AMERICAN TOWER CORP (AMT) Fundamental Analysis & Valuation
NYSE:AMT • US03027X1000
Current stock price
176.31 USD
+1.55 (+0.89%)
At close:
176.31 USD
0 (0%)
After Hours:
This AMT fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. AMT Profitability Analysis
1.1 Basic Checks
- AMT had positive earnings in the past year.
- AMT had a positive operating cash flow in the past year.
- In the past 5 years AMT has always been profitable.
- Each year in the past 5 years AMT had a positive operating cash flow.
1.2 Ratios
- Looking at the Return On Assets, with a value of 4.00%, AMT is in the better half of the industry, outperforming 67.86% of the companies in the same industry.
- With an excellent Return On Equity value of 69.25%, AMT belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
- Looking at the Return On Invested Capital, with a value of 7.59%, AMT belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for AMT is in line with the industry average of 5.10%.
- The last Return On Invested Capital (7.59%) for AMT is above the 3 year average (6.81%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4% | ||
| ROE | 69.25% | ||
| ROIC | 7.59% |
ROA(3y)3.31%
ROA(5y)3.25%
ROE(3y)57.09%
ROE(5y)50.7%
ROIC(3y)6.81%
ROIC(5y)6.01%
1.3 Margins
- AMT has a Profit Margin (23.76%) which is in line with its industry peers.
- AMT's Profit Margin has improved in the last couple of years.
- With a decent Operating Margin value of 45.52%, AMT is doing good in the industry, outperforming 71.43% of the companies in the same industry.
- AMT's Operating Margin has improved in the last couple of years.
- Looking at the Gross Margin, with a value of 74.18%, AMT is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
- In the last couple of years the Gross Margin of AMT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 45.52% | ||
| PM (TTM) | 23.76% | ||
| GM | 74.18% |
OM growth 3Y13.38%
OM growth 5Y2.97%
PM growth 3Y9.08%
PM growth 5Y2.48%
GM growth 3Y0.37%
GM growth 5Y0.51%
2. AMT Health Analysis
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AMT is destroying value.
- AMT has about the same amout of shares outstanding than it did 1 year ago.
- Compared to 5 years ago, AMT has more shares outstanding
- AMT has a better debt/assets ratio than last year.
2.2 Solvency
- AMT has an Altman-Z score of 1.05. This is a bad value and indicates that AMT is not financially healthy and even has some risk of bankruptcy.
- AMT's Altman-Z score of 1.05 is in line compared to the rest of the industry. AMT outperforms 46.43% of its industry peers.
- The Debt to FCF ratio of AMT is 9.84, which is on the high side as it means it would take AMT, 9.84 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of AMT (9.84) is better than 75.00% of its industry peers.
- AMT has a Debt/Equity ratio of 9.26. This is a high value indicating a heavy dependency on external financing.
- Looking at the Debt to Equity ratio, with a value of 9.26, AMT is doing worse than 78.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 9.26 | ||
| Debt/FCF | 9.84 | ||
| Altman-Z | 1.05 |
ROIC/WACC0.99
WACC7.65%
2.3 Liquidity
- AMT has a Current Ratio of 0.40. This is a bad value and indicates that AMT is not financially healthy enough and could expect problems in meeting its short term obligations.
- Looking at the Current ratio, with a value of 0.40, AMT is doing worse than 67.86% of the companies in the same industry.
- AMT has a Quick Ratio of 0.40. This is a bad value and indicates that AMT is not financially healthy enough and could expect problems in meeting its short term obligations.
- Looking at the Quick ratio, with a value of 0.40, AMT is doing worse than 67.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.4 | ||
| Quick Ratio | 0.4 |
3. AMT Growth Analysis
3.1 Past
- AMT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -27.06%.
- AMT shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.30% yearly.
- The Revenue has been growing slightly by 5.11% in the past year.
- Measured over the past years, AMT shows a small growth in Revenue. The Revenue has been growing by 5.77% on average per year.
EPS 1Y (TTM)-27.06%
EPS 3Y11.97%
EPS 5Y7.3%
EPS Q2Q%-33.21%
Revenue 1Y (TTM)5.11%
Revenue growth 3Y3.34%
Revenue growth 5Y5.77%
Sales Q2Q%7.45%
3.2 Future
- AMT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.62% yearly.
