| Independent Director | 2.92yrs | US$265.00k | 0.00094% $ 637.5k | |
| Independent Director | 13.42yrs | US$285.00k | 0.0065% $ 4.4m | |
| Independent Director | 6.92yrs | US$321.54k | 0.0069% $ 4.7m | |
| Independent Director | 5.67yrs | US$287.76k | 0.0037% $ 2.5m |
15.0yrs
Average Tenure
58yo
Average Age
Experienced Board: CCI's board of directors are seasoned and experienced ( 15 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 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$67.822b
- Shares outstanding: 431.30m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CCI | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Aug 1998 |
| 8CW | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Aug 1998 |
| 0I4W | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Aug 1998 |
| 8CW | ETLX (Eurotlx) | Yes | Common Stock | IT | EUR | Aug 1998 |
| CCIN | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Aug 1998 |
| CCI1 * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Aug 1998 |
| C1CI34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 4 REPR 1 SHS UNSPON | BR | BRL | Jan 2020 |
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 23:38 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.