CROWN CASTLE INC (CCI)
US22822V1017 - REIT
We assign a fundamental rating of 3 out of 10 to CCI. CCI was compared to 28 industry peers in the Specialized REITs industry. There are concerns on the financial health of CCI while its profitability can be described as average. CCI is valued expensive and it does not seem to be growing. CCI also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
CCI had positive earnings in the past year.
CCI had a positive operating cash flow in the past year.
CCI had positive earnings in each of the past 5 years.
Each year in the past 5 years CCI had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 3.23%, CCI is doing good in the industry, outperforming 60.71% of the companies in the same industry.
The Return On Equity of CCI (23.19%) is better than 89.29% of its industry peers.
CCI's Return On Invested Capital of 5.05% is fine compared to the rest of the industry. CCI outperforms 64.29% 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 5.21%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.23% | ||
| ROE | 23.19% | ||
| ROIC | 5.05% |
ROA(3y)3.67%
ROA(5y)3.11%
ROE(3y)19.77%
ROE(5y)15.4%
ROIC(3y)5.05%
ROIC(5y)4.56%
1.3 Margins
The Profit Margin of CCI (18.63%) is comparable to the rest of the industry.
CCI's Profit Margin has improved in the last couple of years.
The Operating Margin of CCI (34.87%) is worse than 60.71% of its industry peers.
In the last couple of years the Operating Margin of CCI has grown nicely.
CCI's Gross Margin of 72.15% is in line compared to the rest of the industry. CCI outperforms 46.43% of its industry peers.
In the last couple of years the Gross Margin of CCI has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.87% | ||
| PM (TTM) | 18.63% | ||
| GM | 72.15% |
OM growth 3Y2.25%
OM growth 5Y5.91%
PM growth 3Y7.94%
PM growth 5Y17.82%
GM growth 3Y2.62%
GM growth 5Y1.76%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CCI is destroying value.
The number of shares outstanding for CCI has been increased compared to 1 year ago.
CCI has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, CCI has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.69, we must say that CCI is in the distress zone and has some risk of bankruptcy.
CCI has a Altman-Z score of 0.69. This is in the lower half of the industry: CCI underperforms 67.86% of its industry peers.
The Debt to FCF ratio of CCI is 14.75, which is on the high side as it means it would take CCI, 14.75 years of fcf income to pay off all of its debts.
CCI has a Debt to FCF ratio (14.75) which is in line with its industry peers.
CCI has a Debt/Equity ratio of 4.43. This is a high value indicating a heavy dependency on external financing.
CCI has a worse Debt to Equity ratio (4.43) than 82.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.43 | ||
| Debt/FCF | 14.75 | ||
| Altman-Z | 0.69 |
ROIC/WACC0.72
WACC7.03%
2.3 Liquidity
A Current Ratio of 0.54 indicates that CCI may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.54, CCI is doing worse than 75.00% of the companies in the same industry.
A Quick Ratio of 0.54 indicates that CCI may have some problems paying its short term obligations.
CCI has a worse Quick ratio (0.54) than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.54 | ||
| Quick Ratio | 0.54 |
3. Growth
3.1 Past
The earnings per share for CCI have decreased strongly by -21.23% in the last year.
Measured over the past years, CCI shows a very strong growth in Earnings Per Share. The EPS has been growing by 20.89% on average per year.
CCI shows a decrease in Revenue. In the last year, the revenue decreased by -6.76%.
Measured over the past years, CCI shows a small growth in Revenue. The Revenue has been growing by 5.39% on average per year.
EPS 1Y (TTM)-21.23%
EPS 3Y26.24%
EPS 5Y20.89%
EPS Q2Q%14.75%
Revenue 1Y (TTM)-6.76%
Revenue growth 3Y6.13%
Revenue growth 5Y5.39%
Sales Q2Q%-0.9%
3.2 Future
The Earnings Per Share is expected to decrease by -2.68% on average over the next years.
The Revenue is expected to grow by 1.27% on average over the next years.
EPS Next Y-29.67%
EPS Next 2Y-11.57%
EPS Next 3Y-6.15%
EPS Next 5Y-2.68%
Revenue Next Year-5.94%
Revenue Next 2Y-3.66%
Revenue Next 3Y-1.45%
Revenue Next 5Y1.27%
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
Based on the Price/Earnings ratio of 37.39, the valuation of CCI can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of CCI is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 29.20, CCI is valued a bit more expensive.
The Price/Forward Earnings ratio is 38.97, which means the current valuation is very expensive for CCI.
CCI's Price/Forward Earnings ratio is in line with the industry average.
CCI's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 24.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.39 | ||
| Fwd PE | 38.97 |
4.2 Price Multiples
CCI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CCI is cheaper than 60.71% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CCI is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 28.1 | ||
| EV/EBITDA | 17.15 |
4.3 Compensation for Growth
The decent profitability rating of CCI may justify a higher PE ratio.
CCI's earnings are expected to decrease with -6.15% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)1.79
EPS Next 2Y-11.57%
EPS Next 3Y-6.15%
5. Dividend
5.1 Amount
CCI has a Yearly Dividend Yield of 6.08%, which is a nice return.
Compared to an average industry Dividend Yield of 4.54, CCI pays a better dividend. On top of this CCI pays more dividend than 85.71% of the companies listed in the same industry.
CCI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.23.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.08% |
5.2 History
The dividend of CCI is nicely growing with an annual growth rate of 6.35%!
CCI has paid a dividend for at least 10 years, which is a reliable track record.
As CCI did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)6.35%
Div Incr Years9
Div Non Decr Years9
5.3 Sustainability
CCI pays out 222.15% of its income as dividend. This is not a sustainable payout ratio.
CCI's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP222.15%
EPS Next 2Y-11.57%
EPS Next 3Y-6.15%
CROWN CASTLE INC
NYSE:CCI (11/22/2024, 8:04:00 PM)
After market: 105.44 0 (0%)105.44
+0.94 (+0.9%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap45.82B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.08% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.39 | ||
| Fwd PE | 38.97 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)1.79
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.23% | ||
| ROE | 23.19% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 34.87% | ||
| PM (TTM) | 18.63% | ||
| GM | 72.15% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.43 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.54 | ||
| Quick Ratio | 0.54 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-21.23%
EPS 3Y26.24%
EPS 5Y
EPS Q2Q%
EPS Next Y-29.67%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-6.76%
Revenue growth 3Y6.13%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y