- AMT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.75% yearly.
EPS Next Y21.36%
EPS Next 2Y13.14%
EPS Next 3Y12.71%
EPS Next 5Y10.62%
Revenue Next Year1.87%
Revenue Next 2Y2.64%
Revenue Next 3Y3.77%
Revenue Next 5Y4.75%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. AMT Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 32.71, AMT can be considered very expensive at the moment.
- AMT's Price/Earnings is on the same level as the industry average.
- AMT is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.79, which is the current average of the S&P500 Index.
- AMT is valuated quite expensively with a Price/Forward Earnings ratio of 26.95.
- AMT's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. AMT is cheaper than 71.43% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 38.88. AMT is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.71 | ||
| Fwd PE | 26.95 |
4.2 Price Multiples
- 71.43% of the companies in the same industry are more expensive than AMT, based on the Enterprise Value to EBITDA ratio.
- AMT's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. AMT is cheaper than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.73 | ||
| EV/EBITDA | 17.02 |
4.3 Compensation for Growth
- AMT's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- AMT has an outstanding profitability rating, which may justify a higher PE ratio.
- AMT's earnings are expected to grow with 12.71% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.53
PEG (5Y)4.48
EPS Next 2Y13.14%
EPS Next 3Y12.71%
5. AMT Dividend Analysis
5.1 Amount
- AMT has a Yearly Dividend Yield of 3.86%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 4.26, AMT is paying slightly less dividend.
- AMT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.81.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.86% |
5.2 History
- On average, the dividend of AMT grows each year by 9.20%, which is quite nice.
- AMT has been paying a dividend for at least 10 years, so it has a reliable track record.
- AMT has decreased its dividend in the last 3 years.
Dividend Growth(5Y)9.2%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
- 124.82% of the earnings are spent on dividend by AMT. This is not a sustainable payout ratio.
- AMT's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP124.82%
EPS Next 2Y13.14%
EPS Next 3Y12.71%
AMT Fundamentals: All Metrics, Ratios and Statistics
176.31
+1.55 (+0.89%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)02-24 2026-02-24/bmo
Earnings (Next)04-28 2026-04-28
Inst Owners95.9%
Inst Owner Change0.04%
Ins Owners0.07%
Ins Owner Change4.56%
Market Cap82.23B
Revenue(TTM)10.64B
Net Income(TTM)2.53B
Analysts77.86
Price Target218.17 (23.74%)
Short Float %1.5%
Short Ratio2.12
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.86% |
Yearly Dividend6.75
Dividend Growth(5Y)9.2%
DP124.82%
Div Incr Years2
Div Non Decr Years2
Ex-Date04-14 2026-04-14 (1.79)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.36%
Min EPS beat(2)9.56%
Max EPS beat(2)17.16%
EPS beat(4)2
Avg EPS beat(4)-15.71%
Min EPS beat(4)-53.6%
Max EPS beat(4)17.16%
EPS beat(8)5
Avg EPS beat(8)-3.5%
EPS beat(12)6
Avg EPS beat(12)-11.79%
EPS beat(16)9
Avg EPS beat(16)-11.5%
Revenue beat(2)2
Avg Revenue beat(2)1.24%
Min Revenue beat(2)0.94%
Max Revenue beat(2)1.55%
Revenue beat(4)3
