AMERICAN TOWER CORP (AMT) Stock Fundamental Analysis
USA - NYSE:AMT - US03027X1000 - REIT
180.26 USD
-1.29 (-0.71%)
Taking everything into account, AMT scores 4 out of 10 in our fundamental rating. AMT was compared to 30 industry peers in the Specialized REITs industry. While AMT has a great profitability rating, there are quite some concerns on its financial health. While showing a medium growth rate, AMT is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
AMT had positive earnings in the past year.
In the past year AMT had a positive cash flow from operations.
AMT had positive earnings in each of the past 5 years.
Each year in the past 5 years AMT had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 4.60%, AMT is doing good in the industry, outperforming 73.33% of the companies in the same industry.
AMT has a better Return On Equity (74.34%) than 100.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.50%, AMT belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for AMT is in line with the industry average of 4.77%.
The 3 year average ROIC (5.18%) for AMT is below the current ROIC(6.50%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.6% | ||
| ROE | 74.34% | ||
| ROIC | 6.5% |
ROA(3y)2.86%
ROA(5y)3.16%
ROE(3y)44.56%
ROE(5y)45.11%
ROIC(3y)5.18%
ROIC(5y)5.17%
1.3 Margins
With a decent Profit Margin value of 28.11%, AMT is doing good in the industry, outperforming 66.67% of the companies in the same industry.
In the last couple of years the Profit Margin of AMT has declined.
Looking at the Operating Margin, with a value of 45.58%, AMT is in the better half of the industry, outperforming 76.67% of the companies in the same industry.
In the last couple of years the Operating Margin of AMT has grown nicely.
With a decent Gross Margin value of 74.29%, AMT is doing good in the industry, outperforming 63.33% of the companies in the same industry.
AMT's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 45.58% | ||
| PM (TTM) | 28.11% | ||
| GM | 74.29% |
OM growth 3Y6.24%
OM growth 5Y3.81%
PM growth 3Y-6.73%
PM growth 5Y-2.21%
GM growth 3Y1.49%
GM growth 5Y1.06%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AMT is destroying value.
The number of shares outstanding for AMT has been increased compared to 1 year ago.
The number of shares outstanding for AMT has been increased compared to 5 years ago.
The debt/assets ratio for AMT is higher compared to a year ago.
2.2 Solvency
AMT has an Altman-Z score of 1.10. This is a bad value and indicates that AMT is not financially healthy and even has some risk of bankruptcy.
AMT has a Altman-Z score (1.10) which is comparable to the rest of the industry.
AMT has a debt to FCF ratio of 10.09. This is a negative value and a sign of low solvency as AMT would need 10.09 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 10.09, AMT is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
AMT has a Debt/Equity ratio of 8.82. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 8.82, AMT is doing worse than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.82 | ||
| Debt/FCF | 10.09 | ||
| Altman-Z | 1.1 |
ROIC/WACC0.9
WACC7.24%
2.3 Liquidity
A Current Ratio of 0.59 indicates that AMT may have some problems paying its short term obligations.
The Current ratio of AMT (0.59) is comparable to the rest of the industry.
A Quick Ratio of 0.59 indicates that AMT may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.59, AMT is in line with its industry, outperforming 43.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.59 | ||
| Quick Ratio | 0.59 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 26.46% over the past year.
The Earnings Per Share has been growing by 11.80% on average over the past years. This is quite good.
Looking at the last year, AMT shows a small growth in Revenue. The Revenue has grown by 4.18% in the last year.
AMT shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.96% yearly.
EPS 1Y (TTM)26.46%
EPS 3Y9.23%
EPS 5Y11.8%
EPS Q2Q%104.49%
Revenue 1Y (TTM)4.18%
Revenue growth 3Y2.67%
Revenue growth 5Y5.96%
Sales Q2Q%7.74%
3.2 Future
The Earnings Per Share is expected to grow by 3.38% on average over the next years.
The Revenue is expected to grow by 4.57% on average over the next years.
