CROWN CASTLE INC (CCI) Stock Fundamental Analysis
NYSE:CCI - New York Stock Exchange, Inc. - US22822V1017 - REIT - Currency: USD
Taking everything into account, CCI scores 3 out of 10 in our fundamental rating. CCI was compared to 30 industry peers in the Specialized REITs industry. CCI has a medium profitability rating, but doesn't score so well on its financial health evaluation. CCI does not seem to be growing, but still is valued expensively. Finally CCI also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
CCI had positive earnings in the past year.
In the past year CCI had a positive cash flow from operations.
Of the past 5 years CCI 4 years were profitable.
CCI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CCI's Return On Assets of -11.92% is on the low side compared to the rest of the industry. CCI is outperformed by 90.00% of its industry peers.
The Return On Invested Capital of CCI (5.89%) is better than 66.67% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CCI is in line with the industry average of 5.25%.
The 3 year average ROIC (5.58%) for CCI is below the current ROIC(5.89%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -11.92% | ||
| ROE | N/A | ||
| ROIC | 5.89% |
ROA(3y)-1.24%
ROA(5y)0.33%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)5.58%
ROIC(5y)5.04%
1.3 Margins
CCI's Operating Margin of 34.67% is in line compared to the rest of the industry. CCI outperforms 43.33% of its industry peers.
CCI's Operating Margin has improved in the last couple of years.
The Gross Margin of CCI (71.88%) is comparable to the rest of the industry.
CCI's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.67% | ||
| PM (TTM) | N/A | ||
| GM | 71.88% |
OM growth 3Y2.8%
OM growth 5Y4.66%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.59%
GM growth 5Y1.86%
2. Health
2.1 Basic Checks
CCI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
CCI has more shares outstanding than it did 1 year ago.
The number of shares outstanding for CCI has been increased compared to 5 years ago.
CCI has a worse debt/assets ratio than last year.
2.2 Solvency
CCI has an Altman-Z score of 0.42. This is a bad value and indicates that CCI is not financially healthy and even has some risk of bankruptcy.
CCI has a worse Altman-Z score (0.42) than 80.00% of its industry peers.
CCI has a debt to FCF ratio of 13.99. This is a negative value and a sign of low solvency as CCI would need 13.99 years to pay back of all of its debts.
CCI has a Debt to FCF ratio of 13.99. This is comparable to the rest of the industry: CCI outperforms 56.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 13.99 | ||
| Altman-Z | 0.42 |
ROIC/WACC0.8
WACC7.38%
2.3 Liquidity
A Current Ratio of 0.50 indicates that CCI may have some problems paying its short term obligations.
CCI's Current ratio of 0.50 is on the low side compared to the rest of the industry. CCI is outperformed by 70.00% of its industry peers.
CCI has a Quick Ratio of 0.50. This is a bad value and indicates that CCI is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.50, CCI is not doing good in the industry: 70.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.5 | ||
| Quick Ratio | 0.5 |
3. Growth
3.1 Past
CCI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -30.06%.
Measured over the past 5 years, CCI shows a small growth in Earnings Per Share. The EPS has been growing by 4.20% on average per year.
Looking at the last year, CCI shows a decrease in Revenue. The Revenue has decreased by -5.92% in the last year.
CCI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.65% yearly.
EPS 1Y (TTM)-30.06%
EPS 3Y-3.22%
EPS 5Y4.2%
EPS Q2Q%-48.19%
Revenue 1Y (TTM)-5.92%
Revenue growth 3Y1.18%
Revenue growth 5Y2.65%
Sales Q2Q%-1.49%
3.2 Future
Based on estimates for the next years, CCI will show a quite strong growth in Earnings Per Share. The EPS will grow by 18.42% on average per year.
The Revenue is expected to decrease by -4.61% on average over the next years.
EPS Next Y-61.06%
EPS Next 2Y6.15%
EPS Next 3Y11.28%
EPS Next 5Y18.42%
Revenue Next Year-35.98%
Revenue Next 2Y-18.75%
Revenue Next 3Y-12.07%
Revenue Next 5Y-4.61%
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 42.81, which means the current valuation is very expensive for CCI.
CCI's Price/Earnings ratio is in line with the industry average.
CCI's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 28.29.
CCI is valuated quite expensively with a Price/Forward Earnings ratio of 109.92.
CCI's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. CCI is more expensive than 66.67% of the companies in the same industry.
CCI is valuated expensively when we compare the Price/Forward Earnings ratio to 21.08, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.81 | ||
| Fwd PE | 109.92 |
4.2 Price Multiples
CCI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CCI is cheaper than 66.67% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, CCI is valued a bit cheaper than 63.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.21 | ||
| EV/EBITDA | 17.2 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)10.19
EPS Next 2Y6.15%
EPS Next 3Y11.28%
5. Dividend
5.1 Amount
CCI has a Yearly Dividend Yield of 6.58%, which is a nice return.
CCI's Dividend Yield is rather good when compared to the industry average which is at 5.17. CCI pays more dividend than 83.33% of the companies in the same industry.
CCI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.58% |
5.2 History
The dividend of CCI has a limited annual growth rate of 5.20%.
CCI has been paying a dividend for at least 10 years, so it has a reliable track record.