Avg Revenue beat(4)0.65%
Min Revenue beat(4)-0.08%
Max Revenue beat(4)1.55%
Revenue beat(8)5
Avg Revenue beat(8)-0.63%
Revenue beat(12)9
Avg Revenue beat(12)-0.24%
Revenue beat(16)11
Avg Revenue beat(16)-2.58%
PT rev (1m)-1.36%
PT rev (3m)-3.41%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.27%
EPS NY rev (1m)-2.96%
EPS NY rev (3m)-6.28%
Revenue NQ rev (1m)0.04%
Revenue NQ rev (3m)-1.43%
Revenue NY rev (1m)-0.01%
Revenue NY rev (3m)-1.43%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.71 | ||
| Fwd PE | 26.95 | ||
| P/S | 7.72 | ||
| P/FCF | 21.73 | ||
| P/OCF | 15.05 | ||
| P/B | 22.51 | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.02 |
EPS(TTM)5.39
EY3.06%
EPS(NY)6.54
Fwd EY3.71%
FCF(TTM)8.11
FCFY4.6%
OCF(TTM)11.72
OCFY6.65%
SpS22.82
BVpS7.83
TBVpS-49.6
PEG (NY)1.53
PEG (5Y)4.48
Graham Number30.8188 (-82.52%)
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4% | ||
| ROE | 69.25% | ||
| ROCE | 8.61% | ||
| ROIC | 7.59% | ||
| ROICexc | 7.79% | ||
| ROICexgc | 15.24% | ||
| OM | 45.52% | ||
| PM (TTM) | 23.76% | ||
| GM | 74.18% | ||
| FCFM | 35.54% |
ROA(3y)3.31%
ROA(5y)3.25%
ROE(3y)57.09%
ROE(5y)50.7%
ROIC(3y)6.81%
ROIC(5y)6.01%
ROICexc(3y)7.03%
ROICexc(5y)6.21%
ROICexgc(3y)14.1%
ROICexgc(5y)13.02%
ROCE(3y)7.72%
ROCE(5y)6.82%
ROICexgc growth 3Y14.16%
ROICexgc growth 5Y2.53%
ROICexc growth 3Y18.61%
ROICexc growth 5Y3.19%
OM growth 3Y13.38%
OM growth 5Y2.97%
PM growth 3Y9.08%
PM growth 5Y2.48%
GM growth 3Y0.37%
GM growth 5Y0.51%
F-Score7
Asset Turnover0.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 9.26 | ||
| Debt/FCF | 9.84 | ||
| Debt/EBITDA | 4.91 | ||
| Cap/Depr | 82.31% | ||
| Cap/Sales | 15.79% | ||
| Interest Coverage | 3.76 | ||
| Cash Conversion | 79.33% | ||
| Profit Quality | 149.58% | ||
| Current Ratio | 0.4 | ||
| Quick Ratio | 0.4 | ||
| Altman-Z | 1.05 |
F-Score7
WACC7.65%
ROIC/WACC0.99
Cap/Depr(3y)71.8%
Cap/Depr(5y)66.05%
Cap/Sales(3y)16.48%
Cap/Sales(5y)16.72%
Profit Quality(3y)170.28%
Profit Quality(5y)149.63%
High Growth Momentum
Growth
EPS 1Y (TTM)-27.06%
EPS 3Y11.97%
EPS 5Y7.3%
EPS Q2Q%-33.21%
EPS Next Y21.36%
EPS Next 2Y13.14%
EPS Next 3Y12.71%
EPS Next 5Y10.62%
Revenue 1Y (TTM)5.11%
Revenue growth 3Y3.34%
Revenue growth 5Y5.77%
Sales Q2Q%7.45%
Revenue Next Year1.87%
Revenue Next 2Y2.64%
Revenue Next 3Y3.77%
Revenue Next 5Y4.75%
EBIT growth 1Y7.29%
EBIT growth 3Y17.17%
EBIT growth 5Y8.91%
EBIT Next Year44.26%
EBIT Next 3Y16.82%
EBIT Next 5Y12.66%
FCF growth 1Y2.25%
FCF growth 3Y27.57%
FCF growth 5Y5.83%
OCF growth 1Y3.28%
OCF growth 3Y13.92%
OCF growth 5Y7.08%
AMERICAN TOWER CORP / AMT Fundamental Analysis FAQ
What is the fundamental rating for AMT stock?
ChartMill assigns a fundamental rating of 5 / 10 to AMT.
What is the valuation status for AMT stock?
ChartMill assigns a valuation rating of 5 / 10 to AMERICAN TOWER CORP (AMT). This can be considered as Fairly Valued.
What is the profitability of AMT stock?
AMERICAN TOWER CORP (AMT) has a profitability rating of 8 / 10.
Can you provide the PE and PB ratios for AMT stock?
The Price/Earnings (PE) ratio for AMERICAN TOWER CORP (AMT) is 32.71 and the Price/Book (PB) ratio is 22.51.
How sustainable is the dividend of AMERICAN TOWER CORP (AMT) stock?
The dividend rating of AMERICAN TOWER CORP (AMT) is 4 / 10 and the dividend payout ratio is 124.82%.