EPS Next Y-27.96%
EPS Next 2Y-2.43%
EPS Next 3Y0.26%
EPS Next 5Y3.38%
Revenue Next Year0.32%
Revenue Next 2Y2.12%
Revenue Next 3Y2.89%
Revenue Next 5Y4.57%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 28.80, AMT can be considered very expensive at the moment.
Based on the Price/Earnings ratio, AMT is valued a bit cheaper than 63.33% of the companies in the same industry.
AMT's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.51.
Based on the Price/Forward Earnings ratio of 25.62, the valuation of AMT can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AMT indicates a somewhat cheap valuation: AMT is cheaper than 66.67% of the companies listed in the same industry.
AMT is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 34.98, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.8 | ||
| Fwd PE | 25.62 |
4.2 Price Multiples
AMT's Enterprise Value to EBITDA is on the same level as the industry average.
AMT's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.87 | ||
| EV/EBITDA | 17.71 |
4.3 Compensation for Growth
AMT has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.44
EPS Next 2Y-2.43%
EPS Next 3Y0.26%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.71%, AMT has a reasonable but not impressive dividend return.
AMT's Dividend Yield is slightly below the industry average, which is at 6.26.
Compared to an average S&P500 Dividend Yield of 2.44, AMT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.71% |
5.2 History
The dividend of AMT is nicely growing with an annual growth rate of 12.67%!
AMT has been paying a dividend for at least 10 years, so it has a reliable track record.
AMT has decreased its dividend recently.
Dividend Growth(5Y)12.67%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
AMT pays out 106.15% of its income as dividend. This is not a sustainable payout ratio.
AMT's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP106.15%
EPS Next 2Y-2.43%
EPS Next 3Y0.26%
NYSE:AMT (11/19/2025, 2:58:31 PM)
180.26
-1.29 (-0.71%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners95.09%
Inst Owner Change0.54%
Ins Owners0.05%
Ins Owner Change0.48%
Market Cap84.41B
Revenue(TTM)10.45B
Net Income(TTM)2.94B
Analysts80
Price Target243.16 (34.89%)
Short Float %1.06%
Short Ratio1.64
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.71% |
Yearly Dividend6.59
Dividend Growth(5Y)12.67%
DP106.15%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-22.02%
Min EPS beat(2)-53.6%
Max EPS beat(2)9.56%
EPS beat(4)2
Avg EPS beat(4)-7.73%
Min EPS beat(4)-53.6%
Max EPS beat(4)49.1%
EPS beat(8)4
Avg EPS beat(8)-15.78%
EPS beat(12)5
Avg EPS beat(12)-33.2%
EPS beat(16)8
Avg EPS beat(16)-13.47%
Revenue beat(2)2
Avg Revenue beat(2)0.87%
Min Revenue beat(2)0.19%
Max Revenue beat(2)1.55%
Revenue beat(4)2
Avg Revenue beat(4)0.33%
Min Revenue beat(4)-0.33%
Max Revenue beat(4)1.55%
Revenue beat(8)5
Avg Revenue beat(8)-0.67%
Revenue beat(12)8
Avg Revenue beat(12)-3.61%
Revenue beat(16)11
Avg Revenue beat(16)-2.61%
PT rev (1m)-4.22%
PT rev (3m)-4.28%
