American Tower Corporation (REIT) (AMT) Company Bio
American Tower Corporation is a real estate investment trust. It invests in the real estate markets across the globe. The firm engages in leasing of space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data and data providers, government agencies and municipalities and tenants in a number of other industries. American Tower Corporation was founded in 1995 and is headquartered in Boston, Massachusetts.
AMT Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for AMT, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that American Tower Corp ranked in the 39th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 38.67%. As for the metrics that stood out in our discounted cash flow analysis of American Tower Corp, consider:
American Tower Corp's weighted average cost of capital (WACC) is 8%; for context, that number is higher than only 24.22% of tickers in our DCF set.
American Tower Corp's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than just 0% of US stocks with positive free cash flow.
The company's cost of debt, derived from its interest coverage, tax rate, and market capitalization, is greater than merely 16.97% of stocks in its sector (Real Estate).
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
CXW, HT, KIM, WSR, and IRT can be thought of as valuation peers to AMT, in the sense that they are in the Real Estate sector and have a similar price forecast based on DCF valuation.