Crown Castle International Corp

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CCI : NYSE : Technology
$97.03 up 0.46 | 0.48%
Today's Range: 96.60 - 97.50
Avg. Daily Volume: 2,299,800
07/29/16 - 4:01 PM ET

Financial Analysis


CROWN CASTLE INTL CORP's gross profit margin for the second quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased. CROWN CASTLE INTL CORP has weak liquidity. Currently, the Quick Ratio is 0.64 which 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 decreased by 6.15% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.

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Income Statement Q2 FY16 Q2 FY15
Net Sales ($mil)962.41899.44
EBITDA ($mil)522.3499.88
EBIT ($mil)246.28246.73
Net Income ($mil)86.061153.36


Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)334.46481.63
Total Assets ($mil)22160.2521011.63
Total Debt ($mil)12426.211131.3
Equity ($mil)6948.317404.24


Profitability Q2 FY16 Q2 FY15
Gross Profit Margin63.7763.71
EBITDA Margin54.2755.57
Operating Margin25.5927.43
Sales Turnover0.170.17
Return on Assets1.77.28
Return on Equity4.846.11
Debt Q2 FY16 Q2 FY15
Current Ratio0.931.43
Debt/Capital0.640.6
Interest Expense129.36134.47
Interest Coverage1.91.83


Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)337.56333.76
Div / share0.890.82
EPS0.220.47
Book value / share20.5822.18
Institutional Own % n/a n/a
Avg Daily Volume2266343.02324362.0

Valuation


BUY. CROWN CASTLE INTL CORP's P/E ratio indicates a significant premium compared to an average of 50.71 for the Real Estate Investment Trusts (REITs) industry and a significant premium compared to the S&P 500 average of 25.05. Conducting a second comparison, its price-to-book ratio of 4.77 indicates a significant premium versus the S&P 500 average of 2.81 and a premium versus the industry average of 4.07. The current price-to-sales ratio is well above the S&P 500 average and above the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, CROWN CASTLE INTL CORP proves to trade at a premium to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
CCI 98.27 Peers 50.71   CCI 18.42 Peers 24.22

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

CCI is trading at a significant premium to its peers.

 

Discount. 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.

CCI is trading at a discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
CCI 65.30 Peers 55.43   CCI NM Peers 4.98

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

CCI is trading at a significant premium to its peers.

 

Neutral. 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.

CCI's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
CCI 4.77 Peers 4.07   CCI -27.54 Peers 63.97

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.

CCI is trading at a premium to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, CCI is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
CCI 8.82 Peers 8.76   CCI 3.92 Peers 47.28

Average. 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.

CCI is trading at a valuation on par with its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

CCI significantly trails its peers on the basis of sales growth

 

 

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