American Z Score

AMT
 Stock
  

USD 221.30  0.05  0.0226%   

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Please continue to American Tower Piotroski F Score and American Tower Valuation analysis.
  
Invested Capital is likely to gain to about 82.4 B in 2022, whereas Capital Expenditure is likely to drop (1.4 B) in 2022. 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 Z Score Analysis

American Tower's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Z Score 
 = 
Sum Of  
 
5 Factors 
More About Z Score | All Equity Analysis

Current American Tower Z Score

    
  1.2  
Most of American Tower's fundamental indicators, such as Z Score, 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.
First Factor
 = 
1.2 * (
Working Capital
/
Total Assets )
Second Factor
 = 
1.4 * (
Retained Earnings
/
Total Assets )
Thrid Factor
 = 
3.3 * (
EBITAD
/
Total Assets )
Fouth Factor
 = 
0.6 * (
Market Value of Equity
/
Total Liabilities )
Fifth Factor
 = 
0.99 * (
Revenue
/
Total Assets )

American Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for American Tower is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since American Tower's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of American Tower's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of American Tower's interrelated accounts and indicators.
To calculate Z-Score one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. Z-Score can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition

In accordance with the company's disclosures, American Tower Corp has a Z Score of 1.2. This is 12.41% lower than that of the Equity Real Estate Investment Trusts (REITs) sector and significantly higher than that of the Real Estate industry. The z score for all United States stocks is 86.24% higher than that of the company.

American Z Score 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 Z Score 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 z score 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 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.
American Tower Corporation, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of approximately 219,000 communications sites. For more information about American Tower, please visit the Earnings Materials and Investor Presentations sections of our investor relations website at www.americantower.com. American Tower operates under REITSpecialty classification in the United States and is traded on New York Stock Exchange. It employs 6378 people.
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.

Moving together with American Tower

+0.95NLYAnnaly Capital Management Potential GrowthPairCorr
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 Valuation analysis. You can also try Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

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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.
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.