Crown Castle Inc


Market Cap$46.83B

Compare Crown Castle

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Crown Castle IncCrown Castle Inc30.25.67%23%6.83.4
marketMarket Avg49.61.28%30%6.11.1
FinanceFinance Avg11.51.93%13%2.81.5

Earnings Call Q4 2023

January 25, 2024 - AI Summary

Full year 2023 site rental revenues grew 4%, with tower organic growth at 5% and small cell growth at 6%. Fiber solutions revenue remained flat.
The 2024 outlook shows a decline in site rental revenues, adjusted EBITDA, and AFFO due to the absence of Sprint Cancellation payments, reduced non-cash items, and lower contribution from services gross margin. However, normalized for these impacts, there is expected to be year-over-year growth in all three metrics.
Tower growth is forecasted to average 5% through 2027, with 75% already contracted. Volatility on a quarter-to-quarter basis is expected but overall stability in cash flows and growth.
Churn in the small cell business is not anticipated in 2024, while churn in fiber solutions is expected to remain within the range of 1% to 2% per year.
The strategic fiber review is underway, evaluating alternatives to maximize value across the enterprise. No decisions have been made regarding monetizing land or other assets.
Employee morale is reported as good, with a focus on serving customers and driving the business forward despite recent changes and uncertainty.

Target Price by Analysts

5.8% upsideCrown Castle Target Price DetailsTarget Price

Current Fair Value

0.8% upside

Undervalued by 0.8% based on the discounted cash flow analysis.

Share Statistics

Market cap$46.83 Billion
Enterprise Value$69.44 Billion
Dividend Yield$6.1269 (5.67%)
Earnings per Share$3.58
Outstanding Shares433,688,863
Avg 30 Day Volume2,872,573


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

Valuation & Multiples

P/E Ratio30.17
Price to Sales6.79
Price to Book Ratio7.25
Enterprise Value to Revenue9.82
Enterprise Value to EBIT27.72
Enterprise Value to Net Income44
Total Debt to Enterprise0.33
Debt to Equity3.41

Revenue Sources

No data

ESG Score

No data

About Crown Castle International Corp

CEO: Jay Brown