AMERICAN TOWER CORPORATION |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 178.6 USD | -1.71% |
|
+2.64% | -16.80% |
| May. 03 | Deutsche Bank Adjusts Price Target on American Tower to $212 From $217 | MT |
| May. 02 | North American Morning Briefing : Stock Futures -2- | DJ |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 101,797 | 99,708 | 133,209 | 98,643 | 100,636 | 84,868 | - | - |
| Enterprise Value (EV) 1 | 124,351 | 127,249 | 174,513 | 135,285 | 137,584 | 119,915 | 119,538 | 119,516 |
| P/E ratio | 54.2 x | 59.2 x | 51.7 x | 55.5 x | 67.9 x | 27.5 x | 26.6 x | 25.4 x |
| Yield | 1.64% | 2.02% | 1.78% | 2.77% | 2.99% | 3.57% | 3.82% | 4.1% |
| Capitalization / Revenue | 13.4 x | 12.4 x | 14.2 x | 9.21 x | 9.03 x | 7.56 x | 7.81 x | 7.5 x |
| EV / Revenue | 16.4 x | 15.8 x | 18.7 x | 12.6 x | 12.3 x | 10.7 x | 11 x | 10.6 x |
| EV / EBITDA | 26.2 x | 24.7 x | 29.2 x | 20.4 x | 19.4 x | 16.8 x | 16.8 x | 16 x |
| EV / FCF | 45.7 x | 45.3 x | 51.1 x | 74.2 x | 47.6 x | 29.6 x | 28.8 x | 32.6 x |
| FCF Yield | 2.19% | 2.21% | 1.96% | 1.35% | 2.1% | 3.37% | 3.47% | 3.07% |
| Price to Book | 20.1 x | 24.4 x | 26 x | 17.7 x | 24 x | 20.4 x | 21.3 x | 23.9 x |
| Nbr of stocks (in thousands) | 442,940 | 444,213 | 455,414 | 465,606 | 466,165 | 466,975 | - | - |
| Reference price 2 | 229.8 | 224.5 | 292.5 | 211.9 | 215.9 | 181.7 | 181.7 | 181.7 |
| Announcement Date | 2/25/20 | 2/25/21 | 2/24/22 | 2/23/23 | 2/27/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,580 | 8,042 | 9,357 | 10,711 | 11,144 | 11,220 | 10,868 | 11,310 |
| EBITDA 1 | 4,744 | 5,156 | 5,983 | 6,644 | 7,087 | 7,117 | 7,119 | 7,472 |
| EBIT 1 | 2,688 | 2,888 | 3,132 | 2,352 | 3,025 | 4,695 | 4,791 | 4,956 |
| Operating Margin | 35.47% | 35.91% | 33.47% | 21.96% | 27.14% | 41.85% | 44.08% | 43.82% |
| Earnings before Tax (EBT) 1 | 1,916 | 1,821 | 2,829 | 1,721 | 1,521 | 3,592 | 3,489 | 3,616 |
| Net income 1 | 1,888 | 1,691 | 2,568 | 1,766 | 1,483 | 3,155 | 3,150 | 3,279 |
| Net margin | 24.9% | 21.02% | 27.44% | 16.49% | 13.31% | 28.12% | 28.99% | 29% |
| EPS 2 | 4.240 | 3.790 | 5.660 | 3.820 | 3.180 | 6.602 | 6.843 | 7.167 |
| Free Cash Flow 1 | 2,723 | 2,810 | 3,412 | 1,823 | 2,893 | 4,047 | 4,154 | 3,667 |
| FCF margin | 35.92% | 34.94% | 36.47% | 17.02% | 25.96% | 36.07% | 38.22% | 32.42% |
| FCF Conversion (EBITDA) | 57.39% | 54.5% | 57.03% | 27.44% | 40.82% | 56.87% | 58.34% | 49.07% |
| FCF Conversion (Net income) | 144.24% | 166.21% | 132.88% | 103.24% | 195.04% | 128.26% | 131.85% | 111.81% |
| Dividend per Share 2 | 3.780 | 4.530 | 5.210 | 5.860 | 6.450 | 6.480 | 6.940 | 7.460 |
| Announcement Date | 2/25/20 | 2/25/21 | 2/24/22 | 2/23/23 | 2/27/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,445 | 2,660 | 2,674 | 2,672 | 2,705 | 2,767 | 2,772 | 2,819 | 2,787 | 2,834 | 2,824 | 2,841 | 2,706 | 2,600 | 2,635 |
