Crown Castle Inc
CCI
Market Cap$42.18B
Close$
Earnings Call Q4 2023
January 25, 2024 - AI Summary
Full year 2023 site rental revenues grew 4%, with tower organic growth at 5% and small cell growth at 6%. Fiber solutions revenue remained flat.
The 2024 outlook shows a decline in site rental revenues, adjusted EBITDA, and AFFO due to the absence of Sprint Cancellation payments, reduced non-cash items, and lower contribution from services gross margin. However, normalized for these impacts, there is expected to be year-over-year growth in all three metrics.
Tower growth is forecasted to average 5% through 2027, with 75% already contracted. Volatility on a quarter-to-quarter basis is expected but overall stability in cash flows and growth.
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$77.67
19.7% downside
Current Fair Value
19.7% downsideOvervalued by 19.7% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $42.18 Billion |
|---|---|
| Enterprise Value | $65.00 Billion |
| Dividend Yield | $6.1275 (6.31%) |
| Earnings per Share | $3.46 |
| Beta | 0.97 |
| Outstanding Shares | 434,519,944 |
| Avg 30 Day Volume | 2,626,850 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 28.08 |
|---|---|
| PEG | -232.54 |
| Price to Sales | 6.04 |
| Price to Book Ratio | 6.91 |
| Enterprise Value to Revenue | 9.31 |
| Enterprise Value to EBIT | 26.13 |
| Enterprise Value to Net Income | 43 |
| Total Debt to Enterprise | 0.35 |
| Debt to Equity | 3.59 |
Revenue Sources
No data
ESG Score
No data
About Crown Castle International Corp
CEO: Jay Brown