Crown Castle International Corp. (REIT) (CCI) Company Bio
Crown Castle International Corporation owns, operates, and leases shared wireless infrastructure in the United States and Australia. The company was founded in 1994 and is based in Houston, Texas.
CCI Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for CCI, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Crown Castle International Corp ranked in the 13th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. The most interesting components of our discounted cash flow analysis for Crown Castle International Corp ended up being:
Crown Castle International Corp's weighted average cost of capital (WACC) is 8%; for context, that number is higher than only 21.89% of tickers in our DCF set.
Relative to other stocks in its sector (Real Estate), Crown Castle International Corp has a reliance on debt greater than just 22.45% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
UHT, SHO, DUO, MLP, and ESBA can be thought of as valuation peers to CCI, in the sense that they are in the Real Estate sector and have a similar price forecast based on DCF valuation.
This article was coproduced with Nicholas Ward. Last week, we performed a deep-dive analysis of American Tower (AMT) – the highest-rated cell tower real estate investment trust according to our new iREIT IQ system – to see whether the recent weakness in the cell tower space had created attractive value....
Crown Castle International Corp. (REIT) (CCI) Goldman Sachs 29th Annual Communacopia Conference September 17, 2020, 9:40 am ET Executives Jay Brown - President, Chief Executive Officer Analysts Brett Feldman - Goldman Sachs Presentation Brett Feldman [ABRUPT START] It is my pleasure to welcome to the conference in a virtual format...
SA Transcripts on Seeking Alpha | September 17, 2020
HOUSTON, July 30, 2020 (GLOBE NEWSWIRE) -- Crown Castle International Corp. (NYSE:CCI) (“Crown Castle”) today announced that all the outstanding shares of its 6.875% Mandatory Convertible Preferred Stock (“Preferred Stock”) will mandatorily convert on August 1, 2020 (“Mandatory Conversion Date”). On the Mandatory Conversion Date, holders of Preferred Stock will be entitled to receive 8.8043 shares of Crown Castle Common Stock (“Common Stock”) for each share of Preferred Stock converted. Cash will be paid in lieu of fractional shares of Common Stock. Dividends on the Preferred Stock will cease to accrue on the Mandatory Conversion Date. As of the close of trading on the New York Stock Exchange on July 29, 2020, Crown Castle had approximately 1.3 million shares of Preferred Stock outstan...