American Tower Corp.


Market Cap$87.65B

Compare American Tower

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
American Tower Corp.American Tower Corp.122.73.39%35%8.69.3
marketMarket Avg49.61.28%30%6.11.1
FinanceFinance Avg11.51.93%13%2.81.5

Earnings Call Q4 2023

February 27, 2024 - AI Summary

American Tower reported strong fourth quarter and full year 2023 results, exceeding their prior outlook midpoints across property revenue, adjusted EBITDA, and attributable AFFO per share.
The company achieved over 6% consolidated organic tenant billings growth in 2023, with record colocation and amendment growth in both the U.S. & Canada and International segments.
American Tower is focused on operating the highest quality portfolio by investing in assets in attractive geographies with long-term sustained growth potential and securing business with market leaders.
They are committed to delivering the most efficient global operating model through cost discipline, margin expansion, and increasing returns on invested capital. They plan to reduce SG&A and improve cash adjusted EBITDA margin by approximately 200 basis points since 2022.
The company aims to strengthen its balance sheet as a strategic asset and prioritize resiliency and flexibility in the evolving economic environment. They will hold the dividend relatively flat in 2024 and focus on reducing gross debt balance and achieving their net leverage target.
American Tower plans to allocate capital between their tower and data center platforms based on the highest risk-adjusted rates of return. They expect to invest more in developed markets and expand existing CoreSite data center campuses while being open to selective opportunities for international expansion.

Current Fair Value

2.3% downside

Overvalued by 2.3% based on the discounted cash flow analysis.

Share Statistics

Market cap$87.65 Billion
Enterprise Value$124.60 Billion
Dividend Yield$6.3691 (3.39%)
Earnings per Share$1.53
Outstanding Shares466,200,000
Avg 30 Day Volume2,272,274


Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio122.66
Price to Sales8.65
Price to Book Ratio22.1
Enterprise Value to Revenue11.18
Enterprise Value to EBIT33.18
Enterprise Value to Net Income84
Total Debt to Enterprise0.31
Debt to Equity9.27

Revenue Sources

No data

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...