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:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for American Tower Corp. To summarize, we found that American Tower Corp ranked in the 30th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 46%. The most interesting components of our discounted cash flow analysis for American Tower Corp ended up being:
American Tower Corp's weighted average cost of capital (WACC) is 7%; for context, that number is higher than only 19.23% 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 merely 0% of US stocks with positive free cash flow.
Relative to other stocks in its sector (Real Estate), American Tower Corp has a reliance on debt greater than just 12.52% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
IRT, ALEX, SKT, PSB, and CDR 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.
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