American Tower Corp

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AMT : NYSE : Technology
$141.41 -3.4 | -2.3%
Today's Range: 138.78 - 145.58
Avg. Daily Volume: 1647100.0
09/19/17 - 3:04 PM ET

Financial Analysis

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 ($mil)1662.431442.23
EBITDA ($mil)979.47839.54
EBIT ($mil)583.11441.78
Net Income ($mil)367.05187.55

Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)914.31553.3
Total Assets ($mil)32138.2130740.2
Total Debt ($mil)19241.9718717.08
Equity ($mil)6482.716773.52

Profitability Q2 FY17 Q2 FY16
Gross Profit Margin68.1367.8
EBITDA Margin58.9158.21
Operating Margin35.0830.63
Sales Turnover0.20.17
Return on Assets3.662.59
Return on Equity16.5610.2
Debt Q2 FY17 Q2 FY16
Current Ratio0.550.8
Interest Expense187.32181.32
Interest Coverage3.112.44

Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)429.18425.26
Div / share1.261.04
Book value / share15.1115.93
Institutional Own % n/a n/a
Avg Daily Volume1646607.02088943.0


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.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
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.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
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.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
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.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
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.



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