| EBITDA 1 | 1,515 | 1,624 | 1,671 | 1,643 | 1,707 | 1,763 | 1,749 | 1,814 | 1,761 | 1,854 | 1,778 | 1,792 | 1,735 | 1,747 | 1,765 |
| EBIT 1 | 626.6 | 725.1 | 782.3 | 652.9 | 192 | 775.6 | 873.7 | 658.7 | 716.9 | 1,237 | 1,160 | 1,171 | 1,102 | 1,106 | 1,126 |
| Operating Margin | 25.63% | 27.26% | 29.25% | 24.44% | 7.1% | 28.03% | 31.52% | 23.37% | 25.73% | 43.63% | 41.07% | 41.23% | 40.72% | 42.56% | 42.75% |
| Earnings before Tax (EBT) 1 | 528.5 | 725.2 | 898.3 | 855.8 | -758.6 | 368.4 | 474.7 | 643 | 35.2 | 1,031 | 801.9 | 832.7 | 881.4 | 785.5 | 808.7 |
| Net income 1 | 453.4 | 711.7 | 898.2 | 839.7 | -683.8 | 335.8 | 475.7 | 586.9 | 84.9 | 917.4 | 712.4 | 723.8 | 776.8 | 711.9 | 732.5 |
| Net margin | 18.54% | 26.75% | 33.59% | 31.43% | -25.28% | 12.14% | 17.16% | 20.82% | 3.05% | 32.37% | 25.23% | 25.48% | 28.71% | 27.38% | 27.8% |
| EPS 2 | 0.9900 | 1.560 | 1.950 | 1.800 | -1.470 | 0.7200 | 1.020 | 1.260 | 0.1800 | 1.960 | 1.520 | 1.543 | 1.564 | 1.650 | 1.699 |
| Dividend per Share 2 | 1.390 | 1.400 | 1.430 | 1.470 | 1.560 | 1.560 | 1.570 | 1.620 | 1.700 | 1.620 | 1.620 | 1.620 | 1.620 | 1.725 | 1.725 |
| Announcement Date | 2/24/22 | 4/27/22 | 7/28/22 | 10/27/22 | 2/23/23 | 4/26/23 | 7/27/23 | 10/26/23 | 2/27/24 | 4/30/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 22,554 | 27,541 | 41,304 | 36,642 | 36,948 | 35,047 | 34,670 | 34,648 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.754 x | 5.341 x | 6.904 x | 5.515 x | 5.214 x | 4.924 x | 4.87 x | 4.637 x |
| Free Cash Flow 1 | 2,723 | 2,810 | 3,412 | 1,823 | 2,893 | 4,047 | 4,154 | 3,667 |
| ROE (net income / shareholders' equity) | 36.3% | 37% | 56% | 33.1% | 30.4% | 76.5% | 80% | 97.8% |
| ROA (Net income/ Total Assets) | 4.98% | 3.76% | 4.38% | 2.58% | 2.23% | 4.66% | 4.68% | 4.9% |
| Assets 1 | 37,906 | 45,018 | 58,561 | 68,540 | 66,611 | 67,690 | 67,325 | 66,925 |
| Book Value Per Share 2 | 11.40 | 9.210 | 11.30 | 12.00 | 9.000 | 8.910 | 8.530 | 7.600 |
| Cash Flow per Share 2 | 8.420 | 8.700 | 10.60 | 7.990 | 10.10 | 11.40 | 10.40 | 12.20 |
| Capex 1 | 1,030 | 1,071 | 1,408 | 1,874 | 1,830 | 1,615 | 1,579 | 1,523 |
| Capex / Sales | 13.59% | 13.32% | 15.05% | 17.49% | 16.42% | 14.39% | 14.53% | 13.47% |
| Announcement Date | 2/25/20 | 2/25/21 | 2/24/22 | 2/23/23 | 2/27/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A
Sell
Buy
Mean consensus
BUY
Number of Analysts
21
Last Close Price
181.7
USD
Average target price
223.9
USD
Spread / Average Target
+23.19%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -15.80% | 84.87B | |
| -13.06% | 66.45B | |
| +9.23% | 45.93B | |
| -15.45% | 42.32B | |
| +7.63% | 22.08B | |
| -23.89% | 20.83B | |
| +8.28% | 11.77B | |
| +8.09% | 2.5B | |
| -10.77% | 2.14B | |
| -23.18% | 1.07B |
- Stock Market
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- Financials American Tower Corporation