AMERICAN TOWER CORP (AMT) Stock Fundamental Analysis
USA - NYSE:AMT - US03027X1000 - REIT
194.12 USD
+1.09 (+0.56%)
AMT gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 29 industry peers in the Specialized REITs industry. AMT scores excellent on profitability, but there are concerns on its financial health. AMT is valued expensive and it does not seem to be growing.
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.
Each year in the past 5 years AMT has been profitable.
In the past 5 years AMT always reported a positive cash flow from operatings.
1.2 Ratios
AMT's Return On Assets of 2.03% is in line compared to the rest of the industry. AMT outperforms 51.72% of its industry peers.
The Return On Equity of AMT (34.82%) is better than 96.55% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.37%, AMT belongs to the top of the industry, outperforming 82.76% 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 4.79%.
The 3 year average ROIC (5.18%) for AMT is below the current ROIC(6.37%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.03% | ||
| ROE | 34.82% | ||
| ROIC | 6.37% |
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
The Profit Margin of AMT (12.60%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of AMT has declined.
AMT's Operating Margin of 45.53% is fine compared to the rest of the industry. AMT outperforms 75.86% of its industry peers.
In the last couple of years the Operating Margin of AMT has grown nicely.
Looking at the Gross Margin, with a value of 74.37%, AMT is in the better half of the industry, outperforming 62.07% 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 | 45.53% | ||
| PM (TTM) | 12.6% | ||
| GM | 74.37% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AMT is destroying value.
Compared to 1 year ago, AMT has more shares outstanding
Compared to 5 years ago, AMT has more shares outstanding
AMT has a worse debt/assets ratio than last year.
2.2 Solvency
AMT has an Altman-Z score of 1.15. This is a bad value and indicates that AMT is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.15, AMT perfoms like the industry average, outperforming 55.17% of the companies in the same industry.
AMT has a debt to FCF ratio of 10.02. This is a negative value and a sign of low solvency as AMT would need 10.02 years to pay back of all of its debts.
AMT has a better Debt to FCF ratio (10.02) than 75.86% of its industry peers.
A Debt/Equity ratio of 9.48 is on the high side and indicates that AMT has dependencies on debt financing.
AMT has a Debt to Equity ratio of 9.48. This is amonst the worse of the industry: AMT underperforms 82.76% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 9.48 | ||
| Debt/FCF | 10.02 | ||
| Altman-Z | 1.15 |
ROIC/WACC0.87
WACC7.34%
2.3 Liquidity
A Current Ratio of 0.61 indicates that AMT may have some problems paying its short term obligations.
AMT has a Current ratio of 0.61. This is comparable to the rest of the industry: AMT outperforms 44.83% of its industry peers.
A Quick Ratio of 0.61 indicates that AMT may have some problems paying its short term obligations.
AMT has a Quick ratio (0.61) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.61 |
3. Growth
3.1 Past
AMT shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.19%.
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 2.24% in the last year.
The Revenue has been growing slightly by 5.96% on average over the past years.
EPS 1Y (TTM)0.19%
EPS 3Y9.23%
EPS 5Y11.8%
EPS Q2Q%-59.37%
Revenue 1Y (TTM)2.24%
Revenue growth 3Y2.67%
Revenue growth 5Y5.96%
Sales Q2Q%-9.43%
3.2 Future
Based on estimates for the next years, AMT will show a small growth in Earnings Per Share. The EPS will grow by 3.64% on average per year.
Based on estimates for the next years, AMT will show a small growth in Revenue. The Revenue will grow by 4.50% on average per year.
EPS Next Y-26.2%
EPS Next 2Y-1.58%
EPS Next 3Y0.98%
EPS Next 5Y3.64%
Revenue Next Year-0.16%
Revenue Next 2Y2.13%
Revenue Next 3Y2.86%
Revenue Next 5Y4.5%
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 decreasing.
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 36.42, AMT can be considered very expensive at the moment.
AMT's Price/Earnings is on the same level as the industry average.
AMT's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.41.
With a Price/Forward Earnings ratio of 27.12, AMT can be considered very expensive at the moment.
65.52% of the companies in the same industry are more expensive than AMT, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of AMT to the average of the S&P500 Index (22.88), we can say AMT is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.42 | ||
| Fwd PE | 27.12 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AMT is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AMT indicates a somewhat cheap valuation: AMT is cheaper than 65.52% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.3 | ||
| EV/EBITDA | 18.81 |
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)3.09
EPS Next 2Y-1.58%
EPS Next 3Y0.98%
5. Dividend
5.1 Amount
AMT has a Yearly Dividend Yield of 3.38%. Purely for dividend investing, there may be better candidates out there.
AMT's Dividend Yield is slightly below the industry average, which is at 5.99.
