AMERICAN TOWER CORP (AMT) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:AMT - US03027X1000 - REIT
181.55 USD
+4.07 (+2.29%)
181.55 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to AMT. 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. AMT has a correct valuation and a medium growth rate.
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
- The Return On Assets of AMT (4.60%) is better than 73.33% of its industry peers.
- Looking at the Return On Equity, with a value of 74.34%, AMT belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
- The Return On Invested Capital of AMT (6.50%) is better than 83.33% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for AMT is in line with the industry average of 4.86%.
- 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
- AMT's Profit Margin of 28.11% is fine compared to the rest of the industry. AMT outperforms 66.67% of its industry peers.
- In the last couple of years the Profit Margin of AMT has declined.
- With a decent Operating Margin value of 45.58%, AMT is doing good in 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.
- AMT has a better Gross Margin (74.29%) than 63.33% of its industry peers.
- 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.
- Compared to 5 years ago, AMT has more shares outstanding
- AMT has a worse debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 1.10, we must say that AMT is in the distress zone and has some risk of bankruptcy.
- AMT's Altman-Z score of 1.10 is in line compared to the rest of the industry. AMT outperforms 56.67% of its industry peers.
- 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.
- AMT has a better Debt to FCF ratio (10.09) than 70.00% of its industry peers.
- A Debt/Equity ratio of 8.82 is on the high side and indicates that AMT has dependencies on debt financing.
- With a Debt to Equity ratio value of 8.82, AMT is not doing good in the industry: 76.67% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.82 | ||
| Debt/FCF | 10.09 | ||
| Altman-Z | 1.1 |
ROIC/WACC0.86
WACC7.52%
2.3 Liquidity
- A Current Ratio of 0.59 indicates that AMT may have some problems paying its short term obligations.
- AMT has a Current ratio of 0.59. This is comparable to the rest of the industry: AMT outperforms 43.33% of its industry peers.
- AMT has a Quick Ratio of 0.59. This is a bad value and indicates that AMT is not financially healthy enough and could expect problems in meeting its short term obligations.
- With a Quick ratio value of 0.59, AMT perfoms like the industry average, 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
- AMT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 26.46%, which is quite impressive.
- AMT shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.80% yearly.
- Looking at the last year, AMT shows a small growth in Revenue. The Revenue has grown by 4.18% in the last year.
- The Revenue has been growing slightly by 5.96% on average over the past years.
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-27.71%
EPS Next 2Y-2.82%
EPS Next 3Y0.25%
EPS Next 5Y3.38%
Revenue Next Year0.6%
Revenue Next 2Y2.11%
Revenue Next 3Y2.83%
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.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 29.00, which means the current valuation is very expensive for AMT.
- Based on the Price/Earnings ratio, AMT is valued a bit cheaper than 73.33% of the companies in the same industry.
- When comparing the Price/Earnings ratio of AMT to the average of the S&P500 Index (27.54), we can say AMT is valued inline with the index average.
- AMT is valuated quite expensively with a Price/Forward Earnings ratio of 26.01.
- AMT's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. AMT is cheaper than 66.67% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 24.31. AMT is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29 | ||
| Fwd PE | 26.01 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AMT indicates a somewhat cheap valuation: AMT is cheaper than 63.33% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, AMT is valued a bit cheaper than 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.03 | ||
| 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)2.46
EPS Next 2Y-2.82%
EPS Next 3Y0.25%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 3.99%, AMT has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 5.69, AMT is paying slightly less dividend.
- AMT's Dividend Yield is rather good when compared to the S&P500 average which is at 1.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.99% |
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.
- The dividend of AMT decreased 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-2.82%
EPS Next 3Y0.25%
181.55
+4.07 (+2.29%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)10-28 2025-10-28/bmo
Earnings (Next)02-23 2026-02-23/amc
Inst Owners95.16%
Inst Owner Change0.27%
Ins Owners0.06%
Ins Owner Change0.23%
Market Cap84.99B
Revenue(TTM)10.45B
Net Income(TTM)2.94B
Analysts80
Price Target232.13 (27.86%)
Short Float %1.3%
Short Ratio1.95
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.99% |
Yearly Dividend6.59
Dividend Growth(5Y)12.67%
DP106.15%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
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)-0.55%
PT rev (3m)-8.56%
EPS NQ rev (1m)-0.17%
EPS NQ rev (3m)-9.47%
EPS NY rev (1m)0.01%
EPS NY rev (3m)-0.28%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.86%
Revenue NY rev (1m)0.05%
Revenue NY rev (3m)0.98%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29 | ||
| Fwd PE | 26.01 | ||
| P/S | 8.13 | ||
| P/FCF | 23.03 | ||
| P/OCF | 16.23 | ||
| P/B | 21.5 | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.71 |
EPS(TTM)6.26
EY3.45%
EPS(NY)6.98
Fwd EY3.84%
FCF(TTM)7.88
FCFY4.34%
OCF(TTM)11.18
OCFY6.16%
SpS22.33
BVpS8.44
TBVpS-49.23
PEG (NY)N/A
PEG (5Y)2.46
Graham Number34.49
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
WACC7.52%
ROIC/WACC0.86
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-27.71%
EPS Next 2Y-2.82%
EPS Next 3Y0.25%
EPS Next 5Y3.38%
Revenue 1Y (TTM)4.18%
Revenue growth 3Y2.67%
Revenue growth 5Y5.96%
Sales Q2Q%7.74%
Revenue Next Year0.6%
Revenue Next 2Y2.11%
Revenue Next 3Y2.83%
Revenue Next 5Y4.57%
EBIT growth 1Y15.4%
EBIT growth 3Y9.08%
EBIT growth 5Y10%
EBIT Next Year49.02%
EBIT Next 3Y17.39%
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 fundamental rating for AMT stock?
ChartMill assigns a fundamental rating of 4 / 10 to AMT.
What is the valuation status for AMT stock?
ChartMill assigns a valuation rating of 4 / 10 to AMERICAN TOWER CORP (AMT). This can be considered as Fairly Valued.
Can you provide the profitability details for AMERICAN TOWER CORP?
AMERICAN TOWER CORP (AMT) has a profitability rating of 7 / 10.
What are the PE and PB ratios of AMERICAN TOWER CORP (AMT) stock?
The Price/Earnings (PE) ratio for AMERICAN TOWER CORP (AMT) is 29 and the Price/Book (PB) ratio is 21.5.
Can you provide the expected EPS growth for AMT stock?
The Earnings per Share (EPS) of AMERICAN TOWER CORP (AMT) is expected to decline by -27.71% in the next year.