American Tower CorpFind Ratings Reports
AMERICAN TOWER CORP's gross profit margin for the second quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. AMERICAN TOWER CORP has very weak liquidity. Currently, the Quick Ratio is 0.42 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 4.29% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.
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|Income Statement||Q2 FY17||Q2 FY16|
|Net Sales ($mil)||1662.43||1442.23|
|Net Income ($mil)||367.05||187.55|
|Balance Sheet||Q2 FY17||Q2 FY16|
|Cash & Equiv. ($mil)||914.31||553.3|
|Total Assets ($mil)||32138.21||30740.2|
|Total Debt ($mil)||19241.97||18717.08|
|Profitability||Q2 FY17||Q2 FY16|
|Gross Profit Margin||68.13||67.8|
|Return on Assets||3.66||2.59|
|Return on Equity||16.56||10.2|
|Debt||Q2 FY17||Q2 FY16|
|Share Data||Q2 FY17||Q2 FY16|
|Shares outstanding (mil)||429.18||425.26|
|Div / share||1.26||1.04|
|Book value / share||15.11||15.93|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||1646607.0||2088943.0|
BUY. AMERICAN TOWER CORP's P/E ratio indicates a discount compared to an average of 60.91 for the Equity Real Estate Investment Trusts REITs industry and a significant premium compared to the S&P 500 average of 24.88. For additional comparison, its price-to-book ratio of 9.46 indicates a significant premium versus the S&P 500 average of 3.10 and a significant premium versus the industry average of 3.91. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium.
|AMT 57.37||Peers 60.91||AMT 21.35||Peers 19.13|
Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation.
AMT is trading at a valuation on par with its peers.
Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
AMT is trading at a premium to its peers.
|AMT 38.40||Peers 54.38||AMT 1.12||Peers 3.77|
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.
AMT is trading at a discount to its peers.
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
AMT trades at a significant discount to its peers.
|AMT 9.46||Peers 3.91||AMT 54.65||Peers 75.66|
Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
AMT is trading at a significant premium to its peers.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, AMT is expected to significantly trail its peers on the basis of its earnings growth rate.
|AMT 9.68||Peers 8.31||AMT 20.64||Peers 12.34|
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
AMT is trading at a premium to its industry on this measurement.
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.
AMT has a sales growth rate that significantly exceeds its peers.