American Tower Corp.
AMT
Market Cap$98.6B
Close$
Earnings Call Q4 2024
February 25, 2025 - AI Summary
Strong Demand and Network Upgrades: American Tower reported significant activity in network upgrades, with approximately 65% of sites upgraded with mid-band spectrum by its top three U.S. customers. A solid pipeline for new leases supports expectations for a robust 2025, with projected organic tenant billings growth in the U.S. and Canada at over 5% after accounting for Sprint churn impact.
2025 Financial Outlook: The company forecasts its attributable AFFO per share to grow by over 4% in 2025, reaching approximately $10.40, which highlights resilient cash conversion amid vigilant cost management. The anticipated annualized contribution from the South Africa fiber business sale is expected to enhance earnings quality.
Emphasis on Cost Efficiency: American Tower achieved a reduction in cash SG&A costs by $35 million in 2024, demonstrating a commitment to margin expansion and operating efficiency. This contributes to expectation of year-over-year cash adjusted EBITDA margin growth, supporting the financial targets for 2025 despite headwinds from FX and interest costs.
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$196.88
6.7% downside
Current Fair Value
6.7% downsideOvervalued by 6.7% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $98.60 Billion |
|---|---|
| Enterprise Value | $141.10 Billion |
| Dividend Yield | $6.48 (3.07210923055042%) |
| Earnings per Share | $4.83 |
| Beta | 0.86 |
| Outstanding Shares | 467,337,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 43.71 |
|---|---|
| PEG | 3.24 |
| Price to Sales | 9.17 |
| Price to Book Ratio | 10.55 |
| Enterprise Value to Revenue | 13.06 |
| Enterprise Value to EBIT | 27.71 |
| Enterprise Value to Net Income | 62 |
| Total Debt to Enterprise | 0.32 |
| Debt to Equity | 13.16 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About American Tower Corp.
5,454 employees
CEO: Thomas Bartlett American Tower Corporation is an American real estate investment trust and an owner and operator of wireless and broadcast communications infrastructure in several countries worldwide and is headquartered in Boston, Massachusetts. As of...