Crown Castle International Corp

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CCI : NYSE : Technology
$85.3 up 0.3 | 0.35%
Today's Range: 84.99 - 85.35
Avg. Daily Volume: 3112100.0
12/09/16 - 10:02 AM ET

Financial Analysis


CROWN CASTLE INTL CORP's gross profit margin for the third 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 0.61 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 6.72% 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 Q3 FY16 Q3 FY15
Net Sales ($mil)992.02918.11
EBITDA ($mil)536.1507.55
EBIT ($mil)255.27245.89
Net Income ($mil)98.37103.78


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)273.15300.77
Total Assets ($mil)22171.7221995.64
Total Debt ($mil)12592.9612141.37
Equity ($mil)6753.727240.3


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin63.1163.64
EBITDA Margin54.0455.28
Operating Margin25.7326.78
Sales Turnover0.170.17
Return on Assets1.686.94
Return on Equity4.96.34
Debt Q3 FY16 Q3 FY15
Current Ratio0.941.24
Debt/Capital0.650.63
Interest Expense129.92129.88
Interest Coverage1.961.89


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)337.57333.77
Div / share0.890.82
EPS0.260.28
Book value / share20.0121.69
Institutional Own % n/a n/a
Avg Daily Volume3229569.02126540.0

Valuation


BUY. CROWN CASTLE INTL CORP's P/E ratio indicates a significant premium compared to an average of 53.60 for the Equity Real Estate Investment Trusts REITs industry and a significant premium compared to the S&P 500 average of 25.22. For additional comparison, its price-to-book ratio of 4.09 indicates a premium versus the S&P 500 average of 2.79 and a premium versus the industry average of 3.51. The current price-to-sales ratio is well above the S&P 500 average, but below the industry average. After reviewing 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 83.55 Peers 53.60   CCI 15.25 Peers 19.41

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 64.47 Peers 49.07   CCI NM Peers 18.28

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 4.09 Peers 3.51   CCI -30.00 Peers 57.11

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 7.21 Peers 7.54   CCI 5.23 Peers 15.74

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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