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%)
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. AMT scores excellent on profitability, but there are 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.
- Each year in the past 5 years AMT has been profitable.
- AMT had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- AMT has a better Return On Assets (4.60%) than 73.33% of its industry peers.
- The Return On Equity of AMT (74.34%) is better 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.
- Measured over the past 3 years, the Average Return On Invested Capital for AMT is in line with the industry average of 4.86%.
- The last Return On Invested Capital (6.50%) for AMT is above the 3 year average (5.18%), which is a sign of increasing profitability.
| 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 has a better Profit Margin (28.11%) than 66.67% of its industry peers.
- AMT's Profit Margin has declined in the last couple of years.
- AMT has a better Operating Margin (45.58%) than 76.67% of its industry peers.
- 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
- AMT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- Compared to 1 year ago, AMT has more shares outstanding
- The number of shares outstanding for AMT has been increased compared to 5 years ago.
- AMT has a worse debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 1.08, we must say that AMT is in the distress zone and has some risk of bankruptcy.
- With a Altman-Z score value of 1.08, AMT perfoms like the industry average, outperforming 56.67% of the companies in the same industry.
- The Debt to FCF ratio of AMT is 10.09, which is on the high side as it means it would take AMT, 10.09 years of fcf income to pay off 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.
- AMT has a Debt to Equity ratio of 8.82. This is in the lower half of the industry: AMT underperforms 76.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 8.82 | ||
| Debt/FCF | 10.09 | ||
| Altman-Z | 1.08 |
ROIC/WACC0.87
WACC7.5%
2.3 Liquidity
- A Current Ratio of 0.59 indicates that AMT may have some problems paying its short term obligations.
- AMT's Current ratio of 0.59 is in line compared 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.
- AMT has a Quick ratio of 0.59. This is comparable to the rest of the industry: AMT outperforms 43.33% of its industry peers.
| 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.
- Measured over the past years, AMT shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.80% on average per year.
- Looking at the last year, AMT shows a small growth in Revenue. The Revenue has grown by 4.18% in the last year.
- Measured over the past years, AMT shows a small growth in Revenue. The Revenue has been growing by 5.96% on average per year.
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
- 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.
- 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 the industry average as 73.33% of the companies are valued more expensively.
- 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.
- The Price/Forward Earnings ratio is 26.01, which means the current valuation is very expensive for AMT.
- 66.67% of the companies in the same industry are more expensive than AMT, based on the Price/Forward Earnings ratio.
- AMT is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.31, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29 | ||
| Fwd PE | 26.01 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, AMT is valued a bit cheaper than the industry average as 70.00% of the companies are valued more expensively.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of AMT indicates a somewhat cheap valuation: AMT is cheaper than 66.67% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.03 | ||
| EV/EBITDA | 17.43 |
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.
- AMT's Dividend Yield is slightly below the industry average, which is at 5.69.
- 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
- On average, the dividend of AMT grows each year by 12.67%, which is quite nice.
- AMT has paid a dividend for at least 10 years, which is 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.
- The dividend of AMT is growing, but the earnings are growing slower. 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 | 17.43 |
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 | 1.08 |
F-Score6
WACC7.5%
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)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.