CCI has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)5.2%
Div Incr Years9
Div Non Decr Years10
5.3 Sustainability
The earnings of CCI are negative and hence is the payout ratio. CCI will probably not be able to sustain this dividend level.
The dividend of CCI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-69.92%
EPS Next 2Y6.15%
EPS Next 3Y11.28%
103.59
+2.34 (+2.31%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners94.64%
Inst Owner Change0.01%
Ins Owners0.09%
Ins Owner Change1.85%
Market Cap45.11B
Analysts70.4
Price Target112.92 (9.01%)
Short Float %1.63%
Short Ratio2.39
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.58% |
Yearly Dividend6.28
Dividend Growth(5Y)5.2%
DP-69.92%
Div Incr Years9
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.34%
Min EPS beat(2)-1.41%
Max EPS beat(2)4.08%
EPS beat(4)2
Avg EPS beat(4)1.5%
Min EPS beat(4)-1.41%
Max EPS beat(4)4.08%
EPS beat(8)4
Avg EPS beat(8)-0.31%
EPS beat(12)6
Avg EPS beat(12)-0.42%
EPS beat(16)9
Avg EPS beat(16)-2.17%
Revenue beat(2)1
Avg Revenue beat(2)-0.09%
Min Revenue beat(2)-0.42%
Max Revenue beat(2)0.24%
Revenue beat(4)1
Avg Revenue beat(4)-0.15%
Min Revenue beat(4)-0.42%
Max Revenue beat(4)0.24%
Revenue beat(8)1
Avg Revenue beat(8)-0.54%
Revenue beat(12)4
Avg Revenue beat(12)-0.2%
Revenue beat(16)6
Avg Revenue beat(16)-0.27%
PT rev (1m)3.68%
PT rev (3m)-5.14%
EPS NQ rev (1m)-133.46%
EPS NQ rev (3m)-133.27%
EPS NY rev (1m)-65.33%
EPS NY rev (3m)-65.17%
Revenue NQ rev (1m)-34.8%
Revenue NQ rev (3m)-34.44%
Revenue NY rev (1m)-34.94%
Revenue NY rev (3m)-35.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.81 | ||
| Fwd PE | 109.92 | ||
| P/S | 6.87 | ||
| P/FCF | 26.21 | ||
| P/OCF | 15.33 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.2 |
EPS(TTM)2.42
EY2.34%
EPS(NY)0.94
Fwd EY0.91%
FCF(TTM)3.95
FCFY3.82%
OCF(TTM)6.76
OCFY6.52%
SpS15.08
BVpS-0.31
TBVpS-18.47
PEG (NY)N/A
PEG (5Y)10.19
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -11.92% | ||
| ROE | N/A | ||
| ROCE | 7.45% | ||
| ROIC | 5.89% | ||
| ROICexc | 5.91% | ||
| ROICexgc | 7.98% | ||
| OM | 34.67% | ||
| PM (TTM) | N/A | ||
| GM | 71.88% | ||
| FCFM | 26.2% |
ROA(3y)-1.24%
ROA(5y)0.33%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)5.58%
ROIC(5y)5.04%
ROICexc(3y)5.6%
ROICexc(5y)5.07%
ROICexgc(3y)8.46%
ROICexgc(5y)7.89%
ROCE(3y)7.06%
ROCE(5y)6.39%
ROICexcg growth 3Y4.12%
ROICexcg growth 5Y6.36%
ROICexc growth 3Y10.73%
ROICexc growth 5Y11.31%
OM growth 3Y2.8%
OM growth 5Y4.66%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.59%
GM growth 5Y1.86%
F-Score6
Asset Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | 13.99 | ||
| Debt/EBITDA | 5.85 | ||
| Cap/Depr | 70.31% | ||
| Cap/Sales | 18.61% | ||
| Interest Coverage | 2.54 | ||
| Cash Conversion | 73.3% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.5 | ||
| Quick Ratio | 0.5 | ||
| Altman-Z | 0.42 |
F-Score6
WACC7.38%
ROIC/WACC0.8
Cap/Depr(3y)76.08%
Cap/Depr(5y)80.8%
Cap/Sales(3y)19.25%
Cap/Sales(5y)20.99%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-30.06%
EPS 3Y-3.22%
EPS 5Y4.2%
EPS Q2Q%-48.19%
EPS Next Y-61.06%
EPS Next 2Y6.15%
EPS Next 3Y11.28%
EPS Next 5Y18.42%
Revenue 1Y (TTM)-5.92%
Revenue growth 3Y1.18%
Revenue growth 5Y2.65%
Sales Q2Q%-1.49%
Revenue Next Year-35.98%
Revenue Next 2Y-18.75%
Revenue Next 3Y-12.07%
Revenue Next 5Y-4.61%
EBIT growth 1Y-8.48%
EBIT growth 3Y4.02%
EBIT growth 5Y7.43%
EBIT Next Year28.03%
EBIT Next 3Y12.56%
EBIT Next 5Y12.56%
FCF growth 1Y1.12%
FCF growth 3Y4.73%
FCF growth 5Y21.84%
OCF growth 1Y-5.85%
OCF growth 3Y2.57%
OCF growth 5Y1.75%