American Fundamentals

AMT
 Stock
  

USD 220.08  1.83  0.84%   

American Tower Corp fundamentals help investors to digest information that contributes to American Tower's financial success or failures. It also enables traders to predict the movement of American Stock. The fundamental analysis module provides a way to measure American Tower's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to American Tower stock.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  
American Tower Direct Expenses is comparatively stable at the moment as compared to the past year. American Tower reported Direct Expenses of 2.68 Billion in 2021. Consolidated Income is likely to gain to about 2.8 B in 2022, whereas Gross Profit is likely to drop slightly above 5.9 B in 2022.

American Working Capital Analysis

American Tower's Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .

American Tower Working Capital

(5.48 Billion)

Working Capital 
 = 
Current Assets 
Current Liabilities 
More About Working Capital | All Equity Analysis

Current American Tower Working Capital

    
  (203.56 M)  
Most of American Tower's fundamental indicators, such as Working Capital, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, American Tower Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

American Working Capital Historical Pattern

Today, most investors in American Tower Stock are looking for potential investment opportunities by analyzing not only static indicators but also various American Tower's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's working capital growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of American Tower working capital as a starting point in their analysis.
   American Tower Working Capital   
Share
       Timeline  
Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
Compare to competition

American Capital Expenditure

Capital Expenditure

(1.41 Billion)

American Tower Capital Expenditure is comparatively stable at the moment as compared to the past year. American Tower reported Capital Expenditure of (1.38 Billion) in 2021
In accordance with the company's disclosures, American Tower Corp has a Working Capital of (203.56 Million). This is 29.88% higher than that of the Real Estate sector and significantly lower than that of the REIT—Specialty industry. The working capital for all United States stocks is 113.77% higher than that of the company.

American Tower Corp Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining American Tower's current stock value. Our valuation model uses many indicators to compare American Tower value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across American Tower competition to find correlations between indicators driving American Tower's intrinsic value. More Info.
American Tower Corp is number one stock in cash per share category among related companies. It is number one stock in beta category among related companies totaling about  0.11  of Beta per Cash per Share. The ratio of Cash per Share to Beta for American Tower Corp is roughly  8.77 . Comparative valuation analysis is a catch-all model that can be used if you cannot value American Tower by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for American Tower's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the American Tower's earnings, one of the primary drivers of an investment's value.

American Book Value Per Share Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses American Tower's direct or indirect competition against its Book Value Per Share to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of American Tower could also be used in its relative valuation, which is a method of valuing American Tower by comparing valuation metrics of similar companies.
American Tower is currently under evaluation in book value per share category among related companies.

American Tower Current Valuation Drivers

We derive many important indicators used in calculating different scores of American Tower from analyzing American Tower's financial statements. These drivers represent accounts that assess American Tower's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of American Tower's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee260.71 K246 K346.13 K300.1 K402.59 K321.17 K
Revenue Per Employee1.4 M1.48 M1.39 M1.43 M1.47 M1.33 M
Average Assets32.43 B33.42 B40.03 B42.75 B59.09 B48.26 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA2.79 B2.81 B3.59 B3.5 B4.7 B5.07 B
Earnings Before Interest Taxes and Depreciation Amortization USD3.74 B4.06 B4.48 B4.5 B6.03 B5.09 B
Earnings before Tax1.27 B1.13 B1.89 B1.82 B2.83 B3.05 B
Average Equity6.52 B5.64 B5.28 B3.77 B5.03 B5.52 B
Enterprise Value79.5 B89.65 B128.75 B129.67 B171.65 B136.62 B
Free Cash Flow2.12 B2.84 B2.76 B2.85 B3.44 B2.92 B
Invested Capital32.53 B31.5 B48.3 B57.31 B76.41 B82.44 B
Invested Capital Average30.93 B31.71 B45.66 B50.95 B65.58 B52.83 B
Market Capitalization61.18 B69.68 B101.8 B99.71 B133.21 B105.71 B
Tangible Asset Value15.79 B16.33 B24.3 B26.11 B35.81 B28.39 B
Working Capital(474 M)(2.3 B)(2.93 B)(749.9 M)(5.34 B)(5.48 B)

American Tower ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, American Tower's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to American Tower's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

American Fundamentals

About American Tower Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze American Tower Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of American Tower using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of American Tower Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2022
Deferred Revenue1.2 B1.3 B
Cost of Revenue2.7 B2.3 B
Revenues9.4 B10.1 B
Revenue to Assets 0.13  0.18 
Revenue Per Employee1.5 M1.3 M

American Tower Investors Sentiment

The influence of American Tower's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in American. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to American Tower's public news can be used to forecast risks associated with investment in American. The trend in average sentiment can be used to explain how an investor holding American can time the market purely based on public headlines and social activities around American Tower Corp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
American Tower's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for American Tower's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average American Tower's news discussions. The higher the estimated score, the more favorable is the investor's outlook on American Tower.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards American Tower in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, American Tower's short interest history, or implied volatility extrapolated from American Tower options trading.

Pair Trading with American Tower

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if American Tower position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in American Tower will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to American Tower could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Tower when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back American Tower - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling American Tower Corp to buy it.
The correlation of American Tower is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as American Tower moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Tower Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for American Tower can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to American Tower Piotroski F Score and American Tower Altman Z Score analysis. You can also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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When running American Tower Corp price analysis, check to measure American Tower's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy American Tower is operating at the current time. Most of American Tower's value examination focuses on studying past and present price action to predict the probability of American Tower's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move American Tower's price. Additionally, you may evaluate how the addition of American Tower to your portfolios can decrease your overall portfolio volatility.
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Is American Tower's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of American Tower. If investors know American will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about American Tower listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.14
Market Capitalization
102.5 B
Quarterly Revenue Growth YOY
0.088
Return On Assets
0.0312
Return On Equity
0.26
The market value of American Tower Corp is measured differently than its book value, which is the value of American that is recorded on the company's balance sheet. Investors also form their own opinion of American Tower's value that differs from its market value or its book value, called intrinsic value, which is American Tower's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because American Tower's market value can be influenced by many factors that don't directly affect American Tower's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between American Tower's value and its price as these two are different measures arrived at by different means. Investors typically determine American Tower value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Tower's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.