EPS NQ rev (1m)-8.62%
EPS NQ rev (3m)-8.61%
EPS NY rev (1m)-0.63%
EPS NY rev (3m)-14.59%
Revenue NQ rev (1m)0.82%
Revenue NQ rev (3m)0.74%
Revenue NY rev (1m)0.7%
Revenue NY rev (3m)1.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.8 | ||
| Fwd PE | 25.62 | ||
| P/S | 8.07 | ||
| P/FCF | 22.87 | ||
| P/OCF | 16.12 | ||
| P/B | 21.35 | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.71 |
EPS(TTM)6.26
EY3.47%
EPS(NY)7.04
Fwd EY3.9%
FCF(TTM)7.88
FCFY4.37%
OCF(TTM)11.18
OCFY6.2%
SpS22.33
BVpS8.44
TBVpS-49.22
PEG (NY)N/A
PEG (5Y)2.44
Graham Number34.48
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.6% | ||
| ROE | 74.34% | ||
| ROCE | 8.23% | ||
| ROIC | 6.5% | ||
| ROICexc | 6.73% | ||
| ROICexgc | 13.01% | ||
| OM | 45.58% | ||
| PM (TTM) | 28.11% | ||
| GM | 74.29% | ||
| FCFM | 35.3% |
ROA(3y)2.86%
ROA(5y)3.16%
ROE(3y)44.56%
ROE(5y)45.11%
ROIC(3y)5.18%
ROIC(5y)5.17%
ROICexc(3y)5.37%
ROICexc(5y)5.37%
ROICexgc(3y)11.15%
ROICexgc(5y)11.35%
ROCE(3y)6.56%
ROCE(5y)6.55%
ROICexgc growth 3Y7.7%
ROICexgc growth 5Y1.6%
ROICexc growth 3Y13.68%
ROICexc growth 5Y2.09%
OM growth 3Y6.24%
OM growth 5Y3.81%
PM growth 3Y-6.73%
PM growth 5Y-2.21%
GM growth 3Y1.49%
GM growth 5Y1.06%
F-Score6
Asset Turnover0.16
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.82 | ||
| Debt/FCF | 10.09 | ||
| Debt/EBITDA | 5.13 | ||
| Cap/Depr | 76.22% | ||
| Cap/Sales | 14.77% | ||
| Interest Coverage | 3.63 | ||
| Cash Conversion | 77.09% | ||
| Profit Quality | 125.61% | ||
| Current Ratio | 0.59 | ||
| Quick Ratio | 0.59 | ||
| Altman-Z | 1.1 |
F-Score6
WACC7.24%
ROIC/WACC0.9
Cap/Depr(3y)62.98%
Cap/Depr(5y)60.55%
Cap/Sales(3y)17.69%
Cap/Sales(5y)16.13%
Profit Quality(3y)154.82%
Profit Quality(5y)153.43%
High Growth Momentum
Growth
EPS 1Y (TTM)26.46%
EPS 3Y9.23%
EPS 5Y11.8%
EPS Q2Q%104.49%
EPS Next Y-27.96%
EPS Next 2Y-2.43%
EPS Next 3Y0.26%
EPS Next 5Y3.38%
Revenue 1Y (TTM)4.18%
Revenue growth 3Y2.67%
Revenue growth 5Y5.96%
Sales Q2Q%7.74%
Revenue Next Year0.32%
Revenue Next 2Y2.12%
Revenue Next 3Y2.89%
Revenue Next 5Y4.57%
EBIT growth 1Y15.4%
EBIT growth 3Y9.08%
EBIT growth 5Y10%
EBIT Next Year49.02%
EBIT Next 3Y17.59%
EBIT Next 5Y13.43%
FCF growth 1Y30.25%
FCF growth 3Y2.43%
FCF growth 5Y6.03%
OCF growth 1Y9.86%
OCF growth 3Y3.15%
OCF growth 5Y7.11%
AMERICAN TOWER CORP / AMT FAQ
What is the ChartMill fundamental rating of AMERICAN TOWER CORP (AMT) stock?
ChartMill assigns a fundamental rating of 4 / 10 to AMT.
What is the valuation status of AMERICAN TOWER CORP (AMT) stock?
ChartMill assigns a valuation rating of 3 / 10 to AMERICAN TOWER CORP (AMT). This can be considered as Overvalued.
Can you provide the profitability details for AMERICAN TOWER CORP?
AMERICAN TOWER CORP (AMT) has a profitability rating of 7 / 10.
How financially healthy is AMERICAN TOWER CORP?
The financial health rating of AMERICAN TOWER CORP (AMT) is 2 / 10.
What is the earnings growth outlook for AMERICAN TOWER CORP?
The Earnings per Share (EPS) of AMERICAN TOWER CORP (AMT) is expected to decline by -27.96% in the next year.