Compared to an average S&P500 Dividend Yield of 2.38, AMT pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.38% |
5.2 History
The dividend of AMT is nicely growing with an annual growth rate of 12.67%!
AMT has paid a dividend for at least 10 years, which is 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 238.27% 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.
DP238.27%
EPS Next 2Y-1.58%
EPS Next 3Y0.98%
NYSE:AMT (9/19/2025, 3:17:09 PM)
194.12
+1.09 (+0.56%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners94.96%
Inst Owner Change-1.6%
Ins Owners0.06%
Ins Owner Change-0.26%
Market Cap90.90B
Analysts80.74
Price Target253.87 (30.78%)
Short Float %1.23%
Short Ratio2.36
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.38% |
Yearly Dividend6.59
Dividend Growth(5Y)12.67%
DP238.27%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-44.78%
Min EPS beat(2)-53.6%
Max EPS beat(2)-35.96%
EPS beat(4)1
Avg EPS beat(4)-21.12%
Min EPS beat(4)-53.6%
Max EPS beat(4)49.1%
EPS beat(8)4
Avg EPS beat(8)-15.67%
EPS beat(12)5
Avg EPS beat(12)-29.18%
EPS beat(16)8
Avg EPS beat(16)-12.17%
Revenue beat(2)1
Avg Revenue beat(2)0.05%
Min Revenue beat(2)-0.08%
Max Revenue beat(2)0.19%
Revenue beat(4)1
Avg Revenue beat(4)-2.41%
Min Revenue beat(4)-9.43%
Max Revenue beat(4)0.19%
Revenue beat(8)5
Avg Revenue beat(8)-0.74%
Revenue beat(12)7
Avg Revenue beat(12)-3.76%
Revenue beat(16)11
Avg Revenue beat(16)-2.66%
PT rev (1m)-0.07%
PT rev (3m)1.13%
EPS NQ rev (1m)-0.08%
EPS NQ rev (3m)-0.31%
EPS NY rev (1m)-12.5%
EPS NY rev (3m)-12.96%
Revenue NQ rev (1m)0.22%
Revenue NQ rev (3m)2.79%
Revenue NY rev (1m)1.41%
Revenue NY rev (3m)1.76%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.42 | ||
| Fwd PE | 27.12 | ||
| P/S | 8.86 | ||
| P/FCF | 24.3 | ||
| P/OCF | 17.33 | ||
| P/B | 24.48 | ||
| P/tB | N/A | ||
| EV/EBITDA | 18.81 |
EPS(TTM)5.33
EY2.75%
EPS(NY)7.16
Fwd EY3.69%
FCF(TTM)7.99
FCFY4.12%
OCF(TTM)11.2
OCFY5.77%
SpS21.91
BVpS7.93
TBVpS-50.18
PEG (NY)N/A
PEG (5Y)3.09
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.03% | ||
| ROE | 34.82% | ||
| ROCE | 8.07% | ||
| ROIC | 6.37% | ||
| ROICexc | 6.61% | ||
| ROICexgc | 12.9% | ||
| OM | 45.53% | ||
| PM (TTM) | 12.6% | ||
| GM | 74.37% | ||
| FCFM | 36.46% |
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%
ROICexcg growth 3Y7.7%
ROICexcg 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-Score5
Asset Turnover0.16
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 9.48 | ||
| Debt/FCF | 10.02 | ||
| Debt/EBITDA | 5.26 | ||
| Cap/Depr | 74.57% | ||
| Cap/Sales | 14.66% | ||
| Interest Coverage | 3.58 | ||
| Cash Conversion | 78.43% | ||
| Profit Quality | 289.38% | ||
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.61 | ||
| Altman-Z | 1.15 |
F-Score5
WACC7.34%
ROIC/WACC0.87
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)0.19%
EPS 3Y9.23%
EPS 5Y11.8%
EPS Q2Q%-59.37%
EPS Next Y-26.2%
EPS Next 2Y-1.58%
EPS Next 3Y0.98%
EPS Next 5Y3.64%
Revenue 1Y (TTM)2.24%
Revenue growth 3Y2.67%
Revenue growth 5Y5.96%
Sales Q2Q%-9.43%
Revenue Next Year-0.16%
Revenue Next 2Y2.13%
Revenue Next 3Y2.86%
Revenue Next 5Y4.5%
EBIT growth 1Y19.68%
EBIT growth 3Y9.08%
EBIT growth 5Y10%
EBIT Next Year48.58%
EBIT Next 3Y17.77%
EBIT Next 5Y13.43%
FCF growth 1Y56.07%
FCF growth 3Y2.43%
FCF growth 5Y6.03%
OCF growth 1Y19.28%
OCF growth 3Y3.15%
OCF growth 5Y7.11%