(AMT) American Tower - Overview
Sector: Real Estate | Industry: REIT - Specialty | Exchange: NYSE (USA) | Market Cap: 86.167m USD | Total Return: -10.2% in 12m
Avg Turnover: 512M
EPS Trend: 60.3%
Qual. Beats: 0
Rev. Trend: -52.2%
Qual. Beats: 0
Warnings
Altman Z'' -0.40 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
American Tower Corporation (AMT) is a global Real Estate Investment Trust (REIT) focused on multitenant communications infrastructure. Its core business involves leasing space on physical towers to wireless carriers, broadcasters, and government entities, alongside a growing data center portfolio. The company also provides ancillary services such as site zoning, structural analysis, and construction management to support tenant equipment deployment.
The business model relies on long-term lease agreements, typically featuring built-in rent escalators and high tenant retention due to the critical nature of the infrastructure. As a Telecom Tower REIT, American Tower benefits from the increasing global demand for mobile data and the ongoing transition to 5G network standards. Investors may find additional insights on valuation and historical performance by reviewing ValueRay.
- Global 5G network expansion drives increased tenant leasing demand and colocation
- Interest rate fluctuations impact financing costs and REIT distribution yields
- International market growth offsets domestic wireless carrier consolidation pressures
- Data center integration scales high-density computing infrastructure through CoreSite acquisition
- Long-term master lease agreements provide predictable multi-year rental revenue growth
| Net Income: 2.88b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -0.12 > 1.0 |
| NWC/Revenue: -38.56% < 20% (prev -26.73%; Δ -11.82% < -1%) |
| CFO/TA 0.09 > 3% & CFO 5.57b > Net Income 2.88b |
| Net Debt (51.5b) to EBITDA (6.71b): 7.67 < 3 |
| Current Ratio: 0.40 > 1.5 & < 3 |
| Outstanding Shares: last quarter (466.8m) vs 12m ago -0.36% < -2% |
| Gross Margin: 73.37% > 18% (prev 0.74%; Δ 7.26k% > 0.5%) |
| Asset Turnover: 17.28% > 50% (prev 16.97%; Δ 0.30% > 0%) |
| Interest Coverage Ratio: 3.34 > 6 (EBITDA TTM 6.71b / Interest Expense TTM 1.38b) |
| A: -0.07 (Total Current Assets 2.74b - Total Current Liabilities 6.91b) / Total Assets 63.2b |
| B: -0.08 (Retained Earnings -5.09b / Total Assets 63.2b) |
| C: 0.07 (EBIT TTM 4.62b / Avg Total Assets 62.6b) |
| D: -0.19 (Book Value of Equity -9.90b / Total Liabilities 52.8b) |
| Altman-Z'' = -0.40 = B |
| DSRI: 0.65 (Receivables 650.3m/968.3m, Revenue 10.8b/10.5b) |
| GMI: 1.01 (GM 73.37% / 73.77%) |
| AQI: 1.27 (AQ_t 0.63 / AQ_t-1 0.50) |
| SGI: 1.03 (Revenue 10.8b / 10.5b) |
| TATA: -0.04 (NI 2.88b - CFO 5.57b) / TA 63.2b) |
| Beneish M = -3.17 (Cap -4..+1) = AA |
As of June 03, 2026, the stock is trading at USD 185.53 with a total of 1,731,263 shares traded.
Over the past week, the price has changed by +0.31%,
over one month by +2.57%,
over three months by -1.48% and
over the past year by -10.15%.
American Tower has received a consensus analysts rating of 4.32. Therefore, it is recommended to buy AMT.
- StrongBuy: 14
- Buy: 5
- Hold: 6
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 216.1 | 16.5% |
P/E Trailing = 29.8306
P/E Forward = 27.8552
P/S = 7.9642
P/B = 24.3157
P/EG = 1.9278
Revenue TTM = 10.8b USD
EBIT TTM = 4.62b USD
EBITDA TTM = 6.71b USD
Long Term Debt = 31.2b USD (from longTermDebt, last quarter)
Short Term Debt = 3.97b USD (from shortTermDebt, last quarter)
Debt = 52.9b USD (from shortLongTermDebtTotal, last quarter) + Leases 7.81b
Net Debt = 51.5b USD (calculated: Debt 52.9b - CCE 1.47b)
Enterprise Value = 138b USD (86.2b + Debt 52.9b - CCE 1.47b)
Interest Coverage Ratio = 3.34 (Ebit TTM 4.62b / Interest Expense TTM 1.38b)
EV/FCF = 36.50x (Enterprise Value 138b / FCF TTM 3.77b)
FCF Yield = 2.74% (FCF TTM 3.77b / Enterprise Value 138b)
FCF Margin = 34.85% (FCF TTM 3.77b / Revenue TTM 10.8b)
Net Margin = 26.60% (Net Income TTM 2.88b / Revenue TTM 10.8b)
Gross Margin = 73.37% ((Revenue TTM 10.8b - Cost of Revenue TTM 2.88b) / Revenue TTM)
Gross Margin QoQ = 73.91% (prev 70.70%)
Tobins Q-Ratio = 2.18 (Enterprise Value 138b / Total Assets 63.2b)
Interest Expense / Debt = 2.61% (Interest Expense 1.38b / Debt 52.9b)
Taxrate = 13.28% (128.1m / 964.9m)
NOPAT = 4.01b (EBIT 4.62b * (1 - 13.28%))
Current Ratio = 0.40 (Total Current Assets 2.74b / Total Current Liabilities 6.91b)
Debt / Equity = 14.49 (Debt 52.9b / totalStockholderEquity, last quarter 3.65b)
Debt / EBITDA = 7.67 (Net Debt 51.5b / EBITDA 6.71b)
Debt / FCF = 13.65 (Net Debt 51.5b / FCF TTM 3.77b)
Total Stockholder Equity = 3.74b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.60% (Net Income 2.88b / Total Assets 63.2b)
RoE = 32.60% (Net Income TTM 2.88b / Total Stockholder Equity 8.83b)
RoCE = 11.55% (EBIT 4.62b / Capital Employed (Equity 8.83b + L.T.Debt 31.2b))
RoIC = 6.66% (NOPAT 4.01b / Invested Capital 60.2b)
WACC = 4.11% (E(86.2b)/V(139b) * Re(5.24%) + D(52.9b)/V(139b) * Rd(2.61%) * (1-Tc(0.13)))
Discount Rate = 5.24% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 60.0 | Cagr: -0.06%
[DCF] Terminal Value 75.42% ; FCFF base≈3.77b ; Y1≈3.78b ; Y5≈4.00b
[DCF] Fair Price = 22.98 (EV 62.2b - Net Debt 51.5b = Equity 10.7b / Shares 465.9m; r=8.35% [WACC [floored]]; 5y FCF grow -0.18% → 2.50% )
EPS Correlation: 60.31 | EPS CAGR: 32.65% | SUE: 0.20 | # QB: 0
Revenue Correlation: -52.20 | Revenue CAGR: -1.29% | SUE: 0.59 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.53 | Chg30d=-4.24% | Revisions=-45% | Analysts=8
EPS next Quarter (2026-09-30): EPS=1.57 | Chg30d=-3.44% | Revisions=-54% | Analysts=8
EPS current Year (2026-12-31): EPS=6.57 | Chg30d=+1.45% | Revisions=+43% | GrowthEPS=+21.7% | GrowthRev=+2.5%
EPS next Year (2027-12-31): EPS=6.91 | Chg30d=-0.48% | Revisions=-8% | GrowthEPS=+5.1% | GrowthRev=+3.4%
[Analyst] Revisions Ratio: -54%